Ethics is a set of moral values and principles a person chooses to help guide them throughout the whole of their life Ethics, in this sense, is like a _________________.
- A Set of blueprints or map for your life
- B Medicine you take to ensure healthy digestion
- C A computer program you download once and it runs in the background
- D None of the above
An “amoral” approach to living amounts to going through life without a plan, attempting to build one’s life at random, “feeling one’s way through what might work,” and changing one’s convictions at the slightest sense of fear or social pressure.
- A True
- B False
One reason that we do not recognize that ethics is all around us and that nearly all of our choices are ethical is that __________________.
- A Rarely are there consequences to unethical behavior
- B It is often difficult to see how our mundane, everyday choices shape our moral character
- C People do not award others enough for doing good in the world
- D People are self-centered; they think about themselves too much
Our character is developed primarily by _________________.
- A Our genetics, body chemistry, and hormones
- B Our environment and the knowledge we absorb from our family, friends, and teachers
- C Our thoughts, decisions, and action over time
- D How our behaviors have been strengthened or weakened by punishment and reward
Character traits are different from simple habits in that _________________.
- A Character traits are an important part of who we are, whereas we can often imagine ourselves without certain habits, particularly bad habits
- B Character traits are largely attributable to us, whereas habits are largely acquired unconsciously
- C Habits are largely attributable to us, whereas character traits are largely acquired unconsciously, by environmental factors
- D Both A & B
Which is NOT a way that leadership is different than management?
- A Management necessarily entails a position of authority
- B The role of a leader is to establish the basic vision of a company/movement/group and sell those involved on the idea
- C Leaders may not have a formal position of authority or any direct subordinates
- D Leadership positions general are held in higher regard and pay better salaries
There is no one recipe for being a great leader, people of all different backgrounds have rise to become great leaders
- A True
- B False
Which of the following is NOT something we can ascribe to businessmen?
- A They pollute and often waste natural resources unnecessarily
- B They produce a good or service and sell it on the market
- C They strive to earn profits through win-win relationships
- D They compete with similar producers for customers
The following are a few important virtues all good businessmen embody:
- A Greed, Ambitiousness, Risk-Aversion
- B Creativity, Charity, Environmental Awareness
- C Honesty, Integrity, and Rationality/Long-term thinking
- D Cut-throat competitiveness, Risk-aversion, Sycophancy
You came up just a bit short. But don’t let that dampen your enthusiasm for the free enterprise system. Either re-watch a few of the videos or take a minute and re-take the quiz.
"Without failure there is no achievement."
- John C. Maxwell
Congratulations! You passed this quiz. Although you didn’t get every answer correct, you did manage to pull a passing grade. You are on your way to being a successful entrepreneur.
"The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will."
- Vince Lombardi
lesson 1Introduction to the Foundations of Free Enterprise
lesson 2The Entrepreneurial Role: Business Planning and Development
lesson 3Running a Business: Marketing, Pricing and Promoting Products
lesson 4Leadership and Ethical Decision Making: Running a Business with Integrity
lesson 5The Intersection of Business and Government: Is it “Free” Enterprise?