Question 1

There is often a conflict between the goal of making money for shareholders and the goal of solving social problems through business.

Accepted Answer

A) True 
 B)False

Question 2

Thomas works for an internationally-renowned computer company. As a condition of his employment, Thomas signed a confidentiality agreement, in which he agreed not to disclose any trade secrets of the firm. The company has been researching a new computer advancement, and is on the brink of introducing this product to the buying public. Before the official product release, Thomas is considering offering information related to this new advancement to one of his company's competitors for a price. What categories of ethical behavior might be impacted by Thomas' decision to disclose this information to his employer's competitor?

Accepted Answer

All of the categories of ethical behavio

Question 3

The theory of justice is based on the concept that if there were no laws or rules reasonable people would develop fair rules and standards.

Accepted Answer

A) True 
 B)False

Question 4

Ethical egoists such as Ayn Rand hold that:

Accepted Answer

A)  people always act in their own self-interest. 
B)  people do the most good for the most people. 
C)  ethical dilemmas are resolved according to time and place. 
D)  solving ethical dilemmas requires ethical training 
A)  people always act in their own self-interest. 
B)  people do the most good for the most people. 
C)  ethical dilemmas are resolved according to time and place. 
D)  solving ethical dilemmas requires ethical training

Question 5

The U.S. Patriot Act and airport security regulations were enacted for the protection of:

Accepted Answer

A)  the person. 
B)  public, health, safety and morals. 
C)  the state. 
D)  personal rights. 
A)  the person. 
B)  public, health, safety and morals. 
C)  the state. 
D)  personal rights.

Question 6

The Blanchard and Peale three-part test for resolving ethical dilemmas consists of the following questions:

Accepted Answer

A)  Is it legal? Is it ethical? Is it moral? 
B)  Is it legal? Is it balanced? How does it make me feel? 
C)  Is it ethical? Is it right? Does it pass the "front page of the newspaper" test? 
D)  Is it right? Is it balanced? Is it fair? 
A)  Is it legal? Is it ethical? Is it moral? 
B)  Is it legal? Is it balanced? How does it make me feel? 
C)  Is it ethical? Is it right? Does it pass the "front page of the newspaper" test? 
D)  Is it right? Is it balanced? Is it fair?

Question 7

Unwillingness of businesses to voluntarily improve the ethics of their practices has little practical effect on the regulatory environment.

Accepted Answer

A) True 
 B)False

Question 8

An ethical duty of confidentiality could be breached in any of the following situations except:

Accepted Answer

A)  information obtained through research of the employer is disclosed. 
B)  customer lists or leads are disclosed to a competitor. 
C)  proprietary information or technology of a business is disclosed. 
D)  when a confidential informant tells government officials of illegal company activity. 
A)  information obtained through research of the employer is disclosed. 
B)  customer lists or leads are disclosed to a competitor. 
C)  proprietary information or technology of a business is disclosed. 
D)  when a confidential informant tells government officials of illegal company activity.

Question 9

Despite the importance of ethical behavior for business success, few Fortune 500 companies have codes of ethics to resolve ethical dilemmas.

Accepted Answer

A) True 
 B)False

Question 10

Maintaining confidentiality is an ethical issue for both employees and company management.

Accepted Answer

A) True 
 B)False

Question 11

Immanuel Kant's categorical imperative theory:

Accepted Answer

A)  requires that we avoid one-sided benefits as a result of ethical decisions. 
B)  makes it easier to settle international business ethical decisions. 
C)  believes you have to be fair and ethical whether you want to be or not. 
D)  always elevates the ends over the means. 
A)  requires that we avoid one-sided benefits as a result of ethical decisions. 
B)  makes it easier to settle international business ethical decisions. 
C)  believes you have to be fair and ethical whether you want to be or not. 
D)  always elevates the ends over the means.

Question 12

According to the book Building and Growing a Business Through Good Times and Bad, companies with 100 years of consistent dividends:

Accepted Answer

A)  use positive laws as a guide for ethical decisions. 
B)  have a goal of profitability no matter what the cost. 
C)  have a strong commitment to values. 
D)  value social responsibility above all other factors. 
A)  use positive laws as a guide for ethical decisions. 
B)  have a goal of profitability no matter what the cost. 
C)  have a strong commitment to values. 
D)  value social responsibility above all other factors.

Question 13

In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business.

Accepted Answer

A) True 
 B)False

Question 14

Differences among businesses preclude the development of any universal categories of ethical behavior.

Accepted Answer

A) True 
 B)False

Question 15

Laws that prohibit mislabeling of food, speeding, and sale of alcohol to minors exist primarily:

Accepted Answer

A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state. 
A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state.

Question 16

The Utilitarian Theory:

Accepted Answer

A)  holds that we all act in our own self-interest. 
B)  is based on doing the most good for the most people. 
C)  resolves ethical dilemmas according to time and place. 
D)  believes that solving ethical dilemmas requires training 
A)  holds that we all act in our own self-interest. 
B)  is based on doing the most good for the most people. 
C)  resolves ethical dilemmas according to time and place. 
D)  believes that solving ethical dilemmas requires training

Question 17

Ethical egoism believes that feeling guilty about poor ethical decisions will lead to better future decisions.

Accepted Answer

A) True 
 B)False

Question 18

Over half of all Fortune 500 firms train their employees to recognize and deal with particular types of behavior that breach their ethical codes.

Accepted Answer

A) True 
 B)False

Question 19

Utilitarians believe that ethics is measured by actions that do the most good for the most people.

Accepted Answer

A) True 
 B)False

Question 20

Moral relativists solve ethical dilemmas according to time and place.

Accepted Answer

A) True 
 B)False

Exam 3: Business Ethics, Social Forces, and the Law

There is often a conflict between the goal of making money for shareholders and the goal of solving social problems through business.

The theory of justice is based on the concept that if there were no laws or rules reasonable people would develop fair rules and standards.

Ethical egoists such as Ayn Rand hold that:

The U.S. Patriot Act and airport security regulations were enacted for the protection of:

The Blanchard and Peale three-part test for resolving ethical dilemmas consists of the following questions:

Unwillingness of businesses to voluntarily improve the ethics of their practices has little practical effect on the regulatory environment.

An ethical duty of confidentiality could be breached in any of the following situations except:

Despite the importance of ethical behavior for business success, few Fortune 500 companies have codes of ethics to resolve ethical dilemmas.

Maintaining confidentiality is an ethical issue for both employees and company management.

Immanuel Kant's categorical imperative theory:

According to the book Building and Growing a Business Through Good Times and Bad, companies with 100 years of consistent dividends:

In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business.

Differences among businesses preclude the development of any universal categories of ethical behavior.

Laws that prohibit mislabeling of food, speeding, and sale of alcohol to minors exist primarily:

The Utilitarian Theory:

Ethical egoism believes that feeling guilty about poor ethical decisions will lead to better future decisions.

Over half of all Fortune 500 firms train their employees to recognize and deal with particular types of behavior that breach their ethical codes.

Utilitarians believe that ethics is measured by actions that do the most good for the most people.

Moral relativists solve ethical dilemmas according to time and place.

The Nature and Sources of Law

The Court System and Dispute Resolution

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

Crimes

Torts

Intellectual Property Rights and the Internet

The Legal Environment of International Trade

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Negotiable Instruments and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

Filters