Chapter 4-6

Which of the following is a difference between a C corporation and an S corporation?

A C corporation is double taxed, whereas an S corporation is taxed as a partnership.

Which of the following communication channels should ideally be used when you must communicate lengthy or detailed uncontroversial information?

Memos

Which of the following is a disadvantage of franchising for a franchisee?

The negative halo effect

__________has a high channel richness, and especially with state-of-the-art equipment, it conveys much of the richness of actually being there.

Videoconferencing

A sole proprietorship is a form of business ownership in which:

a single owner actively manages the company.

When writing high-impact messages, a _____ is an invaluable tool that you can use to engage your reader's attention whenever you have more than one of anything in your writing.

bulleted list

A(n)__________is a combination of two firms that are in unrelated industries.

conglomerate merger

The nonprofit, nonpartisan Character Counts organization has worked with various group of educators and community leaders to establish a set of:

core ethical values that transcend political, religious, class, and ethnic divisions.

An advantage of franchising is:

easier access to funding.

In the context of active listening, one of the dos for better listening is the use of _____.

nonverbal communication

Which of the following statements is true of ethics?

Actions that are completely legal can still be unethical.

__________is a widely accepted social movement that supports a buyer's right to be informed, to be safe, to choose, and to be heard.

Consumerism

In the context of monitoring ethics and social responsibility, which of the following is the starting point of a social audit?

Establishing goals

Consumerism is a widely accepted social movement. Which of the following can be considered a consumer's right?

Expressing legitimate complaints easily

Alfred, a human resource manager at an IT firm, reasons, "Although everyone should be given an equal opportunity, but for once it is fine to give my friend the first shot at the opening in my company because I know he really needs the job." In this context, which of the following statements is most likely true of Alfred?

He views ethics as relative.

Who among the following individuals uses nonverbal communication?

Herbert, who maintains eye contact with his employees while talking to them

Which of the following is a difference between limited partnerships and limited liability partnerships?

In limited liability partnerships, all the partners actively participate in the management of the company, whereas in limited partnerships, only the general partners actively manage the company.

Which of the following communication channels should ideally be used when you need to reach a large audience with an important message?

In-person presentation

In the context of an organization dedicated to promoting corporate social responsibility, which of the following statements is true of measuring a company's success by evaluating a double bottom line?

It accounts for traditional financial indicators, such as earnings.

In the context of creating and delivering successful verbal presentations, which of the following statements is true of dynamic delivery?

It begins and ends with preparation.

In the context of bringing the code of ethics of a company to life, which of the following statements is true when experts try to advocate a forceful, integrated approach to ethics?

It should be ensured that the company's ethics code is both local and global in scope.

In the context of challenges to effective communication, the term _____ refers to any interference that causes the message you send to be different from the message your audience understands.

Noise

__________is a form of communication that does not involve the use words.

Nonverbal communication

Which of the following scenarios exemplifies a nonverbal communication that is most likely to have a negative impact on the outcome of a conversation?

Rudolph fidgets frequently when he delivers a PowerPoint presentation to his sales team.

The _____ limits conflict-of-interest issues by restricting the consulting services that accounting firms can provide for the companies they audit.

Sarbanes-Oxley Act

Which of the following communication channels should ideally be used when the content is uncontroversial and a quick response regarding relatively simple issues is required?

Texting

In the context of a company's responsibility to the environment, which of the following is the idea behind sustainable development?

To meet the needs of the current generation without harming the ability of future generations to meet their needs

In the context of ethics and social responsibility in the global arena, which of the following statements is true of a business's responsibility to workers abroad?

When deciding living wages, companies must bring together their own values with the laws of both the United States and their host countries.

In the context of legal and ethical dimensions of business conducts, it is illegal but ethical to:

collaborate with other medical clinics to guarantee low prices in low-income counties.

The various ways in which a message can be sent, ranging from one-on-one in-person meetings to Internet message boards, are called__________.

communication channels

A _____ is a type of franchising arrangement in which the franchisor makes a product and licenses the franchisee to sell it.

distributorship

In the context of universal ethical standards, being open-minded and not taking advantage of others exemplifies the core value of _____.

fairness

A large film production company merges with a popular sound processing studio, resulting in the formation of a new company out of the two previously independent firms. This is most likely an example of a _____.

horizontal merger

A(n) _____ is a form of business ownership that offers both restricted responsibility to its owners and flexible tax treatment.

limited liability company

A corporation is a separate entity from its owners where the:

owners are not personally responsible for the obligations of the company.

A(n)__________is a voluntary agreement under which two or more people act as co-owners of a business for profit.

partnership

In the context of social responsibility,__________include employees and investors who have a personal interest in the performance and actions of an organization.

stakeholders

A(n) _____ is a corporation that has limited number of owners that operates under simpler, less formal rules than a C corporation.

statutory close corporation

David is the chief executive officer of Grand Rocks Mining Company. He has convinced the company's board of directors to implement a change in the mining procedure. According to the new procedure suggested by David, less resources will be exhausted. This will ensure that the ability of future generations to meet their needs is not harmed because of shortage of natural resources. By agreeing to David's suggestion, Grand Rocks has embraced the idea of _____.

sustainable development

In the context of an acquisition, the firm that is purchased by another firm is called the _____.

target firm

To strike the right tone while writing a business message, it is suggested that an individual:

uses the active voice to facilitate concise communication.