NU MGT400 Week 2 Midterm Exam latest 2015

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NU MGT400 week 2MidtermExam latest 2015Question 15 out of 5 pointsThe ______________________ was established after the latest financial crisis, in response to asituation that caused many consumers to lose their homes.Protection AgencyAnswers:1.Environmental Protection Agency2.World Bank3.Consumer Financial Protection Agency4.World Trade Organization5.Sarbanes-Oxley ActQuestion 23 out of 3 pointsWhich of the following is not a provision of the Sarbanes-Oxley Act?creation of ethical and legal compliance programsAnswers:1.Strengthens penalties for corporate fraud2.Discourages the creation of ethical and legal compliance programs3.Requires codes of ethics for financial reporting in corporations4.Makes fraudulent financial reporting a criminal offense5.Requires greater transparency in financial reportingQuestion 33 out of 3 pointsWhich of the forces of the business environment involves the rivalry among businesses forcustomers and profits?Answers:1.The economic dimension2.The legal dimension3.The competitive dimension4.The technological dimension5.The voluntary responsibilities dimensionQuestion 43 out of 3 points

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The ______________ regulates tobacco, dietary supplements, vaccines, veterinarydrugs,medical devises, cosmetics, products that give off radiation, and biological products1.World Trade Organization2.Consumer Financial Protection Agency3.Department of Justice4.Environmental Protection Agency5.The Food and DrugAdministrationQuestion 53 out of 3 pointsWhich of the following groups is not a group that receives special legal protections?1.The elderly2.Children3.Senior Citizens4.The highly educated5.Young consumersQuestion 63 out of 3 pointsThe _____________ was called "a sweeping overhaul of the financial regulatory system...on ascale not seen since the reforms that followed the Great Depression."1.Equal Pay Act2.Americans with Disabilities Act3.Dodd-Frank Wall Street Reform and Consumer Protection Act4.Age Discrimination in Employment Act5.VII of the Civil Rights ActQuestion 70 out of 3 points____________ law defines the rights and duties of individuals and organizations (includingbusinesses).1.Civil2.Criminal3.Competitive4.Administrative5.RegulatoryQuestion 83 out of 3 points

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Which of the following is not a provision of the Dodd-Frank Wall Street Reform and ConsumerProtection Act?1.Increases the accountability and transparency of financial institutions2.Creates a bureau to educate consumers in financial literacy3.Creates an organization to pay the bills of low-income consumers4.Create incentives for whistle-blowers to come forward5.Increases oversight of the financial industryQuestion 93 out of 3 points___________ law not only prohibits specific actions in business such as fraud, theft, or securitiestrading violations, but also imposes fines or imprisonment as punishment for breaking the law.1.Civil2.Criminal3.Competitive4.Administrative5.RegulatoryQuestion 103 out of 3 points_____ ties giving to a business’ overall strategy and objectives.1.Social responsibility2.Business ethics3.Corporate philanthropy4.Strategic philanthropy5.Cause-related marketingQuestion 113 outof 3 pointsAnticompetitive strategies that focus on weakening or destroying a competitor have spurredantitrust legislation and include all of the following except1.sustained price cuts.2.free samples.3.discriminatory pricing.4.price wars.5.corporate espionage.Question 123 out of 3 pointsWhich is not one of the four sources of criminal and civil laws?

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1.Judicial law2.Common law3.Constitutional law4.Administrative law5.Statutory lawQuestion 133 out of 3 pointsThe ___________ is an independent agency within the Federal Reserve System that "regulate(s)the offering and provision of consumer financial products or services under the federal consumerfinancial laws.1.Consumer Financial Protection Agency2.Federal Resrve3.World Trade Organization4.Department of Justice5.Federal Trade CommissionQuestion 143 out of 3 pointsThe primary objective of U.S. antitrust laws is to1.protect consumers from high prices and foreign products2.protect domestic businesses3.protectemployees4.promote strategies that enhance business welfare over consumer welfare5.distinguish competitive strategies that enhance consumer welfare from those that reduce itQuestion 153 out of 3 points_______ have been found to decrease unethical practices and increase positive work behaviorAnswers:1.High educational attainment levels2.High levels of community involvement3.Charismatic leaders4.Strong religious beliefs5.Good personal valuesQuestion 163 out of 3 points_______involves subordinates simply following the directives of a superior without question. Itdemonstrates the influence that significant others an exert in the workplace.

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