Chapter 04 Maintaining Good Government Relations and Business
Ethics Answer Key
Multiple Choice Questions
1.
_____ is a body of laws passed by federal, state, and local governments.
business laws affecting them.
2.
Which clause gives the U.S. Congress the right to “regulate commerce with foreign
nations, and among the several states”?
3.
Which of the following statements is true of police power?
4.
Which of the following statements is true of criminal law?
5.
_____ law is administered between two or more citizens.
6.
The Uniform Commercial Code is a set of uniform model statutes to:
7.
_____ is defined as a wrongful act by one party that results in injury to a second party’s
person, property or reputation for which the first party is liable.
8.
Bankruptcy is defined as _____.
9.
Identify a true statement about bankruptcy?
10.
Which of the following statements is true of Chapter 11 of the Bankruptcy Reform Act of
1978?
11.
The function of the Small Business Administration is to:
12.
_____ is a group of volunteer members who specialize in helping people develop their
business ideas.
13.
Which government organization grants awards for the “Small Business Persons of the
Year”?
14.
Which organization provides counseling, training, and technical assistance in all aspects of
small business management?
15.
An advantage of imposing government regulations on an industry or business is that
_____.
16.
Which of the following is a disadvantage of government regulations being imposed on
small business firms?
17.
The Small Business _____ Act requires each federal agency to set up compliance centers
to help small businesses deal with pending legislation.
18.
To locate a lawyer in helping with government regulations, a small business owner will
refer to the _____.
19.
_____ is a business’s obligation to set policies, make decisions, and follow actions that are
desirable in terms of a society’s values and objectives.
20.
_____ is the organized efforts of independent, government, and business groups to protect
end users from undesirable effects of poorly designed and produced products.
21.
_____ is the movement to protect the valid interests of consumers and is a major force in
small business today.
22.
Environmental protection involves:
23.
_____ is defined as trying to prevent the contamination or destruction of the natural
environment.
24.
There is now a greater effort in small firms to hire qualified persons without regard to
race, sex, religion, color, creed, age, or disabilities. This illustrates enlightened _____.
25.
_____ is also known as the “green” movement.
26.
Which form of conservation involves the reprocessing of used items for future use?
27.
AMF Systems uses certain standards to judge the rightness or wrongness of its business’s
and its personnel’s relations to others. These standards are called _____.
28.
A person’s own belief system that tells him or her what to do if or when the laws and/or
any pertinent codes of values are silent is termed _____.
29.
Morris water maze test
Rotary International’s “Four-Way Test”
Conditioned-place preference test
Two-bottle choice test
Which of the following may be a good test for ethical behavior?
30.
B.
It tells one what to do if the codes of ethics are silent.
It specializes in helping people develop their business ideas.
It provides the “Four Way Test” of the things we think, say, or do.
Which of the following statements is true of the Federal Sentencing Guidelines for
Organizations?
31.
To cope with government regulations, owners of small business firms _____.
A.
can become involved in the legal-political system to elect officials of their choice
B.
should debar themselves from forming alliances with other companies or organizations
C.
should keep themselves away from procuring knowledge regarding the various
governmental laws
D.
can establish their own set of laws without having to follow the actual laws and
regulations
32.
Lawyers can charge for their services by _____.
True / False Questions
33.
The U.S. legal system is based on the principle that not everyone is equal under the law.
34.
All U.S. laws affecting businesses are based on the federal or a state constitution.
35.
The Uniform Commercial Code is a set of uniform model statues to govern business and
commercial transactions in all states of America.