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Business Ethics
Test Description: Ethics in the Business World
Instructions: Answer all questions to get your test result.
1) Bribery occurs when gifts, money, or favors are offered
A
in lieu of wages.
B
instead of payment of taxes.
C
to encourage business deals.
D
as bonuses to managers.
2) A conflict of interest is a conflict between self-interest and
A
a personal obligation.
B
another person’s self-interest.
C
professional obligation.
D
unfair practices.
3) The following are examples of conflicts of interest except
A
an elected official awarding a contract to his business partner.
B
a business hiring an accounting firm to oversee record-keeping.
C
a judge hearing a case defended by his former law-firm partner.
D
a principal hiring her husband to teach at her school.
4) Most businesses are committed to
A
all of the above
B
providing safe products.
C
treating employees fairly.
D
being truthful about their financial situation.
5) Some firms limit the damage they do to the environment by
A
using renewable energy sources.
B
using recycled or recyclable paper.
C
any of the above
D
installing filtration systems to reduce air pollutants.
6) The legislation that mandates truthful financial reporting and makes the CEO more accountable for the actions of the financial managers of a firm is the
A
Feinstein-Frist Act.
B
Taft-Wheeley Act.
C
Kennedy-DeLay Act.
D
Sarbanes-Oxley Act.
7) An example of an ethical business practice would be
A
false advertising.
B
keeping accurate financial records.
C
not paying overtime to workers.
D
requiring employees to work on holidays.
8) Which statement is most true?
A
Whatever it takes to win is a good business practice.
B
Different businesses and industries have different ethical standards.
C
Bribery is considered an ethical practice in some U.S. companies but not in others.
D
All businesses have the same ethical standards.
9) OSHA stands for
A
Occupational Safety and Health Administration.
B
Occupational Safety and Health Agency.
C
Occupational Safety Agency.
D
Occupational Site and Health Administration.
10) The Triangle Shirtwaist Factory fire resulted in
A
longer working hours.
B
improved working conditions.
C
increased immigrant labor.
D
better product design.
11) Unethical treatment of employees includes all of the following except
A
treating employees unfairly.
B
establishing no maternity leave policy.
C
rewarding good employees with salary incentives.
D
inadequately compensating employees.
12) The best example of a sustainable development would be
A
drilling for oil in the ocean.
B
using recycled materials to build housing.
C
developing a new way to burn coal.
D
manufacturing a new type of SUV.
13) The federal agency that enforces the laws that protect consumers from dangerous or falsely advertised products is known by the acronym
A
FDA.
B
CPSC.
C
OSHA.
D
FTC.
14) Which statement is most true?
A
Some men and women receive equal pay for equal work, but most do not.
B
Men and women receive equal pay for equal work.
C
Women deserve more pay than men.
D
Men deserve higher pay than women.
15) Keeping inaccurate accounting records is
A
deceptive but not illegal.
B
unethical and illegal.
C
a good business practice.
D
unethical and legal.
16) Which is NOT an ethical question
A
Is it against the law?
B
Discover alternative actions?
C
Even if everyone is doing it, how would I feel if someone did this to me?
D
Am I sacrificing long-term benefits for short-term gains?
17) A conflict between self-interest and professional obligation is known as
A
conflict of interest
B
Occupational Safety and Health Administration
C
sweatshop
D
Ethical question
18) The duty to do what is best for the good of society is called
A
social action
B
none of these
C
responsibility
D
vision quest
19) A shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions is called
A
Sweatshop
B
Nike
C
Walmart
D
sweatshirt
20) A set of guidelines for maintaining ethics in the workplace is called
A
code of the tribe
B
code of ethics
C
none of these
D
morse code
*select an answer for all questions
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