BMGT 1341 Exam 4 UPDATED ACTUAL
Exam Questions and CORRECT Answers
A prime social responsibility of business is to safeguard consumers: - CORRECT
ANSWER - While continuing to supply them with goods and services they want.
A goal of the consumer movement is to make consumer power: - CORRECT ANSWER -
An effective counterbalance to the rights and powers of firms that sell goods and services.
The act that requires lenders to inform borrowers of the annual rate of interest to be charged, plus
related fees and services charges is called: - CORRECT ANSWER - The Truth in Lending
Act
In the United States, which of the following agencies enforces the laws prohibiting descriptive
advertising - CORRECT ANSWER - Federal Trade Commission
The law requiring that toys an infant products be tested before sale is called the: - CORRECT
ANSWER - Consumer Product Safety Improvement Act
Manufactures making false or misleading claims about a competitor's product is: - CORRECT
ANSWER - Illegal and unethical
The main responsibility of the National Highway Traffic Safety Administration is to: -
CORRECT ANSWER - Set motor vehicle safety standards
Under what legal doctrine does a firm bear legal responsibility for injuries cause by something it
made or sold, whether or not it was negligent or breached a warrant? - CORRECT
ANSWER - Strict liability
, Under proposals to establish uniform federal standards for determining liability: - CORRECT
ANSWER - Companies would not have to go through repeated trials on the same charges
in different states
One alternative to product liability lawsuits is called: - CORRECT ANSWER - Alternative
dispute resolution
Employees in the United States have a legal right to: - CORRECT ANSWER - Organize
and bargain collectively &A safe and healthy workplace
Where are workers not permitted to form independent unions? - CORRECT ANSWER -
United States & Communist countries
During the 1930's, many workers in the United States joined unions, and the ranks of organized
labor grew rapidly. This historical period was called: - CORRECT ANSWER - The New
Deal
According to the US Department of Labor: - CORRECT ANSWER - Annually, more than
3 million workers in private industry are hurt or become ill on the job & More than three out of
every 100 workers are hurt or become ill on the job annually.
Which of the following led to the significant corporate restructuring and downsizing? -
CORRECT ANSWER - Fierce global competition & Emphasizing on improving the
"bottom line"
A reason for an increase in employee monitoring does not include: - CORRECT
ANSWER - To reduce the employer's health insurance premiums
Which of the following is not an argument favoring employee drug testing? - CORRECT
ANSWER - It is an intrusion on individual privacy.
Exam Questions and CORRECT Answers
A prime social responsibility of business is to safeguard consumers: - CORRECT
ANSWER - While continuing to supply them with goods and services they want.
A goal of the consumer movement is to make consumer power: - CORRECT ANSWER -
An effective counterbalance to the rights and powers of firms that sell goods and services.
The act that requires lenders to inform borrowers of the annual rate of interest to be charged, plus
related fees and services charges is called: - CORRECT ANSWER - The Truth in Lending
Act
In the United States, which of the following agencies enforces the laws prohibiting descriptive
advertising - CORRECT ANSWER - Federal Trade Commission
The law requiring that toys an infant products be tested before sale is called the: - CORRECT
ANSWER - Consumer Product Safety Improvement Act
Manufactures making false or misleading claims about a competitor's product is: - CORRECT
ANSWER - Illegal and unethical
The main responsibility of the National Highway Traffic Safety Administration is to: -
CORRECT ANSWER - Set motor vehicle safety standards
Under what legal doctrine does a firm bear legal responsibility for injuries cause by something it
made or sold, whether or not it was negligent or breached a warrant? - CORRECT
ANSWER - Strict liability
, Under proposals to establish uniform federal standards for determining liability: - CORRECT
ANSWER - Companies would not have to go through repeated trials on the same charges
in different states
One alternative to product liability lawsuits is called: - CORRECT ANSWER - Alternative
dispute resolution
Employees in the United States have a legal right to: - CORRECT ANSWER - Organize
and bargain collectively &A safe and healthy workplace
Where are workers not permitted to form independent unions? - CORRECT ANSWER -
United States & Communist countries
During the 1930's, many workers in the United States joined unions, and the ranks of organized
labor grew rapidly. This historical period was called: - CORRECT ANSWER - The New
Deal
According to the US Department of Labor: - CORRECT ANSWER - Annually, more than
3 million workers in private industry are hurt or become ill on the job & More than three out of
every 100 workers are hurt or become ill on the job annually.
Which of the following led to the significant corporate restructuring and downsizing? -
CORRECT ANSWER - Fierce global competition & Emphasizing on improving the
"bottom line"
A reason for an increase in employee monitoring does not include: - CORRECT
ANSWER - To reduce the employer's health insurance premiums
Which of the following is not an argument favoring employee drug testing? - CORRECT
ANSWER - It is an intrusion on individual privacy.
