BF-10 TM-Exam (OCS)

Which question should one ask himself/herself to determine whether one is facing a true ethical dilemma?

• Is there money at stake?

• Could someone be hurt by these actions?

• Does the action make me look good to others?

• Is my choice based on the most popular option?

Jordan owns a successful landscaping business. Landscaping is an example of a/an?

• input.

• inventory.

• output.

• service.

A characteristic of a seller’s market is:

• lower profits.

• higher prices.

• larger supply.

• smaller demand.

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

• a bad role model

• pressure from others

• the desire to prove herself

What are the programs that instruct computers to perform specific operations?

• cookies

• software

• hardware

• information systems

Bryan would like to send the same email message to multiple people at once. He wants to save their email contact information for future e-mail messages too. Which email service should he use?

• virus

• attachments

• address book

• distribution lists

What is the name for markets with only a few sellers, such as the markets for automobiles, pharmaceuticals, or oil?

• oligopolies

• monopolies

• perfect competition

• monopolistic competition

A large retailer wants to contribute to the well-being of society. It donates 10% of its proceeds to a charity that helps the environment. The retailer is demonstrating:

• e-tailing.

• wholesaling.

• social responsibility.

• voluntary merchandise.

Deciding to stay home and study, instead of going to a basketball game, is an example of a/an:

• trade-off.

• capital good.

• economic want.

• economic service.

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