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Ethics

Total questions: 22

Worksheet time: 7mins

Name
Class
Date
1.

___________ is a set of moral principles or values that govern behavior.

a)

Policies

b)

Traditions

c)

Laws

d)

Ethics

2.

Many companies create a _______________, which outlines the principles of conduct to be used in making decisions within the organization.

a)

compliance manual

b)

code of ethics

c)

business plan

d)

corporate strategy

3.

______________ are situations in which the ethical course of action is not clear.

a)

Conflict resolution

b)

Performance reviews

c)

Ethical dilemmas

d)

Risk assessments

4.

This law prohibits businesses from charging different prices to different purchasers for the same goods. It also bans mergers and acquisitions that may substantially lessen competition.

a)

Clayton Antitrust Act

b)

Sherman Antitrust Act

c)

Wheeler-Lea Act

d)

Robinson-Patman Act

5.

This law requires safety testing and approval of food, drugs, and cosmetics before they can be sold, and bans misbranded or adulterated products from being sold to protect public health.

a)

Federal Food, Drug, and Cosmetic Act

b)

Federal Trade Commission Act

c)

Fair Packaging and Labeling Act

d)

Dietary Supplement Health and Education Act

6.

This law bans unfair or deceptive acts or practices, including false advertising.

a)

Sherman Antitrust Act

b)

Wheeler-Lea Act

c)

Robinson-Patman Act

d)

Clayton Antitrust Act

7.

This law requires clear disclosure of loan terms, interest rates, and fees to borrowers and helps consumers compare credit offers and make informed financial decisions.

a)

Equal Credit Opportunity Act

b)

Consumer Credit Protection Act

c)

Truth in Lending Act

d)

Home Mortgage Disclosure Act

8.

This law prohibits monopolies, promotes fair competition in the marketplace, and prevents companies from price-fixing.

a)

Robinson-Patman Act

b)

Wheeler-Lea Act

c)

Sherman Antitrust Act

d)

Clayton Antitrust Act

9.

This commission protects the public from unreasonable risks of injury from consumer products and sets safety standards and can ban or recall dangerous products.

a)

Federal Trade Commission

b)

Federal Communications Commission

c)

Securities and Exchange Commission

d)

Consumer Product Safety Commission

10.

This law sets national standards to limit air pollution and protect public health.

a)

Clean Air Act

b)

Toxic Substance Control Act

c)

Clean Water Act

d)

Endangered Species Act

11.

This law regulates pollutant discharge into U.S. waters to protect water quality.

a)

Toxic Substance Control Act

b)

Clean Water Act

c)

Clean Air Act

d)

Endangered Species Act

12.

This law requires companies to report and test chemical safety before use or sale.

a)

Endangered Species Act

b)

Clean Air Act

c)

Toxic Substance Control Act

d)

Clean Water Act

13.

This law created the EPA and requires the federal government to assess environmental impacts before approving major projects.

a)

Resource Conservation and Recovery Act

b)

Toxic Substances Control Act

c)

Clean Water Act

d)

National Environmental Policy Act

14.

Standards of business ethics are the same all over the world.

a)

True

b)

False

15.

Federal employees cannot accept gifts over $20 per occasion.

a)

True

b)

False

16.

If you are giving a gift, the bigger and more lavish it is the better! 

a)

True

b)

False

17.

Clients tend to frown upon getting handwritten notes because they are boring and thoughtless. 

a)

True

b)

False

18.

____________ refers to the obligation that individuals or businesses have to help solve social problems.

a)

Social responsibility

b)

Corporate governance

c)

Risk management

d)

Strategic planning

19.

___________ are individuals or groups who are affected by or can affect a company's actions, decisions, or policies.

a)

Shareholders

b)

Stakeholders

c)

Entrepreneurs

d)

Employees

20.

Which of the following is NOT an internal stakeholder?

a)

Employees

b)

Managers

c)

Suppliers

d)

Owners

21.

A(n) ____________ is a process that evaluates how well a company is fulfilling its social responsibility goals and ethical practices.

a)

environmental assessment

b)

compliance review

c)

quality control

d)

social audit

22.

Which is NOT one of the ways companies measure social responsiveness? 

a)

Stock Prices and Market Shares

b)

Philanthropy and Volunteering

c)

Environmental Awareness

d)

Diversity and Quality of Work Life