MAN 1107 CH 3 PRETEST

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

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

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

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

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

• controversy
• certainty
• legality
• Ambiguity

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

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

A lawyer cannot represent both the plaintiff and the defendant because of they may have:

• a Conflict of Interest Issue
• an Ethical Issue
• an Integrity Issue
• an Ethical Dilemma

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

• Family Relationship
• Expectations
• Cost
• Type

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

• Relativism
• Realism
• Idealism
• Subjectivism

Minimum Wage laws are:

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

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

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

Ethical dilemmas in business:

• often force us to choose between equally unsatisfactory alternatives
• define us as being moral absolutists or moral idealists
• force us to make poor choices
• always end up bringing out the best in us