Lesson 3.16.1

3.16.1 Ethical factors Quiz: OCR Business, Unit 3

20 questions

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Lesson 3.16.1, Ethical factors: 20 multiple choice questions for the OCR Business (H431), Unit 3: External influences, written with Revision Ninja.

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The 20 questions

  1. How do legal obligations differ from ethical standards in business practice?

    • Laws are voluntary
    • Ethics carry fines
    • Laws are mandatory
    • Ethics are mandatory
  2. Which feature is guaranteed to farmers through Fairtrade certification?

    • Zero tax
    • Minimum price
    • Guaranteed profit
    • Maximum quota
  3. Which UK act requires businesses to ensure safe working conditions for employees?

    • Health and Safety
    • Equality Act
    • Consumer Rights Act
    • Data Protection Act
  4. Which UK law protects workers from discrimination based on age or gender?

    • Consumer Rights Act
    • Employment Rights Act
    • Trade Union Act
    • Equality Act
  5. Which regulation governs how UK businesses collect and store personal customer data?

    • Data Protection Act
    • Companies Act
    • Consumer Credit Act
    • Fair Trading Act
  6. What is the formal evaluation of a firm's social impact called?

    • Financial audit
    • Social audit
    • Credit check
    • Tax return
  7. Which legislation protects UK consumers who buy faulty or misdescribed products?

    • Sales Tax Act
    • Competition Act
    • Contract Rights Act
    • Consumer Rights Act
  8. What tax is charged to UK businesses to reduce landfill waste?

    • Excise Duty
    • Carbon Duty
    • Landfill Tax
    • Corporation Tax
  9. A fashion retailer switches to organic cotton suppliers. What objective is being pursued?

    • Market dominance
    • Environmental sustainability
    • Cost minimisation
    • Profit maximisation
  10. What is an immediate legal penalty for a firm breaching health and safety laws?

    • Tax relief
    • Financial fine
    • Increased sales
    • Lower insurance
  11. A factory delays installing pollution filters to keep costs low. What conflict exists?

    • Ethics vs profit
    • Safety vs equality
    • Profit vs liquidity
    • Ethics vs quality
  12. In the Triple Bottom Line framework, which element represents social performance?

    • Planet
    • People
    • Product
    • Profit
  13. An employee publicly reveals their firm is illegally dumping chemical waste. What is this?

    • Blacklisting
    • Lobbying
    • Whistleblowing
    • Corporate raiding
  14. A business voluntarily pays the Real Living Wage instead of NMW. How does this affect unit costs?

    • Decreases unit costs
    • Has zero effect
    • Eliminates unit costs
    • Increases unit costs
  15. Under GDPR, what is the maximum fine for a severe data breach?

    • 10 percent turnover
    • 4 percent turnover
    • 50 percent turnover
    • 1 percent turnover
  16. What legal instrument prevents competitors from copying a business's unique technical invention?

    • Trade description
    • Trademark
    • Patent
    • Copyright
  17. How can a business best align ethical trading practices with long-term profitability?

    • Predatory pricing
    • Premium pricing strategy
    • Reducing wages
    • Cost cutting strategy
  18. What is a primary short-term financial disadvantage of adopting ethical supplier standards?

    • Lower brand value
    • Loss of patents
    • Increased tax liability
    • Higher production costs
  19. How do pressure groups primarily force businesses to adopt more ethical practices?

    • Granting court injunctions
    • Public boycott campaigns
    • Passing new acts
    • Setting interest rates
  20. Which element is legally required for a commercial contract to be binding in UK law?

    • Consideration
    • Director signature
    • Ethical approval
    • Public announcement

All OCR Business quizzes