MAN1107 PRETEST WK2 14-25

The application of __________  in a business context by obeying laws and regulations, being honest, doing no harm, and competing fairly.

• obeying all applicable laws and regulations
• social responsibility
• ethical behavior
• consumer protection

The __________  mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud.

• Sarbanes-Oxley Act
• Uniform Deceptive Accounting Practices Act
• Gramm–Leach–Bliley Act
• Fair Accounting Reporting Act

Ethical issues are the difficult social questions that involve some level of __________ over what is the right thing to do.

• certainty
• controversy
• ambiguity
• legality

Which of the following is not a basic right of the consumer?

• The right to be informed
• The right to be heard
• The right to safety
• The right to a discount

A company’s Gift or Bribe policy usually takes all of the following into account except:

• Type
• Cost
• Family Relationship
• Expectations

__________  is the concept that points of view have no absolute truth within themselves. They are subjective values based on differences in perception and consideration.

• Subjectivism
• Realism
• Relativism
• Idealism

Minimum Wage laws are:

• national laws
• state laws
• city laws
• all the above

The __________ provides protections against discrimination based upon race, religion, gender, disability, or age.

• Equal Employment Outcome Commission
• Equal Employment Opportunity Commission
• Equity in Employment Opportunity Commission
• Equity in Employment Outcome Commission

All of the following are Factors of Production except:

• Entrepreneurial Resources
• Capital Resources
• Production Resources
• Natural Resources

When a nation is the only source of a particular product, it is said to have a(n):

• Comparative Advantage
• Competitive Advantage
• Absolute Advantage
• Real Advantage