American Public University - BUSINESS 311 Final Exam: All Answers Provided

Part 1 of 1 - 100.0 Points Question 1 of 25 With the adoption of the ____________, the U.S. began to address the need to prevent, or minimize, workplace accidents and health hazards. A. S ecurities Act B. Occupational Safety and Health Act C. Environmental Protection Agency D. National Insurance Act Question 2 of 25 Employers have __________ been held criminally responsible for workplace injuries and deaths to workers. A. rarely B. marginally C. mostly D. always Question 3 of 25 What state has prosecuted more employers for safety violations than any of the other states combined? A. New York B. Utah C. Ohio D. California Question 4 of 25 Elements of human slavery include which of the following? I. Lack of legal ownership benefits slaveholders today. II. Slaves are controlled through violence or the threat of violence. III. Debt bondage is not used for today's slave market. A. I only B. II only C. III only D. I and II only Question 5 of 25 When were worker's compensation laws first adopted in the United States? A. 1911-1925 B. 1946, after World War II C. 1964, the same year as the Civil Rights Act D. 1972 Question 6 of 25 Many of the worst workforce hazards are invisible. A. True B. False Answer Key: True Question 7 of 25 According to Henry Shue, firms are not in the business of protecting the interests of their workers, except when this is a means to accomplish the organizational objectives. A. True B. False Answer Key: True Question 8 of 25 Which of the following is true about current carbon dioxide levels? A. They are the highest they have been in the past 20 million years. B. They are the lowest they have been in the past 360,000 years. C. They are the highest they have ever been. D. They are the lowest they have ever been. Question 9 of 25 Which piece of legislation was passed first? A. The Clean Water Act B. The Resource Conservation and Recovery Act C. The Clean Air Act D. The Comprehensive Environmental Response, Compensation, and Liability Act Question 10 of 25 Under the ___________ plan, the EPA auctions a set number of sulfur dioxide emission allowances annually, with each allowance permitting one ton of emissions. A. allocation of resources B. tradable permit C. green capitalism D. shareholder activism Question 11 of 25 Shareholder activism includes which of the following? A. the proxy system B. recommendations with moral authority C. preliminary management resistance D. all of the above Question 12 of 25 Today, shareholder activism within corporations continues to grow. A. True B. False Answer Key: True Question 13 of 25 The problems facing the EPA now are more blatant and traceable to a few major industrial sources now than they were 35 years ago, when the problems were more diffuse and insidious. A. True B. False Answer Key: False Question 14 of 25 Environmentalists have sought to work more closely with businesses for the past 40 years. A. True B. False Answer Key: True Question 15 of 25 What piece of legislation outlawed "unfair methods of competition and unfair or deceptive acts and practices"? A. Federal Trade Act of 1914 B. Lanham Act of 1946 C. Federal Food and Drug Act of 1953 D. The Learned Intermediary Rule Question 16 of 25 The Prescription Information Law of 2006 was passed to: A. aid pharmaceutical companies in obtaining information about patients' prescription requirements. B. protect patent and physician privacy. C. protect physicians from unethical bribery by pharmaceutical companies. D. protect patients from fraudulent claims about the effectiveness of prescription medication. Question 17 of 25 18. According to John Kenneth Galbraith, the theory of consumer demand is based on the following broad assumption(s): I. Socialism will work in all societies because consumers are willing to share their wealth. II. The urgency of wants does not diminish as more of them are satisfied. III. Wants originate in the personality of the consumer. A. I only B. I and II C. III only D. II and III Question 18 of 25 Citizens have always been afforded freedom of speech after the ratification of the U.S. Constitution. A. True B. False Answer Key: False Question 19 of 25 The Federal Trade Commission was created to promote competition through its enforcement of the Sherman and Clayton Antitrust Acts. A. True B. False Answer Key: True Question 20 of 25 The term caveat emptor means: A. "seller take care" B. "empty the cave of deceit" C. "buyer beware" D. "truth shall prevail" Question 21 of 25 According to In Re Lead Paint Litigation, which group is at greater risk to suffer most from the ill effects of lead-based paint? A. Middle-class adults B. Underprivileged children C. Wealth families D. Workers in steel mills Question 22 of 25 Early common law had allowed some exceptions to the rule of caveat emptor. One of these exceptions included _______. A. Ready-made garments B. Farm machinery C. Lead paint D. Food products Question 23 of 25 Under common law, the most important remedy was a suit for breach of warranty against those who sold unfit goods. A. True B. False Answer Key: True Question 24 of 25 Contract law is primarily designed to discourage commerce by assuring those who freely enter into agreements that the law will do little to protect their expectations. A. True B. False Answer Key: False Question 25 of 25 The UCC was primarily designed to govern the sale of goods. A. True B. False Answer Key: