Question 1

Kantian Ethics is based on universal rules that require that all similar cases be treated alike with no exceptions.

Accepted Answer

A) True 
 B)False

Question 2

Someone who makes moral and ethical decisions based on his own beliefs is applying which moral theory?

Accepted Answer

A)  ethical relativism 
B)  utilitarianism 
C)  ethical fundamentalism 
D)  Kantian ethics 
E)  Rawls's distributive justice theory 
A)  ethical relativism 
B)  utilitarianism 
C)  ethical fundamentalism 
D)  Kantian ethics 
E)  Rawls's distributive justice theory

Question 3

What does the "veil of ignorance" require under Rawls's distributive justice theory?

Accepted Answer

A)  Ethical obligations are decided by less intelligent members of society so that they can be understood by all. 
B)  Ethical obligations in society should not be made public,because if they were,individuals would strive to merely do the minimum. 
C)  Ethical obligations should be determined by persons who do not know their place in society. 
D)  Persons who have suffered an injustice should not be able to learn the identity of the person causing the injustice,at least when it is practical to keep this information from the person who was harmed. 
A)  Ethical obligations are decided by less intelligent members of society so that they can be understood by all. 
B)  Ethical obligations in society should not be made public,because if they were,individuals would strive to merely do the minimum. 
C)  Ethical obligations should be determined by persons who do not know their place in society. 
D)  Persons who have suffered an injustice should not be able to learn the identity of the person causing the injustice,at least when it is practical to keep this information from the person who was harmed.

Question 4

John Stuart Mill is the best-known proponent of duty ethics.

Accepted Answer

A) True 
 B)False

Question 5

Utilitarianism requires taking the course of action that provides the greatest good to society.

Accepted Answer

A) True 
 B)False

Question 6

Kantian ethics can best be characterized by:

Accepted Answer

A)  the consultation of an outside source,such as a book or person,for guidance 
B)  the belief that the moral rules should be determined by persons who have a "veil of ignorance" about their place or station in society 
C)  the belief that a person must decide what course of action is proper based on that person's own set of beliefs or feelings 
D)  determining which course of action produces the greatest amount of good for the greatest number of people 
E)  a set of universal rules based on reasoning that must be applied in all situations and is characterized by reversibility 
A)  the consultation of an outside source,such as a book or person,for guidance 
B)  the belief that the moral rules should be determined by persons who have a "veil of ignorance" about their place or station in society 
C)  the belief that a person must decide what course of action is proper based on that person's own set of beliefs or feelings 
D)  determining which course of action produces the greatest amount of good for the greatest number of people 
E)  a set of universal rules based on reasoning that must be applied in all situations and is characterized by reversibility

Question 7

The most favorable aspect of applying utilitarianism is that it is easy to estimate the good that results from different actions.

Accepted Answer

A) True 
 B)False

Question 8

Which social responsibility theory has been advocated by Nobel Prize-winning economist Milton Friedman?

Accepted Answer

A)  maximizing profits 
B)  moral minimum 
C)  stakeholder interest 
D)  corporate citizenship 
E)  corporate social audit 
A)  maximizing profits 
B)  moral minimum 
C)  stakeholder interest 
D)  corporate citizenship 
E)  corporate social audit

Question 9

If something is legal,it is also ethical.

Accepted Answer

A) True 
 B)False

Question 10

Under the traditional view of social responsibility,businesses owe a duty to take actions that maximize profits for shareholders.

Accepted Answer

A) True 
 B)False

Exam 42: Ethics and Social Responsibility of Business

Kantian Ethics is based on universal rules that require that all similar cases be treated alike with no exceptions.

Someone who makes moral and ethical decisions based on his own beliefs is applying which moral theory?

What does the "veil of ignorance" require under Rawls's distributive justice theory?

John Stuart Mill is the best-known proponent of duty ethics.

Utilitarianism requires taking the course of action that provides the greatest good to society.

Kantian ethics can best be characterized by:

The most favorable aspect of applying utilitarianism is that it is easy to estimate the good that results from different actions.

Which social responsibility theory has been advocated by Nobel Prize-winning economist Milton Friedman?

If something is legal,it is also ethical.

Under the traditional view of social responsibility,businesses owe a duty to take actions that maximize profits for shareholders.

Legal Heritage and the Information Age

Court Systems and Jurisdiction

Judicial, Alternative, and Online Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Strict Liability and Product Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Nature of Traditional and E-Contracts

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

Internet Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Sales and Lease Warranties

Creation of Negotiable Instruments

Transferability and Holder In Due Course

Liability,Defenses and Discharge

Checks, the Banking System, and E-Money

Creditor's and Debtor's Rights

Secured Transactions and Electronic Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment,Worker Protection,and Immigration Laws

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Businesses, Entrepreneurs, and General Partnerships

Limited Partnerships and Limited Liability Limited Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Business

Investor Protection and Online Securities Transactions

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection and Global Warming

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord Tenant Law and Land Use Regulation

Insurance

Accountants' Liability

Wills, Trusts, and Elder Law

Family Law

International and World Trade Law

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