Intro to Business Unit 2

Keeping inaccurate accounting records is____________?

The United States economy is shaped by a mix of public and private forces.

When the government is trying to figure out the unemployment rate, the government first has to find out how many people are unemployed. How can the government figure out how many people are currently unemployed?

Economies rely on both the present and past inventions from previous economies to make it the best possible economy.

An example of an ethical business practice would be what?

Name three of the five Economic Indicators that the Government uses to decide where the Economy is in the Business Cycle.

Two people that have comparable job responsibilities and work experience are required by what Act to be paid the same?

American's with Disabilities Act protect people that are physically disabled but not mentally disabled.

Which of the following is things a person can do that will show good ethics in the workplace?

How does a company know if they have unethical employees working in their company?

What is the main source of income for the government?

When unemployment is low, the economy is doing well.

The United States has a very high GDP compared to some countries, but it has a low standard of living.

The name of the Company that went bankrupt due to their unethical behavior in late 1990s and early 2000s.

Billy has better qualifications which include a college degree than Paul who has no college degree. Billy and Paul are going for the same job but Billy is twenty years older. A company can hire Paul and it will be acceptable to the EEOC.

Economic indicators measure what?

The government agency that makes sure all companies are in compliance with standards which include making sure employees have proper training on equipment, using proper safety equipment when required?

Give one example of a question a person might consider when making an ethical decision?

Andy Dufresne transferred from his math teaching job to statistical analysis for the unemployment office. His first job is to figure out what unemployment rate is for the month of August. The data that he has on his desk is the following: number of people employed is 200,000, number of people unemployed who are collecting unemployment checks is 50,000, and the number of people retired is 15,000. What is the unemployment rate for August?

What government organization protects the rights of the employees when dealing with their safety on the job, pay, number of hours worked, and emergency plans?

This occurs when gifts, money, or favors are offered to encourage a business deal

A conflict in between self-interest and professional obligation.

A place of employment that the employees are employed for long hours at low wages.

Rules about how businesses and their employees ought to behave

A statement of values and rules that guides the behavior of employees or members of an organization.

These are principles of morality or rules of conduct.

This is the duty to do what is best for society.

The general decrease in price of goods and services

The general increase in the price of goods and services.

The rise and fall of economic activity over time.

When someone is hiding workers from the government because they are doing something illegally like not pay them enough money or the workers are too young to be working. These people probably working in what type of environment?

Which of the following things can the government NOT use a budget surplus for?

Why is it important for the government officials to figure out Gross Domestic Product (GDP)?

The government agency monitors discrimination in age, disability, race, and gender. This can apply to firing, hiring, or promotions

The government agency that monitors endangered species, hazardous waste, land, air, among other things is what agency?

The Triangle Shirtwaist Factory Company had a tragedy in where 146 workers died because the factory was on fire. The factory did not have enough exits and the working conditions were very inadequate. After this occurred the government started what government agency so something like this would not happen again?

Bribery occurs when gifts, money, or favors are offered?

In the United States how would a person’s standard of living be measured?

What government agency monitors companies water and air quality that they put off into the environment.

The ethical conduct that a business for the most part has been determined by who or what?

What is the government agency that protects us from two businesses from merging together and this new business would have too much control of their industry and would be considered a monopoly.

Which of the following is NOT an ethical decision that an employee might have to face at work?

Unemployment is low, production of goods and services is high, and new businesses open.

Businesses produce less, need fewer workers, unemployment rate increases, and people have less money to spend.

Many people go back to work and have money to purchase goods and services. This in affect raises the GDP.

High unemployment. low production of goods and services, and unused manufacturing facilities.

In the second to last question, the person's name (Andy Dufresne) comes from what 1994 movie?

Which of the following things might a business deem to be unethical conduct at work?

Unethical treatment of employees includes all of the following except what?

The economy has to go through all four stages of the business cycle in order with no interruptions.