Ethical and Legal Issues in Business Quiz

What defines a bonafide business?

• A business that avoids taxes

• A business that operates illegally

• A business that is not registered

• A legitimate, legally recognized establishment

What is an ethical issue related to capital in a business?

• Using funds from legal sources

• Profiting from illegal activities

• Investing in community projects

• Sourcing capital from banks

What is a legal issue regarding taxes for businesses?

• Evading taxes

• Hiring a tax consultant

• Paying taxes late

• Reporting taxes accurately

What is the ethical responsibility of a business regarding employee treatment?

• Discriminating against employees

• Ignoring labor laws

• Reducing employee benefits

• Providing minimum wage

What is a consequence of violating consumer protection laws?

• Increased sales

• Product recalls

• Better customer trust

• Lower production costs

What is an example of environmental responsibility for businesses?

• Increasing waste production

• Maximizing resource usage

• Using eco-friendly materials

• Ignoring pollution regulations

What does data protection law require from businesses?

• Protecting personal information

• Selling personal data

• Ignoring data breaches

• Collecting data without consent

What is a legal issue related to labor laws?

• Providing safe working conditions

• Failing to pay minimum wage

• Offering employee benefits

• Conducting employee training

What is an ethical issue regarding taxes?

• Paying taxes on time

• Avoiding tax obligations

• Contributing to public services

• Hiring tax advisors

What is a key consideration for ensuring business legitimacy?

• Avoiding audits

• Registering with government agencies

• Using unverified funding sources

• Operating without licenses