Question 1

If a company strictly complies with existing laws,the firm will

Accepted Answer

A)  fulfill all business ethics obligations. 
B)  fulfill no business ethics obligations. 
C)  fulfill some business ethics obligations. 
D)  not need to fulfill any business ethics obligations. 
A)  fulfill all business ethics obligations. 
B)  fulfill no business ethics obligations. 
C)  fulfill some business ethics obligations. 
D)  not need to fulfill any business ethics obligations.

Question 2

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Accepted Answer

A) True 
 B)False

Question 3

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Accepted Answer

A) True 
 B)False

Question 4

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

Accepted Answer

A) True 
 B)False

Question 5

Ethics is important because laws may not always be easy to interpret or apply.This is because

Accepted Answer

A)  laws are very organized and structured and so are complicated to read. 
B)  laws represent the will of the people and that will is often changing. 
C)  laws are created by the political process and are the result of compromise. 
D)  laws often have definition provisions to explain the meaning of terms. 
A)  laws are very organized and structured and so are complicated to read. 
B)  laws represent the will of the people and that will is often changing. 
C)  laws are created by the political process and are the result of compromise. 
D)  laws often have definition provisions to explain the meaning of terms.

Question 6

Duty-based ethics is based in the idea that every business has certain duties to others.

Accepted Answer

A) True 
 B)False

Question 7

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Accepted Answer

A)  the highest ethical level. 
B)  the lowest ethical level. 
C)  the only ethical level. 
D)  irrelevant. 
A)  the highest ethical level. 
B)  the lowest ethical level. 
C)  the only ethical level. 
D)  irrelevant.

Question 8

Cody makes a business decision based on financial outcomes first,and then attempts to argue that it is ethical as well when it may not be.Cody is

Accepted Answer

A)  rationalizing his decision. 
B)  questioning his decision. 
C)  using the utilitarian approach. 
D)  using the stakeholder approach. 
A)  rationalizing his decision. 
B)  questioning his decision. 
C)  using the utilitarian approach. 
D)  using the stakeholder approach.

Question 9

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Accepted Answer

A)  compares to religious principles. 
B)  affects the rights of others. 
C)  causes consequences that would follow if everyone acted the same way. 
D)  supports the right to make a profit. 
A)  compares to religious principles. 
B)  affects the rights of others. 
C)  causes consequences that would follow if everyone acted the same way. 
D)  supports the right to make a profit.

Question 10

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Accepted Answer

A)  protocols for company meetings. 
B)  questions of workplace diversity. 
C)  compliance with environmental regulations. 
D)  application of safety standards. 
A)  protocols for company meetings. 
B)  questions of workplace diversity. 
C)  compliance with environmental regulations. 
D)  application of safety standards.

Question 11

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Accepted Answer

A) True 
 B)False

Question 12

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Accepted Answer

A)  the moral minimum. 
B)  corporate social responsibility. 
C)  the categorical imperative. 
D)  the triple bottom line. 
A)  the moral minimum. 
B)  corporate social responsibility. 
C)  the categorical imperative. 
D)  the triple bottom line.

If a company strictly complies with existing laws,the firm will

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

Ethics is important because laws may not always be easy to interpret or apply.This is because

Duty-based ethics is based in the idea that every business has certain duties to others.

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Cody makes a business decision based on financial outcomes first,and then attempts to argue that it is ethical as well when it may not be.Cody is

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Business and the Constitution

Torts and Product Liability

Criminal Law and Cyber Crime

International and Space Law

Intellectual Property Rights

Internet Law, social Media, and Privacy

The Formation of Traditional and E-Contracts

Contract Performance, breach, and Remedies

Sales and Lease Law

Creditor-Debtor Relations and Bankruptcy

Agency Relationships

Employment, immigration, and Labor Law

Employment Discrimination

Business Organizations

Corporations

Investor Protection and Corporate Governance

Administrative Law

Consumer Protection

Environmental Law

Real and Personal Property

Antitrust Law and Promoting Competition

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Exam 3: Ethics in Business

If a company strictly complies with existing laws,the firm will

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

Ethics is important because laws may not always be easy to interpret or apply.This is because

Duty-based ethics is based in the idea that every business has certain duties to others.

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Cody makes a business decision based on financial outcomes first,and then attempts to argue that it is ethical as well when it may not be.Cody is

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Business and the Constitution

Torts and Product Liability

Criminal Law and Cyber Crime

International and Space Law

Intellectual Property Rights

Internet Law, social Media, and Privacy

The Formation of Traditional and E-Contracts

Contract Performance, breach, and Remedies

Sales and Lease Law

Creditor-Debtor Relations and Bankruptcy

Agency Relationships

Employment, immigration, and Labor Law

Employment Discrimination

Business Organizations

Corporations

Investor Protection and Corporate Governance

Administrative Law

Consumer Protection

Environmental Law

Real and Personal Property

Antitrust Law and Promoting Competition

Filters