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Intro to Business Chapter 4- Social Responsibility of Business and Government Flashcards | StudBud
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Intro to Business Chapter 4- Social Responsibility of Business and Government
Intro to Business Chapter 4- Social Responsibility of Business and Government
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StudBud Administration
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Flashcards
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Questions
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Answers
1
The major challenge facing business today involves learning how to manage a diverse worforce
False
True
2
Government borrow money by selling
stocks
promissory notes
ALL OF THE ABOVE
bonds
3
If a company has a code of ethics
employees will always know how to behave
it will be worded to stress forbidden actions
all of the above
the company can identify proper behavior
4
Government is mainly concerned with all of the following except?
Regulating utilities
providing services to citizens
Making a profit
hiring public employees
5
Which of the following would be considered a utility company
electric company
lawn service
gas company
school
6
In the US, Work safety standards are enforced by
WWJD
FBI
NFL
OSHA
7
___ are principles of morality or rules of conduct
Customs
Ethics
Traditions
Cultures
8
All of the following are non-renewable except
coal
lumber
oil
gas
9
Which of the following would NOT be considered a utility company?
water works company
a telephone company
a gas station
electric company
10
Government plays a role in all economic systems
True
False
11
Socially responsible actions benefit employees while costing the company nothing
False
True
12
If you write an original song, your work can be protected with a copyright
False
True
13
A public utility company is a company that is owned by the government
True
False
14
A tax that is based on the value of the land and buildings
Intellectual
Property
Engagement
Sales
15
Saving Scarce resources is called
conservation
constipation
conversation
anticoagulation
16
Which of the following is not intellectual property?
copyrights
patents
ideas
trademarks
17
Property tax revenue is used to pay for all of the following except?
police protection
community parks
Medicare
schools
18
Antitrust laws protect consumers from all of the following except
deceptive packaging
products being outdated too quickly
False advertising
misleading labeling
19
A state or local tax on goods and services that is collected by the seller is called?
property tax
sales tax
thumb tacks
income tax
20
A valid contract must contain____: an offer must be made and accepted
money
agreement
dialogue
samples
21
All written contracts are legal
False
True
22
Which question should you NOT ask yourself when considering the ethics of a situation?
Does this violate professional standards?
Who is affected by the action?
Is this action legal?
WWJD?
23
the Age Discrimination in Employment Act protects all people aged what and older from employers
50
30
60
40
24
Suppose one company owned all the grocery stores in your state. This situation would be called
Union
Monopoly
Cartel
Mafia
25
Information the government collects can help decide where potential customers live
False
True
26
Top Management has little impact on the ethical conduct of a business
False
True
27
The largest source of revenue for the federal government is the
individual income tax
luxury tax
inheritience tax
corporate income tax
28
In the U.S., police and fire protection is usually provided by
state government
large corporations
local government
federal government
29
Brad Pitt and Angelina Jolie got divorced
False
True