BUSINESS ETHICS FBLA QUESTIONS
WITH CORRECT ANSWERS 2026-2027
Accountability - CORRECT ANSWER -
refers to how closely workplace decisions are aligned with a firm's strategic direction
Oversight* - CORRECT ANSWER -
provides a system of checks and balances that limits employees and minimizes opportunities fo
r misconduct
Federal Sentencing Guidelines for Organizations* - CORRECT ANSWER -
standards and procedures capable of detecting and preventing misconduct:
-high level of oversignt
- care in delegation of authority
- systems to monitor, audit, and report misconduct
Audit - CORRECT ANSWER -
a methodical examination or review of a condition or situation. also, a review of the accountin
g practices of a company made by a CPA
Primary stakeholder* - CORRECT ANSWER -
those whose continued association is necessary for a firm's survival
Secondary stakeholder* - CORRECT ANSWER -
those who are not essential to a company's survival (media, trade, associations, etc.)
Stakeholder orientation - CORRECT ANSWER -
the degree to which a firm understands and addresses stakeholder demands.
-3 activities: generation of data, distribution of info., organization's responsiveness
, Stakeholder - CORRECT ANSWER -
those who have a stake or claim in some aspect of a company's products, operations, markets,
industry, and outcomes.
Stakeholder framework - CORRECT ANSWER -
helps identify internal and external stakeholders. helps monitor and respond to the needs, valu
es, and expectations of stakeholder groups
EEOC (Equal Employment Opportunity Commission)* - CORRECT ANSWER -
agency charged with investigating discrimination claims
ADEA (Age Discrimination in Employment Act)* - CORRECT ANSWER -
prohibits discrimination against employees of 40 years of age or older. the discrimination is con
sidered "wrong" unless the victim is doing unsatisfactory in job
ADA (Americans with Disabilities Act)* - CORRECT ANSWER -
Prohibits discrimination against disabled workers.
Protects employees and applicants.
Does not protect those who cannot do the job in question. the person must perform essential
functions (core duties of the position).
Protects those who may do the work with reasonable accommodation.
Companies with 15 or more employees.
The disability must substantially limit a major life activity
FMLA (Family Medical Leave Act)* - CORRECT ANSWER -
Employers with 50+ employees must allow leave to employees under certain conditions:
a) child care after birth
b) care of ill family member
c) employee has serious health condition
WITH CORRECT ANSWERS 2026-2027
Accountability - CORRECT ANSWER -
refers to how closely workplace decisions are aligned with a firm's strategic direction
Oversight* - CORRECT ANSWER -
provides a system of checks and balances that limits employees and minimizes opportunities fo
r misconduct
Federal Sentencing Guidelines for Organizations* - CORRECT ANSWER -
standards and procedures capable of detecting and preventing misconduct:
-high level of oversignt
- care in delegation of authority
- systems to monitor, audit, and report misconduct
Audit - CORRECT ANSWER -
a methodical examination or review of a condition or situation. also, a review of the accountin
g practices of a company made by a CPA
Primary stakeholder* - CORRECT ANSWER -
those whose continued association is necessary for a firm's survival
Secondary stakeholder* - CORRECT ANSWER -
those who are not essential to a company's survival (media, trade, associations, etc.)
Stakeholder orientation - CORRECT ANSWER -
the degree to which a firm understands and addresses stakeholder demands.
-3 activities: generation of data, distribution of info., organization's responsiveness
, Stakeholder - CORRECT ANSWER -
those who have a stake or claim in some aspect of a company's products, operations, markets,
industry, and outcomes.
Stakeholder framework - CORRECT ANSWER -
helps identify internal and external stakeholders. helps monitor and respond to the needs, valu
es, and expectations of stakeholder groups
EEOC (Equal Employment Opportunity Commission)* - CORRECT ANSWER -
agency charged with investigating discrimination claims
ADEA (Age Discrimination in Employment Act)* - CORRECT ANSWER -
prohibits discrimination against employees of 40 years of age or older. the discrimination is con
sidered "wrong" unless the victim is doing unsatisfactory in job
ADA (Americans with Disabilities Act)* - CORRECT ANSWER -
Prohibits discrimination against disabled workers.
Protects employees and applicants.
Does not protect those who cannot do the job in question. the person must perform essential
functions (core duties of the position).
Protects those who may do the work with reasonable accommodation.
Companies with 15 or more employees.
The disability must substantially limit a major life activity
FMLA (Family Medical Leave Act)* - CORRECT ANSWER -
Employers with 50+ employees must allow leave to employees under certain conditions:
a) child care after birth
b) care of ill family member
c) employee has serious health condition
