Business and Ethics Flashcard

Front

Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees?
Options:
The Equal Pay Act of 1963,
The Fair Labor Standards Act of 1968,
The Americans with Disabilities Act of 1990,
Title VII of the Civil Rights Act of 1964

Back

The Fair Labor Standards Act of 1968

Front

Which of the following steps in the ethical decision-making process involves devising an accurate problem definition?
Options:
Selecting the best choice.
Listing all alternatives and consequences.
Defining the problem.
Evaluating your decision.

Back

Defining the problem.

Front

The quantity of a good or service that consumers are willing and able to buy is?

Back

Demand

Front

Intrastate commerce is business that occurs where?

Back

Within the state itself

Front

In a command economy, who would control the three economic questions?

Back

The government

Front

Raw materials found in nature are called?

Back

Natural resources

Front

When a business has control of the market for a product or service, a ___ is said to exist?

Back

Monopoly

Front

Which of the following is the way a society produces goods and services? Laissez Faire, Socialism, Economic Systems, Marxism

Back

Economic Systems

Front

What is the strictest type of trade barrier a government would choose to use?

Back

Embargo

Front

The amount of goods and services that producers are willing to provide at various prices is known as?

Back

Supply