FIU BUL 6810: Business Law and Ethics Quiz 1
This quiz evaluates knowledge of business law and ethics, focusing on legal concepts and ethical practices in business.
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FIU BUL 6810: Business Law and Ethics Quiz 1
Question 1
The ______ approach recognizes that "business decisions consist of continuous, interrelated
economic and moral components."
Procedural
Systems
Conciliatory
Mandated
5 points
Question 2
Which of the following was created by food advertisers in an attempt to halt government
regulation aimed at stopping marketing preying on children's vulnerability?
The Children's Advertising Review Unit
The Minor's Board Unit
The Minor Protection Review Unit
The Children's Enhancement Board
5 points
Question 3
As the public has become more concerned about childhood obesity, which of the following is a
government agency referenced in the text that is considering a ban on certain types of children's
advertising?
The American Consumer Agency
The Federal Communications Commission
The Federal Trade Commission
The Federal-State Advertising Coalition
5 points
Question 4
Which of the following is a theory that recognizes that firms have relationships with many
constituent groups which both affect and are affected by the actions of the firm?
Question 1
The ______ approach recognizes that "business decisions consist of continuous, interrelated
economic and moral components."
Procedural
Systems
Conciliatory
Mandated
5 points
Question 2
Which of the following was created by food advertisers in an attempt to halt government
regulation aimed at stopping marketing preying on children's vulnerability?
The Children's Advertising Review Unit
The Minor's Board Unit
The Minor Protection Review Unit
The Children's Enhancement Board
5 points
Question 3
As the public has become more concerned about childhood obesity, which of the following is a
government agency referenced in the text that is considering a ban on certain types of children's
advertising?
The American Consumer Agency
The Federal Communications Commission
The Federal Trade Commission
The Federal-State Advertising Coalition
5 points
Question 4
Which of the following is a theory that recognizes that firms have relationships with many
constituent groups which both affect and are affected by the actions of the firm?
Stakeholder
Stockholder
Relational
Cohesive
5 points
Question 5
Which of the following has the responsibility for deciding which allocation of resources and
rewards in a business makes the most business sense?
The general manager
The in-house lawyer
An independently retained lawyer
An independently retained law firm, not just one lawyer
5 points
Question 6
Susan, the CEO of ABC Company, which was involved in the production and sale of hair care
products, decided to hire new employees to develop new product lines for a planned expansion
into the dog shampoo arena. She was concerned, however, that the employees specializing in
canine products might leave at some point, taking company secrets with themfor use in
competition with ABC. She, therefore, required that the employees sign contracts containing
covenants not to compete. Susan also consulted her in-house counsel,Sam, regarding the effect of
some new regulations involving the use of certain chemicals in shampoo and conditioner. Sam
told her, however, to ignore the regulations until sometype of investigation of the company was
started. Sam says that more than likely no one will ever check to see whether or not ABC is in
compliance. Susan disagrees with hisadvice and decides to seek other counsel. The covenants not
to compete involved which of the following types of law?
Public
Private
Circumscribed
Tangent
5 points
Question 7
Stockholder
Relational
Cohesive
5 points
Question 5
Which of the following has the responsibility for deciding which allocation of resources and
rewards in a business makes the most business sense?
The general manager
The in-house lawyer
An independently retained lawyer
An independently retained law firm, not just one lawyer
5 points
Question 6
Susan, the CEO of ABC Company, which was involved in the production and sale of hair care
products, decided to hire new employees to develop new product lines for a planned expansion
into the dog shampoo arena. She was concerned, however, that the employees specializing in
canine products might leave at some point, taking company secrets with themfor use in
competition with ABC. She, therefore, required that the employees sign contracts containing
covenants not to compete. Susan also consulted her in-house counsel,Sam, regarding the effect of
some new regulations involving the use of certain chemicals in shampoo and conditioner. Sam
told her, however, to ignore the regulations until sometype of investigation of the company was
started. Sam says that more than likely no one will ever check to see whether or not ABC is in
compliance. Susan disagrees with hisadvice and decides to seek other counsel. The covenants not
to compete involved which of the following types of law?
Public
Private
Circumscribed
Tangent
5 points
Question 7
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Document Details
University
Florida International University
Subject
Civil Law