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Introduction to Business > CH. 4, 10, 16 > Flashcards

CH. 4, 10, 16 Flashcards

1
Q

What are beliefs about what is right and what is wrong is called?

A

ethics

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2
Q

When you are faced with options which all have negative consequences, what you are experiencing?

A

an ethical dilemma

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3
Q

What is a code of ethics?

A

a formal written document defining the ethical standards of an organization

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4
Q

The obligation of a business to contribute to society is referred to as

A

social responsibility

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5
Q

Consumerism focuses on all of the following rights except:

a. the right to choose.
b. the right to be heard.
c. the right to be safe.
d. the right to privacy.

A

d. the right to privacy.

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6
Q

What is the piece of legislation that set higher ethical standards for public corporations and accounting firms?

A

Sarbanes–Oxley Act

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7
Q

Sustainable development

A

means doing business to meet the needs of the current generation without harming the ability of future generations to meet their needs

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8
Q

Stakeholders of a business include all of the following except:

a. employees.
b. investors.
c. regulators.
d. customers.

A

c. regulators

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9
Q

Companies offer bribes overseas even though it is illegal because it is an accepted practice in foreign countries.

A

True

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10
Q

What is a systematic evaluation of how well a firm is meeting its ethics and social responsibility goals?

A

a social audit

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11
Q

Financial institutions accept money in the form of deposits (from individuals and businesses) and then loan them out to borrowers

A

True

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12
Q

What type of depository institution is a cooperative owned by its members, and is a nonprofit organization?

a. investment bank
b. savings and loan association
c. commercial bank
d. credit union

A

d. credit union

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13
Q

The Banking Act of 1933 established the

A

Federal Deposit Insurance Corporation (FDIC)

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14
Q

FDIC

A

Federal Deposit Insurance Corporation

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15
Q

The Securities and Exchange Commission was created by the

A

Securities Act of 1934

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16
Q

Purchasing common stock is a way to loan money to a corporation.

A

False

17
Q

The rights of common stockholders include all of the following except:

a. rights to manage.
b. preemptive rights.
c. rights to dividends.
d. voting rights.

A

a. rights to manage.

18
Q

An initial public offering (IPO) is offered through the secondary market.

A

False

19
Q

All of the following are questions you should ask yourself before investing except:

a. How much money can you make?
b. How long can you leave your money invested?
c. How much tolerance do you have for risk?
d. How much are you able to invest?

A

a. How much money can you make?

20
Q

The investment strategy of buying and holding means

A

purchasing a diversified set of securities and then holding them for a long period of time

21
Q

Two of the best known market indices are the Dow Jones Industrial Average and the S&P 500.

A

True

22
Q

The Internet2 is a noncommercial network that uses high–speed connectivity to improve education, research, and collaboration among member organizations.

A

True

23
Q

refers to using Internet–based storage capacity, applications and processing power to replace internally owned computer resources.

A

Cloud computing

24
Q

A _______ gives managers access to large amounts of data and the processing power to convert these data into high–quality information.

A

decision support system

25
Q

An Internet–based firm that specializes in the secure electronic transfer of funds is known as a(n) _______.

A

cybermediary

26
Q

When you purchase songs from iTunes, you are participating in a _______ e–commerce transaction.

A

B2C

27
Q

Which of the following refers to an Internet marketing strategy that tries to involve customers and others not employed by the seller in activities that help promote the product?

a. Idea marketing
b. Neuromarketing
c. Viral marketing
d. Permission marketing

A

c. Viral marketing

28
Q

Radio frequency identification (RFI)

A

uses technology that stores information on a microchip and transmits it to a reader when the product is within a specific range.

29
Q

is a scam in which official–looking emails are sent to individuals in an attempt to get them to divulge private information such as passwords, usernames, and account numbers.

A

Phishing

30
Q

A virus is malicious computer software that can spread on its own without being attached to other files

A

False

31
Q

A hacker is a skilled computer user who uses his/her expertise to gain unauthorized access to the computer (or computer system) of others, sometimes with malicious intent

A

True

Introduction to Business (3 decks)

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