EMPLOYEE RELATIONS PRE-
ASSESSMENT |COMPLETE!!
Which description is a characteristic of a corporation? - ACCURATE
ANSWERS✔✔ Ease of transferring ownership.
Which description is characteristic of a sole proprietorship? -
ACCURATE ANSWERS✔✔ Ease of dissolution.
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Which act prohibits unfair or deceptive acts affecting commerce? -
ACCURATE ANSWERS✔✔ The Federal Trade Commission Act.
A public company is preparing to file its annual report containing
audited financial statements. These statements will be reviewed by a
certified public accountant (CPA) not affiliated with the company to
provide an objective opinion. Which form should the company use for
this report? - ACCURATE ANSWERS✔✔ Form 10-K
A U.S. company operating in Country I has detected instances of child
labor in one of their manufacturing facilities abroad. What is the reason
for this occurrence? - ACCURATE ANSWERS✔✔ Local governments
are sometimes unwilling or unable to enforce laws and regulations.
,Multiple customers are accusing a company of making false claims
about their nutritional supplements. The Federal Trade Commission
(FTC) investigates and concludes that no scientific evidence supports the
company's claims about the product. The FTC sends the company a
consent order. What is the objective of the consent order? - ACCURATE
ANSWERS✔✔ To get the company to comply voluntarily
How does the Bureau of Consumer Protection help protect consumers
against unfair trade practices? - ACCURATE ANSWERS✔✔ By
enforcing consumer protection laws
A store offers its customers a "buy one, get one free" offer as part of a
Black Friday promotion for a new line of cell phones. Customers were
not informed that they had to buy a phone plan at a 100% inflated price
to be eligible for the offer.Which unfair trade practice did the store
adopt? - ACCURATE ANSWERS✔✔ Misleading price information
A consumer approached a shop to purchase edible oil and enquire about
its ingredients before making a final purchase. A seller did not disclose
the ingredients of an edible product before accepting payment for
it.Which unfair trade practice did the seller adopt? - ACCURATE
ANSWERS✔✔ Failing to disclose pertinent information
What is used to measure the sustainability of an organization's social
responsibility efforts? - ACCURATE ANSWERS✔✔ Triple Bottom
Line model
, A company includes green business practices in its code of conduct.
What is a direct benefit that the company will have due to this practice?
- ACCURATE ANSWERS✔✔ Positive benevolent halo effect
An employee at a company arrives consistently late. The employee's
manager checks the company policy about tardiness. The policy states
that employees who arrive late may be subject to disciplinary action, up
to and including termination. The manager also remembers hearing
another employee being verbally warned about a similar situation.What
should be the first action by the manager? - ACCURATE
ANSWERS✔✔ Consult with HR.
One of a company's items has been in production for six months but is
still sold stating "new." Which unfair practice is the company engaged
in, according to the Federal Trade Commission Act? - ACCURATE
ANSWERS✔✔ Misrepresenting a product
The company did not earn enough profits to provide a salary raise to its
employees in the year 2014. In 2015, the CEO of the company took a
pay cut to raise employee salaries. This led the employees to stay and
work hard to achieve the organizational goals. What effect did the
company likely experience after the change? - ACCURATE
ANSWERS✔✔ Revenue and profits increased.
An employee of a manufacturing company is married to a member of the
military. Their spouse is seriously injured and requires round-the-clock
care at home. The employee requests a leave of 20 weeks. What is a
likely outcome considering the Family and Medical Leave Act (FMLA)?