D432 UPDATED ACTUAL Exam Questions
and CORRECT Answers
What is the type of business that involves two or more individuals who operate a business
together for profit? - CORRECT ANSWER - Partnership
What is an advantage of franchising? - CORRECT ANSWER - Name and product
recognition
Which disadvantage comes with a partnership as a type of business ownership? - CORRECT
ANSWER - Dissolution difficulty
Which form of law has the purpose of allowing consumers to benefit from the promotion of fair
competition? - CORRECT ANSWER - Antitrust law
What is the type of law that pertains to the procedures and policies that govern relationships
among nations? - CORRECT ANSWER - International law
What is the constitutional amendment that ensures that business property can only be searched
with a warrant? - CORRECT ANSWER - Fourth
Which method of international law enforcement involves implementing or removing the trade
barriers between two countries? - CORRECT ANSWER - Reciprocity
A company refused to refund a customer's money for a purchased laptop. The customer claims
the product was defective, but there is evidence that the laptop was dropped, and the laptop was
purchased several months ago.
What is the appropriate categorization of the company's action described in the scenario? -
CORRECT ANSWER - Ethical and legal
, A company sells socks for $20, advertising them as wool socks. The primary buyers are adult
males. The socks are 20% wool.
How is this practice classified, according to the Federal Trade Commission? - CORRECT
ANSWER - Misrepresenting a product
A company's chief executive, officer (CEO) is driving an initiative to use the Triple Bottom Line
(TBL) to measure company success. What is one of the three components of the Triple Bottom
Line? - CORRECT ANSWER - Planet
Several of a company's goals include expanding market reach, improving reputation, and
increasing sales. One leader proposed demonstrating more corporate social responsibility as a
step toward achieving these goals.
How can the company demonstrate corporate social responsibility to work toward achieving its
goals? - CORRECT ANSWER - By volunteering for initiatives in the community
A grocery store began implementing more sustainability practices and getting more involved in
local charitable initiatives. The public image of the grocery store became more positive because
of these things.
What is the benefit of corporate social responsibility that is described in the scenario? -
CORRECT ANSWER - Benevolent halo effect
A company's leader is making several changes to prioritize sustainability, community
involvement, and charitable initiatives.
What is a benefit of this strategy? - CORRECT ANSWER - Better attraction of new
employees
Which concept is used to examine the value of corporate social responsibility? - CORRECT
ANSWER - Triple bottom line
A 50-year-old woman was overlooked for a construction supervisor position. The hiring manager
reasoned that the predominantly young male workforce was unlikely to respect a female
superior.
Which type of discrimination is evident? - CORRECT ANSWER - Sex