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Intro to Business Unit 2

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Question 1

Question
Keeping inaccurate accounting records is____________?
Answer
  • a. good business practice
  • b. unethical and illegal
  • c. deceptive but not illegal
  • d. unethical and legal

Question 2

Question
The United States economy is shaped by a mix of public and private forces.
Answer
  • True
  • False

Question 3

Question
When 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?
Answer
  • a. survey
  • b. number of people who get laid off
  • c. number of people who file for unemployment
  • d. number of people in the world minus the number of workers

Question 4

Question
Economies rely on both the present and past inventions from previous economies to make it the best possible economy.
Answer
  • True
  • False

Question 5

Question
An example of an ethical business practice would be what?
Answer
  • a. not paying overtime to workers
  • b. requiring employees to work on holidays
  • c. keeping accurate financial records
  • d. false advertising

Question 6

Question
Name three of the five Economic Indicators that the Government uses to decide where the Economy is in the Business Cycle.
Answer
  • GDP, Standard of Living, Unemployment Rate, Rate of Inflation, and National Debt
  • c

Question 7

Question
Two people that have comparable job responsibilities and work experience are required by what Act to be paid the same?
Answer
  • Environmental Protection Agency (EPA)
  • Equal Pay Act (EPA
  • Sarbenes-Oxley Act
  • American with Disabilities Act (ADA)

Question 8

Question
American's with Disabilities Act protect people that are physically disabled but not mentally disabled.
Answer
  • True
  • False

Question 9

Question
Which of the following is things a person can do that will show good ethics in the workplace?
Answer
  • a. requiring the employees to work on holidays
  • b. recycles paper
  • c. false advertising
  • d. steal from the company

Question 10

Question
How does a company know if they have unethical employees working in their company?
Answer
  • a. competitors will spy on them
  • b. they police themselves
  • c. FBI will let them know
  • d. Better Business Bureau

Question 11

Question
What is the main source of income for the government?
Answer
  • Taxes
  • c

Question 12

Question
When unemployment is low, the economy is doing well.
Answer
  • True
  • False

Question 13

Question
The United States has a very high GDP compared to some countries, but it has a low standard of living.
Answer
  • True
  • False

Question 14

Question
The name of the Company that went bankrupt due to their unethical behavior in late 1990s and early 2000s.
Answer
  • Enron
  • c

Question 15

Question
Billy 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.
Answer
  • True
  • False

Question 16

Question
Economic indicators measure what?
Answer
  • a. all of the other answers are correct
  • b. whether its economy is growing
  • c. how the country compares to others
  • d. how much a country is producing

Question 17

Question
The 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?
Answer
  • a. EPA
  • b. OSHA
  • c. all of the other answers are correct
  • d. EEOC

Question 18

Question
Give one example of a question a person might consider when making an ethical decision?
Answer
  • Is 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?
  • c

Question 19

Question
Andy 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?
Answer
  • 50,000/250,000=.2 x 100=20%
  • v

Question 20

Question
What government organization protects the rights of the employees when dealing with their safety on the job, pay, number of hours worked, and emergency plans?
Answer
  • a. OSHA
  • b. EPA
  • c. State Laws
  • d. EEOC

Question 21

Question
This occurs when gifts, money, or favors are offered to encourage a business deal
Answer
  • Ethics
  • Social Responsibility
  • Deflation
  • Business Ethics
  • Sweatshop
  • Bribery
  • Inflation
  • Business Cycle
  • Code of Ethics
  • Conflict in Interest

Question 22

Question
A conflict in between self-interest and professional obligation.
Answer
  • Conflict in Interest
  • v

Question 23

Question
A place of employment that the employees are employed for long hours at low wages.
Answer
  • Sweatshop
  • v

Question 24

Question
Rules about how businesses and their employees ought to behave
Answer
  • Business Ethics
  • Code of Ethics
  • Ethics

Question 25

Question
A statement of values and rules that guides the behavior of employees or members of an organization.
Answer
  • Business Ethics
  • Code of Ethics
  • Ethics

Question 26

Question
These are principles of morality or rules of conduct.
Answer
  • Ethics
  • Business Ethics
  • Code of Ethics

Question 27

Question
This is the duty to do what is best for society.
Answer
  • Social Responsibility
  • c

Question 28

Question
The general decrease in price of goods and services
Answer
  • Deflation
  • Inflation

Question 29

Question
The general increase in the price of goods and services.
Answer
  • Deflation
  • Inflation

Question 30

Question
The rise and fall of economic activity over time.
Answer
  • Business Cycle
  • c

Question 31

Question
When 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?
Answer
  • a. venture business
  • b. sweatshop
  • c. family owned business
  • d. factory

Question 32

Question
Which of the following things can the government NOT use a budget surplus for?
Answer
  • a. increase funding in other programs
  • b. defer the cost of private education
  • c. lower taxes
  • d. reduce the national debt

Question 33

Question
Why is it important for the government officials to figure out Gross Domestic Product (GDP)?
Answer
  • a. measures how many products have been sold
  • b. measure products that other people need to make
  • c. measures the number of products
  • d. measures the item being produced

Question 34

Question
The government agency monitors discrimination in age, disability, race, and gender. This can apply to firing, hiring, or promotions
Answer
  • OSHA
  • all of the other answers are correct
  • EPA
  • EEOC

Question 35

Question
The government agency that monitors endangered species, hazardous waste, land, air, among other things is what agency?
Answer
  • a. all of the other answers are correct
  • EPA
  • EEOC
  • OSHA

Question 36

Question
The 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?
Answer
  • both OSHA and Environmental Protection Agency (EPA)
  • EPA
  • EEOC
  • OSHA

Question 37

Question
Bribery occurs when gifts, money, or favors are offered?
Answer
  • a. instead of payment of taxes
  • b. to encourage business deals
  • c. as bonus to managers
  • d. in lieu of wages

Question 38

Question
In the United States how would a person’s standard of living be measured?
Answer
  • a. amount of goods owned
  • b. how big a person’s house is
  • c. how many items that they have
  • d. income divided by expenses

Question 39

Question
What government agency monitors companies water and air quality that they put off into the environment.
Answer
  • a. EPA
  • b. EEOC
  • c. none of the other answers are correct
  • d. OSHA

Question 40

Question
The ethical conduct that a business for the most part has been determined by who or what?
Answer
  • upper management
  • b. customers
  • c. type of merchandise
  • d. all employees

Question 41

Question
What 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.
Answer
  • FTC
  • EEOC
  • OSHA
  • EPA

Question 42

Question
Which of the following is NOT an ethical decision that an employee might have to face at work?
Answer
  • bribery
  • b. conflict of interest
  • lying
  • deficit

Question 43

Question
Unemployment is low, production of goods and services is high, and new businesses open.
Answer
  • Prosperity
  • Recovery
  • Recession
  • Depression

Question 44

Question
Businesses produce less, need fewer workers, unemployment rate increases, and people have less money to spend.
Answer
  • Prosperity
  • Recovery
  • Recession
  • Depression

Question 45

Question
Many people go back to work and have money to purchase goods and services. This in affect raises the GDP.
Answer
  • Prosperity
  • Recovery
  • Recession
  • Depression

Question 46

Question
High unemployment. low production of goods and services, and unused manufacturing facilities.
Answer
  • Prosperity
  • Recovery
  • Recession
  • Depression

Question 47

Question
In the second to last question, the person's name (Andy Dufresne) comes from what 1994 movie?
Answer
  • Shawshank Redemption
  • c

Question 48

Question
Which of the following things might a business deem to be unethical conduct at work?
Answer
  • a. all the other answers are correct
  • b. browsing the Internet
  • c. personal phone calls
  • d. stealing from the company

Question 49

Question
Unethical treatment of employees includes all of the following except what?
Answer
  • a. rewarding good employees with salary incentives
  • b. treating employees unfairly
  • c. inadequately compensating employees
  • d. establishing no maternity leave policy

Question 50

Question
The economy has to go through all four stages of the business cycle in order with no interruptions.
Answer
  • True
  • False
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