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WorksheetsBB30 Objective 5 & 6: Workplace Employment Rights & Finance Law
Total questions: 35
Worksheet time: 18mins
Which term describes a company’s obligation to act with honesty, fairness, and integrity in workplace decisions?
Corporate espionage
Ethical responsibility
Administrative liability
Fiduciary breach
Which action is an example of an unethical labor practice?
Providing regular safety training
Rating employees using unbiased metrics
Discriminating in promotion decisions
Offering paid vacation benefits
The Fair Labor Standards Act establishes which workplace regulation?
Safety inspections
Minimum wage and overtime rules
Union election procedures
Employee privacy protections
What is the main purpose of OSHA?
Regulate financial transactions
Protect workers’ health and safety
Enforce bankruptcy rulings
Oversee retirement savings plans
Which practice violates ethical hiring standards?
Using job-related qualifications
Asking for protected personal information
Conducting structured interviews
Checking verified references
Which law prohibits workplace discrimination based on race, religion, or gender?
Clayton Act
Title VII of the Civil Rights Act
Magnuson-Moss Warranty Act
UETA
A business that inaccurately reports work hours to avoid overtime violates which type of law?
Environmental law
Tax law
Labor law
Tort law
What is a legal requirement of FMLA?
Provide unlimited paid leave
Provide up to 12 weeks of job-protected leave
Guarantee promotions
Eliminate employee premiums
Ethical compensation practices require employers to:
Pay employees based on friendships
Base wages on market value and legal standards
Change pay rates monthly
Exclude part-time employees from benefits
ERISA primarily regulates:
Workplace safety
Retirement and benefit plans
Anti-discrimination rules
Marketing regulations
An ethical concern in business finance is:
Transparent financial reporting
Hiding liabilities
Manipulating earnings
Using confidential financial data
Insider trading occurs when someone:
Sells unprofitable products
Trades securities using non-public info
Opens a business without a license
Exchanges goods without payment
Which agency oversees fairness in financial markets?
FDA
SEC
OSHA
USDA
Predatory lending is unethical because it:
Requires income verification
Charges fair rates
Misleads or exploits borrowers
Uses standard disclosure forms
The Truth in Lending Act requires lenders to:
Approve all loan applicants
Disclose credit terms clearly
Offer lowest rate
Accept collateral
Which is required under ECOA?
Provide free counseling
Avoid discrimination in lending
Report all loans
Require cosigners
Which agency enforces consumer lending laws?
FCC
CIA
CFPB
FEMA
Chapter 7 bankruptcy is:
Reorganization
Liquidation of non-exempt assets
Adjustment of farm loans
Repayment plan
Chapter 11 bankruptcy is for:
Corporations reorganizing debt
Farmers only
Individuals seeking liquidation
Government agencies
Chapter 12 bankruptcy is designed for:
Teachers
Restaurants
Family farmers and fishermen
Retail stores
Chapter 13 bankruptcy allows:
Selling all property
Repayment plan
Avoiding secured loans
Discharging debt w/o court
A conflict of interest occurs when an employee:
Follows policies
Has personal interests interfering with duties
Follows confidentiality
Attends training
Ethical workplace behavior includes:
Retaliating against whistleblowers
Falsifying records
Respecting coworkers and rules
Sharing confidential info
Which is a legal workplace accommodation?
Extended breaks
Modified schedules for disability
Unlimited sick leave
Ignoring standards
Harassment becomes unlawful when it:
Creates hostile environment
Occurs between coworkers
Happens off hours
Is unintentional
Ethical financial reporting means:
Withholding negative info
Following GAAP accurately
Manipulating earnings
Recording expenses as income
Inflating asset values violates:
Civil rights law
Accounting ethics
Trademark law
OSHA
FDIC’s primary role is to:
Regulate unions
Insure deposits
Supervise taxes
Enforce safety
Firing an employee for filing a safety complaint violates:
OSHA anti-retaliation
ECOA
SEC rules
Bankruptcy law
Which document protects union rights?
Wagner Act
Federal Reserve Act
Sarbanes–Oxley
Patriot Act
Ethical lending requires lenders to:
Omit fees
Provide truthful loan info
Increase rates without notice
Target vulnerable customers
A wage-and-hour violation occurs when an employer:
Schedules breaks
Misclassifies workers to avoid overtime
Conducts reviews
Offers health insurance
A whistleblower is someone who:
Leaves a company
Reports unethical behavior
Trains employees
Makes hiring decisions
Ethical benefit administration includes:
Withholding benefits
Explaining benefits clearly
Charging illegal fees
Changing benefits without notice
Compliance with financial regulation helps businesses:
Reduce wages
Maintain legal operations
Limit government
Gain unlimited profits
