Review Session #2

Piper looks up to her new boss and tries to learn from her behavior as much as possible. However, Piper knows that some of her boss’s actions are unethical. Piper is uncertain whether she should follow her boss’s example. Which ethical dilemma is Piper facing?

• Greed

• Bad Role Model

• Pressure from others

• Desire to prove herself

True or False: Can something be illegal but, ethical at the same time?

• True

• False

Liam always says "please" and "thank you". He demonstrates:

• trust

• respect

• integrity

• rule of law

Goods are __________ items. Services are _____________ items

In 1890, Congress passed a law that prevents monopolies from forming and hinders price fixing. What law is this?

• Clayton Act

• Robinson-Patman Act

• Sherman Antitrust Act

• Celler-Kefauver Antimerger Act

When someone says that a business has good internal relations, this means the business has which?

• Strong Managers

• Happy Employees

• Business Partners

• Satisfied Customers

Jerome makes laptop computers. The laptops are part of his:

• Input

• Output

• Parts

• Resources

Cliff wants to know how much money his business made this year. He wants to know his business’s:

• Margin

• Cash Flow

• End Result

• Bottom Line

Cash is an example of:

• Assets

• Expenses

• Equity

• Liabilities

Berneice received an e-mail with an attachment from an unknown person. She quickly deletes this e-mail because it could contain a/an:

• Virus

• Address Book

• Distribution List

• Spam Message