EXAM PAPER 2026 QUESTIONS WITH
ANSWERS GRADED A+
◍ Legal Acts.
Answer: Acts that conform to the law
◍ The following list summarizes additional factors that can affect national
productivity rates:.
Answer: Labor productivity growth rates differ according to where a country
is in the business cycle—expansion or contraction. Times of expansion
enable organizations to gain full advantage of economies of scale and full
production. Times of contraction present fewer investment
opportunities.Outsourcing can skew productivity if the contracting firms
have different productivity rates than the outsourcing firms.Regulations
make it easier for companies in the United States to hire and fire workers
and to start and end business activities compared to many other
industrialized nations. This flexibility makes it easier for U.S. markets to
relocate workers to more productive firms and sectors.More competitive
markets for goods and services can provide greater incentives for
technological innovation and adoption as firms strive to keep ahead of
competitors.It can be difficult to measure the real output of such services as
accounting, customer service, and consulting that make up a significant
portion of today’s service-based economy.IT investments don’t always yield
tangible results, such as cost savings and reduced head count; instead, they
may produce intangible benefits, such as improved quality, reliability, and
service.
◍ advanced persistent threat (APT).
Answer: A network attack in which an intruder gains access to a network
, and stays there—undetected—with the intention of stealing data over a long
period of time (weeks or even months).
◍ Stakeholders.
Answer: Individuals, groups, or organizations that have an interest or
concern in a particular project, decision, or outcome
◍ cookie.
Answer: Text files that can be downloaded to the hard drives of users who
visit a website, so that the website is able to identify visitors on subsequent
visits.
◍ Stakeholder Legal & Unethical.
Answer: Ex: Corporation opens a new manufacturing division in a town,
legally complying with regulations, but it increases pollution, harming the
local communityStakeholders: Community members, environmental
groupsImpact: Negative on employees well-being and company reputation
◍ transference.
Answer: A risk management strategy in which the risk, should it happen,
does not rest solely on one individual or organization. For example, a
common way to accomplish risk transference is for an individual or an
organization to purchase insurance, such as auto or business liability
insurance. Another way to transfer risk is to outsource the risk by
contracting with a third party to manage the risk.
◍ 4 Organizational Issues (Ethical).
Answer: 1. Societal Issues2. Stakeholder Issues3. Internal Policy Issues4.
Personal Issues
◍ Ethics.
Answer: the rules of right and wrong in society
◍ Illegal-Ethical.
Answer: Actions that are considered ethical but violate laws, often done for
a higher moral purposeEx: A company facing financial hardship does
business with a less-than-legal organization in order to be able to pay
, employees
◍ industrial espionage.
Answer: The use of illegal means to obtain business information not
available to the general public.
◍ Stakeholders Illegal & Ethical.
Answer: Ex: Whistleblower leaks evidence of corporate fraud to expose
unethical practices, despite violating confidentiality
agreementsStakeholders: Employees, company leadership, regulators,
publicImpact: Protects public from fraud but breaks corporate policies and
potentially the law
◍ hazard log.
Answer: A logging and monitoring system used by safety engineers to track
hazards from a project's start to its finish.
◍ H-1B visa.
Answer: A temporary work visa granted by the U.S. Citizenship and
Immigration Services (USGIS) for people who work in specialty
occupations—jobs that require a four-year bachelor's degree in a specific
field, or equivalent experience.
◍ health information exchange (HIE).
Answer: The process of sharing patient-level electronic health information
between different organizations.
◍ Business Law.
Answer: A set of rules and regulations that govern the rights, relations, and
conduct of individuals and businesses engaged in commerce and trade
◍ Legal-Ethical.
Answer: Actions that are both permitted by law and align with ethical
standardsEx: Donating to charity, fair business practices, environmental
sustainability efforts,
◍ Children's Internet Protection Act (CIPA).
, Answer: An act passed in 2000; it required federally financed schools and
libraries to use some form of technological protection (such as an Internet
filter) to block computer access to obscene material, pornography, and
anything else considered harmful to minors.
◍ Stakeholder Legal & Ethical.
Answer: Ex: Company follows all labor laws and also pays employees
above minimum wage with excellent benefitsStakeholders: Employees,
company, investorsImpact: Positive impact on employee well-being and
company reputation
◍ Health Information Technology for Economic and Clinical Health Act
(HITECH).
Answer: A program to incentivize physicians and hospitals to implement
such systems. Under this act, increased Medicaid and Medicare
reimbursements are made to doctors and hospitals that demonstrate
"meaningful use" of electronic health record (EHR) technology.
◍ breach of the duty of care.
Answer: The failure to act as a reasonable person would act.
◍ Legal-Unethical.
Answer: Actions that are allowed by law but violate ethical standardsEx:
Exploiting loopholes to avoid taxes, aggressive marketing tactics that
deceive consumers
◍ botnet.
Answer: A large group of computers, which are controlled from one or more
remote locations by hackers, without the knowledge or consent of their
owners.
◍ Personal Ethics.
Answer: Form the basis for business ethics by guiding daily decisions
through values, work ethic, and handling challenges
◍ Code of Conduct.
Answer: A set of guidelines and standards that outline the expected