Question 1

The field of business ethics recognizes that social values typically must yield to the profitability motive.

Accepted Answer

A) True 
 B)False

Question 2

In addition to issues of social responsibility,business values and ethics play an important role in the success or failure of a business.

Accepted Answer

A) True 
 B)False

Question 3

Laws that prohibit theft,operation of a factory in areas zoned residential,and copyright infringement exist primarily:

Accepted Answer

A)  for protection of the person. 
B)  for protection of public health,safety,and morals. 
C)  for protection of property. 
D)  for protection of the state. 
A)  for protection of the person. 
B)  for protection of public health,safety,and morals. 
C)  for protection of property. 
D)  for protection of the state.

Question 4

Ethical egoism believes that feeling guilty about poor ethical decisions will lead to better future decisions.

Accepted Answer

A) True 
 B)False

Question 5

Positive law:

Accepted Answer

A)  is enacted by government authority. 
B)  ensures that businesses will follow a high level of ethical standards. 
C)  is also known as natural law. 
D)  all of the above. 
A)  is enacted by government authority. 
B)  ensures that businesses will follow a high level of ethical standards. 
C)  is also known as natural law. 
D)  all of the above.

Question 6

The passage of federal securities disclosure laws occurred largely as the result of:

Accepted Answer

A)  voluntary self-regulation by ethics experts in the securities industry. 
B)  the stock market crash of 1929. 
C)  changes in the international market for securities and negotiable instruments. 
D)  all of the above. 
A)  voluntary self-regulation by ethics experts in the securities industry. 
B)  the stock market crash of 1929. 
C)  changes in the international market for securities and negotiable instruments. 
D)  all of the above.

Question 7

United States common law requires that case precedents be followed under all circumstances.

Accepted Answer

A) True 
 B)False

Question 8

Companies with 100 years of consistent dividends:

Accepted Answer

A)  use positive laws as a guide for ethical decisions. 
B)  have a goal of profitability no matter what the cost. 
C)  have a strong commitment to values. 
D)  all of the above. 
A)  use positive laws as a guide for ethical decisions. 
B)  have a goal of profitability no matter what the cost. 
C)  have a strong commitment to values. 
D)  all of the above.

Question 9

Immanuel Kant's categorical imperative theory:

Accepted Answer

A)  requires that we avoid one-sided benefits as a result of ethical decisions. 
B)  makes it easier to settle international business ethical decisions. 
C)  believes you have to be fair and ethical whether you want to be or not. 
D)  all of the above. 
A)  requires that we avoid one-sided benefits as a result of ethical decisions. 
B)  makes it easier to settle international business ethical decisions. 
C)  believes you have to be fair and ethical whether you want to be or not. 
D)  all of the above.

Question 10

The often competing rights of both debtors and creditors are balanced and protected from excesses under United States law.

Accepted Answer

A) True 
 B)False

Question 11

Kant's theory understood that sometimes you have to use someone to achieve a one-sided benefit.

Accepted Answer

A) True 
 B)False

Question 12

The Utilitarian Theory:

Accepted Answer

A)  holds that we all act in our own self-interest. 
B)  is based on doing the most good for the most people. 
C)  resolves ethical dilemmas according to time and place. 
D)  believes that solving ethical dilemmas requires training 
A)  holds that we all act in our own self-interest. 
B)  is based on doing the most good for the most people. 
C)  resolves ethical dilemmas according to time and place. 
D)  believes that solving ethical dilemmas requires training

Exam 3: Business Ethics, Social Forces, and the Law

The field of business ethics recognizes that social values typically must yield to the profitability motive.

In addition to issues of social responsibility,business values and ethics play an important role in the success or failure of a business.

Laws that prohibit theft,operation of a factory in areas zoned residential,and copyright infringement exist primarily:

Ethical egoism believes that feeling guilty about poor ethical decisions will lead to better future decisions.

Positive law:

The passage of federal securities disclosure laws occurred largely as the result of:

United States common law requires that case precedents be followed under all circumstances.

Companies with 100 years of consistent dividends:

Immanuel Kant's categorical imperative theory:

The often competing rights of both debtors and creditors are balanced and protected from excesses under United States law.

Kant's theory understood that sometimes you have to use someone to achieve a one-sided benefit.

The Utilitarian Theory:

The Nature and Sources of Law

The Court System and Dispute Resolution

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

The Legal Environment of International Trade

Crimes

Torts

Intellectual Property Rights

Cyberlaw

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Instruments, parties, and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor-Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

Filters