Since the expiration of the last labor contract, union workers at Royalty Products have been working without a contract. However, after management cancels negotiations with the union, workers walk off the job. What negotiating tactic does this reflect?
A) Strike
B) Picketing
C) Boycott
D) Lockout
E) Arbitration
Question 2 - Which of the following violates the ethical principle of avoiding conflicts of interest?
A) You take unfair advantage of a supplier in order to maximize profits.
B) You misrepresent a competitor's product in order to win a new client.
C) You fail to disclose a known product defect in order to avoid the cost of a product recall.
D) You choose a supplier because you are a shareholder in the supplier's company and stand to gain personally from the decision.
E) You hide financial losses from investors in order to protect the price of the company's stock.
Question 3 - A union urges consumers to stop buying goods from a local retailer because of its anti-union stance. This is an example of:
A) a strike.
B) an injunction.
C) a boycott.
D) a lockout.
E) a work slowdown.
Question 4 - If a clothing manufacturer intentionally hid the fact that it uses hazardous chemicals in the production process, it would be violating which of the three primary components of business ethics?
A) Being transparent
B) Avoiding conflicts of interest
C) Insider trading
D) Sustainability
E) Competing to win
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