Business Law Unit Review for Semester Exam

A cashier gives you more change then she should have. The ethical choice is to (a)   .

• Keep the money

• Spend the money right away

• Donate the money to a worthy cause

• Return the extra money

You'll never have negative consequences if you make an ethical choice, such as pointing out a mistaken school grade or confessing you broke something.

• True - correct behavior, like making ethical choices, will always be rewarded.

• False - even if you make the right choices, you still may suffer from your actions.

After work John is planning to do some of his job tasks at home to get back on schedule. But he needs

some office supplies at home. To save time and a trip to the store, he decides to take the supplies from

work.Is John's action (a)   .

• Ethical

• Illegal

• Unethical

You borrow your mom's car and accidentally put a dent in the door. What do you do?

• Say nothing

• Tell her you did it

• Blame it on a stranger

• Try and get it fixed before she notices

A classmate is having trouble finishing a report. He'll pay you to finish it for him. What is the ethical thing to do?

• Agree to do it since you have time. But decline the money because it's wrong.

• Agree to do it. You could use the money!

• Decline to do it, but ask for the money anyway or you'll tell the teacher.

• Decline to do it, explaining that you don't have the time.

A business owned and run by one person is called a(n) (a)   .

• Partnership

• LLC

• Corporation

• Sole proprietorship

A business organization that has members is a(n) .

• Corporation
• LLC

• Sole proprietorship

• Partnership

______ protects the name and identifying symbol of a product or company.

• Trade secret

• Patent

• Copyright

• Trademark

In order for a contract to be enforceable it must have

• Consideration

• Offers

• Acceptance

• Legal Purpose

What is an agreement between two parties that creates an obligation?

• Contract

• Offer

• Tort

• Purpose