Chapter 3 Quiz Review

Which is NOT another word for ethics?

• principles

• recycling

• honor

• integrity

Which might indicate that a company is run according to ethical standards?

• Employees are treated fairly.

• The cost of making products increases.

• The government investigates the company's accounting practices.

• Environmental problems related to manufacturing are not addressed.

Which is true of ethics in business?

• Everyone is ethical nowadays

• Everyone agrees to the same code of ethics.

• Companies are not interested in ethics training.

• Sometimes laws are needed to uphold ethics.

Which is NOT necessarily characteristic of a sweatshop?

• long hours

• low wages

• production of clothes

• unhealthy or unsafe conditions

Which is NOT a consequence of unethical business practices?

• losing repeat business

• having a well-trained employee

• being fined by the government

• losing employees

How might an employer treat an employee fairly?

• provide good training

• offer less than average pay for the job

• encourage the employee to leave

• ask the employee to do another's work

Which is NOT a good way for an employer to handle a decision that leads to conflict of interest?

• Consider the decision carefully and not make it in the first place.

• Fix the problem as soon the employer realizes the mistake.

• Apologize to any employees involved.

• Ignore or cover up the problem and look out for himself.

Which is NOT an example of how you can be socially responsible?

• promote recycling in the workplace

• consider ethics only when necessary

• volunteer for a cause that interests you

• treat others well

Who protects consumers from dangerous or falsely advertised goods?

• Federal Trade Commission

• other consumers

• Earth-friendly products

• businesses

How are consumers affected when companies restrict competition?

• They can buy out the company.

• They can determine the price.

• They pay less.

• They have fewer choices in products and pricing.