stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Ch. 3 Business Laws and Ethics Flashcards | StudBud
Explore
/
Ch. 3 Business Laws and Ethics
Ch. 3 Business Laws and Ethics
20 terms
·
StudBud Administration
·
10 plays
Imported from external platform
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
Environmental laws and regulations apply to
issues only relating to air and water pollution
only companies with a certain number of employees
every type of business in every industry
problems related to worker compensation
2
A company's code of conduct is likely to include rules on
persoanl use of company internet access
processes for handling outside contractors
hourly pay
signing a company confidentiality agreement
3
Which of the following is not a required element of a contract?
offer
consideration
acceptance
Breach
4
Which government agency works to prevent unfair competition and deceptive business practices
US Food and Drug Administration
Consumer Product Safety Commission
Federal Trade Commission
US Dept. of Labor
5
___ describes how the owners and employees think, feel, and act as a business.
Philanthropy
Integrity
corporate culture
Social responsibility
6
Social responsibility is the actions taken by a business to promote social good.
False
True
7
Each person who participates in a contract agreement is a
party
contractee
player
contractor
8
Overstating the features and benefits or products is
not subject to governmental regulations
sometimes socially responsible
a breach of confidentiality
false advertising
9
Each person who participates in a contract agreement is called an employer
True
False
10
Laws that apply to the handling of business debts when a business is no longer profitable are ____ laws.
consumer bill of rights
bankruptcy
business
employer
11
Which is a contract used when two or more individuals create a business?
Lease
Partnership agreement
Employment agreement
Employment offer
12
Businesses are required by federal law to give all workers
annual pay raises
equal employment and advancement opportunities
equal pay
collective bargaining
13
Labor relations law regulates the relationships between employees and their
employees
employers
parties
partners
14
Work created by company employees on the job that is owned by the company is
company property
corporate social responsibility
code of ethics
proprietary information
15
Businesses are expected to demonstrate ethical behavior
even when governemt regulations do not apply
except when it conflicts with corporate culture
only when required by the government regulation
only when required by contract
16
Principles that help define appropriate behavior in a business setting are
corporate culture
business ethics
business regulations
morals
17
The basic expectations of fair treatment of consumers are contained in the
proprietary information
contract agreement
consumer bill of rights
code of ethics
18
A document that dictates how business should be conducted is a
mission statement
purpose statement
code of ethics
policy manual
19
The number assigned to businesses for tax purposes by the Internal Revenue Service is a(n)
tax number
social security number
Employee Identification Number
identification number
20
Agreeing to the terms of a contract is
code of ethics
acceptance
social responsibility
integrity