Question 1

An action may be legal but not ethical.

Accepted Answer

A) True 
 B)False

Question 2

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 3

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 4

The concept of corporate social responsibility is imposed on corporations by law.

Accepted Answer

A) True 
 B)False

Question 5

Business ethics looks at the decisions that businesses make or have to make and whether those decisions are right or wrong.

Accepted Answer

A) True 
 B)False

Question 6

Religious rules generally are absolute with respect to the behavior of their adherents.

Accepted Answer

A) True 
 B)False

Question 7

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 8

Focusing on a firm's short-run profits without considering the company's longterm needs may be acting unethically.

Accepted Answer

A) True 
 B)False

Question 9

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 10

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 11

Provident Medical Health Center asks its employees, many of which are members of the American Nurses Association, to apply the utilitarian theory of ethics. This theory does not require​

Accepted Answer

A)  ​a choice among alternatives to produce the maximum societal utility. 
B)  ​a determination of whom an action will affect. 
C)  ​an assessment of the effects of alternatives on those affected. 
D)  ​the acquiring of the means of production by workers. 
A)  ​a choice among alternatives to produce the maximum societal utility. 
B)  ​a determination of whom an action will affect. 
C)  ​an assessment of the effects of alternatives on those affected. 
D)  ​the acquiring of the means of production by workers.

Question 12

Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except​

Accepted Answer

A)  ​absolution. 
B)  ​decision. 
C)  ​inquiry. 
D)  ​justification. 
A)  ​absolution. 
B)  ​decision. 
C)  ​inquiry. 
D)  ​justification.

Question 13

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 14

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 15

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 16

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

Accepted Answer

A) True 
 B)False

Question 17

According to the view that Applied Engineering Corporation is a "citizen," the firm is expected to​

Accepted Answer

A)  ​participate in bettering communities and society. 
B)  ​primarily generate revenue for its owners. 
C)  ​have no responsibility other than profit maximization. 
D)  ​efficiently allocate scarce resources. 
A)  ​participate in bettering communities and society. 
B)  ​primarily generate revenue for its owners. 
C)  ​have no responsibility other than profit maximization. 
D)  ​efficiently allocate scarce resources.

Question 18

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 19

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 20

The effectiveness of internal company codes of ethics is determined by the degree of their enforcement by legal authorities.

Accepted Answer

A) True 
 B)False

Exam 1: Business Ethics

An action may be legal but not ethical.

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​

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

The concept of corporate social responsibility is imposed on corporations by law.

Business ethics looks at the decisions that businesses make or have to make and whether those decisions are right or wrong.

Religious rules generally are absolute with respect to the behavior of their adherents.

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

Focusing on a firm's short-run profits without considering the company's longterm needs may be acting unethically.

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​

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

Provident Medical Health Center asks its employees, many of which are members of the American Nurses Association, to apply the utilitarian theory of ethics. This theory does not require​

Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except​

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

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​

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​

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

According to the view that Applied Engineering Corporation is a "citizen," the firm is expected to​

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​

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

The effectiveness of internal company codes of ethics is determined by the degree of their enforcement by legal authorities.

Small Businesses and Franchises

All Forms of Partnerships

Limited Liability Companies and Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, and Shareholders

Securities Law and Corporate Governance

Tort Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

The Formation of Sales and Lease Contracts

Performance and Breach of Sales and Lease Contracts

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

Professional Liability and Accountability

Administrative Agencies

Consumer Law

Environmental Protection

Antitrust Law

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Intellectual Property

Insurance

Wills and Trusts

Digital Update:should Employees Have a Right of Disconnecting

Digital Update: Revenge Porn and Invasion of Privacy

Digital Update: Taxing Web Purchases

Ethics Today:what Are an Attorneys Responsibilities for Protecting Data Stored in a Cloud

Digital Update:the Exploding World of Digital Property

Filters

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

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

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

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

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

Provident Medical Health Center asks its employees, many of which are members of the American Nurses Association, to apply the utilitarian theory of ethics. This theory does not require

Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except

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

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

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

According to the view that Applied Engineering Corporation is a "citizen," the firm is expected to

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

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