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products being outdated too quickly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