Business and Ethics Quiz

Which of the following laws requires one and a half times the regular rate of pay for more than 40 hours worked for qualified employees?

• The Equal Pay Act of 1963

• The Fair Labor Standards Act of 1968

• The Americans with Disabilities Act of 1990

• Title VII of the Civil Rights Act of 1964

Which of the following steps in the ethical decision-making process involves devising an accurate problem definition?

• Selecting the best choice.

• Listing all alternatives and consequences.

• Defining the problem.

• Evaluating your decision.

When a business pays for supplies and utilities, it is called?

• Profits

• Revenue

• Expenses

• Income

Which of the following is NOT an example of an organization?

• An international corporation

• A private school

• A group of friends

• A community non-profit affiliation

Which of the following is the way a society produces goods and services?

• Laissez Faire

• Socialism

• Economic Systems

• Marxism

What is the strictest type of trade barrier a government would choose to use?

• Embargo

• Quota

• Tariff

• Free trade

The way people get along with each other is known as ___

• Communications

• Leadership

• Management

• Human Relations

The price at which one currency can buy another currency is called the _______.

• Market valuation

• Retailing

• Money

• Exchange rate

Food, water, clean air, shelter, and clothing are examples of consumer ___.

• Wants

• Needs

• Desires

• Goods

The set of rules for guiding the actions of employees or members of an organization is the definition of:

• Code of ethics

• Diversity

• Social Responsibility

• Legal laws