Regulatory Environment of Business
Exam Questions
Course Introduction
This course explores the complex legal and regulatory framework in which businesses operate, examining the impact of local, national, and international regulations on business strategies and decision-making. Students will analyze laws related to competition, consumer protection, labor, environmental standards, and corporate governance, with a focus on compliance and ethical considerations. Through case studies and real-world examples, the course equips students with practical knowledge to navigate regulatory risks, understand government agencies and their enforcement powers, and devise strategies for effective corporate compliance in an evolving business landscape.
Recommended Textbook Law and Ethics in the Business Environment 8th Edition by Terry Halbert
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9 Chapters
148 Verified Questions
148 Flashcards
Source URL: https://quizplus.com/study-set/212
Page 2
Chapter 1: Law, Ethics, Business: An Introduction
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21 Verified Questions
21 Flashcards
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Sample Questions
Q1) Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?
A) Outsourcing to other countries is wrong because it is detrimental to the overall US economy.
B) When making decisions, corporate managers should consider the interests of all the corporation's stakeholders.
C) The only social responsibility of business is to increase profits in a legal and ethical manner.
D) Automating processes and replacing workers is unethical since it does not serve a greater good.
Answer: C
Q2) Describe the difference between the law and ethics.
Answer: Law provides for a set of rules for behavior. When these rules are broken, behavior is punishable. On the other hand, ethics presents a menu of options, perhaps disconnected from laws. Laws are "what a person must do," and ethics addresses "what a person should do."
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Chapter 2: The Duty of Loyalty: Whistleblowing
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) According to the Montana Wrongful Discharge from Employment Act, what are the three elements of a wrongful discharge?
Answer: (1) It was in retaliation for the employee's refusal to violate public policy or for reporting such violation.
(2) The employee had completed the employment probationary period and the discharge was not for good cause.
(3) The employer violated the express provisions of its own written personal policy.
Q2) According to research, what are the characteristics of the typical whistleblower?
Answer: The typical whistleblower is a long-term, highly loyal employee who strongly believes his or her company should do the right thing. A whistleblower tends to try to resolve the issue(s) internally. If nothing is done in response to the complaint(s), the whistleblower feels compelled to disclose the problem to authorities outside the company and/or the media.
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Chapter 3: Privacy and Technology
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20 Verified Questions
20 Flashcards
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Sample Questions
Q1) Name the two main factors that most courts use in determining whether or not electronic monitoring of employees is an invasion of privacy.
Answer: (1) The obnoxiousness of the means to intrude. In other words, is the method used a deviation from the normal, accepted means of discovering relevant information and (2) the reasons for intruding.
Q2) Discuss the employee claims that counter businesses' justification of electronic surveillance.
Answer: Employees claim that electronic monitoring puts them under dehumanizing pressure with computers instead of people judging their performance. Employees who work fast might look better than employees who work best. The "electronic sweatshop" causes psychological stress and physical symptoms. Studies have shown that subjecting people to monitoring negatively affected the quality of their work and that employees subject to video surveillance were less able to solve complex problems. Employees emphasize their need to preserve a sense of dignity and self-respect.
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Chapter 4: Valuing Diversity: Stereotyping v Inclusion
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) Which of the following federal government agencies is charged with enforcing Title VII of the Civil Rights Act of 1964?
A) U.S. Department of Labor
B) Merit Systems Protection Board
C) Office of Personnel Management
D)Equal Employment Opportunity Commission
Q2) To establish a prima facie case of religious discrimination, the employee has to show all of the following except which one:
A) That religion has been a significant part of the employee's life for a significant amount of time.
B) That the employee has a sincerely held religious belief.
C) That the employer was on notice that the religious belief was in conflict with the employer's request.
D) That there was a negative employment action based on a conflict between the religious belief and the employment requirement.
Q3) What must a plaintiff show to make a prima facie case of hostile environment sexual harassment?
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Chapter 5: Workers Rights as Human Rights: Health and Safety in
the Global Workplace
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) According to Dr. Michael Silverstein, what are the types of risks workers find on the job today?
Q2) Discuss how corporate criminal liability has been handled by OSHA since 1970.
Q3) The Fair Labor Standards Act (FLSA) of 1938:
I. sets maximum hours
II. requires minimum wages
III. requires compliance with child labor standards
IV. covers farmer workers
A) I. and II only
B) III and IV only
C) I, II and III only
D) I, II, III and IV
Q4) The ADA direct threat provision permits an employer to impose a:
A) "requirement that an individual shall not pose a direct threat to the health or safety of other individuals in the workplace."
B) "requirement that an individual shall not pose a direct threat to the health or safety of themselves in the workplace."
C) Both a. and b.
D) Neither a. nor b.
Page 7
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Chapter 6: Environmental Law and Justice: Responsibility and Survival
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16 Verified Questions
16 Flashcards
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Sample Questions
Q1) The Kyoto Protocol is an international treaty to reduce greenhouse admissions, signed by over 200 countries including the United States.
A)True
B)False
Q2) A "green tax" uses government taxing power to benefit the environment.
A)True
B)False
Q3) When environmentalists recognized that politicians were not going to pass stricter legislation and regulations, they changed their tactics to force change. According to the Layzer article in the chapter, these new tactics included:
I. Portray the science of global warming as uncertain and debatable
II. Focus on the financial costs of regulation
III. Provide Senators and Representatives with financial incentives to vote against regulation
IV. Portray the environmentalists as extremists and a vocal minority.
A) I and II
B) II and III
C) III and IV
D) II, III and IV.
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Chapter 7: Marketing and Technology: Choice and Manipulation
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15 Verified Questions
15 Flashcards
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Sample Questions
Q1) Discuss some of the ways the FTC has curbed online marketing efforts.
Q2) What is the Lanham Act? To succeed in suit under the Lanham Act, what must a plaintiff prove?
Q3) Direct-to-consumer advertising of prescription drugs began in the late 1980's to early 1990's. Based on the information in the Norplant case in the text, discuss the reasons why it should or should not be allowed.
Q4) The "creative revolution" in advertising refers to
A) The move from black and white to color advertising.
B) The move from talking about a product to showing what a product can do.
C) The move from showing what a product can do to making the product a status symbol.
D) The move from making a product a status symbol to using subliminal messaging to "force" consumers to buy the product.
Q5) What forms can deceptive advertising claims take?
Q6) In the case of R.J. Reynolds Tobacco Company, et al. v. FDA, what was the majority opinion regarding the First Amendment and the graphic warning requirements?
Q7) Discuss the standards of the Creative Code of the American Associate of Advertising Agencies.
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Chapter
Products Liability
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15 Verified Questions
15 Flashcards
Source URL: https://quizplus.com/quiz/3131
Sample Questions
Q1) Explain the features of Section 402A of the Restatement of Torts (Second).
Q2) The Food and Drug Administration, the Consumer Product Safety Commission and the National Highway Transportation Safety Association are
A) Cabinet departments within the Executive Branch
B) Subcommittees of the Senate and House of Representatives within the Legislative Branch
C) Judicially created organizations to implement Supreme Court mandates related to product safety.
D) Independent agencies that report to no branch of government.
Q3) To win a suit for negligence, a plaintiff must establish that the defendant:
I. breached its duty of care
II. created an unreasonable risk of harm
III. acted with total disregard to the harm that could result
IV. behavior was the proximate cause of the plaintiff's injuries
A) I and II only
B) II and III only
C) I, II and IV only
D) I, II, III and IV
Q4) What are punitive damages?
Page 10
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Chapter 9: Ownership, Creativity and Innovation: Intellectual Property
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16 Verified Questions
16 Flashcards
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Sample Questions
Q1) If an author owns a copyright to a non-fiction essay, then publishes that essay in an anthology of similar essays published by a major publishing company, the rights involved in this relationship would be referred to as ______.
A) collective work
B) public domain
C) collective bargaining
D) joint domain
Q2) Nike's swoosh, McDonald's arches, and the Xerox name are all identifiable trademarks. Which of the following laws protect(s) them?
I. Lanham Trademark Act of 1946
II. Federal Trademark Dilution Revision Act of 2006
III. Sonny Bono Act of 1998
A) I only
B) II only
C) I and II
D) II and III
Q3) Trade secrets are registered just like trademarks.
A)True
B)False
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