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WorksheetsEthics
Total questions: 22
Worksheet time: 7mins
___________ is a set of moral principles or values that govern behavior.
Policies
Traditions
Laws
Ethics
Many companies create a _______________, which outlines the principles of conduct to be used in making decisions within the organization.
compliance manual
code of ethics
business plan
corporate strategy
______________ are situations in which the ethical course of action is not clear.
Conflict resolution
Performance reviews
Ethical dilemmas
Risk assessments
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.
Clayton Antitrust Act
Sherman Antitrust Act
Wheeler-Lea Act
Robinson-Patman Act
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.
Federal Food, Drug, and Cosmetic Act
Federal Trade Commission Act
Fair Packaging and Labeling Act
Dietary Supplement Health and Education Act
This law bans unfair or deceptive acts or practices, including false advertising.
Sherman Antitrust Act
Wheeler-Lea Act
Robinson-Patman Act
Clayton Antitrust Act
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.
Equal Credit Opportunity Act
Consumer Credit Protection Act
Truth in Lending Act
Home Mortgage Disclosure Act
This law prohibits monopolies, promotes fair competition in the marketplace, and prevents companies from price-fixing.
Robinson-Patman Act
Wheeler-Lea Act
Sherman Antitrust Act
Clayton Antitrust Act
This commission protects the public from unreasonable risks of injury from consumer products and sets safety standards and can ban or recall dangerous products.
Federal Trade Commission
Federal Communications Commission
Securities and Exchange Commission
Consumer Product Safety Commission
This law sets national standards to limit air pollution and protect public health.
Clean Air Act
Toxic Substance Control Act
Clean Water Act
Endangered Species Act
This law regulates pollutant discharge into U.S. waters to protect water quality.
Toxic Substance Control Act
Clean Water Act
Clean Air Act
Endangered Species Act
This law requires companies to report and test chemical safety before use or sale.
Endangered Species Act
Clean Air Act
Toxic Substance Control Act
Clean Water Act
This law created the EPA and requires the federal government to assess environmental impacts before approving major projects.
Resource Conservation and Recovery Act
Toxic Substances Control Act
Clean Water Act
National Environmental Policy Act
Standards of business ethics are the same all over the world.
True
False
Federal employees cannot accept gifts over $20 per occasion.
True
False
If you are giving a gift, the bigger and more lavish it is the better!
True
False
Clients tend to frown upon getting handwritten notes because they are boring and thoughtless.
True
False
____________ refers to the obligation that individuals or businesses have to help solve social problems.
Social responsibility
Corporate governance
Risk management
Strategic planning
___________ are individuals or groups who are affected by or can affect a company's actions, decisions, or policies.
Shareholders
Stakeholders
Entrepreneurs
Employees
Which of the following is NOT an internal stakeholder?
Employees
Managers
Suppliers
Owners
A(n) ____________ is a process that evaluates how well a company is fulfilling its social responsibility goals and ethical practices.
environmental assessment
compliance review
quality control
social audit
Which is NOT one of the ways companies measure social responsiveness?
Stock Prices and Market Shares
Philanthropy and Volunteering
Environmental Awareness
Diversity and Quality of Work Life
