Ethics Chp4. Exam Review

.
_____ law defines the rights and duties of individuals and organizations (including businesses).
A) Civil
B) Criminal
C) Competitive
D) Administrative
E) Regulatory
Points Earned: 2.5/2.5
Correct Answer(s): A

Correct
2.
Which of the following is not a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act?
A) Increases the accountability and transparency of financial institutions
B) Creates a bureau to educate consumers in financial literacy
C) Creates an organization to pay the bills of low-income consumers
D) Create incentives for whistle-blowers to come forward
E) Increases oversight of the financial industry
Points Earned: 2.5/2.5
Correct Answer(s): C

Correct
3.
Which of the forces of the business environment involves the rivalry among businesses for customers and profits?
A) The economic dimension
B) The legal dimension
C) The competitive dimension
D) The technological dimension
E) The voluntary responsibilities dimension
Points Earned: 2.5/2.5
Correct Answer(s): C

Correct
4.
Which of the following is not a provision of the Sarbanes-Oxley Act?
A) Strengthens penalties for corporate fraud
B) Discourages the creation of ethical and legal compliance programs
C) Requires codes of ethics for financial reporting in corporations
D) Makes fraudulent financial reporting a criminal offense
E) Requires greater transparency in financial reporting
Points Earned: 2.5/2.5
Correct Answer(s): B

Correct
5.
The _____ regulates tobacco, dietary supplements, vaccines, veterinary drugs, medical devices, cosmetics, products that give off radiation, and biological products.
A) World Trade Organization
B) Consumer Financial Protection Agency
C) Department of Justice
D) Environmental Protection Agency
E) The Food and Drug Administration
Points Earned: 2.5/2.5
Correct Answer(s): E

Correct
6.
Which of the following is not an aspect of the institutionalization of social responsibility?