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NU MGT400 Week 2 Midterm Exam latest 2015

A solved midterm covering managerial concepts from MGT400.

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    NU MGT 400 week 2 M idterm E xam latest 2015 Question 1 5 out of 5 points The ______________________ was established after the latest financial crisis, in response to a situation that caused many consumers to lose their homes. Protection Agency Answers: 1. Environmental Protection Agency 2. World Bank 3. Consumer Financial Protection Agency 4. World Trade Organization 5. Sarbanes - Oxley Act Question 2 3 out of 3 points Which of the following is not a provision of the Sarbanes - Oxley Act? creation of ethical and legal compliance programs Answers: 1. Strengthens penalties for corporate fraud 2. Discourages the creation of ethical and legal compliance programs 3. Requires codes of ethics for financial reporting in corporations 4. Makes fraudulent financial reporting a criminal offense 5. Requires greater transparency in financial reporting Question 3 3 out of 3 points Which of the forces of the business environment involves the rivalry among businesses for customers and profits? Answers: 1. The economic dimension 2. The legal dimension 3. The competitive dimension 4. The technological dimension 5. The voluntary responsibilities dimension Question 4 3 out of 3 points

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    The ______________ regulates tobacco, dietary supplements, vaccines, veterinary drugs, medical devises, cosmetics, products that give off radiation, and biological products 1. World Trade Organization 2. Consumer Financial Protection Agency 3. Department of Justice 4. Environmental Protection Agency 5. The Food and Drug Administration Question 5 3 out of 3 points Which of the following groups is not a group that receives special legal protections? 1. The elderly 2. Children 3. Senior Citizens 4. The highly educated 5. Young consumers Question 6 3 out of 3 points The _____________ was called "a sweeping overhaul of the financial regulatory system...on a scale not seen since the reforms that followed the Great Depression." 1. Equal Pay Act 2. Americans with Disabilities Act 3. Dodd - Frank Wall Street Reform and Consumer Protection Act 4. Age Discrimination in Employment Act 5. VII of the Civil Rights Act Question 7 0 out of 3 points ____________ law defines the rights and duties of individuals and organizations (including businesses). 1. Civil 2. Criminal 3. Competitive 4. Administrative 5. Regulatory Question 8 3 out of 3 points

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    Which of the following is not a provision of the Dodd - Frank Wall Street Reform and Consumer Protection Act? 1. Increases the accountability and transparency of financial institutions 2. Creates a bureau to educate consumers in financial literacy 3. Creates an organization to pay the bills of low - income consumers 4. Create incentives for whistle - blowers to come forward 5. Increases oversight of the financial industry Question 9 3 out of 3 points ___________ law not only prohibits specific actions in business such as fraud, theft, or securities trading violations, but also imposes fines or imprisonment as punishment for breaking the law. 1. Civil 2. Criminal 3. Competitive 4. Administrative 5. Regulatory Question 10 3 out of 3 points _____ ties giving to a business’ overall strategy and objectives. 1. Social responsibility 2. Business ethics 3. Corporate philanthropy 4. Strategic philanthropy 5. Cause - related marketing Question 11 3 out of 3 points Anticompetitive strategies that focus on weakening or destroying a competitor have spurred antitrust legislation and include all of the following except 1. sustained price cuts. 2. free samples. 3. discriminatory pricing. 4. price wars. 5. corporate espionage. Question 12 3 out of 3 points Which is not one of the four sources of criminal and civil laws?

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    1. Judicial law 2. Common law 3. Constitutional law 4. Administrative law 5. Statutory law Question 13 3 out of 3 points The ___________ 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 consumer financial laws. 1. Consumer Financial Protection Agency 2. Federal Resrve 3. World Trade Organization 4. Department of Justice 5. Federal Trade Commission Question 14 3 out of 3 points The primary objective of U.S. antitrust laws is to 1. protect consumers from high prices and foreign products 2. protect domestic businesses 3. protect employees 4. promote strategies that enhance business welfare over consumer welfare 5. distinguish competitive strategies that enhance consumer welfare from those that reduce it Question 15 3 out of 3 points _______ have been found to decrease unethical practices and increase positive work behavior Answers: 1. High educational attainment levels 2. High levels of community involvement 3. Charismatic leaders 4. Strong religious beliefs 5. Good personal values Question 16 3 out of 3 points _______involves subordinates simply following the directives of a superior without question. It demonstrates the influence that significant others an exert in the workplace.

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