1. In many federal agencies, an independent official presides over disputes between business and government. What is this official called?

A. The Regulatory Executive

B. The Chief Regulatory Officer

C. The Comptroller General

D. The Administrative Law judge

2. How do the authors distinguish between ethic and morals?

A. All of the Above

B. Ethics is a system of beliefs about how to behave; morals indicates their practice

C. Ethics is doing the right thing for society; morals focuses on individual behavior

D. Ethics is based in law; morals is based in religion.

3. Which is not one of the three major areas of Consumer Protection Laws & Regulations?

A. Consumer protection from unfair competition and deceptive practices

B. Consumer product safety

C. Prevention of fraud and misrepresentation of food, drugs & cosmetics

D. Consumer protection from unfair mortgage rates and practices

4. What is the difference between a presidential and a parliamentary system?

A. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they only vote for their legislative representative

B. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they vote for judges and legislatures

C. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they don't vote for any national office

D. In a presidential system, the people vote for the Chief Executive while in a Parliamentary system they vote for the entire cabinet

5. The Federal Reserve System (also known as The Federal Reserve or the FED) has had its role expended over the years to include which of the following:

A. It supervises and regulates banking institutions

B. All of the above

C. It stabilizes the financial system and contains systemic risk in financial markets

D. It plays a major role in operating the nation's payments system

6. Which are not among the 10 things identified in the reading that are said to encourage corporate social responsibility and ethical behavior?

A. A thoughtful stakeholder analysis

B. Ethical Training

C. Regular bonuses to high performing employees

D. Ethics awards and special recognition for ethical behavior

7. Which are NOT the arguments for building an ethical business culture?

A. Widespread industry law breaking and flagrant market manipulation leads to government intervention and increased regulation (e.g. Sarbanes-Oxley)

B. Ethical practices provide tax write-offs

C. Economic viability is a pragmatic reality and a responsibility to owners, employees, creditors, etc.

D. Breaking laws put the company at risk; exposes the company to loss of value and revenue

8. Congress could not levy taxes; rather, it could request levies from the states, which were consistently ignored.This is characteristic of which era?

A. Big Government

B. Small Government

C. Anti-Central Government

D. Moderate Size Government

9. In which era did the federal government begin its protracted period of disinvestment in government responsibilities through deregulation, privatization and devolution to the states?

A. Anti-Central Government

B. Small Government

C. Rightsizing Government

D. Big Government