BUS 220 Test #4 Chapters 13-16

An example of "insider trading" is:

A company executive passing nonpublic information about an upcoming acquisition to a friend, who traded for a profit.

Sexual harassment is accurately described by which statement(s)?

All of these answers are correct.

Rules in the United States that prohibit competitors from secretly dividing up the market amongst themselves are called:

Antitrust Laws

In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

Bear market.

If someone is entitled to be treated in a certain way, this refers to a(n):

Right.

A living wage has been defined as a wage that:

Supports half the basic needs of an average-sized family, based on local prices.

The Occupational Safety and Health Act gives workers the right to a job:

That is free from recognized hazards that are likely to cause death or serious injury.

Racial harassment is illegal under:

Title VII of the Civil Rights Act

Drug testing for cause is commonly used after an accident or some observable change in behavior.

True

Employers are not required by law to agree to the union's demands, but they are required to bargain in good faith.

True

Employment-at-will is a legal doctrine that means employees are hired and retain their jobs at the sole discretion of the employer.

True

Some labor unions have exerted their influence through political action committees.

True

One problem with companies issuing product recalls is that the public is often unaware of them.

True

Since the 1960s, growth in the numbers of institutional investors in the United States has been phenomenal.

True

The Children's Online Privacy Protection Act limits the collection of information online from and about children under the age of 13.

True

The Occupational Safety and Health Act gives workers the right to a job "free from recognized hazards that are causing or likely to cause death or serious physical harm."

True

The consumer's "right to privacy" assures that information disclosed in the course of a commercial transaction is not shared with others unless authorized.

True

The term diversity refers to variation in the important human characteristics that distinguish people from one another.

True

The two main types of investors that own shares of stock in U.S. corporations are individuals and institutions.

True

Investors may receive an economic benefit from the ownership of stock by receiving:

Both dividends and capital gains.

Corporate governance involves the exercise of control over a company's:

Entire corporate direction.

A reason for institutions becoming more assertive in promoting the interests of their member investors is:

Expressing dissatisfaction with management performance by selling a large block of stock would reduce the value of the institution's holdings.

Investors always choose to invest in the stock of companies that pay high dividends.

False

The major agency charged with enforcing equal opportunity laws and executive orders in the United States is the Americans with Disabilities Council (ADC).

False

The term pay gap refers to the inequitable concentration of a group, such as minorities or women, in a particular job category.:

False

Under the "right to be heard" protection, the consumer is guaranteed satisfactory quality and service at fair prices.

False

This U.S. agency enforces the laws prohibiting deceptive advertising:

Federal Trade Commission.

When women and minorities are highly competent but are unable to attain executive positions, this is typically called:

Glass ceiling.

Government rules on equal treatment of employees include:

Government contractors must have written positive affirmative action plans to overcome the past and present effects of discrimination in their work force.

Warning consumers about the possible side effects of pharmaceutical drugs is an example of consumer protection against:

Hazardous products.

Which of the following statements is not true about the organization Consumer Reports?

It is supported by the federal government.

One argument in favor of affirmative action is:

It levels the playing field to correct past discriminatory hiring practices.

In 2015, the largest generation in the workforce was:

Millennials.

Under U.S. laws, who has the right to hold an election to choose what union they want to represent them, if any?

Most private and public workers.

The mission of the Securities and Exchange Commission (SEC) is to:

Protect shareholders' rights by making sure that stock markets are run fairly.

The "right to be heard" promises that consumers' interests will:

Receive full and sympathetic consideration.