Question 1

According to St.Thomas Aquinas,the only true laws were those that followed ____________.

Accepted Answer

A)  reasoned law 
B)  customary law 
C)  eternal law 
D)  localized law 
A)  reasoned law 
B)  customary law 
C)  eternal law 
D)  localized law

Question 2

Which of the following are the three main theories under the comparative justice framework?

Accepted Answer

A)  Retributive, Kantian, and Rawlsian 
B)  Compensatory, comparative, and retributive 
C)  Distributive, compensatory, and retributive 
D)  Utilitarianism, teleological, and compensatory 
A)  Retributive, Kantian, and Rawlsian 
B)  Compensatory, comparative, and retributive 
C)  Distributive, compensatory, and retributive 
D)  Utilitarianism, teleological, and compensatory

Question 3

What was the result in the case of Bammert v.Don's Super Valu,Inc.,the case in the text involving the alleged retaliatory firing by the defendant of the wife of a police officer after the officer arrested the wife of the owner of Don's Super Valu?

Accepted Answer

A)  That the firing was prohibited because of the at-will employment principle. 
B)  That the firing was legal because of the at-will employment principle. 
C)  That the firing was prohibited because of a public policy exception to the at-will principle. 
D)  That the firing was legal because of the employment contract involved. 
A)  That the firing was prohibited because of the at-will employment principle. 
B)  That the firing was legal because of the at-will employment principle. 
C)  That the firing was prohibited because of a public policy exception to the at-will principle. 
D)  That the firing was legal because of the employment contract involved.

Question 4

List the two main schools of ethical thought and their main focus.

Accepted Answer

The two main schools of ethical thought

Question 5

Which of the following is part of Kant's categorical imperative?

Accepted Answer

A)  The form of an action rather than the intended result determines the ethical worth. 
B)  No one person's interest is given more weight than another. 
C)  Distribution favors the person getting the worst share. 
D)  Both that no one person's interest is given more weight than another and that distribution favors the person getting the worst share. 
A)  The form of an action rather than the intended result determines the ethical worth. 
B)  No one person's interest is given more weight than another. 
C)  Distribution favors the person getting the worst share. 
D)  Both that no one person's interest is given more weight than another and that distribution favors the person getting the worst share.

Question 6

Ethics and law are unrelated.

Accepted Answer

A) True 
 B)False

Question 7

Legislatures in only a minority of the states have enacted statutes authorizing corporate boards to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is true regarding the growth of socially responsible mutual funds?

Accepted Answer

A)  Such funds have remained flat with little change in America, but they have grown significantly in Europe. 
B)  Such funds have remained flat with little change in Europe, but they have grown significantly in America. 
C)  Both America and Europe have seen a decline in interest in socially responsible funds. 
D)  Both America and Europe have seen growth in socially responsible funds. 
A)  Such funds have remained flat with little change in America, but they have grown significantly in Europe. 
B)  Such funds have remained flat with little change in Europe, but they have grown significantly in America. 
C)  Both America and Europe have seen a decline in interest in socially responsible funds. 
D)  Both America and Europe have seen growth in socially responsible funds.

Question 9

Monica tells all her employees that she expects them to treat others as they would like to be treated. Which of following is a descriptive term for Monica's requirement?

Accepted Answer

A)  The Required Rule 
B)  The Accepted Rule 
C)  The Golden Rule 
D)  The Advanced Rule 
A)  The Required Rule 
B)  The Accepted Rule 
C)  The Golden Rule 
D)  The Advanced Rule

Question 10

The Deontological theory focuses on the consequences of an action rather than on the motivation of the individual.

Accepted Answer

A) True 
 B)False

Question 11

In which of the following are a majority of Fortune 500 companies incorporated?

Accepted Answer

A)  New York 
B)  California 
C)  Delaware 
D)  Connecticut 
A)  New York 
B)  California 
C)  Delaware 
D)  Connecticut

Question 12

Which of the following is a term for the maximization of shareholder value?

Accepted Answer

A)  Shareholder importance 
B)  Shareholder primacy 
C)  Value of shares maximization 
D)  Corporate allocation 
A)  Shareholder importance 
B)  Shareholder primacy 
C)  Value of shares maximization 
D)  Corporate allocation

Question 13

Which of the following is true regarding the Organization of Economic Cooperation and Development (OECD)?

Accepted Answer

A)  It is comprised of nations form North America, Europe, and Asia-Pacific. 
B)  It is a subsidiary of the European Union. 
C)  It is comprised of nations who entered into the North American Free Trade Agreement. 
D)  It is comprised of states inside the U.S. 
A)  It is comprised of nations form North America, Europe, and Asia-Pacific. 
B)  It is a subsidiary of the European Union. 
C)  It is comprised of nations who entered into the North American Free Trade Agreement. 
D)  It is comprised of states inside the U.S.

Question 14

Which of the following plays the most significant role in instilling a sense of ethics throughout an organization?

Accepted Answer

A)  The CEO 
B)  The human resources manager 
C)  Each employee's immediate supervisor 
D)  The employees themselves 
A)  The CEO 
B)  The human resources manager 
C)  Each employee's immediate supervisor 
D)  The employees themselves

Question 15

The chief executive officer plays the most significant role in instilling a sense of ethics throughout the organization.

Accepted Answer

A) True 
 B)False

Question 16

You are the owner of a small Internet company.You are planning a public offering in 12 months.You ask your accountant to prepare an optimistic business model that shows a greater profitability potential than a conservative estimate would produce.When the accountant questions your profitability assumptions,you remind him that he has been given 10,000 shares of the company stock at a low price.A public offering would dramatically increase the value of those shares.Discuss the ethical issues faced by the owner and the accountant.How should they be resolved?

Accepted Answer

The ethical business leader's decision t

Question 17

Under the "Ethical Business Leader's Decision Tree" discussed in the text,which of the following is the first question managers should ask themselves when determining whether a proposed action is ethical?

Accepted Answer

A)  Whether it will result in a loss of profits 
B)  Whether stockholders would approve 
C)  Whether the CEO would approve 
D)  Whether it is legal 
A)  Whether it will result in a loss of profits 
B)  Whether stockholders would approve 
C)  Whether the CEO would approve 
D)  Whether it is legal

Question 18

Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally ____________ doctrine.

Accepted Answer

A)  positive 
B)  risky 
C)  good 
D)  subversive 
A)  positive 
B)  risky 
C)  good 
D)  subversive

Question 19

From 1990 until today,the gap between what average workers make and what CEO's of companies make in the Standard and Poor's Index has narrowed.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is a term for a state statute authorizing boards of corporations to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable?

Accepted Answer

A)  Corporate control 
B)  Break-up 
C)  Constituency 
D)  Protection 
A)  Corporate control 
B)  Break-up 
C)  Constituency 
D)  Protection

Exam 2: Ethics ant the law

According to St.Thomas Aquinas,the only true laws were those that followed ____________.

Which of the following are the three main theories under the comparative justice framework?

What was the result in the case of Bammert v.Don's Super Valu,Inc.,the case in the text involving the alleged retaliatory firing by the defendant of the wife of a police officer after the officer arrested the wife of the owner of Don's Super Valu?

List the two main schools of ethical thought and their main focus.

Which of the following is part of Kant's categorical imperative?

Ethics and law are unrelated.

Legislatures in only a minority of the states have enacted statutes authorizing corporate boards to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable.

Which of the following is true regarding the growth of socially responsible mutual funds?

Monica tells all her employees that she expects them to treat others as they would like to be treated. Which of following is a descriptive term for Monica's requirement?

The Deontological theory focuses on the consequences of an action rather than on the motivation of the individual.

In which of the following are a majority of Fortune 500 companies incorporated?

Which of the following is a term for the maximization of shareholder value?

Which of the following is true regarding the Organization of Economic Cooperation and Development (OECD)?

Which of the following plays the most significant role in instilling a sense of ethics throughout an organization?

The chief executive officer plays the most significant role in instilling a sense of ethics throughout the organization.

Under the "Ethical Business Leader's Decision Tree" discussed in the text,which of the following is the first question managers should ask themselves when determining whether a proposed action is ethical?

Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally ____________ doctrine.

From 1990 until today,the gap between what average workers make and what CEO's of companies make in the Standard and Poor's Index has narrowed.

Which of the following is a term for a state statute authorizing boards of corporations to take into account all stakeholders and constituencies even when a change in control or breakup of the corporation has become inevitable?

law, value creation, and risk management

Courts, sources of law, and dispute resolution

Constitutional bases for business regulation

Agency

Administrative Law

Contracts

sales,licensing,and e-commerce

Torts and Privacy protection

product liability

Intellectual property

The employment agreement

civil rights and employment discrimination

Criminal law

Environmental law

Antitrust

Consumer Protection

real property and land use

Forms of business organizations

Directors, Officers, and Controlling Shareholders

Public and Private Offerings of Securities

Securities Fraud and insider trading

Debtor-Creditor Relations and Bankruptcy

International Business

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