Question 1

Select the best definition of ethics:

Accepted Answer

A) a set of rules for behavior. 
B) a menu of options regarding what we must do. 
C) amenu of options regarding what we should do. 
D) standards that must be met to avoid penalty. 
A) a set of rules for behavior. 
B) a menu of options regarding what we must do. 
C) amenu of options regarding what we should do. 
D) standards that must be met to avoid penalty. C

Question 2

Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?

Accepted Answer

A) Outsourcing to other countries is wrong because it is detrimental to the overall US economy. 
B) When making decisions, corporate managers should consider the interests of all the corporation's stakeholders. 
C) The only social responsibility of business is to increase profits in a legal and ethical manner. 
D) Automating processes and replacing workers is unethical since it does not serve a greater good. 
A) Outsourcing to other countries is wrong because it is detrimental to the overall US economy. 
B) When making decisions, corporate managers should consider the interests of all the corporation's stakeholders. 
C) The only social responsibility of business is to increase profits in a legal and ethical manner. 
D) Automating processes and replacing workers is unethical since it does not serve a greater good. C

Question 3

Describe the philosophy of noted economist,Milton Friedman,on the issue of "free market ethics."

Accepted Answer

Friedman held that it is wrong for managers to use corporate resources to deal with problems in society at large.  Decisions regarding such social problems should be addressed by governments in the political arena and funded by tax dollars.  A decision by corporate managers to aid society is,in effect,theft of stockholders' resources.  Therefore,managers should make decisions by focusing on the benefits to shareholders.

Question 4

The Ethic of Care is:

Accepted Answer

A) A set of rules that explain how to prioritize those people affected by a decision so that a utilitarian analysis can be done successfully. 
B) A set of universal principles, which applied evenly to all decisions will result in fairness and equity in ethical decisions. 
C) The idea that we should all make decisions under the assumption that we don't know our station in life, that we could be the person most negatively impacted by the decision. 
D) A set of principles that encourage decision makers to look at human relationships as a primary motivator for a decision. 
A) A set of rules that explain how to prioritize those people affected by a decision so that a utilitarian analysis can be done successfully. 
B) A set of universal principles, which applied evenly to all decisions will result in fairness and equity in ethical decisions. 
C) The idea that we should all make decisions under the assumption that we don't know our station in life, that we could be the person most negatively impacted by the decision. 
D) A set of principles that encourage decision makers to look at human relationships as a primary motivator for a decision.

Question 5

Choose the statement regarding duty to rescue that is false:

Accepted Answer

A) There is no general duty to rescue an individual. 
B) Individual freedom dictates that a person should not be forced to act. 
C) Under a liberal-communitarian approach, citizens owe a duty to the state to rescue other citizens. 
D) When one taunts another person who then puts themselves in danger in response to the teasing, the teaser has a duty to rescue the person teased. 
A) There is no general duty to rescue an individual. 
B) Individual freedom dictates that a person should not be forced to act. 
C) Under a liberal-communitarian approach, citizens owe a duty to the state to rescue other citizens. 
D) When one taunts another person who then puts themselves in danger in response to the teasing, the teaser has a duty to rescue the person teased.

Question 6

Discuss the differences in utilitarianism and Deontology in making a decision.​

Accepted Answer

According to utilitarianism,in any situa

Question 7

Explain why laws exist that do not impose a duty to rescue.​

Accepted Answer

Traditionally,our society has tended to

Question 8

According to Citizens United v.Federal Election Commission,which of the following is NOT a reason to allow corporations the right to spend money and advertise for political candidates?

Accepted Answer

A) Political speech is the most important, and most protected, speech that exists. It is crucial to the democratic process that political speech be encouraged and heard. 
B) The immense wealth of a corporation allows it to be the most accurate in providing messages to people. 
C) Independent expenditure by corporations do not give rise to corruption or the appearance of corruption. 
D) Rapid changes in technology suggest laws restricting political speech should not be upheld. 
A) Political speech is the most important, and most protected, speech that exists. It is crucial to the democratic process that political speech be encouraged and heard. 
B) The immense wealth of a corporation allows it to be the most accurate in providing messages to people. 
C) Independent expenditure by corporations do not give rise to corruption or the appearance of corruption. 
D) Rapid changes in technology suggest laws restricting political speech should not be upheld.

Question 9

Which of the following statements is INCORRECT regarding the rights of shareholders?
I. Shareholders have voting power on major issues and ownership in a portion of the company
II. Shareholders have the right to transfer ownership and are entitled to dividends
III. Shareholders have the right to hire and fire management and select and appoint a chief executive

Accepted Answer

A) I and II 
B) I, II, and III 
C) I only 
D) III only 
A) I and II 
B) I, II, and III 
C) I only 
D) III only

Question 10

Which of the following accurately explains differences between the free market ethical perspective and utilitarianism?

Accepted Answer

A) While both the free market ethical perspective and utilitarianism are both concerned with the well-being of shareholders, utilitarianism considers the well-being of shareholders along with other stakeholders. 
B) The free market ethical perspective focuses on shareholder well-being, with utilitarianism does not consider the effects on shareholders. 
C) Following the law is not required by the free market ethical perspective, but it is required by utilitarianism. 
D) While the free market ethical perspective is concerned with making a profit, utilitarianism does not consider profit as a desirable outcome. 
A) While both the free market ethical perspective and utilitarianism are both concerned with the well-being of shareholders, utilitarianism considers the well-being of shareholders along with other stakeholders. 
B) The free market ethical perspective focuses on shareholder well-being, with utilitarianism does not consider the effects on shareholders. 
C) Following the law is not required by the free market ethical perspective, but it is required by utilitarianism. 
D) While the free market ethical perspective is concerned with making a profit, utilitarianism does not consider profit as a desirable outcome.

Question 11

Corporate director or officer decisions to dedicate corporate funds for social causes is called:

Accepted Answer

A) Corporate Social Responsibility (CSR) 
B) Social Activism (S
A)  
C) Business Engagement in Environmental Situations (BEES) 
D) Strategic Investment in Stakeholder Issues (SISI) 
A) Corporate Social Responsibility (CSR) 
B) Social Activism (S
A)  
C) Business Engagement in Environmental Situations (BEES) 
D) Strategic Investment in Stakeholder Issues (SISI)

Question 12

Which of the following statements regarding Benefit Corporations is true?

Accepted Answer

A) Benefit corporations are not concerned with making profit for their shareholders. 
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose. 
C) Benefit corporations are incorporated under state law with the intent to be profitable. 
D) All of these statements regarding benefit corporations are true. 
A) Benefit corporations are not concerned with making profit for their shareholders. 
B) Directors of benefit corporations are protected from all lawsuits from both shareholders and beneficiaries of the corporation's public benefit purpose. 
C) Benefit corporations are incorporated under state law with the intent to be profitable. 
D) All of these statements regarding benefit corporations are true.

Question 13

In the wake of Citizens United and other related court decisions,what type of nonprofit organization can raise unlimited funds from individuals and corporations and use those funds for political campaign ads,as long as it does not collaborate directly with official political campaigns?

Accepted Answer

A) Benefit Corporations 
B) 501(c)s 
C) SuperPACs 
D) Multinational corporations 
A) Benefit Corporations 
B) 501(c)s 
C) SuperPACs 
D) Multinational corporations

Question 14

Discuss the similarities and differences between a traditional corporation and a benefit corporation.​

Accepted Answer

Both types of corporations are incorpora

Question 15

Explain the potential negative effects of allowing corporations to contribute unlimited amounts of money to support political causes.​

Accepted Answer

There are several potential negative eff

Question 16

Describe the difference between the law and ethics.​

Accepted Answer

Law provides for a set of rules for beha

Question 17

All of the following are considered exceptions to the general rule that there is no duty to rescue except:

Accepted Answer

A) Pre-existing duty: For example, lifeguards have signed contracts agreeing to rescue people in exchange for pay and benefits. 
B) Witnessing an accident: This creates a duty to step in and help the injured. 
C) Employer: A duty exists to help an employee injured while working for that employer. 
D) Endangerment: If one puts another in danger, they are obligated to rescue the person put in danger. 
A) Pre-existing duty: For example, lifeguards have signed contracts agreeing to rescue people in exchange for pay and benefits. 
B) Witnessing an accident: This creates a duty to step in and help the injured. 
C) Employer: A duty exists to help an employee injured while working for that employer. 
D) Endangerment: If one puts another in danger, they are obligated to rescue the person put in danger.

Question 18

Laws must be static and unyielding in order to provide stability for a society.

Accepted Answer

A) True 
 B)False

Question 19

From where do ethical preferences originate?​

Accepted Answer

Ethical preferences originate not from l

Question 20

Virtue ethics:​

Accepted Answer

A) focuses on what human beings are capable of being. 
B) requires strict adherence to specific standards of behavior. 
C) accepts that individuals rarely reach moral excellence. 
D) are based on the concept that a person's ethical beliefs are developed in childhood and do not change. 
A) focuses on what human beings are capable of being. 
B) requires strict adherence to specific standards of behavior. 
C) accepts that individuals rarely reach moral excellence. 
D) are based on the concept that a person's ethical beliefs are developed in childhood and do not change.

Select the best definition of ethics:

Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?

Describe the philosophy of noted economist,Milton Friedman,on the issue of "free market ethics."

The Ethic of Care is:

Choose the statement regarding duty to rescue that is false:

Discuss the differences in utilitarianism and Deontology in making a decision.

Explain why laws exist that do not impose a duty to rescue.

According to Citizens United v.Federal Election Commission,which of the following is NOT a reason to allow corporations the right to spend money and advertise for political candidates?

Which of the following accurately explains differences between the free market ethical perspective and utilitarianism?

Corporate director or officer decisions to dedicate corporate funds for social causes is called:

Which of the following statements regarding Benefit Corporations is true?

In the wake of Citizens United and other related court decisions,what type of nonprofit organization can raise unlimited funds from individuals and corporations and use those funds for political campaign ads,as long as it does not collaborate directly with official political campaigns?

Discuss the similarities and differences between a traditional corporation and a benefit corporation.

Explain the potential negative effects of allowing corporations to contribute unlimited amounts of money to support political causes.

Describe the difference between the law and ethics.

All of the following are considered exceptions to the general rule that there is no duty to rescue except:

Laws must be static and unyielding in order to provide stability for a society.

From where do ethical preferences originate?

Virtue ethics:

The New Economy: Revisioning Work

Whistleblowing: Conflicting Loyalties

Privacy: Technology, Surveillance and Freedom

Diversity: Equity and Justice for All

Health and Safety: Workers Rights As Human Rights

Environmental Sustainability: Law and Fairness

Marketing: Technology,Choice, Manipulation

Product Liability: Allocating Risk Responsibility

Intellectual Property: Ownership, Creativity, and Innovation

Filters

Exam 1: Law, Ethics, Business: An Introduction

Select the best definition of ethics:

Which of the following views would be consistent with the free market ethics approach advocated by Milton Friedman?

Describe the philosophy of noted economist,Milton Friedman,on the issue of "free market ethics."

The Ethic of Care is:

Choose the statement regarding duty to rescue that is false:

Discuss the differences in utilitarianism and Deontology in making a decision.​

Explain why laws exist that do not impose a duty to rescue.​

According to Citizens United v.Federal Election Commission,which of the following is NOT a reason to allow corporations the right to spend money and advertise for political candidates?

Which of the following accurately explains differences between the free market ethical perspective and utilitarianism?

Corporate director or officer decisions to dedicate corporate funds for social causes is called:

Which of the following statements regarding Benefit Corporations is true?

In the wake of Citizens United and other related court decisions,what type of nonprofit organization can raise unlimited funds from individuals and corporations and use those funds for political campaign ads,as long as it does not collaborate directly with official political campaigns?

Discuss the similarities and differences between a traditional corporation and a benefit corporation.​

Explain the potential negative effects of allowing corporations to contribute unlimited amounts of money to support political causes.​

Describe the difference between the law and ethics.​

All of the following are considered exceptions to the general rule that there is no duty to rescue except:

Laws must be static and unyielding in order to provide stability for a society.

From where do ethical preferences originate?​

Virtue ethics:​

The New Economy: Revisioning Work

Whistleblowing: Conflicting Loyalties

Privacy: Technology, Surveillance and Freedom

Diversity: Equity and Justice for All

Health and Safety: Workers Rights As Human Rights

Environmental Sustainability: Law and Fairness

Marketing: Technology,Choice, Manipulation

Product Liability: Allocating Risk Responsibility

Intellectual Property: Ownership, Creativity, and Innovation

Filters

Discuss the differences in utilitarianism and Deontology in making a decision.

Explain why laws exist that do not impose a duty to rescue.

Discuss the similarities and differences between a traditional corporation and a benefit corporation.

Explain the potential negative effects of allowing corporations to contribute unlimited amounts of money to support political causes.

Describe the difference between the law and ethics.

From where do ethical preferences originate?

Virtue ethics: