Business Ethics Week 6 Quiz

Business Ethics Q & A Week-6 Quiz Question 1 Which statement is true from an ethical perspective? Selected Answer: The argument for strict liability is basically utilitarian. Correct Answer: The argument for strict liability is basically utilitarian. Question 2 "Puffery" is an example of which of the following deceptive or misleading advertising techniques? Business Ethics Q & A Selected Answer: exaggerati on Correct Answer: exaggerati on Question 3 In 1972 Congress created one of the most important agencies for regulating product safety. This agency is the Selected Answer: Consumer Product Safety Commission. Correct Answer: Consumer Product Safety Commission. Question 4 Due care is Selected Answer: the idea that consumers and sellers do not meet as equals and that consumer's interests are particularly vulnerable to being harmed by the manufacturer. Correct Answer: the idea that consumers and sellers do not meet as equals and that consumer's interests are particularly vulnerable to being harmed by the manufacturer. Question 5 Statistically, there is strong evidence that exposure to television advertising is strongly associated with Selected Answer: obesity in children under twelve. Correct Answer: obesity in children under twelve. Question 6 Business Ethics Q & A Harvard business professor Theodore Levitt has Selected Answer: drawn an analogy between advertising and art. Correct Answer: drawn an analogy between advertising and art. Question 7 Every year ___________ of Americans require medical treatment from product related accidents. Selected Answer: s Correct Answer: s million million Question 8 The terms “best, finest, and most” are examples of Selected Answer: y. puffer Correct Answer: y. puffer Question 9 According to Galbraith's "dependence effect," Selected Answer: producers use advertising to shape consumer wants. Correct Answer: producers use advertising to shape consumer wants. Question 10 Critics of advertising generally agree that Business Ethics Q & A Selected Answer: advertising rarely gives consumers much useful information. Correct Answer: advertising rarely gives consumers much useful information. Question 11 Which statement is accurate in its description of consumer protection? Selected Answer: The Consumer Product Safety Commission has the power to order recalls. Correct Answer: The Consumer Product Safety Commission has the power to order recalls. Question 12 Terms like “can be,” “as much as,” and “help,” are examples of Selected Answer: y. ambiguit Correct Answer: y. ambiguit Question 13 Before the case of MacPherson v. Buick Motor Car in 1916, the law based a manufacturer's liability for injuries due to a defective product on Selected Answer: the direct contractual relationship between the producer and the consumer. Correct Answer: the direct contractual relationship between the producer and the consumer. Question 14 The case of FTC v. Standard Education was important in the legal transition Selected toward something like the ignorant consumer Business Ethics Q & A Answer: Correct Answer: standard. toward something like the ignorant consumer standard. Question 15 The case of MacPherson v. Buick Motor Car in 1916 changed product liability law. As a result of it, the courts Selected Answer: permitted consumers to sue manufacturers with whom they had no contractual relationships. Correct Answer: permitted consumers to sue manufacturers with whom they had no contractual relationships. What is cost-benefit analysis? Selected Answer: D. Calculation designed to determine where it's worthwhile to incur a particular cost.