MNGT 482: Exam 2 Practice Questions and Answers

MNGT 482: Exam 2 Practice Questions and Answers The Latin phrase, caveat emptor, means: a. let the seller beware b. let the buyer beware c. let the government beware d. all of the above - Ans:-b. let the buyer beware Consumers have become more dependent on businesses for product quality because? a. the complexity of products makes choices complicated for consumers b. competition has forced manufacturers to market lower-quality goods c. all of the above - Ans:-a. the complexity of products makes choices complicated for consumers ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 2/11 The consumer's right to privacy assures that information disclosed in the course of a commercial transaction is not shared with others unless authorized a. true b. false - Ans:-a. true Which of the following statements is true about the organization Consumer Reports? a. it is supported by the Federal Government (ex. receives funding) b. it conducts tests on consumer products/services and publishes results in its magazine c. it's involved in promoting the interest of buyers and sellers d. all of the above - Ans:-b. it conducts tests on consumer products/services and publishes results in its magazine Which of the following is/are a right(s) of consumers? a. the right to safety ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 3/11 b. the right to be heard c. the right to be informed d. all of the above e. only a and b are correct - Ans:-d. all of the above Which of the following departments was established in 1914 and has been given additional powers to protect consumers over the years, including in the area of online privacy? a. The Federal Trade Commission b. The Consumer Product Safety Commission c. The Food and Drug Administration d. The Department of Justice (Anti-Trust Division) e. The Consumer Reports - Ans:-a. The Federal Trade Commission Polygraph testing has been replaced by written psychological tests. a. true ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 4/11 b. false - Ans:-a. true Employees in the United States have a legal right to: a. unionize and bargain collectively b. safe and healthful workplace c. employment (secure job) d. all of the above e. only a and b are correct - Ans:-e. only a and b are correct A reason for an increase in employee monitoring includes: a. to avoid lawsuits in case employees act inappropriately b. to achieve greater efficiency at work c. to make sure employees do not disclose confidential information d. all of the above ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 5/11 e. only a and b are correct - Ans:-d. all of the above Privacy rights seek to protect the employees' private lives from: a. competitors' actions b. workplace violence c. intrusive business actions d. pressure to unionize e. all of the above - Ans:-c. intrusive business actions Which of the following is an argument favoring empl