Assessment Questions

What characteristic is common to most entrepreneurs?

1. an advanced degree
2. deep management experience
3. a driven, highly competitive nature
4. a large network of business contacts

True or false? Entrepreneurs are usually motivated by the teamwork spirit.

Corporate culture comes from ________.

1. the commitment of the company’s employees
2. the founder’s idea of what the work environment should be like
3. government regulations about labor relations
4. the nature of the company’s product or service

One danger a growing start-up can face is ________.

1. encroaching bureaucracy
2. lack of good employees
3. legal issues
4. venture capitalists

True or false? The phrase caveat emptor means the seller is principally responsible for purchase decisions, not the buyer.

True or false? Children are discerning viewers of television advertising.

Psychological appeals succeed when they ________.

1. make consumers feel better about themselves
2. let consumers compare themselves to their peers
3. show consumers how to save money
4. introduce new products

True or false? Even rational adults often fail to cast a suspicious eye to sophisticated ad pitches and end up making frivolous purchases.

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?

How prevalent has redlining been in the United States?

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?

True or false? Business insurance is a relatively recent offering.

True or false? Insurance coverage offers a benefit we hope never to claim.

True or false? Employer-sponsored wellness programs have no downsides for employees.

True or false? Most European countries have multipayer health care systems like the United States.

In the European tradition, the main responsibility for supplying workers with health care lies with which of these groups?

1. the government and labor unions
2. labor unions
3. nonprofit agencies and private companies
4. individual workers

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?

1. the owners/managers
2. the customers or clients of the firm
3. the employees
4. all the above

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?