1. What is the difference between compliance and ethics?

a. Ethics is doing the right thing; compliance is following the law

b. Ethics is meaningful; compliance is a waste of time

c. Ethics is theoretical; compliance is practical

d. Ethics is changing the law; compliance is following the law

2. A restaurant chain operates all the globe but has very different menus in each country. What business structure should it consider adopting?

a. Functional structure

b. Networked structure

c. Product divisional structure

d. Geographic structure

3. Which of the following is a broad statement of a what a company wants to accomplish?

a. Mission statement

b. Vision statement

c. PESTEL analysis

d. Code of ethics

4. Which of the following is not a law that managers need to follow when hiring and promoting employees?

a. Americans with Disabilities Act

b. Fair Labor Standards Act

c. Age Discrimination in Employment Act

d. Sarbanes-Oxley Act

5. Which of the following statements about technology is accurate?

a. Every business should expect to deal with technological change

b. Every company should try to be on the cutting edge of technology

c. It is always most cost-effective to develop technology in-house

d. Businesses should never operate Research & Development units