FIU BUL 6810: Business Law and Ethics Quiz 1

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FIU BUL 6810: Business Law and Ethics Quiz 1Question 1The ______ approach recognizes that "business decisions consist of continuous, interrelatedeconomic and moral components."ProceduralSystemsConciliatoryMandated5 pointsQuestion 2Which ofthe following was created by food advertisers in an attempt to halt governmentregulation aimed at stopping marketing preying on children's vulnerability?The Children's Advertising Review UnitThe Minor's Board UnitThe Minor Protection Review UnitTheChildren's Enhancement Board5 pointsQuestion 3As the public has become more concerned about childhood obesity, which of the following is agovernment agency referenced in the text that is considering a ban on certain types of children'sadvertising?The American Consumer AgencyThe Federal Communications CommissionThe Federal Trade CommissionThe Federal-State Advertising Coalition5 pointsQuestion 4Which of the following is a theory that recognizes that firms have relationships with manyconstituent groups which both affect and are affected by the actions of the firm?

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StakeholderStockholderRelationalCohesive5 pointsQuestion 5Which of the following has the responsibility for deciding which allocation of resources andrewards in abusiness makes the most business sense?The general managerThe in-house lawyerAn independently retained lawyerAn independently retained law firm, not just one lawyer5 pointsQuestion 6Susan, the CEO of ABC Company, which was involved in the production and sale of hair careproducts, decided to hire new employees to develop new product lines for a planned expansioninto the dog shampoo arena. She was concerned, however, that the employees specializing incanine products might leave at some point, taking company secrets with themfor use incompetition with ABC. She, therefore, required that the employees sign contracts containingcovenants not to compete. Susan also consulted her in-house counsel,Sam, regarding the effect ofsome new regulations involving the use of certain chemicals in shampoo and conditioner. Samtold her, however, to ignore the regulations until sometype of investigation of the company wasstarted. Sam says that more than likely no one will ever check to see whether or not ABC is incompliance. Susan disagrees with hisadvice and decides to seek other counsel. The covenants notto compete involved which of the following types of law?PublicPrivateCircumscribedTangent5 pointsQuestion 7

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