Business Ethics and Government Regulation-4
Quiz by Laura Bookbinder
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36 questions
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- Q1_______________________encourages competition in the marketplace and prevents unfair business practices such as false advertising, deceptive pricing, and misleading labeling.Code of EthicsMonopolySocial ResponisbilityAntitrust Laws30s
- Q2______________________ is the duty of a business to contribute to the well-being of society.Code of ethicsConflict of interestBusiness ethicsSocial responsibility30s
- Q3A _______________________ company that controls all production and sales of a particular product or servicepublic utilitymonopolyantitrustlimited partnership30s
- Q4A _________________ is a name, symbol, or other device identifying a product; it is officially registered with the U.S. government and its use is legally restricted to its ownerpatentdesign righttrademarkcopyright30s
- Q5A __________________ is an organization that supplies a service or product vital to all people including companies that provide local telephone service, water, and electricity.proprietorshippublic utilitymonopolypartnership30s
- Q6A _________________________ is a set of rules for guiding actions of employees or members of an organizationcopyrightcontractcode of ethicssocial responsibility30s
- Q7A __________________ is an agreement to exchange goods or services for something of value, usually moneycode of ethicscopyrightpublic utiltiycontract30s
- Q8Rules about how businesses and their employees ought to behave are refered to as _______________.corporate social responsibilitybusiness ethicsconflict of interestmorals and values30s
- Q9A license that gives the inventor the exclusive right to make, use, or sell an invention for 20 years is called a____________________.design righttrademarkcopyrightpatent30s
- Q10What type of resource that cannot be replaced when used up ?nonrenewable resourceshuman resourcescaptial resourcesnatural resource30s
- Q11___________________ protects the creative work of authors’, composer and artistic and lasts for the life of the person plus 70 years after the death of the creator of the property.PatentCopyrightDesign rightsTrademark30s
- Q12Principles of morality or conduct are called __________________.code of ethicsvaluesethicsbusiness ethics30s
- Q13Situation in which an employee must choose between a business's welfare and personal gain is called __________________________a antitrust violationsocial responsiblityconflict of interesta violation of business ethics30s
- Q14Lumber is an example of a nonrenewable resource.falsetrueTrue or False30s
- Q15OSHA is a federal agency that regulates workplace safety standards.truefalseTrue or False30s