Exam 2: Ethics ant the law

Which of the following allows rights-based moral theories to be compared to other theories such as a utilitarian framework? A. Deontology B. Teleological theory C. Comparative justice D. Rawlsian moral theory

Which of the following illustrates that corporate conduct violating society's expectations can result in new forms of regulation without regard for feasibility or cost?

Employees are not stakeholders of a corporation.

Compliance with the law is the baseline for effective and responsible managerial action.

Discuss and explain the ethical business leader's decision tree referenced in the text.

If an action does not maximize shareholder value,and the firm has no ethical reason to act,the action should not be taken.

Kantian theory considers universalizability and reversibility.

Set forth the ways described in the text in which ethics and law are related.

Delaware has a constituency statute.

Which of the following statements regarding the teleological theory is false?

Fact Pattern 2-2 Jack decides to donate leftover food from his restaurant to a homeless shelter. Brock, an employee who was angry with Jack over not getting a raise, claimed that Jack decided to donate the food only for publicity and that Jack did not really care about homeless people. Peggy, another employee disagreed, contending that regardless of his motivation, Jack was acting ethically because of the consequences involved and the number of people helped. -Refer to fact pattern 2-2. Upon which of the following would Jack most likely rely in contending that he donated the food because he was motivated to help the poor?

Utilitarianism seeks to equalize the benefit to everyone.

Boycotting is a way in which customers show displeasure with unethical corporate activity.

Your company has asked you to write a code of ethics.What should you include and why?

Which of the following international organizations adopted a convention criminalizing bribes to government officials and recommending a prohibition on the tax deductibility of bribes?

Which of the following is a stakeholder of a corporation?

Fact Pattern 2-3 Wally and Janice are both managers in a small corporation set up to manufacture sporting goods. They both receive bonuses for any ideas that benefit the company, although Janice's bonus is computed at a lower rate than Wally's because she has been at the company a shorter amount of time. Janice has a great marketing idea that would result in her receiving a bonus of $1,000. She has it all worked out on her computer. Unknown to her, one evening after business hours, Wally obtains the information from her computer and submits it himself the next day. He is immediately awarded a bonus of $2,000 for the information. Fortunately for Janice, Sally, a custodian, saw Wally in Janice's office and heard him calling his wife while he was there to brag about his misdoings. Sally informed Blaire, the CEO, of Wally's actions. -Refer to fact pattern 2-3. Which of the following types of justice is involved if Blaire requires that Wally give Janice the entire $2,000 bonus he received?

Utilitarianism is a major deontological system that operates under the proposition that the ideal is to focus on motivation rather than on consequences.

Fact Pattern 2-1 Susan is an accountant who works in a company owned by Richard. Richard is concerned about the amount of taxes he will owe for the year and asks Susan to falsify his income tax return. Susan refuses. Richard fires her. Susan asks you for advice telling you that Richard is unethical and that she is certain that the law prohibits all unethical conduct. -Refer to fact pattern 2-1. Which of the following is the theory on which Richard will most likely rely?

Which of the following is recognized as the primary obligation of directors of a corporation?