3.6: Review Questions
Full and truthful disclosure ________.
- is often required under tort law
- is a matter of ethics, not a legal requirement
- is a risky business practice because it helps the competition
- is a strictly personal choice
Common IP law-mandated periods of protection are ________.
- copyrights are protected for twenty years
- patents are protected for fifty years
- trademarks are protected for renewable ten-year periods
- trade secrets are protected for fifteen years
Acting ethically includes acting with which of the following?
- integrity
- disclosure
- transparency
- All of these options are correct.
Antitrust law:
- may help small entrepreneurs by ensuring big companies do not have monopolies
- may hurt small entrepreneur by requiring them to disclose trade secrets
- only applies to businesses with over 500 employees
- None of these options are correct.
Patents ________.
- are similar to trade secrets under IP law
- allow a temporary monopoly for an invention
- are protected under IP law for a period of ninety-nine years
- None of these options are correct.
An example of a company(s) that have been fined millions of dollars for legal/ethical violations includes ________.
- Enron
- TOMS
- British Petroleum
- a and c
The B-corporation moniker ________.
- requires government certification
- requires no certification
- can only be used after an audit and certification by the B-corp organization
- is a social media concept used primarily for marketing purposes
What differentiates a social entrepreneurial enterprise from a traditional entrepreneur?
- commitment to reduce pollution
- pledge to undertake sustainable supply chain sourcing
- effort to recycle water, waste, and other byproducts
- All of these options are correct.
Core qualities for building a foundation of ethics-based behaviors include ________.
- trust
- fairness
- excellence
- All of these options are correct.
Millennial workers ________.
- often do not place salary as their first priority
- want work-life balance
- usually expect their employer to have an ethical value system
- All of these options are correct.
A diverse workforce ________.
- is always optional
- is usually required for government contracting
- is always required under Title VII
- is never required