QUESTION 1 Ethical issues with the sale of consumer financial products largely a
ID: 380463 • Letter: Q
Question
QUESTION 1
Ethical issues with the sale of consumer financial products largely arise from the fact that the industry is based on
Deceptive advertising
Personal sales
Internet sales
Pyramid schemes
2 points
QUESTION 2
The idea that corporations exist primarily for economic purposes is a key tenet of the _____view?
Societal
Competitive
Business
Classical
2 points
QUESTION 3
When there is a temporary shortage of goods, such as water or lumber before a hurricane, there is a higher risk of
Misleading prices
Price gouging
Price-fixing
Predatory pricing
2 points
QUESTION 4
Which of the following is an example of a purely market demand for corporate social responsibility?
Consumers pressure a clothing distributor not to sell clothes made in a sweatshop.
The National Organization for Women pushes for equal pay for women.
The U.S. government passes a law regulating the disposal of industrial waste.
A watchdog group publishes a list of companies who employ children overseas.
2 points
QUESTION 5
Deception is an ever-present danger in financial selling mostly because,
the customer has to rely on the seller for all of the relevant information
financial salespeople often do not know very much about the securities they sell
there are not many laws that regulate financial services
no one ever has all the information at a given time
2 points
QUESTION 6
A significant ethical issue facing Internet consumers is the inability to ________.
sell personal ads
track other consumers' information
create online accounts
identify how personal data are collected and used
a.Deceptive advertising
b.Personal sales
c.Internet sales
d.Pyramid schemes
Explanation / Answer
1. B ( personal sales)
2. D ( classical)
3. B ( price gouging)
4. A (consumers pressure a clothing distributor not to sell clothes made in a sweatshop)
5. A ( the customer has to rely on the seller for all of the relevant information)
6. D ( identify how personal data are collected and used)
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