D080 Unit 3 Test Study Guide Graded A 2023

A cruise ship employs over 200 workers over the course of 18 years. One worker describes terrible living conditions and the limited amount of food that employees are given to eat. Which labor convention is being violated by the employer? - The Maritime Labour What does Article 2 of the Uniform Commercial Code (UCC) govern? - The required conduct of both parties in accordance with the contract A company is concerned about source code theft of digital property. The company is reviewing a law that governs this behavior. Which law is being reviewed by this company? - Intellectual property An employee at the U.S. Patent and Trademark Office was casually talking to a friend who worked at Company XYZ. The patent office employee mentioned that a pending patent application for Company XYZ was about to be denied, and the decision would become public in a few days. The public release of the report was likely to result in a severe reduction in the stock price of the company. The friend who worked at Company XYZ then placed an online trade transaction to sell all shares of stock they owned in Company XYZ the next day. Which specific law passed by the U.S. Congress did the Company XYZ employee violate? - Sarbanes-Oxley Act (SOX) Which legislation is aimed at increasing ethical financial transparency in corporate America and affects foreign businesses that want to be listed on a U.S. stock exchange? - SOX An American employee is working in a Chinese firm in China and notices an ethical violation. The employee tells a colleague, who is Chinese, and the colleague advises the American employee to save face. What does the Chinese colleague mean by this advice? - Report only if directly asked if a violation occurred During a training session, the employees are asked to identify irregularities. Which activity should be identified? - An employee siphoning funds from the office account What is the term for the concept that people should purchase goods and services from organizations that match their own values and beliefs? - Ethical consumerism Which action should a company take to change consumer perceptions of the company's ethical standards due to a recent scandal? - Remedy negative events immediately with change