Reference no: EM131797393

1. Ethical issues with the sale of consumer financial products largely arise from the fact that the industry is based on

a. Deceptive advertising

b. Personal sales

c. Internet sales

d. Pyramid schemes

2. The idea that corporations exist primarily for economic purposes is a key tenet of the _____view?

a. Societal

b. Competitive

c. Business

d. Classical

3. When there is a temporary shortage of goods, such as water or lumber before a hurricane, there is a higher risk of

a. Misleading prices

b. Price gouging

c. Price-fixing

d. Predatory pricing

4. Which of the following is an example of a purely market demand for corporate social responsibility?

a. Consumers pressure a clothing distributor not to sell clothes made in a sweatshop.

b. The National Organization for Women pushes for equal pay for women.

c. The U.S. government passes a law regulating the disposal of industrial waste.

d. A watchdog group publishes a list of companies who employ children overseas.

5. Deception is an ever-present danger in financial selling mostly because,

a. the customer has to rely on the seller for all of the relevant information

b. financial salespeople often do not know very much about the securities they sell

c. there are not many laws that regulate financial services

d. no one ever has all the information at a given time

6. A significant ethical issue facing Internet consumers is the inability to ________.

a. sell personal ads

b. track other consumers' information

c. create online accounts

d. identify how personal data are collected and used