MSS 0215 CHAPTER 28 Business Ethics TOP
EXAM QUESTIONS AND CORRECT ANSWERS
Fiduciary Duty - CORRECT ANSWERS A legal obligation of one party to act in the best
interest of another.
Occupational License - CORRECT ANSWERS Licenses issued by government agencies,
which indicate that a worker has completed a certain type of education or passed a certain test
Zoning Ordinance - CORRECT ANSWERS A law that limits the permitted uses of land and
maximum density of development in a community.
Deceptive Advertising - CORRECT ANSWERS According to the FTC, any ad in which there is
a misrepresentation, omission, or other practice that can mislead a significant number of
reasonable consumers to their detriment.
Fair Compensation - CORRECT ANSWERS Determined partially by the usual rate for
massage in a location
Business license - CORRECT ANSWERS Required by a town or city government to operate
a commercial enterprise in that jurisdiction
Copyright laws - CORRECT ANSWERS Laws designed to protect intellectual property rights
and provide potential monetary rewards for inventiveness and hard work
Trademarks - CORRECT ANSWERS Offer exclusive use of a name or symbol to identify
unique goods and services and use the symbol ™ or ® for registered trademarks
EXAM QUESTIONS AND CORRECT ANSWERS
Fiduciary Duty - CORRECT ANSWERS A legal obligation of one party to act in the best
interest of another.
Occupational License - CORRECT ANSWERS Licenses issued by government agencies,
which indicate that a worker has completed a certain type of education or passed a certain test
Zoning Ordinance - CORRECT ANSWERS A law that limits the permitted uses of land and
maximum density of development in a community.
Deceptive Advertising - CORRECT ANSWERS According to the FTC, any ad in which there is
a misrepresentation, omission, or other practice that can mislead a significant number of
reasonable consumers to their detriment.
Fair Compensation - CORRECT ANSWERS Determined partially by the usual rate for
massage in a location
Business license - CORRECT ANSWERS Required by a town or city government to operate
a commercial enterprise in that jurisdiction
Copyright laws - CORRECT ANSWERS Laws designed to protect intellectual property rights
and provide potential monetary rewards for inventiveness and hard work
Trademarks - CORRECT ANSWERS Offer exclusive use of a name or symbol to identify
unique goods and services and use the symbol ™ or ® for registered trademarks
