ethics, business law, risk management test

which of the following did bryan mudd use as an analogy to describe news reports

public watchdog

which of the following is an official agreement between disputing parties with the intention to resolve a case

settlement

which of the following types of law deals with rules for securing and enforcing legal rights to original ideas and inventions

intellectual property law

which is the last step of the ethical decision-making process

learn from the result

which of the following terms is defined as action guided by a set of principles of morality

ethical behavior

problem analysis identifies which of the following

the effect of a risk

which of the following questions should NOT be asked during the step of identifying an ethical problem

what can we learn from this process

which technique for dealing with risk often involves the purchasing of insurance

risk transfer

during which of the following stages does each party of the lawsuit file initial papers

pleading

when are business risks generally greatest for a business

when a business first begins operation

which of the following should a person NOT do when facing an ethical dilemma

make a choice based on the company’s profits

which of the following did john elliot NOT mention as one of the actions to promote sustainability

cut down unnecessary electronic use

which category of risk can be predicted and occur when there is a change of either a profit or a loss

speculative risks

which of the following terms is defined as conduct in accordance with what a person determines is right versus wrong

moral behavior

which of the following addresses the facts and legal claims in a complaint

the answer

which of the following terms is defined as an organization’s financial statement containing untrue data which is used to mislead

false financial statement

marshall’s business experiences a lot of theft so he has installed security in his store and security devices in his merchandise. which technique for dealing with risk is marshall applying to his risk of theft

risk reduction

which of the following should a person NOT do when listing possible solutions for an ethical problem

only list obvious solutions

which of the following terms describes a set of standards of conduct which guide decisions and actions based on duties derived from core values

ethics

which of the following is NOT a cause of unethical behavior

miscommunication among a diverse workforce

which of the following terms is defined as an entrusted person who converts other’s assets or property for his or her use

embezzlement

which of the following terms is defined as “duties and obligations of businesses which contribute to the well-being of society”

business social responsibility

which of the following did judge parker NOT mention as one of the principles of ethics

remain open-minded

which of the following types of law governs oral and written agreements related to exchange of goods and services, money, and properties

business contract law

which of the following is the risk identification method which combines all of the other methods and creates an in-depth look at potential risks

risk charting

which of the following terms is defined as “all the parties which interact with the business”

stakeholder

according to judge parker, which of the following is an ethical behavior of lawyers

remaining calm and patient in a stressful case

which technique for dealing with risk is generally used when the known loss of a risk will be extremely small

risk retention

which of the following is NOT an example of a business’s efforts of contributing to society

making a profit is the only concern of a business

which of the following did Bryan mudd use as an example of an ethical dilemma in the news industry

juvenile cases

which of the following two businesses did judge parker mention to explain the positive or destructive roles of ethics in business

chick-fil-a vs. enron

what are the two examples John Elliott used to explain ethical dilemmas in the banking business

conflicts of interest and suppressing financial information

which of the following is an example of a risk source

employees of a company

what percentage of businesses which close because of a natural disaster or incident never re-open

at least one-fourth

which of the following is an example of risk avoidance

running a background check on employees

which of the following occurs when witnesses are questioned under oath by the parties attorneys

deposition

which of the following protects new and improved products

patent

carol opened a movie rental store a few years ago, and due to new, more convenient movie rental options, her business is failing. this is an example of a business owner failing due to which type of risk

economic risk

which of the following is the risk identification method which groups risks into categories based on previous experience and knowledge

taxonomy-based

which of the following analogies did John Elliott use to describe the role of a business in a community

a member in a family

risks can be assessed by which of the following equations

risk = probability x impact

which of the following was no mentioned by Bryan mudd as a way in which news stories can affect people’s lives

the attractiveness of the news stories

which of the following types of agency relationships involves a third party

apparent authority

which of the following did Robert lin use as an example of an ethical dilemma in the restaurant business

health vs. taste

which of the following situations did Bryan mudd NOT mention as an example of unethical behavior in a newsroom

spending a long time to prepare a news story

which of the following is a motion filed by the defendant which indicates the complaint does not contain facts making the defendant liable to the plaintiff

motion to dismiss

which of the following is defined as a set of written standards issued by an organization to assist its employees in conducting their actions in conformity with the organization’s ethical values

code of ethics

financial risk is necessary because sometimes greater financial risk equals which of the following

greater financial reward

which of the following is a written or spoken agreement which is enforceable by law

a contract

implementing the plan does NOT include which of the following

prioritizing risks