Question 1

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

Accepted Answer

(1)A judge or jury's assessment of the e

Question 2

Kantian theory examines the concepts of universalizability and reversibility.

Accepted Answer

A) True 
 B)False

Question 3

Another way of saying maximization of shareholder value is shareholder primacy.

Accepted Answer

A) True 
 B)False

Question 4

Discuss why Enron failed and who should be held responsible for the failure.

Accepted Answer

Students should discuss improp

Question 5

Which of the following allows rights-based moral theories to be compared to other theories such as a utilitarian framework?

Accepted Answer

A)  Deontology 
B)  Teleological theory 
C)  Comparative justice 
D)  Rawlsian moral theory 
A)  Deontology 
B)  Teleological theory 
C)  Comparative justice 
D)  Rawlsian moral theory

Question 6

Since 1990 until today,the compensation gap between the average worker and a CEO listed in Standard and Poors Index has narrowed.

Accepted Answer

A) True 
 B)False

Question 7

Customers can vote with their feet by boycotting unethical practices,such as clothing made in sweatshops.

Accepted Answer

A) True 
 B)False

Question 8

The obligation of a company's directors to manage the corporation for the best interest of the __________ is recognized as the primary obligation of directors of a corporation.

Accepted Answer

A)  corporation 
B)  officers 
C)  employees 
D)  community 
A)  corporation 
B)  officers 
C)  employees 
D)  community

Question 9

According to economist Michael C.Jensen,which of the following is a stakeholder of a corporation?

Accepted Answer

A)  Customers only 
B)  Employees and customers, but not managers 
C)  Managers and employees, but not customers 
D)  Customers, employees, and managers 
A)  Customers only 
B)  Employees and customers, but not managers 
C)  Managers and employees, but not customers 
D)  Customers, employees, and managers

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

Kant's categorical imperative states that:

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)  morally objectionable actions can never be in the best interests of society. 
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)  morally objectionable actions can never be in the best interests of society.

Question 13

Art,the sole shareholder of ABC Company,got a ticket for reckless driving because he was speeding through a school zone at 85 miles per hour.Sue,the wife of the officer who gave Art the ticket,was an employee of ABC Company.Art asked her if she could get the ticket "fixed" for him.Sue indeed talked to her husband,but he was unwilling to tear up the ticket.Art was incensed and fired Sue on the spot saying that she could not be counted upon to do anything the right way.Discuss the pros and cons of whether Sue should prevail in an action against ABC Company alleging a violation of public policy.

Accepted Answer

The facts are similar to those

Question 14

All business leaders and academics agree that the primary ethical and legal duty of corporations is to maximize shareholder value.

Accepted Answer

A) True 
 B)False

Question 15

Rawlsian moral theory seeks to maximize the condition of the worst off person in society.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

Students should discuss the qu

Question 17

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

Accepted Answer

The two main schools of ethical thought

Question 18

You are the CEO of a multi-billion dollar company.Your company employs over 75,000 people.The company is being sued for $100 million dollars as the result of racial discrimination against your customers.Your investigation reveals that some of your managers are actively violating the law.Discuss the steps you would take to ensure your company's compliance with ethical norms and legal requirements.

Accepted Answer

Students should discuss the ne

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

According to St Thomas Aquinas,an unjust law:

Accepted Answer

A)  could not properly be considered law at all. 
B)  is defective and morally objectionable. 
C)  must be obeyed even if it is morally objectionable. 
D)  must be overturned by a supermajority of the legislature. 
A)  could not properly be considered law at all. 
B)  is defective and morally objectionable. 
C)  must be obeyed even if it is morally objectionable. 
D)  must be overturned by a supermajority of the legislature.

Exam 2: Ethics and the Law.

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

Kantian theory examines the concepts of universalizability and reversibility.

Another way of saying maximization of shareholder value is shareholder primacy.

Discuss why Enron failed and who should be held responsible for the failure.

Which of the following allows rights-based moral theories to be compared to other theories such as a utilitarian framework?

Since 1990 until today,the compensation gap between the average worker and a CEO listed in Standard and Poors Index has narrowed.

Customers can vote with their feet by boycotting unethical practices,such as clothing made in sweatshops.

The obligation of a company's directors to manage the corporation for the best interest of the __________ is recognized as the primary obligation of directors of a corporation.

According to economist Michael C.Jensen,which of the following is a stakeholder of a corporation?

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

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

Kant's categorical imperative states that:

All business leaders and academics agree that the primary ethical and legal duty of corporations is to maximize shareholder value.

Rawlsian moral theory seeks to maximize the condition of the worst off person in society.

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

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

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

According to St Thomas Aquinas,an unjust law:

Law, Value Creation, and Risk Management.

Sources of Law, Courts, 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 and Sustainability.

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 Law and Transactions.

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