Exam 2: Ethics and the Law.

According to Exhibit 2.1 "Ethical Business Leader's Decision Tree",which of the following is the first question managers should ask themselves when determining whether a proposed action is ethical?

Ethics and law are unrelated.

Nobel Prize winner in economics Milton Friedman asserts that the only guiding criterion for the corporation should be profitability within the confines of the law.

Which of the following is NOT an example of St.Thomas Aquinas' requirements for a law to be just?

The __________ Act illustrates that corporate conduct violating society's expectations can result in new forms of regulation without regard for feasibility or cost.

Which of the following is the group given the ultimate legal authority to change management?

Fact Pattern 2-1 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 2-1.Upon which of the following would Peggy most likely rely to support her contention?