The primary objective of u.s. antitrust laws is to

QUESTION 13 The primary objective of U.S. antitrust laws is to a. protect consumers from high prices and foreign products. b. distinguish competitive strategies that enhance consumer welfare from those that reduce it. c. protect employees. d. promote strategies that enhance business welfare over consumer welfare. e protect domestic businesses. QUESTION 14 Which of the following acts exempted the insurance industry from antitrust legislation? a. Sherman Antitrust Act of 1890 b. Civil Rights Act of 1964 c. Occupational Safety and Health Act of 1970 d. McCarran-Ferguson Act of 1944 e.Equal Pay Act of 1963 QUESTION 15 Which of the following is the first step in the ethical decision making process? a Being socialized into the firm’s corporate culture b. Applying a personal moral philosophy in order to individualize the ethical decision making process c. Soliciting the opinions of others in a work group or in the overall business in order to gain feedback d. Enforcing the firm’s ethical standards with rewards and punishment e. Recognizing that an ethical issue exists QUESTION 16 Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance? a Federal Sentencing Guidelines for Organizations, Sarbanes-Oxley Act, and Dodd-Frank Act b. Department of Justice, Dodd-Frank Act, and Sarbanes-Oxley Act c. Securities and Exchange Commission and Sarbanes-Oxley Act d. Food and Drug Administration, Federal Sentencing Guidelines for Organizations, and Sarbanes-Oxley Act e. Department of Justice, Sarbanes-Oxley Act, and Open Compliance Ethics Group

QUESTION 13 The primary objective of U.S. antitrust laws is to a. protect consumers from high prices and foreign products. b. distinguish competitive strategies that enhance consumer welfare from those that reduce it. c. protect employees. d. promote strategies that enhance business welfare over consumer welfare. e protect domestic businesses. QUESTION 14 Which of the following acts exempted the insurance industry from antitrust legislation? a. Sherman Antitrust Act of 1890 b. Civil Rights Act of 1964 c. Occupational Safety and Health Act of 1970 d. McCarran-Ferguson Act of 1944 e.Equal Pay Act of 1963 QUESTION 15 Which of the following is the first step in the ethical decision making process? a Being socialized into the firm’s corporate culture b. Applying a personal moral philosophy in order to individualize the ethical decision making process c. Soliciting the opinions of others in a work group or in the overall business in order to gain feedback d. Enforcing the firm’s ethical standards with rewards and punishment e. Recognizing that an ethical issue exists QUESTION 16 Which of the following provide incentives for developing core practices within a firm that could help ensure ethical and legal compliance? a Federal Sentencing Guidelines for Organizations, Sarbanes-Oxley Act, and Dodd-Frank Act b. Department of Justice, Dodd-Frank Act, and Sarbanes-Oxley Act c. Securities and Exchange Commission and Sarbanes-Oxley Act d. Food and Drug Administration, Federal Sentencing Guidelines for Organizations, and Sarbanes-Oxley Act e. Department of Justice, Sarbanes-Oxley Act, and Open Compliance Ethics Group

Answer

13. c. Protect employees is the primary
objective of U.S. antitrust laws. Whereas the remaining ones are
not relevant in this context.

14. d. McCarran-Ferguson Act of 1944 is the act
which exempted the insurance industry from antitrust
legislation.

15. e. Recognizing that an ethical issue exists
is the first step in the ethical decision-making process.

16. a. Federal Sentencing Guidelines
for Organizations, Sarbanes-Oxley Act, and Dodd-Frank Act
provide incentives for developing core practices within a firm that
could help ensure ethical and legal compliance.