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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?

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    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

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