NOCTI Business Ethics and Legalities 2

Question 1

What is the primary purpose of the Occupational Safety and Health Act (OSHA)?

Accepted Answer

To ensure safe and healthful working conditions for employees

Answer

To regulate employee wages and benefits

Answer

To manage workers' compensation claims

Answer

To establish hiring and firing procedures

Question 2

What does the term 'conflict of interest' mean in a business context?

Accepted Answer

A situation where personal interests could compromise professional judgment

Answer

A dispute between two competing companies

Answer

A disagreement between employees about work procedures

Answer

A legal battle over intellectual property

Question 3

Which federal law prohibits discrimination in employment based on race, color, religion, sex, or national origin?

Accepted Answer

Title VII of the Civil Rights Act of 1964

Answer

Americans with Disabilities Act

Answer

Fair Labor Standards Act

Answer

Family and Medical Leave Act

Question 4

What is a non-disclosure agreement (NDA)?

Accepted Answer

A legal contract requiring parties to keep certain information confidential

Answer

A contract preventing an employee from working for competitors

Answer

A document outlining employee benefits and compensation

Answer

An agreement about workplace safety procedures

Question 5

What is the purpose of a code of ethics in a business organization?

Accepted Answer

To establish standards of behavior and guide decision-making

Answer

To set product pricing guidelines

Answer

To determine employee salary structures

Answer

To outline marketing strategies

Question 6

What does 'intellectual property' refer to in business law?

Accepted Answer

Creations of the mind protected by law, such as patents, copyrights, and trademarks

Answer

Physical assets owned by a company

Answer

Employee knowledge and skills

Answer

Office equipment and technology