WorksheetsExhibiting Ethical & Lawful Practices
Total questions: 45
Worksheet time: 23mins
The role of the legal system in business is to:
Ensure fair practices and resolve disputes
Increase business profits
Eliminate competition
Promote only large corporations
Understand how employees are protected in the workplace.
Through workplace safety regulations and labor laws.
By ignoring safety protocols.
By allowing discrimination.
By not providing training.
Differentiate ethical, moral, and legal choices in business situations.
Ethical choices are based on professional standards, moral choices are based on personal values, and legal choices are based on laws and regulations.
Ethical choices are always illegal, moral choices are always unethical, and legal choices are always immoral.
Ethical, moral, and legal choices are all the same in business situations.
Ethical choices are based on laws, moral choices are based on company policy, and legal choices are based on personal beliefs.
What is one role of the legal system in business? (Fill in the blank) The role of the legal system in business is to ensure ________, preserve property rights, and resolve disputes.
fairness
profitability
competition
growth
Which of the following is NOT a regulation that affects businesses?
Administrative law
Antitrust laws
Intellectual property law
Traffic laws
The judicial system is involved in ________ and litigation to resolve when two businesses disagree.
lawsuits
contracts
negotiations
mergers
A businessperson can be subject to fines or ________ time for breaking the law.
prison
office
holiday
meeting
Intellectual property law is a regulation that affects businesses.
True
False
Antitrust Laws – ________ such as fixing prices or pursuing certain merges and acquisitions (Sherman Act, FTC Act, Clayton Act).
Prevent unfair competition
Encourage monopolies
Support price fixing
Promote mergers without regulation
Administrative Laws – ________ (FTC, SEC, EPA) to regulate businesses.
Create government agencies
Elect government officials
Enforce criminal laws
Write tax codes
Environmental Laws – ________ by regulating things like fuel emissions, pesticide use, etc.
Protect human health and the environment
Increase industrial profits
Encourage deforestation
Promote unrestricted chemical use
Ecommerce Laws – ________.
Influence how businesses operate online.
Are only applicable to physical stores.
Do not affect digital transactions.
Are irrelevant to consumer protection.
Tax Laws – ________ on income to pay for services to people and the economy.
Require businesses to pay taxes
Allow businesses to avoid taxes
Encourage businesses to invest profits
Prohibit businesses from earning income
Consumer Protection Laws – ________ (Consumer Bill of Rights).
Protect people who consume goods from fraud
Regulate the production of goods
Support business owners against competition
Encourage export of domestic products
Match the Labor and Compensation Law with its correct Business Application:
Businesses must allow employees a leave of absence for family situations such as the birth of a child, medical conditions, or care of a family member.
Family and Medical Leave Act
Businesses must give 60 days notice to certain plant workers before letting them go so workers have time to find a new job.
Worker Adjustment and Retraining Notification Act
Businesses have to pay workers fair wages for their work, including adhering to standards of minimum wage, overtime pay, and child labor.
Fair Labor Standards Act
Which law requires businesses to allow employees a leave of absence for family situations such as the birth of a child, medical conditions, or care of a family member?
Fair Labor Standards Act
Worker Adjustment and Retraining Notification Act
Family and Medical Leave Act
Businesses must give 60 days notice to certain plant workers before letting them go so workers have time to find a new job. Which law does this describe?
Family and Medical Leave Act
Worker Adjustment and Retraining Notification Act
Fair Labor Standards Act
Fill in the blank: The Fair Labor Standards Act requires businesses to pay workers _______ for their work, including adhering to standards of minimum wage, overtime pay, and child labor.
fair wages
bonuses
tips only
commission
What does the Occupational Safety and Health Administration (OSHA) encourage employers to do?
Increase employee salaries
Maintain accident-free workplaces
Reduce working hours
Provide free meals
The US Equal Opportunity Employment Commission (EEOC) is intended to ensure all people have the ability to ______, advance, and thrive in the workplace.
work
rest
travel
retire
Employers must not discriminate against people based on race, religion, sex, national origin, age, disability, or genetic information.
True
False
Fill in the blank: A tort occurs when a business does ________ that could cause harm to one of its employees.
something
nothing
everything
anything
Fill in the blank: Businesses are held ________ for torts, meaning that legal issues can affect operations because businesses can be sued.
liable
responsible
immune
exempt
Which type of tort is a wrongdoing that happens on purpose, such as assault or fraud?
Intentional
Negligent
Strict liability
Which type of tort stems directly from not taking proper precautions, such as lack of caution and safety?
Intentional
Negligent
Strict liability
Which type of tort occurs when a person or business causes damage without being negligent or intending to cause harm, such as owning dangerous animals?
Intentional
Negligent
Strict liability
Fill in the blank: A ______ is a legally binding document involving two or more parties.
contract
letter
invoice
memo
Which of the following is a purpose of a contract?
A) Establish an agreement
B) Make a profit
C) Avoid responsibilities
D) Ignore legal rights
Which of the following is a purpose of a contract?
A) Communicate rights and responsibilities
B) Hide information
C) Break agreements
D) Avoid accountability
Which of the following is a purpose of a contract?
A) Protect people and businesses
B) Harm competitors
C) Increase confusion
D) Ignore legal obligations
Which of the following is a purpose of a contract?
A) Hold persons accountable for actions
B) Allow for dishonesty
C) Avoid responsibility
D) Ignore agreements
Which type of contract shows that a sale has been made?
Lease contract
Employment contract
Sales contract
General business contract
A ________ enables one party to pay another for the temporary use of a good.
Lease
Gift
Sale
Loan
Employment contracts are agreements between a business and an ________ about the terms of employment.
employee
employer
customer
supplier
General business contracts outline procedures involving large-scale ________ operations.
business
agricultural
medical
educational
What is a code of ethics in business? Fill in the blank: A code of ethics is a document that details how business is to be ________ with honesty and integrity.
conducted
ignored
delayed
complicated
What does a code of conduct set for employees? Fill in the blank: A code of conduct is a set of ________ regarding how employees should behave to avoid acting illegally or unethically.
expectations
punishments
rewards
instructions
Fill in the blank: Employees can practice ethical behavior by demonstrating ________ behavior.
responsible
careless
dishonest
irresponsible
unethical
Fill in the blank: Employees can practice ethical behavior by demonstrating ________ and integrity.
honesty
ambition
carelessness
indifference
Fill in the blank: Employees can practice ethical behavior by demonstrating ________ work habits.
ethical
lazy
dishonest
careless
unreliable
Fill in the blank: Employees can practice ethical behavior by taking ________ for decisions and actions.
responsibility
credit
advantage
permission
Fill in the blank: Employees can practice ethical behavior by managing ________ in a timely manner.
commitments
vacations
complaints
meetings
Fill in the blank: ________ is the legal right of a creator to use or sell a work they have created. Copyright signifies that others must have permission to use the work.
Copyright
Trademark
Patent
License
Fill in the blank: ________ is the legal right to be the sole producer of a product.
Patent
Copyright
Trademark
License
Fill in the blank: ________ protects symbols, words, and phrases that are unique to a product or company.
Trademark
Copyright
Patent
Trade Secret
