WorksheetsChapter 14 - Legal, Ethical & Social Obligations
Total questions: 37
Worksheet time: 20mins
Name
Class
Date
1.
The Sherman Anti-Trust Act made it legal to form monopolies.
a)
True
b)
False
2.
A monopoly is when...
a)
a company makes goods with machines
b)
a company makes goods by hand
c)
a company takes control of a product or service
d)
government takes over a business
3.
What is Consumer Protection?
a)
businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors
b)
the ratio between the average price received by producers (measured at the farm gate), including net payments per unit of current output, and the border price (measured at the farm gate)
c)
Consumer protection laws are federal and state statutes governing sales and credit practices involving consumer goods.
4.
This act makes it illegal for a business to require a customer to purchase one good in order to be able to purchase another
a)
Clayton Act
b)
Sherman Act
c)
Robinson-Patman Act
d)
Wheeler-Lea Act
5.
If you sell to other businesses, you must offer the same terms to all those businesses (Robinson-Patman Act)
a)
True
b)
False
6.
Bans false advertising
a)
Sherman Act
b)
Clayton Act
c)
Robinson-Patman Act
Robinson-Patman Act
Robinson-Patman Act
d)
Wheeler-Lea Act
7.
Which Government agency deals with fair competition and enforcing the antitrust legislation acts?
a)
Federal Communications Commission
b)
Federal Trade Commission
c)
Justice Department
d)
The police
8.
A _________ is a legal document that gives an inventor the sole right to produce, use and sell an invention
a)
Patent
b)
Copyright
c)
trademark
d)
license
9.
A trademark is the legal right to exclusive publication, production, sale or distribution of a literary or artistic work
a)
True
b)
False
10.
A patent lasts how many years?
a)
10
b)
7
c)
20
d)
forever
11.
How long does a copyright last?
a)
5 years
b)
20 years
c)
70 years after the death of the author
d)
forever
12.
The swoosh is a __________ for Nike
a)
patent
b)
copyright
c)
trademark
13.
Requires the same wage scales for equal work
a)
Child Labor
b)
Equal employment opportunity
c)
Equal Pay
d)
Affirmative Action
14.
Designed to correct past discrimination
a)
Child Labor
b)
Wages and hours
c)
Equal Pay
d)
Affirmative Action
15.
Allows workers to take unpaid leave to help care for a new baby or an ill family member.
a)
Equal employment opportunity
b)
Wages and hours
c)
Equal Pay
d)
Affirmative Action
16.
You do not have to adhere to the family medical leave act if you have less than 50 employees
a)
false
b)
true
17.
Which of the following refers to the duty of a business to contribute to the well-being of a community?
a)
workplace diversity
b)
social responsibility
c)
code of ethics
d)
laws and regulations
18.
Which of the following is an advantage to a business for being socially responsible
a)
Monetary costs of Being Socially Responsible
b)
Enhanced Company Image
c)
Extra Time Spent on Program or Event Organization
d)
Negative Corporate Reputation
19.
A set of rules for guiding the actions of employees or members of an organization.
a)
Code of Ethics
b)
Mission Statement
c)
Social Responsibility Policy
d)
Corporate Ethics
20.
All unethical business practices are covered by the law.
a)
True
b)
False
21.
What are the benefits of a company being known as ethical?
a)
Impact on competitiveness
b)
Enhances reputation
c)
Value added
d)
All of these
22.
the quality of being honest and having strong moral principles; moral uprightness.
a)
integrity
b)
honesty
c)
ethics
d)
values
23.
Which of the following refers to the duty of a business to contribute to the well-being of a community?
a)
workplace diversity
b)
social responsibility
c)
code of ethics
24.
Who protects the safety of workers and inspects working conditions
a)
FTC
b)
FCC
c)
OSHA
d)
ADA
25.
The EPA enforces federal laws concerning clean air and water
a)
True
b)
False
26.
Which type of business would require a license to operate?
a)
beauty salon
b)
bakery
c)
construction site
d)
all of the above
27.
This entity prosecutes businesses that have engaged in other activities that violate the antitrust laws.
a)
Justice Department
b)
Federal Trade Commission
c)
FDA
d)
OSHA
28.
This agency administers most of the laws dealing with with fair competition
a)
OSHA
b)
Justice Department
c)
Federal Trade Commission
d)
FDA
29.
Which is these is NOT something that the FTC monitors
a)
price setting by competitors
b)
false or misleading advertising
c)
unsafe working conditions
d)
price discrimination
30.
Which law requires that drug companies must let people know of any side effects they may experience from using a medication
a)
Wheeler-Lea Act
b)
Robinson-Patman Act
c)
Sherman Act
d)
Clayton
31.
Before deciding on a location for your business, it is wise to check the ________________ laws.
a)
licensing
b)
consumer protection
c)
zoning
d)
discrimination
32.
This act bans discrimination against employees based on age, race, color, national origin, religion, or gender
a)
Equal Employment Act
b)
Consumer protection Act
c)
Clayton Act
d)
EEOC
33.
This act bans discrimination against employees based on disabilities.
a)
Americans with Disabilities Act
b)
OSHA
c)
FMLA
d)
Consumer Protection Act
34.
The family medical leave act must be followed regardless of the number of employees you have
a)
True
b)
False
35.
This act establishes the maximum number of hours employees can work.
a)
Americans with Disabilities Act
b)
Consumer Protection Act
c)
Occupational Safety and Health Administration
d)
Fair Labor Standards Act
36.
The level of ethical behavior demanded by an individual, a business or a culture.
a)
culture
b)
Code of Ethics
c)
consumer awareness
37.
If your business is not doing well, you should tell your creditors and investors as early as possible
a)
True
b)
False
100 %
