21.Lester is the owner of a small manufacturing business. When business prospects look good, he orders $50,000 worth of supplies and uses them in creating merchandise for selling in the future. Unfortunately, there's a sudden and unexpected drop in demand for his products, and Lester can't sell the items he has produced. When the company that sold Lester the supplies demands payment from him, he is not able to pay the bill. The creditor sues him and goes after not only Lester's business assets, but his personal property as well. This includes his house, his car, and his personal bank account. This is an example of (a):

Select one:

a. partnership.

b. corporation.

c. limited liability company.

d. sole proprietorship.

e. nonprofit organization.

22._____ refer to the direct rules we ought to follow.

Select one:

a. Rights

b. Morals

c. Perceptions

d. Arguments

e. Facts

23.Which of the following statements holds true for the term, social media screening?

Select one:

a. It refers to screening job applications by eliminating those whose lifestyles pose risks to work performance.

b. It refers to screening out job applications whose internet-based communications suggest irresponsibility or unfitness for a post.

c. It refers to applying exams that are designed to predict an applicants success in a post.

d. It refers to screening job applications by eliminating those not meeting educational requirements.

e. It refers to screening job applications by eliminating those whose past crimes suggest risks in performing job duties.

24.The International Association of Fire Fighters (IAFF) represents professional firefighters in the United States and Canada. The organization was formed in 1918 to promote the job-related interests of the firefighters, especially with respect to wages and working conditions. This is an example of a:

Select one:

a. brotherhood.

b. sorority.

c. labor union.

d. modality.

e. sodality.

25.Which of the following statements holds true for the term institutional business ethics?

Select one:

a. It refers to the general questions of ethics surrounding ones widest and highly-variable personal feelings.

b. It refers to questions of business ethics attaching to specific people in particular circumstances.

c. It refers to questions of business ethics based on building ones character via virtue.

d. It deals with specific questions of ethics based on the adoption of certain specific rules.

e. It deals with the large questions in generic and anonymous terms.

26.In case of _____ the owner or owners have to take full legal responsibility in the face of all claims made against a company.

Select one:

a. pass through taxation

b. disclosure

c. unlimited liability

d. limited liability

e. annuities

27.Which of the following statements holds true for the term, internship?

Select one:

a. It refers to a low-paying post workers accept to gain valuable experience.

b. It refers to the standard range of wages paid at a location, usually across a city or a region.

c. It refers to the measure of how long an employee has been laboring in an organization.

d. It refers to the salary range a company sets for its employees, independent of the community wage level and wages as set by other, competing companies.

e. It refers to a structure for determining salary increases that encourages work that is less effective, less efficient, or both.

28._____ refers to the requirement that people be treated as holding intrinsic value.

Select one:

a. Dignity principle

b. Libertarianism

c. Categorical imperative

d. Consistency principle

e. Veil of ignorance

29.A trucking company requires employees to drive in excess of OSHAs hours-of-service regulations, a law designed to prevent accidents resulting from driver fatigue. An employee of the trucking company notifies OSHA about this practice. This is an example of:

Select one:

a. a kickback.

b. tattling.

c. whistleblowing.

d. reporting.

e. a bribe.

30.Which of the following statements holds true for the term culturalist ethics?

Select one:

a. It refers to accepting that the customs and habits of those conforming to a society should provide guidance for all those entering the society within a culturalist ethics.

b. It refers to an internalized inferiority complex which causes people in a country to dismiss their own culture as inferior to the cultures of other countries.

c. It refers to the definition of ethical right and wrong as aligning with a societys accepted rules and norms of behavior.

d. It refers to accepting that the customs and habits of members of diverse societies are legitimate and should be respected.

e. It refers to the charge that people and organizations are forcing ethical codes and attitudes on people with different histories, habits, and customs.