RAT questions from Final chapters

Question 1

(10)

Which answer best describes a characteristic that marks an ethical business environment?

Answer 1

There is an incentive to be scrupulously truthful.

Question 2

(10)

Which answer best describes the idea in business ethics expressed by the platitude “Honesty is the best policy?”

Answer 2

That “good ethics makes good business.”

Question 3

(10)
Which answer best describes the rank of the United States relative to the level of corruption in various countries according to a survey conducted in 2011?

Answer 3

24th in rank of corruption

Question 4

(10)

Which answer best describes best describes something wrong with asserting that “good ethics makes good business?”

Answer 4

It has nothing to do with ethics.

Question 5

(13)
the act passed in 1959 that was a response to investigations that revealed unions to be broadly tainted by violence, corruption, and organized crime?

Answer 5

The Landrum-Griffen Act.

Question 6

(13)

Which answer best describes the year that Social Securitywas created?

Answer 6

1935

Question 7

(13)
Which answer best describes one of the early legal tools that, beginning in 1842, was used by employers and granted by the courts when labor disputes threatened?

Answer 7

Equitable injunction.

Question 8

(13)

Which answer best describes the law that became the real cornerstone of American labor law?

Answer 8

The National Labor Relations Act

Question 9

(13)
Which answer best describes the law that permits the US President to order a 30-day injunction if a strike by transportation workers imperils national welfare?

Answer 9

The Railway Labor Act.

Question 10

(14)Which answer best describes the RULE OF LAW that is applied to the constitutional analysis of government affirmative action programs?

Answer 10

Strict Scrutiny.

Question 11

Which answer best describes one of the US Presidents who championed the cause of equality in job opportunity?

Answer 11

John F. Kennedy

Question 12

(15)
Which answer best describes a remedy available to the FTC unfair or deceptive advertisements where the parties agree the advertiser will “go forth and sin no more?”

Answer 12

Consent Decree.

Question 13

(15)

Which answer best describes who has the authority to make “uniform laws on the subject of bankruptcies?”

Answer 13

The Congress.

Question 14

(15)
Which answer best describes the legal theory that governed consumer law from the early 18th Century until the early 20th Century?

Answer 14

Caveat emptor.

Question 15

(15)

Which answer best describes “sales puffery” used in advertising?

Answer 15

It cannot reasonably be considered a statement of fact.

Question 16

(15)

Which answer best describes the RULE OF LAW that would be applied to government regulation of false advertising?

Answer 16

The Rational Basis Test.

Question 17

(15)
Which answer best describes the law that makes illegal “unfair methods of competition and unfair or deceptive acts or practices in commerce?”

Answer 17

The Federal Trade Commission Act.