Which of the following is an essential element of a contract?
NV CTE Standard 3.0 Ethics and Law in Business Quiz

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Jennifer Lopez
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Warranty
Offer
Guarantee
Promise
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary difference between fraud and misrepresentation in a contractual context?
Fraud involves a breach of contract, while misrepresentation does not.
Fraud requires intent to deceive, while misrepresentation can be innocent.
Fraud is always legal, while misrepresentation is not.
Fraud is a type of misrepresentation that is always unintentional.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the concept of "employment at will"?
Employees can be terminated only for illegal reasons.
Employees can be terminated at any time without cause.
Employees must join a union to be employed.
Employees have guaranteed job security.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of ethical decision-making, which characteristic is essential for building trust in business?
Ambition
Integrity
Competitiveness
Flexibility
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of corporate social responsibility (CSR) in business ethics?
To maximize profits at any cost
To promote ethical behavior within organizations
To eliminate all forms of competition
To ensure compliance with all legal standards
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of collective bargaining in the workplace?
To increase the number of employees
To negotiate terms of employment between employers and employees
To reduce employee wages
To eliminate the need for unions
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a conflict between law and ethics in business?
A company following environmental regulations
A business using aggressive marketing tactics that are legal but considered unethical
A firm complying with tax laws
An organization adhering to labor laws
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