1Business Ethics Is The Application Of
1.
Business ethics is the application of legal and regulatory standards to business situations. a. True b. False 2.
Misleading advertising in print or television is illegal as well as unethical. a. True b. False 3.
Cultural norms can play a part in a person's ethical or unethical behavior in the workplace. a. True b. False 4.
Regulations and laws were much stricter in the first quarter of the twentieth century than they are now. a. True b. False 5.
The Interstate Commerce Act was the first federal act to regulate business practices. a. True b. False 6.
A Latin phrase, caveat emptor, summarizes the vulnerable position that consumers were in the early 1900s. a. True b. False 7.
The EPA is a federal agency charged with enforcing laws intended to protect the environment. a. True b. False 8.
The consumer bill of rights was instituted by President Gerald Ford. a. True b. False 9.
The Food and Drug Administration has the power to force businesses that make or sell defective products to take corrective action. a. True b. False 10.
The EEOC has the power to investigate complaints of employment discrimination and can sue firms that practice discrimination. a. True b. False 11.
Which of the following government agencies issues guidelines on the use of labeling that advertisers have an obligation to follow? a. Sherman Antitrust Act b. Pure Food and Drug Act c. Clayton Antitrust Act /d. Fair Packaging and Labeling Act e. Federal Trade Commission 12.
The __________ investigates illegal trade practices. a. Sherman Antitrust Act b. EPA c. Consumer Product Safe Commission d. EEOC /e. Federal Trade Commission 13.
The __________ business sector fares relatively well in regard to environmental issues, worker conditions, and representation of minorities and women in upper management. a. automobile manufacturing b. airline manufacturing c. retail /d. high-tech and Internet-based
Business ethics is the application of legal and regulatory standards to business situations. a. True b. False 2.
Misleading advertising in print or television is illegal as well as unethical. a. True b. False 3.
Cultural norms can play a part in a person's ethical or unethical behavior in the workplace. a. True b. False 4.
Regulations and laws were much stricter in the first quarter of the twentieth century than they are now. a. True b. False 5.
The Interstate Commerce Act was the first federal act to regulate business practices. a. True b. False 6.
A Latin phrase, caveat emptor, summarizes the vulnerable position that consumers were in the early 1900s. a. True b. False 7.
The EPA is a federal agency charged with enforcing laws intended to protect the environment. a. True b. False 8.
The consumer bill of rights was instituted by President Gerald Ford. a. True b. False 9.
The Food and Drug Administration has the power to force businesses that make or sell defective products to take corrective action. a. True b. False 10.
The EEOC has the power to investigate complaints of employment discrimination and can sue firms that practice discrimination. a. True b. False 11.
Which of the following government agencies issues guidelines on the use of labeling that advertisers have an obligation to follow? a. Sherman Antitrust Act b. Pure Food and Drug Act c. Clayton Antitrust Act /d. Fair Packaging and Labeling Act e. Federal Trade Commission 12.
The __________ investigates illegal trade practices. a. Sherman Antitrust Act b. EPA c. Consumer Product Safe Commission d. EEOC /e. Federal Trade Commission 13.
The __________ business sector fares relatively well in regard to environmental issues, worker conditions, and representation of minorities and women in upper management. a. automobile manufacturing b. airline manufacturing c. retail /d. high-tech and Internet-based