Question 1

Effective corporate ethical policies must be clearly communicated to employees.​

Accepted Answer

A) True 
 B)False

Question 2

Big Box Retail Stores, Inc. fires its employee Craig for criticizing his manager Daria in posts on social media forums. According to the National Labor Relations Board, this discharge is​

Accepted Answer

A)  ​an ethical issue only. 
B)  ​a "gray" area in the law. 
C)  ​a violation of federal labor law. 
D)  ​protected by the employer's right to curtail "concerted activities." 
A)  ​an ethical issue only. 
B)  ​a "gray" area in the law. 
C)  ​a violation of federal labor law. 
D)  ​protected by the employer's right to curtail "concerted activities."

Question 3

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 4

Frances, an executive with GMO Seed & Feed, Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. How should Frances decide whether to sell the product? How does the standard of ethics that is applied affect this answer?​

Accepted Answer

When a corporate executive has to decide

Question 5

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to​

Accepted Answer

A)  ​demonstrate a commitment to ethical decision making. 
B)  ​discreetly engage in unethical or illegal acts. 
C)  ​look the other way when an employee engages in an unethical act. 
D)  ​direct employees to "do as we say, not as we do." 
A)  ​demonstrate a commitment to ethical decision making. 
B)  ​discreetly engage in unethical or illegal acts. 
C)  ​look the other way when an employee engages in an unethical act. 
D)  ​direct employees to "do as we say, not as we do."

Question 6

Some provisions of U.S. bribery laws are directed toward accountants.​

Accepted Answer

A) True 
 B)False

Question 7

Corporate Security Company provides other firms with security services. Questions of what is ethical involve the extent to which Corporate Security 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 8

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with​

Accepted Answer

A)  ​long-run profit maximization. 
B)  ​short-run profit maximization. 
C)  ​no consideration of profits whatsoever. 
D)  ​strict adherence to the goal of profit maximization. 
A)  ​long-run profit maximization. 
B)  ​short-run profit maximization. 
C)  ​no consideration of profits whatsoever. 
D)  ​strict adherence to the goal of profit maximization.

Question 9

In business deals, Fiona, the chief executive officer of Glazed Donuts, Inc., follows duty-based ethical standards. These are most likely derived from​

Accepted Answer

A)  ​a corporate ethics code. 
B)  a cost-benefit analysis.​ 
C)  ​philosophical reasoning. 
D)  ​the law. 
A)  ​a corporate ethics code. 
B)  a cost-benefit analysis.​ 
C)  ​philosophical reasoning. 
D)  ​the law.

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.​

Accepted Answer

A) True 
 B)False

Question 13

Ethics is the study of the principles that lead to financially successful conduct.​

Accepted Answer

A) True 
 B)False

Question 14

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 15

In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.​

Accepted Answer

A) True 
 B)False

Question 16

Under the "stakeholder view" of corporate social responsibility, the most difficult aspect of the stakeholder analysis faced by the management of Natural Gas Piping Corporation is determining​

Accepted Answer

A)  ​which group's interest should receive greater weight. 
B)  ​how the firm's competitors might take advantage of the analysis. 
C)  ​how the government might view the legality of a decision. 
D)  ​which "stakeholders" outside the company should be consulted. 
A)  ​which group's interest should receive greater weight. 
B)  ​how the firm's competitors might take advantage of the analysis. 
C)  ​how the government might view the legality of a decision. 
D)  ​which "stakeholders" outside the company should be consulted.

Question 17

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 18

Ethics is as clearly defined as the law.​

Accepted Answer

A) True 
 B)False

Question 19

Managers must apply the same ethical standards to their employees as they do to themselves.

Accepted Answer

A) True 
 B)False

Question 20

Flexo Trucking Company transports hazardous waste. Garn is a Flexo 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. Flexo acted unethically because​

Accepted Answer

A)  ​Flexo 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)  ​Flexo 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.

Exam 5: Business Ethics

Effective corporate ethical policies must be clearly communicated to employees.​

Big Box Retail Stores, Inc. fires its employee Craig for criticizing his manager Daria in posts on social media forums. According to the National Labor Relations Board, this discharge is​

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​

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to​

Some provisions of U.S. bribery laws are directed toward accountants.​

Corporate Security Company provides other firms with security services. Questions of what is ethical involve the extent to which Corporate Security has​

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with​

In business deals, Fiona, the chief executive officer of Glazed Donuts, Inc., follows duty-based ethical standards. These are most likely derived from​

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

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

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.​

Ethics is the study of the principles that lead to financially successful conduct.​

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

In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.​

Under the "stakeholder view" of corporate social responsibility, the most difficult aspect of the stakeholder analysis faced by the management of Natural Gas Piping Corporation is determining​

Ethics is as clearly defined as the law.​

Managers must apply the same ethical standards to their employees as they do to themselves.

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Business and the Constitution

Tort Law

Strict Liability and Product Liability

Intellectual Property Rights

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Writing Requirement in Our Digital World

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance and Breach of Sales and Lease Contracts

Warranties

International and Space Law

Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Small Businesses and Franchises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, and Shareholders

Mergers and Takeovers

Investor Protection, Insider Trading, and Corporate Governance

Administrative Agencies

Consumer Law

Environmental Protection

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance

Wills and Trusts

The Legal Environment of Business

Torts and Crimes

Contracts and E-Contracts

Domestic and International Sales and Lease Contracts

Negotiable Instruments

Creditors Rights and Bankruptcy

Agency and Employment

Business Organizations

Government Regulation

Property and Its Protection

Filters

Effective corporate ethical policies must be clearly communicated to employees.

Big Box Retail Stores, Inc. fires its employee Craig for criticizing his manager Daria in posts on social media forums. According to the National Labor Relations Board, this discharge is

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

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to

Some provisions of U.S. bribery laws are directed toward accountants.

Corporate Security Company provides other firms with security services. Questions of what is ethical involve the extent to which Corporate Security has

In attempting to maximize profits, executives and employees of Capital Solutions, Inc., and other corporations have to distinguish between short-run and long-run profit maximization. Business ethics is consistent only with

In business deals, Fiona, the chief executive officer of Glazed Donuts, Inc., follows duty-based ethical standards. These are most likely derived from

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

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

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.

Ethics is the study of the principles that lead to financially successful conduct.

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

In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

Under the "stakeholder view" of corporate social responsibility, the most difficult aspect of the stakeholder analysis faced by the management of Natural Gas Piping Corporation is determining

Ethics is as clearly defined as the law.