Business Law and Ethics Questions

41.A ___________________ is a less serious criminal offense than a/an ___________________.

Select one:

a. Misdemeanor; infraction

b. Felony; misdemeanor

c. Misdemeanor; felony

d. Felony; infraction

42.Some companies have shortened their lengthy codes into a few general provisions called a:

Select one:

a. statement of values.

b. corporate credo.

c. professional code of ethics.

d. compliance program.

43.When business people speak of ethics, they are generally speaking about all of the following EXCEPT:

Select one:

a. Avoiding breaking the criminal laws.

b. Avoiding actions that could result in criminal liability.

c. Avoiding getting caught doing something wrong.

d. Avoiding actions that could are bad for the company image.

44.Violations of the law are different from violations of social customs in what way?

Select one:

a. Violations of the law carry government-enforced penalties.

b. Violations of the law result in embarrassment.

c. Violations of the law carry negative social consequences.

d. Violations of the law may carry negative professional consequences.

45.ADR is often considered attractive to parties to a dispute in comparison to litigation for all of the following reasons EXCEPT:

Select one:

a. The process of ADR is not public.

b. ADR generally takes less time than litigation.

c. ADR generally costs less than litigation.

d. The decisions reached in ADR are binding.

46.Yolanda offers to sell her laptop computer to Zoe for $200; Zoe agrees to pay Yolanda $200 for the laptop; the next day Zoe gives Yolanda $150 and a $50 gift card to a local store in payment. Is Zoe discharged from the contract?

Select one:

a. Probably not, because in this circumstance strict compliance would be reasonable.

b. Probably, because in this circumstance substantial compliance would be reasonable.

c. Probably not, because Yolanda doesn't like the store that the gift card is from.

d. Probably, because Yolanda has gotten the value she bargained for.

47.A written employment contract is:

Select one:

a. usually only signed by the employer.

b. generally required for all employees.

c. the best way to establish the terms of employment.

d. a good approach in some employment situations.

48.All of the following may be considered white collar crimes EXCEPT:

Select one:

a. Securities fraud.

b. Healthcare fraud.

c. Vandalism.

d. Forgery.

49.Benefits of arbitration include all of the following EXCEPT:

Select one:

a. It is usually less expensive than going to court.

b. It is usually faster than going to court.

c. The decision of the arbitrator is never binding.

d. Discovery tends to be much simpler.

50.Which of the following characteristics is generally considered an illegal basis for discrimination?

Select one:

a. Attractiveness

b. Degree of physical fitness

c. Race

d. Use of tobacco