Ethics Review

Question 1

A written document that outlines the principles of conduct in a business.

Accepted Answer

Code of Ethics

Question 2

An employee versus employer mentality was common during this decade.

Accepted Answer

1970s

Question 3

Deceptive advertising and bribes were common during this decade.

Accepted Answer

1980s

Question 4

The belief that a business has a responsibility to give back to society.

Accepted Answer

Social Responsibility

Question 5

This law made it illegal to charge different prices to different wholesale customers.

Accepted Answer

Clayton Act

Question 6

This agency can force a manufacturer to recall a product that is unsafe; such as a toy.

Accepted Answer

CPSC

Question 7

Environmental and civil rights issues were common in this decade.

Accepted Answer

1960s

Question 8

The philosophy that a company's primary purpose is to make money.

Accepted Answer

Profit Maximization

Question 9

This law requires businesses to reveal any harmful side effects of their products.

Accepted Answer

Wheeler Lea Act

Question 10

Patents, trademarks and copyright laws protect _________.

Accepted Answer

Intellectual Property

Question 11

When a customer steals from a retail store.

Accepted Answer

Shoplifting

Question 12

This is NOT an example of social responsibility.

Accepted Answer

Giving employees vacation time

Question 13

When a company is held liable for someone's death.

Accepted Answer

Corporate Manslaughter

Question 14

The mission of this agency is to protect human health and safeguard the air, water, & land.

Accepted Answer

EPA

Question 15

This law makes it illegal to discharge pollutants into navigable waters.

Accepted Answer

Clean Water Act

Question 16

A review of how a company meets its social responsibility.

Accepted Answer

Social Audit

Question 17

When an employee steals from his or her workplace.

Accepted Answer

Pilferage

Question 18

This law prohibits lenders from having hidden fees.

Accepted Answer

Truth in Lending Act

Question 19

Cyber crime was common in this decade.

Accepted Answer

2000s

Question 20

This law prevents deceptive advertising.

Accepted Answer

Wheeler Lea Act

Question 21

This law prohibits mergers if the resulting company will control too much of the market.

Accepted Answer

Sherman Act

Question 22

Which of the following is considered a "stakeholder" in a business?

Accepted Answer

All of the above

Question 23

When the ethical course of action is unclear.

Accepted Answer

Ethical Dilemma

Question 24

Unsafe work practices in 3rd world countries were common in this decade.

Accepted Answer

1990s

Question 25

Existed from 1920s to 1950s, saying businesses had an obligation to do more than earn profits.

Accepted Answer

Trustee Management

Question 26

Moral principles that govern behavior.

Accepted Answer

Ethics

Question 27

This law regulates air emissions.

Accepted Answer

Clean Air Act

Question 28

A corporate effort to improve human welfare.

Accepted Answer

Philanthropy

Question 29

This law tracks and screens chemicals that are produced in and imported into the U.S.

Accepted Answer

Toxic Substances Control Act

Question 30

This agency can stop manufacturers from selling food, drugs & cosmetics that are unsafe.

Accepted Answer

FDA

Ethics Review

Questions 30

Ethics Review

Questions 30