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.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
How do legal obligations differ from ethical standards in business practice?
- Laws are voluntary
- Ethics carry fines
- Laws are mandatory
- Ethics are mandatory
-
Which feature is guaranteed to farmers through Fairtrade certification?
- Zero tax
- Minimum price
- Guaranteed profit
- Maximum quota
-
Which UK act requires businesses to ensure safe working conditions for employees?
- Health and Safety
- Equality Act
- Consumer Rights Act
- Data Protection Act
-
Which UK law protects workers from discrimination based on age or gender?
- Consumer Rights Act
- Employment Rights Act
- Trade Union Act
- Equality Act
-
Which regulation governs how UK businesses collect and store personal customer data?
- Data Protection Act
- Companies Act
- Consumer Credit Act
- Fair Trading Act
-
What is the formal evaluation of a firm's social impact called?
- Financial audit
- Social audit
- Credit check
- Tax return
-
Which legislation protects UK consumers who buy faulty or misdescribed products?
- Sales Tax Act
- Competition Act
- Contract Rights Act
- Consumer Rights Act
-
What tax is charged to UK businesses to reduce landfill waste?
- Excise Duty
- Carbon Duty
- Landfill Tax
- Corporation Tax
-
A fashion retailer switches to organic cotton suppliers. What objective is being pursued?
- Market dominance
- Environmental sustainability
- Cost minimisation
- Profit maximisation
-
What is an immediate legal penalty for a firm breaching health and safety laws?
- Tax relief
- Financial fine
- Increased sales
- Lower insurance
-
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
-
In the Triple Bottom Line framework, which element represents social performance?
- Planet
- People
- Product
- Profit
-
An employee publicly reveals their firm is illegally dumping chemical waste. What is this?
- Blacklisting
- Lobbying
- Whistleblowing
- Corporate raiding
-
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
-
Under GDPR, what is the maximum fine for a severe data breach?
- 10 percent turnover
- 4 percent turnover
- 50 percent turnover
- 1 percent turnover
-
What legal instrument prevents competitors from copying a business's unique technical invention?
- Trade description
- Trademark
- Patent
- Copyright
-
How can a business best align ethical trading practices with long-term profitability?
- Predatory pricing
- Premium pricing strategy
- Reducing wages
- Cost cutting strategy
-
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
-
How do pressure groups primarily force businesses to adopt more ethical practices?
- Granting court injunctions
- Public boycott campaigns
- Passing new acts
- Setting interest rates
-
Which element is legally required for a commercial contract to be binding in UK law?
- Consideration
- Director signature
- Ethical approval
- Public announcement
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