Question 1

What are some of the adverse effects of a lapse or not complying with ethical considerations by business?

Accepted Answer

It is often said by proponents of a lais

Question 2

With respect to ethical relativism,codes of law are relative to other codes of law.

Accepted Answer

A) True 
 B)False

Question 3

Morals are concerned with the distinction between right and wrong.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is NOT one of the propositions that make up the 'rule of law'?

Accepted Answer

A) The rights and freedoms of citizens are enforceable in the courts. 
B) No person should be subject to a law without their knowledge and consent. 
C) No person should be punished except for a breach of the law. 
D) All persons are equal before the law. 
A) The rights and freedoms of citizens are enforceable in the courts. 
B) No person should be subject to a law without their knowledge and consent. 
C) No person should be punished except for a breach of the law. 
D) All persons are equal before the law.

Question 5

In relation to the concept of organisational integrity,which of the following statements is NOT correct?

Accepted Answer

A) It is based on self-regulation in accordance with a formal set of guiding principles. 
B) It is concerned with the ethical behaviour of a corporate entity. 
C) It is designed to ensure that responsibility for wrongful acts will be borne by the individuals responsible. 
D) It depends on the existence of an ethical corporate culture. 
A) It is based on self-regulation in accordance with a formal set of guiding principles. 
B) It is concerned with the ethical behaviour of a corporate entity. 
C) It is designed to ensure that responsibility for wrongful acts will be borne by the individuals responsible. 
D) It depends on the existence of an ethical corporate culture.

Question 6

Ethical considerations involve going beyond self-interest in reaching a decision.

Accepted Answer

A) True 
 B)False

Question 7

What kind of unethical business practice was identified in the conduct of James Hardie Industries?

Accepted Answer

A) Making improper payments to a foreign government in order to bypass UN sanctions for commercial advantage. 
B) Taking unconscionable advantage of the lack of education and commercial experience of customers. 
C) Using the doctrine of separate legal entity of a company to avoid liability for compensation claims. 
D) Using bogus offshore transactions and a foreign accounting firm to avoid paying tax on income earned in Australia. 
A) Making improper payments to a foreign government in order to bypass UN sanctions for commercial advantage. 
B) Taking unconscionable advantage of the lack of education and commercial experience of customers. 
C) Using the doctrine of separate legal entity of a company to avoid liability for compensation claims. 
D) Using bogus offshore transactions and a foreign accounting firm to avoid paying tax on income earned in Australia.

Question 8

Which of the following would be an example of insider trading?

Accepted Answer

A) A person uses confidential information that is not publicly available and profits by purchasing shares based on that information. 
B) A person asks their friend to purchase shares for them. 
C) A person purchases shares on the stock market without knowing whether those shares will appreciate in the future. 
D) A person uses publicly available information to purchase shares on the stock market. 
A) A person uses confidential information that is not publicly available and profits by purchasing shares based on that information. 
B) A person asks their friend to purchase shares for them. 
C) A person purchases shares on the stock market without knowing whether those shares will appreciate in the future. 
D) A person uses publicly available information to purchase shares on the stock market.

Question 9

Which of the following scenarios best describes Jeremy Bentham's utilitarian philosophy?

Accepted Answer

A) A company restructure increases profits by casualising the majority of the workforce. 
B) A company reduces their workforce in order to increase commission payments to the board of directors. 
C) A company restructure results in lower profits but ensures that all employees are retained. 
D) A company promoted an employee who exceeded their annual sales target. 
A) A company restructure increases profits by casualising the majority of the workforce. 
B) A company reduces their workforce in order to increase commission payments to the board of directors. 
C) A company restructure results in lower profits but ensures that all employees are retained. 
D) A company promoted an employee who exceeded their annual sales target.

Question 10

In a business context,acting ethically is generally considered to involve:

Accepted Answer

A) acting in a morally correct and honourable way. 
B) acting strictly in accordance with the law. 
C) acting in the best interests of shareholders. 
D) all of the above. 
A) acting in a morally correct and honourable way. 
B) acting strictly in accordance with the law. 
C) acting in the best interests of shareholders. 
D) all of the above.

Question 11

Because they are legal entities,corporations are exempt from ethical responsibilities.

Accepted Answer

A) True 
 B)False

Question 12

Ethical considerations relate to:

Accepted Answer

A) the distinction between right and wrong. 
B) acting in a morally correct and honourable manner. 
C) the treatment of moral questions. 
D) all of the above. 
A) the distinction between right and wrong. 
B) acting in a morally correct and honourable manner. 
C) the treatment of moral questions. 
D) all of the above.

Question 13

After the McCabe v British American Tobacco case,how did the Parliament of Victoria amend its laws?

Accepted Answer

A) The Parliament of Victoria banned the sale of tobacco products. 
B) The Parliament of Victoria made it a criminal penalty to deliberately and knowingly destroy evidence. 
C) The Parliament of Victoria gave attorneys the discretion to either follow the letter of the law or the spirit of the law. 
D) The Parliament of Victoria's legal amendments only apply to the destruction of evidence before the commencement of litigation. 
A) The Parliament of Victoria banned the sale of tobacco products. 
B) The Parliament of Victoria made it a criminal penalty to deliberately and knowingly destroy evidence. 
C) The Parliament of Victoria gave attorneys the discretion to either follow the letter of the law or the spirit of the law. 
D) The Parliament of Victoria's legal amendments only apply to the destruction of evidence before the commencement of litigation.

Question 14

Which ethical theory evaluates behaviour according to the consequences of that behaviour?

Accepted Answer

A) Moral relativism. 
B) Virtue ethics. 
C) Deontological ethics. 
D) Utilitarianism. 
A) Moral relativism. 
B) Virtue ethics. 
C) Deontological ethics. 
D) Utilitarianism.

Question 15

Explain an advantage associated with ethical business practices?

Accepted Answer

Acting ethically by businesses involves

Question 16

Which of the following is NOT one of the fundamentals of the definition of the law?

Accepted Answer

A) Law is a set of rules that regulates people's interactions with one another. 
B) Law imposes penalties that are enforceable through sanction. 
C) Law sets standards of conduct. 
D) Law is a set of rules determined by the ruler of a country. 
A) Law is a set of rules that regulates people's interactions with one another. 
B) Law imposes penalties that are enforceable through sanction. 
C) Law sets standards of conduct. 
D) Law is a set of rules determined by the ruler of a country.

Question 17

Which of the following is the best explanation of the meaning of the term: 'justice'?

Accepted Answer

A) That which is considered right or fair in society. 
B) Anyone can take action in their own hands for a wrong done. 
C) The law handed down by Justices of the Peace. 
D) All of the above. 
A) That which is considered right or fair in society. 
B) Anyone can take action in their own hands for a wrong done. 
C) The law handed down by Justices of the Peace. 
D) All of the above.

Question 18

A business can invest in both a socially responsible as well as socially irresponsible manner.Describe and provide examples of both types of investing.

Accepted Answer

Socially Responsible Investing
The socia

Question 19

Which of the following is an example of legislation designed to ensure ethical behaviour by business?

Accepted Answer

A) Residential and Retail Tenancies Legislation. 
B) The Australian Consumer Law. 
C) The Consumer Credit Code. 
D) All of the above. 
A) Residential and Retail Tenancies Legislation. 
B) The Australian Consumer Law. 
C) The Consumer Credit Code. 
D) All of the above.

Question 20

Ethical investment involves investing in companies in order to make them behave ethically.

Accepted Answer

A) True 
 B)False

Exam 27: Ethics and Business Practice

What are some of the adverse effects of a lapse or not complying with ethical considerations by business?

With respect to ethical relativism,codes of law are relative to other codes of law.

Morals are concerned with the distinction between right and wrong.

Which of the following is NOT one of the propositions that make up the 'rule of law'?

In relation to the concept of organisational integrity,which of the following statements is NOT correct?

Ethical considerations involve going beyond self-interest in reaching a decision.

What kind of unethical business practice was identified in the conduct of James Hardie Industries?

Which of the following would be an example of insider trading?

Which of the following scenarios best describes Jeremy Bentham's utilitarian philosophy?

In a business context,acting ethically is generally considered to involve:

Because they are legal entities,corporations are exempt from ethical responsibilities.

Ethical considerations relate to:

After the McCabe v British American Tobacco case,how did the Parliament of Victoria amend its laws?

Which ethical theory evaluates behaviour according to the consequences of that behaviour?

Explain an advantage associated with ethical business practices?

Which of the following is NOT one of the fundamentals of the definition of the law?

Which of the following is the best explanation of the meaning of the term: 'justice'?

A business can invest in both a socially responsible as well as socially irresponsible manner.Describe and provide examples of both types of investing.

Which of the following is an example of legislation designed to ensure ethical behaviour by business?

Ethical investment involves investing in companies in order to make them behave ethically.

Legal Foundations

Legal Systems

How Law Is Made: Precedentstatute Law

Civil Liability: the Law of Torts and Negligence

Applications of Negligence to Business

Introduction to Contracts

Agreement Between the Parties

Intention to Create Legal Relations

Consideration

Capacity of the Parties

Genuine Consent

Is the Contract Legal

Terms of the Contract

Rights and Liabilities of the Parties,discharge and Remedies

Remedies in Contract

Statutory Consumer Guarantees and the Australian Consumer Law

General and Specific Consumer Protections Under the Acl

Introduction to Companies and Incorporated Associations

Agency

Partnerships

Choosing a Business Entity

Other Business-Related Torts

Insurance

Sale of Goodsbusiness to Business

Property and Mortgages

Intellectual Property

Criminal Law in a Business Context

Competition Law

Insolvency and Debt Recovery

The Work Environment and the Employment Relationship

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