Question 1

A/n _______ is a neutral party who makes a binding decision for management and labor.

Accepted Answer

A) teamster 
B) ombud 
C) arbitrator 
D) mediator 
E) collector 
A) teamster 
B) ombud 
C) arbitrator 
D) mediator 
E) collector

Question 2

Which statement about employee rights is not correct?

Accepted Answer

A) Employees have the right to benefits. 
B) Employees have the right to due process, to be treated fairly. 
C) Employees have the right to a safe and healthy workplace. 
D) Employees have the right to personal off-the-job privacy, but not to business-related privacy at work. 
E) Employees have the right to freedom of speech and to blow the whistle for wrongdoing at work without penalty. 
A) Employees have the right to benefits. 
B) Employees have the right to due process, to be treated fairly. 
C) Employees have the right to a safe and healthy workplace. 
D) Employees have the right to personal off-the-job privacy, but not to business-related privacy at work. 
E) Employees have the right to freedom of speech and to blow the whistle for wrongdoing at work without penalty.

Question 3

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

Accepted Answer

A) True 
 B)False

Question 4

The employer-employee relationship is critical because it affects the performance of the business.

Accepted Answer

A) True 
 B)False

Question 5

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

Accepted Answer

A) True 
 B)False

Question 6

What is the mission of the Security and Exchange Commission (SEC)?

Accepted Answer

A) To help stockholders by trading the stocks for buyers and sellers. 
B) To approve which stocks can be bought and sold in the stock market and to oversee the exchange of stocks. 
C) To protect stockholders' rights by regulating the stock market to make sure it is run fairly and that investment information is fully disclosed. 
D) To fine businesses that break the rules of the stock exchange including fraud. 
E) To guarantee profits for all shareholders. 
A) To help stockholders by trading the stocks for buyers and sellers. 
B) To approve which stocks can be bought and sold in the stock market and to oversee the exchange of stocks. 
C) To protect stockholders' rights by regulating the stock market to make sure it is run fairly and that investment information is fully disclosed. 
D) To fine businesses that break the rules of the stock exchange including fraud. 
E) To guarantee profits for all shareholders.

Question 7

Which statement correctly describes ombuds?

Accepted Answer

A) They are used primarily during employment negotiating to help settle disagreements and to make a binding decision for them. 
B) They are primarily used to investigate and help settle employee complaints between employers and employees fairly. 
C) They are primarily used to help employers get workers. 
D) They are primarily used to help businesses meet employee rights. 
E) None of these statements are correct. 
A) They are used primarily during employment negotiating to help settle disagreements and to make a binding decision for them. 
B) They are primarily used to investigate and help settle employee complaints between employers and employees fairly. 
C) They are primarily used to help employers get workers. 
D) They are primarily used to help businesses meet employee rights. 
E) None of these statements are correct.

Question 8

OSHA stands for Ombudsman Safety and Hazard Authority.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements is true about the employer-employee relationship?

Accepted Answer

A) It does not usually affect business performance. 
B) It affects society and government operations. 
C) If transit workers in New York go on strike, it does not affect the general public. 
D) The National Football League lockout only affected owners and players. 
E) Employer-employee relations affect only the market environment. 
A) It does not usually affect business performance. 
B) It affects society and government operations. 
C) If transit workers in New York go on strike, it does not affect the general public. 
D) The National Football League lockout only affected owners and players. 
E) Employer-employee relations affect only the market environment.

Question 10

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

Accepted Answer

A) True 
 B)False

Question 11

Unions in the United States are on the rise.

Accepted Answer

A) True 
 B)False

Question 12

_______ provide workers with desired outcomes and protection from undesired outcomes.

Accepted Answer

A) Unionizations 
B) Employee rights 
C) Employer concessions 
D) Arbitrations 
E) Whistleblowing 
A) Unionizations 
B) Employee rights 
C) Employer concessions 
D) Arbitrations 
E) Whistleblowing

Question 13

Which statements about corporate stakeholders and their primary power are correct?

Accepted Answer

A) The stockholders are only individuals and do not include institutional investors. 
B) The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors. 
C) Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations. 
D) Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking. 
E) The board of directors provides strategic direction and governance and oversees the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers. 
A) The stockholders are only individuals and do not include institutional investors. 
B) The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors. 
C) Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations. 
D) Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking. 
E) The board of directors provides strategic direction and governance and oversees the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers.

Question 14

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Accepted Answer

A) Ombudsmanship 
B) Mediation 
C) Due process 
D) Governance 
E) Employment at will 
A) Ombudsmanship 
B) Mediation 
C) Due process 
D) Governance 
E) Employment at will

Question 15

Which statement about employment contracts in union and nonunion organizations is not correct?

Accepted Answer

A) All employer-employee relations include employment contracts. 
B) Nonunion employment contracts are negotiated on an individual basis; they are usually implicit, informal, and not written. 
C) Union employment contracts are developed through collective bargaining and affect all union members. 
D) Union employment contracts are usually explicit, formal, and written legal contracts. 
E) All of these statements are correct. 
A) All employer-employee relations include employment contracts. 
B) Nonunion employment contracts are negotiated on an individual basis; they are usually implicit, informal, and not written. 
C) Union employment contracts are developed through collective bargaining and affect all union members. 
D) Union employment contracts are usually explicit, formal, and written legal contracts. 
E) All of these statements are correct.

Question 16

How does innovation impact a business's performance?

Accepted Answer

Innovation can have a significant impact

Question 17

Which statements about boards of directors are correct?

Accepted Answer

A) Outside directors are employees or people who have other ties to the company. 
B) Outside directors provide a method of balancing power and a system of checks and balances to help prevent corruption. 
C) The potential problem of inside directors is that they are often beholden to the CEO and may agree with whatever the executive wants. 
D) Board members are balanced in gender and ethnicity. 
E) Outside directors are rarely friends of a company's CEO, and thus provide fair and impartial opinions about the business's operations. 
A) Outside directors are employees or people who have other ties to the company. 
B) Outside directors provide a method of balancing power and a system of checks and balances to help prevent corruption. 
C) The potential problem of inside directors is that they are often beholden to the CEO and may agree with whatever the executive wants. 
D) Board members are balanced in gender and ethnicity. 
E) Outside directors are rarely friends of a company's CEO, and thus provide fair and impartial opinions about the business's operations.

Question 18

Which of the following are employee rights based on?

Accepted Answer

A) personalities of management 
B) whims and fancies 
C) emotions 
D) ethical and legal employer expectations 
E) agreements and contracts 
A) personalities of management 
B) whims and fancies 
C) emotions 
D) ethical and legal employer expectations 
E) agreements and contracts

A/n _______ is a neutral party who makes a binding decision for management and labor.

Which statement about employee rights is not correct?

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

The employer-employee relationship is critical because it affects the performance of the business.

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

What is the mission of the Security and Exchange Commission (SEC)?

Which statement correctly describes ombuds?

OSHA stands for Ombudsman Safety and Hazard Authority.

Which of the following statements is true about the employer-employee relationship?

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

Unions in the United States are on the rise.

_______ provide workers with desired outcomes and protection from undesired outcomes.

Which statements about corporate stakeholders and their primary power are correct?

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Which statement about employment contracts in union and nonunion organizations is not correct?

How does innovation impact a business's performance?

Which statements about boards of directors are correct?

Which of the following are employee rights based on?

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

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Exam 3: What Business How Do You Find Opportunities and Develop a Business Model

A/n _______ is a neutral party who makes a binding decision for management and labor.

Which statement about employee rights is not correct?

Today, it is common for ex-employees to take the firm to court to get back their jobs through employee lawsuits.

The employer-employee relationship is critical because it affects the performance of the business.

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

What is the mission of the Security and Exchange Commission (SEC)?

Which statement correctly describes ombuds?

OSHA stands for Ombudsman Safety and Hazard Authority.

Which of the following statements is true about the employer-employee relationship?

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

Unions in the United States are on the rise.

_______ provide workers with desired outcomes and protection from undesired outcomes.

Which statements about corporate stakeholders and their primary power are correct?

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Which statement about employment contracts in union and nonunion organizations is not correct?

How does innovation impact a business's performance?

Which statements about boards of directors are correct?

Which of the following are employee rights based on?

Whats Entrepreneurship About Do You Want to Start Your Own Business

New Venture Options: Do You Want to Start a New Business, Buy One, Be a Franchisee, or a Corporate or Nonprofit Entrepreneur

How Do You Assess the Chances of Venture Success Feasibility Analysis and Protecting the Business Model Legally

Business Planning: Whats Your Legal Form and Strategy

The Marketing Plan: Who Are Your Customers

The Location and Layout Plan: What Facilities Do You Need

The Operations Plan: How Will You Make the Product

The Human Resource Plan: How Do You Develop the New Venture Team and Employees

The Finance Plan: How Much Money Do You Need

Sources of Funds: Where Do You Get the Money

Controls: How Do You Keep the New Venture on Track

Filters