Question 1

Bristol Corp. plans to introduce an inexpensive line of shoes to the Canadian market. It has found a manufacturer in Asia that can produce the shoes at a cost that will be cheaper than other brands of the same quality. Which of the following is a potential ethical implication that the company should consider before beginning production?
The country's existing labor laws and the factory working conditions
The average exchange rate of the country's currency over a ten-year period
The challenges of doing business in a country with a nonconvertible currency
The energy demands of the manufacturer's facility
The basic international business strategy it will use

Accepted Answer

The answer of Bristol Corp. plans to introduce an inexpensive...

Question 2

Atlas Corp. offers a money back guarantee on products and provides complaint hot lines for its customers. This is an example of which of the following consumer rights?
Right to be informed
Right to choose
Right to be heard
Right to health and safety
Right to low prices

Accepted Answer

The answer of Atlas Corp. offers a money back guarantee...

Question 3

The recent surge of products being called "light" led to an investigation by government agencies. This illustrates concerns about which of the basic consumer rights?
Right to low prices
Right to choose what they buy
Right to safe products
Right to be informed
Right to be heard

Accepted Answer

The answer of The recent surge of products being called...

Question 4

Which of the following illustrates consumers' rights to safe products?
Clothing must be labelled with information about its proper care.
A new vacuum cleaner must be free of electrical hazards while in use cleaning a consumer's home.
There must be open competition in the marketplace.
Procter & Gamble provides a toll-free telephone number for consumers to use for complaints or questions.
Food products must list their ingredients.

Accepted Answer

The answer of Which of the following illustrates consumers' rights...

Question 5

The Canadian Competition Bureau investigated possible __________ by Hershey, Nestle, and Cadbury.
unit pricing
demand pricing
price fixing
price gouging
price leadership

Accepted Answer

The answer of The Canadian Competition Bureau investigated possible __________...

Question 6

Consumerism is
the group of laws dealing with retail commercial transactions.
the movement that seeks to protect and expand the rights of consumers in their dealings with businesses.
the right to be informed about all aspects of a product.
the right to choose the product.
the right to safe products.

Accepted Answer

The answer of Consumerism is
the group of laws dealing with...

Question 7

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called
whistle-blowing.
kiting.
price gouging.
consumerism.
collusion.

Accepted Answer

The answer of Social activism dedicated to protecting the rights...

Question 8

When a food company lists the ingredients that make up their products, which consumer right is it addressing?
Right to choose
Right to safe products
Right to courteous service
Right to be informed
Right to be heard

Accepted Answer

The answer of When a food company lists the ingredients...

Question 9

Which consumer right is violated by a company that restricts and interferes with competition?
Right to be heard
Right to choose what they buy
Right to good prices
Right to safe products
Right to be informed

Accepted Answer

The answer of Which consumer right is violated by a...

Question 10

Paramount Pizza wants to be seen as a socially responsibility company. It can support its claim of being a socially responsible company by
using more nutritious ingredients even if they are more expensive.
cutting employees' wages and benefits in order to boost the company's stock price.
reducing pizza size while holding the price constant.
packaging products in material that costs less, even if customers object to the change.
taking actions to force competitors into bankruptcy.

Accepted Answer

The answer of Paramount Pizza wants to be seen as...

Question 11

Dangerous chemical and/or radioactive byproducts of various manufacturing processes are called
solid waste.
acid rain.
toxic waste.
incineration waste.
biomass.

Accepted Answer

The answer of Dangerous chemical and/or radioactive byproducts of various...

Question 12

Martha is the owner of a business that regularly imports certain agricultural commodities from countries with poor economic conditions. If she wants to help the citizens of those countries, how can she BEST do that?
By including labels on her products indicating where the commodities come from
By hiring people who have visited these countries and are familiar with the conditions there
By opening an outlet in these countries and creating jobs for the people there
By purchasing more of the commodities
By shipping free products to these nations

Accepted Answer

The answer of Martha is the owner of a business...

Question 13

When two or more firms agree to collaborate on wrongful acts, it is referred to as
consumerism.
collusion.
market segmentation.
oligopoly.
monopoly.

Accepted Answer

The answer of When two or more firms agree to...

Question 14

Because it was the initial year of production, only 3000 units of a new model car were built. Some auto dealers got together and agreed that they would sell the cars only if the customer was willing to pay several thousand dollars over the sticker price. This is an example of
price gouging.
smart business practice.
price fixing.
collusion.
price lining.

Accepted Answer

The answer of Because it was the initial year of...

Question 15

A poll of 12 000 people in 11 different countries revealed that ____ percent of those polled were willing to spend extra money to fight climate change.
90
75
65
45
20

Accepted Answer

The answer of A poll of 12 000 people in...

Question 16

The conversion of waste materials into useful products is called
recycling.
solid waste recovery.
acid rain.
biomass.
toxic waste disposal.

Accepted Answer

The answer of The conversion of waste materials into useful...

Question 17

With respect to the issue of counterfeit brands, it is correct to say that
counterfeit brands used to be a big problem, but new legislation in various countries has reduced the problem considerably.
counterfeit brands are a big problem in products like perfume and designer clothing, but less of a problem in pharmaceuticals and expensive wines.
consumers benefit from counterfeit goods because they can get good products for lower prices.
it is generally easy to tell the difference between counterfeit goods and the real thing.
none of the above are correct.

Accepted Answer

The answer of With respect to the issue of counterfeit...

Question 18

In 2011, the Alberta securities regulator brought charges against several executives at Grand Cache Coal Corp. because those executives sold company stock just before the company publicly disclosed negative news about its sales. This was an example of
cheque kiting.
insider trading.
misrepresentation of finances.
improper financial management.
whistle-blowing.

Accepted Answer

The answer of In 2011, the Alberta securities regulator brought...

Question 19

All of the following are basic rights of consumers except
safe products.
to be heard.
to be informed.
to choose what they buy.
low prices.

Accepted Answer

The answer of All of the following are basic rights...

Question 20

Arctic Glacier Inc., a Canadian company, was one of several companies served with subpoenas by the U.S. government as it investigated possible
violation of monopoly rules.
insider trading.
cheque kiting.
unsafe products.
collusion.

Accepted Answer

The answer of Arctic Glacier Inc., a Canadian company, was...

Quiz 3: Conducting Business Ethically and Responsibly

Atlas Corp. offers a money back guarantee on products and provides complaint hot lines for its customers. This is an example of which of the following consumer rights? Right to be informed Right to choose Right to be heard Right to health and safety Right to low prices

The recent surge of products being called "light" led to an investigation by government agencies. This illustrates concerns about which of the basic consumer rights? Right to low prices Right to choose what they buy Right to safe products Right to be informed Right to be heard

The Canadian Competition Bureau investigated possible __________ by Hershey, Nestle, and Cadbury. unit pricing demand pricing price fixing price gouging price leadership

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called whistle-blowing. kiting. price gouging. consumerism. collusion.

When a food company lists the ingredients that make up their products, which consumer right is it addressing? Right to choose Right to safe products Right to courteous service Right to be informed Right to be heard

Which consumer right is violated by a company that restricts and interferes with competition? Right to be heard Right to choose what they buy Right to good prices Right to safe products Right to be informed

Dangerous chemical and/or radioactive byproducts of various manufacturing processes are called solid waste. acid rain. toxic waste. incineration waste. biomass.

When two or more firms agree to collaborate on wrongful acts, it is referred to as consumerism. collusion. market segmentation. oligopoly. monopoly.

A poll of 12 000 people in 11 different countries revealed that ____ percent of those polled were willing to spend extra money to fight climate change. 90 75 65 45 20

The conversion of waste materials into useful products is called recycling. solid waste recovery. acid rain. biomass. toxic waste disposal.

All of the following are basic rights of consumers except safe products. to be heard. to be informed. to choose what they buy. low prices.

Arctic Glacier Inc., a Canadian company, was one of several companies served with subpoenas by the U.S. government as it investigated possible violation of monopoly rules. insider trading. cheque kiting. unsafe products. collusion.