Question 1

Unless a corporation violates a law, its actions do not raise questions about corporate ethics.

Accepted Answer

A) True 
 B)False

Question 2

Fleet Trucking Company transports hazardous waste. Garn is a Fleet driver, whom the company knows drives longer hours than federal regulations permit. One night, Garn exceeds the limit and has an accident. Spilled chemicals contaminate Hill City's water source, forcing the residents to move away. Fleet acted unethically because​

Accepted Answer

A) Fleet showed reckless disregard for Hill City's residents and others. 
B) Garn exceeded the federal time limit. 
C) harm was caused by an unfortunate accident. 
D) Hill City should have better protected its water source. 
A) Fleet showed reckless disregard for Hill City's residents and others. 
B) Garn exceeded the federal time limit. 
C) harm was caused by an unfortunate accident. 
D) Hill City should have better protected its water source.

Question 3

Steaks n' Fries Restaurant Company's decision makers view a particular risk in the consumption of Steaks n' Fries' products as open and obvious. Continuing to market the products without explicitly telling consumers of the risk could be justified from a perspective of​

Accepted Answer

A) duty-based ethics. 
B) corporate social responsibility. 
C) religious ethical principles. 
D) outcome-based ethics. 
A) duty-based ethics. 
B) corporate social responsibility. 
C) religious ethical principles. 
D) outcome-based ethics.

Question 4

Ethics is as clearly defined as the law.

Accepted Answer

A) True 
 B)False

Question 5

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions most likely include all of the following except​

Accepted Answer

A) an individual's conscience. 
B) business rules and procedures. 
C) loopholes in the law or company policies. 
D) promises to others. 
A) an individual's conscience. 
B) business rules and procedures. 
C) loopholes in the law or company policies. 
D) promises to others.

Question 6

Codes of ethical conduct can indicate how employees are expected to act.

Accepted Answer

A) True 
 B)False

Question 7

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Question 8

Ethical standards would most likely be considered violated if Team Logos Merchandising Corporation deals with a company in a developing nation that​

Accepted Answer

A) agrees to produce goods at Team Logos's desired price. 
B) goes unnoticed by "corporate watch" groups. 
C) routinely violates labor and environmental standards. 
D) pays its workers less than the U.S.minimum wage. 
A) agrees to produce goods at Team Logos's desired price. 
B) goes unnoticed by "corporate watch" groups. 
C) routinely violates labor and environmental standards. 
D) pays its workers less than the U.S.minimum wage.

Question 9

Acting in good faith gives a business firm a better chance of defending its actions in court.

Accepted Answer

A) True 
 B)False

Question 10

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies her belief that all persons have fundamental rights. This is​

Accepted Answer

A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism. 
A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism.

Question 11

The study of ethics goes beyond legal requirements to evaluate what is right for society.

Accepted Answer

A) True 
 B)False

Question 12

Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way. Does the firm owe an ethical duty to take this product off the market? What conflicts might arise if the firm stops selling this product?​

Accepted Answer

Ethical behavior can sometimes generate

Question 13

In making decisions for Commercial Janitorial & Maintenance Services, Inc., Isaiah uses a cost-benefit analysis. This analysis is part of​

Accepted Answer

A) duty-based ethics. 
B) Kantian ethics. 
C) the principle of rights. 
D) utilitarianism. 
A) duty-based ethics. 
B) Kantian ethics. 
C) the principle of rights. 
D) utilitarianism.

Question 14

Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has​

Accepted Answer

A) a legal duty beyond those duties mandated by ethics. 
B) an ethical duty beyond those duties mandated by law. 
C) any duty beyond those mandated by both ethics and the law. 
D) any duty when it is uncertain whether a legal duty exists. 
A) a legal duty beyond those duties mandated by ethics. 
B) an ethical duty beyond those duties mandated by law. 
C) any duty beyond those mandated by both ethics and the law. 
D) any duty when it is uncertain whether a legal duty exists.

Question 15

According to utilitarianism, it does not matter how many people suffer a negative effect from an act.

Accepted Answer

A) True 
 B)False

Question 16

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its​

Accepted Answer

A) operators only. 
B) operators, owners, suppliers, the community, or society as a whole. 
C) owners only. 
D) suppliers, the community, or society as a whole only. 
A) operators only. 
B) operators, owners, suppliers, the community, or society as a whole. 
C) owners only. 
D) suppliers, the community, or society as a whole only.

Question 17

As chief executive officer of Alabama Archery Supplies, Bertrand applies ethical standards derived from religious principles. For businesses, religious principles can be​

Accepted Answer

A) a unifying force for employees. 
B) all of the choices. 
C) a rallying point to increase employee motivation. 
D) the basis for an action that leads to negative publicity. 
A) a unifying force for employees. 
B) all of the choices. 
C) a rallying point to increase employee motivation. 
D) the basis for an action that leads to negative publicity.

Question 18

Bribery of foreign government officials is both an ethical and a legal issue.

Accepted Answer

A) True 
 B)False

Question 19

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision​

Accepted Answer

A) complies with religious principles. 
B) affects the rights of others. 
C) causes consequences that would follow if everyone acted the same way. 
D) supports the right to make a profit. 
A) complies with religious principles. 
B) affects the rights of others. 
C) causes consequences that would follow if everyone acted the same way. 
D) supports the right to make a profit.

Question 20

Julie is sales manager for Kelso's Concrete & Stone Products, Inc. In applying ethical principles to the business of the firm, Kelso's and Julie will most likely evaluate​

Accepted Answer

A) what duties and responsibilities should exist for the business. 
B) how to maximize profits in the short run 
C) how to maximize profits in the long run. 
D) marketing campaigns to counter potential bad publicity. 
A) what duties and responsibilities should exist for the business. 
B) how to maximize profits in the short run 
C) how to maximize profits in the long run. 
D) marketing campaigns to counter potential bad publicity.

Exam 7: Business Ethics

Unless a corporation violates a law, its actions do not raise questions about corporate ethics.

Steaks n' Fries Restaurant Company's decision makers view a particular risk in the consumption of Steaks n' Fries' products as open and obvious. Continuing to market the products without explicitly telling consumers of the risk could be justified from a perspective of​

Ethics is as clearly defined as the law.

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions most likely include all of the following except​

Codes of ethical conduct can indicate how employees are expected to act.

The legality of an action is always clear.

Ethical standards would most likely be considered violated if Team Logos Merchandising Corporation deals with a company in a developing nation that​

Acting in good faith gives a business firm a better chance of defending its actions in court.

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies her belief that all persons have fundamental rights. This is​

The study of ethics goes beyond legal requirements to evaluate what is right for society.

Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way. Does the firm owe an ethical duty to take this product off the market? What conflicts might arise if the firm stops selling this product?​

In making decisions for Commercial Janitorial & Maintenance Services, Inc., Isaiah uses a cost-benefit analysis. This analysis is part of​

Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has​

According to utilitarianism, it does not matter how many people suffer a negative effect from an act.

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its​

As chief executive officer of Alabama Archery Supplies, Bertrand applies ethical standards derived from religious principles. For businesses, religious principles can be​

Bribery of foreign government officials is both an ethical and a legal issue.

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision​

Julie is sales manager for Kelso's Concrete & Stone Products, Inc. In applying ethical principles to the business of the firm, Kelso's and Julie will most likely evaluate​

Legal and Constitutional Foundations of Business

Courts and Alternative Dispute Resolution

Tort Law and Product Liability

Intellectual Property

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Agreement and Consideration in Contracts

Capacity, Legality, and Enforceability

Contract Performance, Breach, and Remedies

Sales and Lease Contracts

Performance and Breach in Sales and Lease Contracts

Consumer Law

Negotiable Instruments

Banking in the Digital Age

Creditors Rights and Bankruptcy

Agency Relationships in Business

Employment Law

The Entrepreneurs Options

Corporations

Investor Protection, Insider Trading, and Corporate Governance

Antitrust Law and Promoting Competition

Personal Property, Bailments, and Insurance

Real Property and Environmental Law

International Law in a Global Economy

Filters

Steaks n' Fries Restaurant Company's decision makers view a particular risk in the consumption of Steaks n' Fries' products as open and obvious. Continuing to market the products without explicitly telling consumers of the risk could be justified from a perspective of

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions most likely include all of the following except

Ethical standards would most likely be considered violated if Team Logos Merchandising Corporation deals with a company in a developing nation that

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies her belief that all persons have fundamental rights. This is

Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way. Does the firm owe an ethical duty to take this product off the market? What conflicts might arise if the firm stops selling this product?

In making decisions for Commercial Janitorial & Maintenance Services, Inc., Isaiah uses a cost-benefit analysis. This analysis is part of

Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

As chief executive officer of Alabama Archery Supplies, Bertrand applies ethical standards derived from religious principles. For businesses, religious principles can be

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision

Julie is sales manager for Kelso's Concrete & Stone Products, Inc. In applying ethical principles to the business of the firm, Kelso's and Julie will most likely evaluate