ICCC Intro to Buss UPDATED FINAL EXAM
QUESTIONS AND CORRECT ANSWERS
An example of a good is - CORRECT ANSWERS a book.
a haircut.
a manicure.
lawn mowing.
education.
A;book
Since Maia moved to Nebraska, she is finding the can buy more with her money than she could
in Hawaii. Maia is experiencing an improvement in her - CORRECT ANSWERS NOT
earnings potential.
Patrice knows that investing her own money in a start up may be a mistake, but she believes she
can make it work. Patrice is willing to - CORRECT ANSWERS take a risk.
follow others' advice.
live on a small salary.
forgo rewards.
buck the trend.
A; take a risk
In some countries, agreements that are made between companies are not recognized because
one country does not enforce the laws. This describes what element of economic forces on
businesses? - CORRECT ANSWERS taxation
contract enforcement
corruption
,security
competitive advantage
B; contact enforcement
As more people age out of the workforce, companies are finding they are losing some of their
most knowledgeable employees. What force is at play in this situation? - CORRECT
ANSWERS NOT Global
Immigration policies are ________ forces in the business environment. - CORRECT
ANSWERS NOT legal/regulatory/political
Ethics are ________ that influence behavior - CORRECT ANSWERS company standards
rules and laws
subconscious emotions
principles of right and wrong
D: principles of right and wrong
A code of _______ is a written set of standards intended to guide an organization's actions. -
CORRECT ANSWERS behavior
ethics
values
litigation
B; ethics
A compliance-based ethics code attempts to prevent ________ by increasing control and by
punishing violators. - CORRECT ANSWERS values-based
compliance-based
, integrity-based
interaction-based
B; compliance
Which of the following is one way the Sarbanes-Oxley Act protects employees who report
organizational misconduct? - CORRECT ANSWERS It ensures they are paid a large sum of
money as a reward.
It provides for job reinstatement to whistleblowers who are fired by their employers.
It ensures the employees' complaints are nationally publicized on social media.
It appoints such employees as the ethics officers of their companies.
B; "It provides for job reinstatement to whistleblowers who are fired by their employers."
According to the global social responsibility pyramid, a company's first duty is to be - CORRECT
ANSWERS NOT ethical
Because businesses create certain problems (such as environmental pollution), they should also
help solve those problems. This statement is an argument in favor of - CORRECT
ANSWERS corporate social responsibility.
environmental activism.
establishing a code of ethics.
affirmative action.
A: corporate social responsibility.
studies how society chooses to transform resources into the goods and services that people
want and need. - CORRECT ANSWERS Economics
Production
Finance
Sociology
QUESTIONS AND CORRECT ANSWERS
An example of a good is - CORRECT ANSWERS a book.
a haircut.
a manicure.
lawn mowing.
education.
A;book
Since Maia moved to Nebraska, she is finding the can buy more with her money than she could
in Hawaii. Maia is experiencing an improvement in her - CORRECT ANSWERS NOT
earnings potential.
Patrice knows that investing her own money in a start up may be a mistake, but she believes she
can make it work. Patrice is willing to - CORRECT ANSWERS take a risk.
follow others' advice.
live on a small salary.
forgo rewards.
buck the trend.
A; take a risk
In some countries, agreements that are made between companies are not recognized because
one country does not enforce the laws. This describes what element of economic forces on
businesses? - CORRECT ANSWERS taxation
contract enforcement
corruption
,security
competitive advantage
B; contact enforcement
As more people age out of the workforce, companies are finding they are losing some of their
most knowledgeable employees. What force is at play in this situation? - CORRECT
ANSWERS NOT Global
Immigration policies are ________ forces in the business environment. - CORRECT
ANSWERS NOT legal/regulatory/political
Ethics are ________ that influence behavior - CORRECT ANSWERS company standards
rules and laws
subconscious emotions
principles of right and wrong
D: principles of right and wrong
A code of _______ is a written set of standards intended to guide an organization's actions. -
CORRECT ANSWERS behavior
ethics
values
litigation
B; ethics
A compliance-based ethics code attempts to prevent ________ by increasing control and by
punishing violators. - CORRECT ANSWERS values-based
compliance-based
, integrity-based
interaction-based
B; compliance
Which of the following is one way the Sarbanes-Oxley Act protects employees who report
organizational misconduct? - CORRECT ANSWERS It ensures they are paid a large sum of
money as a reward.
It provides for job reinstatement to whistleblowers who are fired by their employers.
It ensures the employees' complaints are nationally publicized on social media.
It appoints such employees as the ethics officers of their companies.
B; "It provides for job reinstatement to whistleblowers who are fired by their employers."
According to the global social responsibility pyramid, a company's first duty is to be - CORRECT
ANSWERS NOT ethical
Because businesses create certain problems (such as environmental pollution), they should also
help solve those problems. This statement is an argument in favor of - CORRECT
ANSWERS corporate social responsibility.
environmental activism.
establishing a code of ethics.
affirmative action.
A: corporate social responsibility.
studies how society chooses to transform resources into the goods and services that people
want and need. - CORRECT ANSWERS Economics
Production
Finance
Sociology
