Chapter 9 Assessment Questions
Chapter 9 Assessment Questions
1.
What characteristic is common to most entrepreneurs?
an advanced degree
deep management experience
a driven, highly competitive nature
a large network of business contacts
2.
True or false? Entrepreneurs are usually motivated by the teamwork spirit.
3.
Corporate culture comes from ________.
the commitment of the company’s employees
the founder’s idea of what the work environment should be like
government regulations about labor relations
the nature of the company’s product or service
4.
One danger a growing start-up can face is ________.
encroaching bureaucracy
lack of good employees
legal issues
venture capitalists
5.
True or false? The phrase caveat emptor means the seller is principally responsible for purchase decisions, not the buyer.
6.
True or false? Children are discerning viewers of television advertising.
7.
Psychological appeals succeed when they ________.
make consumers feel better about themselves
let consumers compare themselves to their peers
show consumers how to save money
introduce new products
8.
True or false? Even rational adults often fail to cast a suspicious eye to sophisticated ad pitches and end up making frivolous purchases.
9.
Should insurance coverage be mandatory for in some U.S. areas, such as hurricane coverage in the Southeast, tornado coverage in the Midwest, earthquake coverage on the Pacific Coast? Why or why not? Should government subsidies help underwrite the cost of this coverage? Why or why not?
10.
How prevalent has redlining been in the United States?
11.
Premium rates for insurance coverage are based on statistical calculations of the historical rate of incidence of certain kinds of accidents, disasters, and theft, among other calamities against which we insure ourselves. Is this the most equitable way to assign these rates? Why or why not?
12.
True or false? Business insurance is a relatively recent offering.
13.
True or false? Insurance coverage offers a benefit we hope never to claim.
14.
True or false? Employer-sponsored wellness programs have no downsides for employees.
15.
True or false? Most European countries have multipayer health care systems like the United States.
16.
In the European tradition, the main responsibility for supplying workers with health care lies with which of these groups?
the government and labor unions
labor unions
nonprofit agencies and private companies
individual workers
17.
A job setting in which an employee gym and a snack bar featuring healthy foods and beverages were perks would benefit which of these groups?
the owners/managers
the customers or clients of the firm
the employees
all the above
18.
Could an ethical case be made for managers dictating that employees adopt or avoid certain lifestyle practices (e.g., legally consuming cannabis) even when they are off the job? What would that argument be? What ethical counterarguments could be made?