Question 1

In a corporation, managers are often faced with ethical trade-offs when a certain decision will benefit one group, but harm another.

Accepted Answer

A) True 
 B)False

Question 2

Precision Engineering Inc., like other corporations, is subject to laws that are broad in their purpose and their scope. Compliance with these laws is not always sufficient to determine "right" behavior because​

Accepted Answer

A)  ​the law does not codify all ethical requirements. 
B)  ​company codes are also sources of law. 
C)  ​business decisions can have negative impacts. 
D)  ​ethical problems occur in business. 
A)  ​the law does not codify all ethical requirements. 
B)  ​company codes are also sources of law. 
C)  ​business decisions can have negative impacts. 
D)  ​ethical problems occur in business.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

Invested Capital Corporation provides other firms with funds to expand operations. If Invested Capital strictly complies with existing laws, the firm's business ethics obligations will​

Accepted Answer

A)  ​be entirely met. 
B)  ​not be met. 
C)  ​be partially met. 
D)  ​not need to be met. 
A)  ​be entirely met. 
B)  ​not be met. 
C)  ​be partially met. 
D)  ​not need to be met.

Question 6

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally correct when it produces the greatest good for​

Accepted Answer

A)  ​Ross. 
B)  ​Stock & Bond Investments. 
C)  ​the fewest people. 
D)  ​the most people. 
A)  ​Ross. 
B)  ​Stock & Bond Investments. 
C)  ​the fewest people. 
D)  ​the most people.

Question 7

Housemate, Inc., makes and sells a variety of household products. With a fair amount of certainty, Housemate's decision makers can predict whether a given business action would be legal in​

Accepted Answer

A)  ​all situations. 
B)  ​many situations. 
C)  ​no situations. 
D)  ​few situations. 
A)  ​all situations. 
B)  ​many situations. 
C)  ​no situations. 
D)  ​few situations.

Question 8

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 9

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.

Question 10

Management's behavior sets the ethical tone of a firm.

Accepted Answer

A) True 
 B)False

Question 11

Few companies provide any kind of support such as ethical training programs to make their ethical codes more effective.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Exam 1: Business Ethics

In a corporation, managers are often faced with ethical trade-offs when a certain decision will benefit one group, but harm another.

Precision Engineering Inc., like other corporations, is subject to laws that are broad in their purpose and their scope. Compliance with these laws is not always sufficient to determine "right" behavior because​

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

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

Invested Capital Corporation provides other firms with funds to expand operations. If Invested Capital strictly complies with existing laws, the firm's business ethics obligations will​

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally correct when it produces the greatest good for​

Housemate, Inc., makes and sells a variety of household products. With a fair amount of certainty, Housemate's decision makers can predict whether a given business action would be legal in​

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

Management's behavior sets the ethical tone of a firm.

Few companies provide any kind of support such as ethical training programs to make their ethical codes more effective.

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

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

Precision Engineering Inc., like other corporations, is subject to laws that are broad in their purpose and their scope. Compliance with these laws is not always sufficient to determine "right" behavior because

Invested Capital Corporation provides other firms with funds to expand operations. If Invested Capital strictly complies with existing laws, the firm's business ethics obligations will

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally correct when it produces the greatest good for

Housemate, Inc., makes and sells a variety of household products. With a fair amount of certainty, Housemate's decision makers can predict whether a given business action would be legal in

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