Chapter 4

Which of the following is considered a renewable resource?

• Oil

• Gas

• Lumber

• Coal

What is the primary purpose of the Age Discrimination in Employment Act?

• To protect employees from discrimination based on gender

• To protect employees aged 40 and older from age-based employment decisions

• To ensure equal pay for all employees

• To regulate working hours for minors

Which of the following is a benefit of a business taking socially responsible actions?

• Reducing production costs

• Enhancing the company’s image

• Increasing short-term profits

• Reducing employee turnover

What are ethics in the context of business?

• Customs and traditions

• Rules of conduct and principles of morality

• Cultural norms

• Legal regulations

How can a code of ethics benefit a company?

• By ensuring all employees behave identically

• By helping identify proper employee behavior

• By focusing on forbidden actions

• By eliminating the

Which of the following is an example of a non-renewable resource?

• Solar energy

• Wind energy

• Natural gas

• Hydropower

What is the main goal of corporate social responsibility (CSR)?

• To maximize short-term profits

• To contribute to societal goals and sustainable development

• To reduce employee wages

• To increase production speed

Which of the following is a key component of ethical business practices?

• Maximizing profits at any cost

• Transparency and honesty in operations

• Reducing employee benefits

• Ignoring environmental regulations

What is one way a company can demonstrate environmental responsibility?

• Increasing production waste

• Implementing recycling programs

• Using non-renewable resources

• Ignoring pollution controls

Why is it important for businesses to adhere to ethical standards?

• To avoid paying taxes

• To build trust with customers and stakeholders

• To reduce product quality

• To increase employee turnover