Question 1

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

Accepted Answer

A) True 
 B)False

Question 2

Corporations can be viewed as "citizens" that are expected to participate in bettering society.​

Accepted Answer

A) True 
 B)False

Question 3

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's​

Accepted Answer

A)  ​impact on people. 
B)  ​profits. 
C)  ​impact on the planet. 
D)  ​congressional lobbying activities. 
A)  ​impact on people. 
B)  ​profits. 
C)  ​impact on the planet. 
D)  ​congressional lobbying activities.

Question 4

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes​

Accepted Answer

A)  ​right or wrong behavior. 
B)  ​financially rewarding behavior. 
C)  ​legal behavior. 
D)  ​religious behavior. 
A)  ​right or wrong behavior. 
B)  ​financially rewarding behavior. 
C)  ​legal behavior. 
D)  ​religious behavior.

Question 5

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.​

Accepted Answer

A) True 
 B)False

Question 6

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.​

Accepted Answer

A) True 
 B)False

Question 7

As part of a hiring process, Codex Marketing Company conducts an Internet search to discover what a job candidate has posted. To Codex, this act should present​

Accepted Answer

A)  ​an ethical issue. 
B)  ​a legal question. 
C)  ​a personnel problem. 
D)  ​none of the choices. 
A)  ​an ethical issue. 
B)  ​a legal question. 
C)  ​a personnel problem. 
D)  ​none of the choices.

Question 8

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.

Question 9

SuperMeds Corporation develops a new drug that controls severe acne. The drug is not approved by the government for sale in the United States because one of its ingredients is a banned chemical. This chemical is not banned in Mexico. Whether it is ethical for SuperMeds to sell the drug in Mexico depends on​

Accepted Answer

A)  ​the effect of any "bad" publicity from the sale. 
B)  ​the number of potential customers. 
C)  ​which legal standards are applied. 
D)  ​which ethical standards are applied. 
A)  ​the effect of any "bad" publicity from the sale. 
B)  ​the number of potential customers. 
C)  ​which legal standards are applied. 
D)  ​which ethical standards are applied.

Question 10

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 11

Business owners' misbehavior has no negative consequences for their business.​

Accepted Answer

A) True 
 B)False

Question 12

If an action is legal, it is ethical.​

Accepted Answer

A) True 
 B)False

Question 13

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior​

Accepted Answer

A)  ​can do so anonymously. 
B)  ​is financially compensated if he or she is fired as a result of a report. 
C)  ​must fully identify themselves when making a report. 
D)  ​must have additional employee support to make a report. 
A)  ​can do so anonymously. 
B)  ​is financially compensated if he or she is fired as a result of a report. 
C)  ​must fully identify themselves when making a report. 
D)  ​must have additional employee support to make a report.

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Major Construction & Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Corrupt Practices Act, this is permitted​

Accepted Answer

A)  ​under no circumstances. 
B)  ​if the purpose is to secure a favorable contract. 
C)  ​under the dictum "When in Rome, do as the Romans do." 
D)  ​if the official is not a U.S. citizen. 
A)  ​under no circumstances. 
B)  ​if the purpose is to secure a favorable contract. 
C)  ​under the dictum "When in Rome, do as the Romans do." 
D)  ​if the official is not a U.S. citizen.

Question 16

Corporations can be perceived as owing ethical duties to groups other than their shareholders.​

Accepted Answer

A) True 
 B)False

Question 17

Lucas is a business manager for Micro Manufacturing Company. Ethical dilemmas that Lucas is not likely to encounter include deciding​

Accepted Answer

A)  ​the kind of pizza to order for a company meeting. 
B)  ​whether to lay off employees or take a loss in corporate profits. 
C)  ​whether to admonish an employee making rude jokes in the workplace. 
D)  ​what to tell a reporter about the recent drop in corporate stock prices. 
A)  ​the kind of pizza to order for a company meeting. 
B)  ​whether to lay off employees or take a loss in corporate profits. 
C)  ​whether to admonish an employee making rude jokes in the workplace. 
D)  ​what to tell a reporter about the recent drop in corporate stock prices.

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The legality of an action is always clear.​

Accepted Answer

A) True 
 B)False

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

Corporations can be viewed as "citizens" that are expected to participate in bettering society.

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.

As part of a hiring process, Codex Marketing Company conducts an Internet search to discover what a job candidate has posted. To Codex, this act should present

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

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

Business owners' misbehavior has no negative consequences for their business.

If an action is legal, it is ethical.

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

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

Major Construction & Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Corrupt Practices Act, this is permitted

Corporations can be perceived as owing ethical duties to groups other than their shareholders.

Lucas is a business manager for Micro Manufacturing Company. Ethical dilemmas that Lucas is not likely to encounter include deciding

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

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

The legality of an action is always clear.

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration, Capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

Filters

Exam 6: Business Ethics

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

Corporations can be viewed as "citizens" that are expected to participate in bettering society.​

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's​

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes​

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.​

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.​

As part of a hiring process, Codex Marketing Company conducts an Internet search to discover what a job candidate has posted. To Codex, this act should present​

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​

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​

Business owners' misbehavior has no negative consequences for their business.​

If an action is legal, it is ethical.​

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior​

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

Major Construction & Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Corrupt Practices Act, this is permitted​

Corporations can be perceived as owing ethical duties to groups other than their shareholders.​

Lucas is a business manager for Micro Manufacturing Company. Ethical dilemmas that Lucas is not likely to encounter include deciding​

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

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

The legality of an action is always clear.​

Law and Legal Reasoning

Business and the Constitution

Courts and Alternative Dispute Resolution

Tort Law

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration, Capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach of Contract and Remedies

Intellectual Property Rights

Internet Law, Social Media, and Privacy

The Formation of Sales and Lease Contracts

Performance, Breach, and Warranties of Sales and Lease Contracts

Agency Relationships in Business

Small Businesses and Limited Liability Companies

Corporations

Filters

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

Corporations can be viewed as "citizens" that are expected to participate in bettering society.

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.

As part of a hiring process, Codex Marketing Company conducts an Internet search to discover what a job candidate has posted. To Codex, this act should present

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

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

Business owners' misbehavior has no negative consequences for their business.

If an action is legal, it is ethical.

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

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

Major Construction & Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Corrupt Practices Act, this is permitted

Corporations can be perceived as owing ethical duties to groups other than their shareholders.

Lucas is a business manager for Micro Manufacturing Company. Ethical dilemmas that Lucas is not likely to encounter include deciding

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

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

The legality of an action is always clear.