Quiz
Intro to Business Unit 2
Questions in this quiz (50)
1Keeping inaccurate accounting records is____________?
- Aa. good business practice
- Bb. unethical and illegal
- Cc. deceptive but not illegal
- Dd. unethical and legal
2The United States economy is shaped by a mix of public and private forces.
- ATrue
- BFalse
3When the government is trying to figure out the unemployment rate, the government first has to find out how many people are unemployed. How can the government figure out how many people are currently unemployed?
- Aa. survey
- Bb. number of people who get laid off
- Cc. number of people who file for unemployment
- Dd. number of people in the world minus the number of workers
4Economies rely on both the present and past inventions from previous economies to make it the best possible economy.
- ATrue
- BFalse
5An example of an ethical business practice would be what?
- Aa. not paying overtime to workers
- Bb. requiring employees to work on holidays
- Cc. keeping accurate financial records
- Dd. false advertising
6Name three of the five Economic Indicators that the Government uses to decide where the Economy is in the Business Cycle.
- AGDP, Standard of Living, Unemployment Rate, Rate of Inflation, and National Debt
- Bc
7Two people that have comparable job responsibilities and work experience are required by what Act to be paid the same?
- AEnvironmental Protection Agency (EPA)
- BEqual Pay Act (EPA
- CSarbenes-Oxley Act
- DAmerican with Disabilities Act (ADA)
8American's with Disabilities Act protect people that are physically disabled but not mentally disabled.
- ATrue
- BFalse
9Which of the following is things a person can do that will show good ethics in the workplace?
- Aa. requiring the employees to work on holidays
- Bb. recycles paper
- Cc. false advertising
- Dd. steal from the company
10How does a company know if they have unethical employees working in their company?
- Aa. competitors will spy on them
- Bb. they police themselves
- Cc. FBI will let them know
- Dd. Better Business Bureau
11What is the main source of income for the government?
- ATaxes
- Bc
12When unemployment is low, the economy is doing well.
- ATrue
- BFalse
13The United States has a very high GDP compared to some countries, but it has a low standard of living.
- ATrue
- BFalse
14The name of the Company that went bankrupt due to their unethical behavior in late 1990s and early 2000s.
- AEnron
- Bc
15Billy has better qualifications which include a college degree than Paul who has no college degree. Billy and Paul are going for the same job but Billy is twenty years older. A company can hire Paul and it will be acceptable to the EEOC.
- ATrue
- BFalse
16Economic indicators measure what?
- Aa. all of the other answers are correct
- Bb. whether its economy is growing
- Cc. how the country compares to others
- Dd. how much a country is producing
17The government agency that makes sure all companies are in compliance with standards which include making sure employees have proper training on equipment, using proper safety equipment when required?
- Aa. EPA
- Bb. OSHA
- Cc. all of the other answers are correct
- Dd. EEOC
18Give one example of a question a person might consider when making an ethical decision?
- AIs it against the law or does it violate company policy?
Is everyone doing it? How do I feel if they did it to me?
Am I sacrificing long-term benefits or short-term goals? - Bc
- AIs it against the law or does it violate company policy?
19Andy Dufresne transferred from his math teaching job to statistical analysis for the unemployment office. His first job is to figure out what unemployment rate is for the month of August. The data that he has on his desk is the following: number of people employed is 200,000, number of people unemployed who are collecting unemployment checks is 50,000, and the number of people retired is 15,000. What is the unemployment rate for August?
- A50,000/250,000=.2 x 100=20%
- Bv
20What government organization protects the rights of the employees when dealing with their safety on the job, pay, number of hours worked, and emergency plans?
- Aa. OSHA
- Bb. EPA
- Cc. State Laws
- Dd. EEOC
21This occurs when gifts, money, or favors are offered to encourage a business deal
- AEthics
- BSocial Responsibility
- CDeflation
- DBusiness Ethics
- ESweatshop
- FBribery
- GInflation
- HBusiness Cycle
- ICode of Ethics
- JConflict in Interest
22A conflict in between self-interest and professional obligation.
- AConflict in Interest
- Bv
23A place of employment that the employees are employed for long hours at low wages.
- ASweatshop
- Bv
24Rules about how businesses and their employees ought to behave
- ABusiness Ethics
- BCode of Ethics
- CEthics
25A statement of values and rules that guides the behavior of employees or members of an organization.
- ABusiness Ethics
- BCode of Ethics
- CEthics
26These are principles of morality or rules of conduct.
- AEthics
- BBusiness Ethics
- CCode of Ethics
27This is the duty to do what is best for society.
- ASocial Responsibility
- Bc
28The general decrease in price of goods and services
- ADeflation
- BInflation
29The general increase in the price of goods and services.
- ADeflation
- BInflation
30The rise and fall of economic activity over time.
- ABusiness Cycle
- Bc
31When someone is hiding workers from the government because they are doing something illegally like not pay them enough money or the workers are too young to be working. These people probably working in what type of environment?
- Aa. venture business
- Bb. sweatshop
- Cc. family owned business
- Dd. factory
32Which of the following things can the government NOT use a budget surplus for?
- Aa. increase funding in other programs
- Bb. defer the cost of private education
- Cc. lower taxes
- Dd. reduce the national debt
33Why is it important for the government officials to figure out Gross Domestic Product (GDP)?
- Aa. measures how many products have been sold
- Bb. measure products that other people need to make
- Cc. measures the number of products
- Dd. measures the item being produced
34The government agency monitors discrimination in age, disability, race, and gender. This can apply to firing, hiring, or promotions
- AOSHA
- Ball of the other answers are correct
- CEPA
- DEEOC
35The government agency that monitors endangered species, hazardous waste, land, air, among other things is what agency?
- Aa. all of the other answers are correct
- BEPA
- CEEOC
- DOSHA
36The Triangle Shirtwaist Factory Company had a tragedy in where 146 workers died because the factory was on fire. The factory did not have enough exits and the working conditions were very inadequate. After this occurred the government started what government agency so something like this would not happen again?
- Aboth OSHA and Environmental Protection Agency (EPA)
- BEPA
- CEEOC
- DOSHA
37Bribery occurs when gifts, money, or favors are offered?
- Aa. instead of payment of taxes
- Bb. to encourage business deals
- Cc. as bonus to managers
- Dd. in lieu of wages
38In the United States how would a person’s standard of living be measured?
- Aa. amount of goods owned
- Bb. how big a person’s house is
- Cc. how many items that they have
- Dd. income divided by expenses
39What government agency monitors companies water and air quality that they put off into the environment.
- Aa. EPA
- Bb. EEOC
- Cc. none of the other answers are correct
- Dd. OSHA
40The ethical conduct that a business for the most part has been determined by who or what?
- Aupper management
- Bb. customers
- Cc. type of merchandise
- Dd. all employees
41What is the government agency that protects us from two businesses from merging together and this new business would have too much control of their industry and would be considered a monopoly.
- AFTC
- BEEOC
- COSHA
- DEPA
42Which of the following is NOT an ethical decision that an employee might have to face at work?
- Abribery
- Bb. conflict of interest
- Clying
- Ddeficit
43Unemployment is low, production of goods and services is high, and new businesses open.
- AProsperity
- BRecovery
- CRecession
- DDepression
44Businesses produce less, need fewer workers, unemployment rate increases, and people have less money to spend.
- AProsperity
- BRecovery
- CRecession
- DDepression
45Many people go back to work and have money to purchase goods and services. This in affect raises the GDP.
- AProsperity
- BRecovery
- CRecession
- DDepression
46High unemployment. low production of goods and services, and unused manufacturing facilities.
- AProsperity
- BRecovery
- CRecession
- DDepression
47In the second to last question, the person's name (Andy Dufresne) comes from what 1994 movie?
- AShawshank Redemption
- Bc
48Which of the following things might a business deem to be unethical conduct at work?
- Aa. all the other answers are correct
- Bb. browsing the Internet
- Cc. personal phone calls
- Dd. stealing from the company
49Unethical treatment of employees includes all of the following except what?
- Aa. rewarding good employees with salary incentives
- Bb. treating employees unfairly
- Cc. inadequately compensating employees
- Dd. establishing no maternity leave policy
50The economy has to go through all four stages of the business cycle in order with no interruptions.
- ATrue
- BFalse
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