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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
instead of payment of taxes.
B
to encourage business deals.
C
in lieu of wages.
D
as bonuses to managers.
2) A conflict of interest is a conflict between self-interest and
A
another person’s self-interest.
B
unfair practices.
C
professional obligation.
D
a personal obligation.
3) The following are examples of conflicts of interest except
A
a business hiring an accounting firm to oversee record-keeping.
B
a principal hiring her husband to teach at her school.
C
a judge hearing a case defended by his former law-firm partner.
D
an elected official awarding a contract to his business partner.
4) Most businesses are committed to
A
providing safe products.
B
being truthful about their financial situation.
C
all of the above
D
treating employees fairly.
5) Some firms limit the damage they do to the environment by
A
using renewable energy sources.
B
using recycled or recyclable paper.
C
installing filtration systems to reduce air pollutants.
D
any of the above
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
Sarbanes-Oxley Act.
B
Taft-Wheeley Act.
C
Feinstein-Frist Act.
D
Kennedy-DeLay Act.
7) An example of an ethical business practice would be
A
false advertising.
B
keeping accurate financial records.
C
requiring employees to work on holidays.
D
not paying overtime to workers.
8) Which statement is most true?
A
All businesses have the same ethical standards.
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
Whatever it takes to win is a good business practice.
9) OSHA stands for
A
Occupational Safety and Health Agency.
B
Occupational Site and Health Administration.
C
Occupational Safety Agency.
D
Occupational Safety and Health Administration.
10) The Triangle Shirtwaist Factory fire resulted in
A
increased immigrant labor.
B
improved working conditions.
C
better product design.
D
longer working hours.
11) Unethical treatment of employees includes all of the following except
A
inadequately compensating employees.
B
establishing no maternity leave policy.
C
rewarding good employees with salary incentives.
D
treating employees unfairly.
12) The best example of a sustainable development would be
A
developing a new way to burn coal.
B
drilling for oil in the ocean.
C
using recycled materials to build housing.
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
OSHA.
B
FDA.
C
CPSC.
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 deserve higher pay than women.
C
Women deserve more pay than men.
D
Men and women receive equal pay for equal work.
15) Keeping inaccurate accounting records is
A
unethical and legal.
B
deceptive but not illegal.
C
unethical and illegal.
D
a good business practice.
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
vision quest
B
responsibility
C
social action
D
none of these
19) A shop or factory in which workers are employed for long hours at low wages and under unhealthy conditions is called
A
Nike
B
Sweatshop
C
Walmart
D
sweatshirt
20) A set of guidelines for maintaining ethics in the workplace is called
A
morse code
B
code of the tribe
C
code of ethics
D
none of these
*select an answer for all questions
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