49. A code of ethics becomes increasingly appropriate and necessary as a small business a. expands its credit sales and acquires more customers who buy on credit.b. begins to market products in other countries.c. grows larger, with a consequent lessening of the owner’s personal influence.d. increases borrowing to the extent that one-third of its assets are financed by borrowing.ANS: C PTS: 1 DIF: Difficulty: ModerateREF: p. 47 OBJ: LO: 2-4c NAT: BUSPROG: EthicsSTA: DISC: Ethical and Legal KEY: Bloom’s: Knowledge 50. Garner developed a code of ethics for his growing business because: 51. In drawing up a code of ethics, a small business owner should adopt a code 52. The purpose of the Better Business Bureau is: 53. In order to make an ethical decision, the key to problem definition is to a. go with the obvious solution.b. look at the surface of the problem. c. find the most cost effective solution. d. identify the root of the problem. ANS: D PTS: 1 DIF: Difficulty: Moderate
REF: p. 49 OBJ: LO: 2-4e NAT: BUSPROG: EthicsSTA: DISC: Ethical and Legal KEY: Bloom’s: Knowledge 54. The most widely recommended principle for ethical behavior is to do what
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