BUSINESS ENVIRONMENT EXAM 2024
ACTUAL EXAM COMPLETE 400
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
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? - ....ANSWER...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? -
....ANSWER...Sarbanes-Oxley Act (SOX)
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,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
FCPA
FTC
A
NAFTA - ....ANSWER...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?
Confront the people who are responsible since they
could retaliate
Make sure that everyone knows the person who
discovered the ethical violation
Ensure that the supervisor is aware of the situation to
avoid being personally accused
Report only if directly asked if a violation occurred -
2
,....ANSWER...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
An employee taking home office supplies for personal
use
A data entry technician unintentionally entering incorrect
data
A grocery store employee forgetting to report rotting
produce - ....ANSWER...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? -
....ANSWER...Ethical purchasing
Which action of an organization would change consumer
perceptions of the organization's ethical standards?
Remedy negative events immediately with change
3
, Hold a town hall meeting to discuss events Provide
free products to everyone
Defend the organization's actions -
....ANSWER...Remedy negative events immediately with
change
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)
Foreign Corrupt Practices Act (FCPA)
North American Free Trade Agreement (NAFTA)
Freedom of Information Act (FOIA) -
....ANSWER...Sarbanes-Oxley Act (SOX)
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