11.Which of the following statements holds true for the term public corporation?

Select one:

a. It refers to a legally independent business that protects its owners from all liability claims made against the company and has shares available for purchase by the general population.

b. It refers to a legally independent business that protects its owners from all liability claims made against the company and has share allocation limited to a group or single person.

c. It refers to an organization formed to serve a charitable or civic cause that doesnt pay taxes and channels income back into the cause it is formed to serve.

d. It refers to a company owned by one general partner who faces unlimited liability for the companys actions.

e. It refers to a company owned by a single individual with unlimited liability.

12.Which of the following statements holds true for the term, skill theft?

Select one:

a. It refers to taking specific, job-related abilities acquired at one organization to another, especially a competitor.

b. It refers to a situation where an employee moves to a new organization and helps it appropriate the former organizations market segment.

c. It refers to the use of company working hours for activities unrelated to work, including looking for a job elsewhere.

d. It refers to a situation where an employee moves to a new organization and helps it appropriate the former organizations client base.

e. It refers to the use of an organizations equipment for activities unrelated to work, including looking for a job elsewhere.

13.In the morning rush hour, John, a bicycle courier boy, skids off his cycle and is unable to get up. A number of people pass him, but do not stop to help him because if they did so, they would get late for school or work. Martha, who is also getting late for an appointment, sees John in pain and stops her car, helps him get up and drives him to a nearby clinic. Marthas act of helping John is an example of:

Select one:

a. product sincerity.

b. cultural imperialism.

c. laissez faire.

d. objectification.

e. Samaritanism.

14._____ refers to a situation in business in which decisions are made on the basis of personal relationships and loyalties more than unbiased judgments and purely professional considerations.

Select one:

a. Regulatory capture

b. Kleptocracy

c. Patrimonialism

d. Crony capitalism

e. Supercapitalism

15.Which of the following statements holds true for the term, skill tests?

Select one:

a. It refers to psychological tests attempting to measure honesty.

b. It refers to testing for illegal drug usage.

c. It refers to applicant tests that reproduce jobs tasks.

d. It refers to testing a job applicant for intelligence.

e. It refers to testing for specific medical problems that may impede work performance.

16.How many students are stealing books? This question is considered a part of:

Select one:

a. categorical imperative

b. metaethics

c. descriptive ethics

d. veil of ignorance

e. normative ethics

17.Which of the following statements holds true for the concept of puffery?

Select one:

a. It refers to a kind of deceitful advertising where claims made are directly false.

b. It refers to the act of sourcing tasks traditionally performed by specific individuals to an undefined large group of people or community (crowd) through an open call.

c. It refers to a kind of deceitful advertising where claims made arent directly false, but pertinent information is intentionally left out.

d. It refers to a kind of deceitful advertising where claims made arent directly false, but misleadingthough technically trueinformation is accentuated.

e. It refers to a technical term in advertising signifying expressed views that are so clearly subjective exaggerations or product slogans that no reasonable person would take them literally.

18.Which of the following statements holds true for the concept of fairness as Aristotle conceives it for the virtuous?

Select one:

a. It refers to the virtue of moderate boldness between the extremes of cowardice and rashness.

b. It refers to the virtue of judging peoples acts dispassionately, evenhandedly and from all points of view.

c. It refers to the ability to reveal yourself to others with confidence that youll be respected.

d. It refers to the virtue of habitually being and expressing yourself in a way that establishes your presence without threatening or impinging on others.

e. It refers to the virtue of self-control and the ability to patiently delay gratification.

19.Which of the following statements holds true for the concept of ignorant consumer standard?

Select one:

a. It refers to a presumption that protections against deceitful advertising should only be extended to cover marketing efforts that would significantly mislead a thoughtful, moderately experienced consumer.

b. It refers to the consumers right to sue manufacturers for injuries caused by a defective product.

c. It refers to a presumption that protections against deceitful advertising should only be extended to cover marketing efforts that would significantly mislead any consumer, including those much less sophisticated or experienced than typical buyers.

d. It refers to the identification of consumers with the products he or she buys and an accompanying need to buy in order to exist.

e. It refers to an unwritten agreement formed between sellers and buyers as a function of their transaction.

20.Which of the following statements holds true for the concept of exploitation of consumers?

Select one:

a. It refers to the organized coercion of unwilling people into following a particular religion.

b. It refers to taking advantage of the end users conditions or knowledge to market products that fail to serve the end users interests

c. It refers to the illegal trade of human beings for the purposes of reproductive slavery and commercial sexual exploitation.

d. It refers to taking advantage of individuals economic or social conditions to acquire their labor at a low cost.

e. It refers to organizations damaging the environment with their operations while avoiding paying cleanup costs.