Question 1

In making decisions for United Merchandising Company, Vance uses a cost-benefit analysis. This 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. D

Question 2

To assist in detecting illegal bribes, Cut Rite Contractors, Inc., and all U.S. companies, must

Accepted Answer

A)  conceal financial records that reveal past bribes. 
B)  keep records that "accurately and fairly" reflect financial activities. 
C)  make bribes through third parties rather than directly to officials. 
D)  permit payments to foreign officials that are unlawful in that country. 
A)  conceal financial records that reveal past bribes. 
B)  keep records that "accurately and fairly" reflect financial activities. 
C)  make bribes through third parties rather than directly to officials. 
D)  permit payments to foreign officials that are unlawful in that country. B

Question 3

Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale 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. B

Question 4

Setting realistic workplace goals can reduce the probability that employees will act unethically.

Accepted Answer

A) True 
 B)False

Question 5

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions include all of the following except

Accepted Answer

A)  an individual's conscience. 
B)  business rules and procedures. 
C)  loopholes in the law or company policies. 
D)  promises to others. 
A)  an individual's conscience. 
B)  business rules and procedures. 
C)  loopholes in the law or company policies. 
D)  promises to others.

Question 6

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

Accepted Answer

A) True 
 B)False

Question 7

Kennedy Capital Corporation provides other firms with funds to expand operations. If Kenney strictly complies with existing laws, the firm will

Accepted Answer

A)  fulfill all business ethics obligations. 
B)  fulfill no business ethics obligations. 
C)  fulfill some business ethics obligations. 
D)  not need to fulfill any business ethics obligations. 
A)  fulfill all business ethics obligations. 
B)  fulfill no business ethics obligations. 
C)  fulfill some business ethics obligations. 
D)  not need to fulfill any business ethics obligations.

Question 8

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies his belief that all persons have fundamental rights. This is

Accepted Answer

A)  a religious rule. 
B)  the categorical imperative. 
C)  the principle of rights. 
D)  utilitarianism. 
A)  a religious rule. 
B)  the categorical imperative. 
C)  the principle of rights. 
D)  utilitarianism.

Question 9

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

Accepted Answer

A)  one group as opposed to another. 
B)  the firm's competitors. 
C)  the government. 
D)  the U.S. Chamber of Commerce. 
A)  one group as opposed to another. 
B)  the firm's competitors. 
C)  the government. 
D)  the U.S. Chamber of Commerce.

Question 10

Matchless Clothing Company buys clothing assembled by Nantra, Ltd., a foreign firm that employs young children for long hours and low pay. Nantra's nation does not enforce its child labor laws. Human International Politics (HIP), a political activist organization, discovers Matchless's connection to Nantra and plans to reveal this information. Before HIP does so, however, Matchless publicly releases the information itself and announces that it is severing its relationship with Nantra. Matchless publicizes its action in its advertising, and the company's sales and profits increase, apparently as a direct result. Has Matchless acted unethically in any way From an ethical perspective, is Matchless's conduct in this situation more important than whatever its motive might be

Accepted Answer

Matchless has not acted unethically in p

Question 11

Business ethics focuses on ethical behavior in the business world.

Accepted Answer

A) True 
 B)False

Question 12

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

Accepted Answer

A) True 
 B)False

Question 13

Mariah works in the public relations department of New Trends Sales Company. Her job includes portraying New Trends's activities in their best light. In this context, ethics consist of

Accepted Answer

A)  a different set of principles from those that apply to other activities. 
B)  the same moral principles that apply to non-business activities. 
C)  those principles that produce the most favorable financial outcome. 
D)  whatever saves New Trends's "face." 
A)  a different set of principles from those that apply to other activities. 
B)  the same moral principles that apply to non-business activities. 
C)  those principles that produce the most favorable financial outcome. 
D)  whatever saves New Trends's "face."

Question 14

The minimal acceptable standard for ethical behavior is compliance with the law.

Accepted Answer

A) True 
 B)False

Question 15

According to utilitarianism, an action that affects the majority adversely is morally wrong.

Accepted Answer

A) True 
 B)False

Question 16

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Accepted Answer

A)  agrees to produce goods at Retail Mart's desired price. 
B)  goes unnoticed by "corporate watch" groups. 
C)  exploits its workers. 
D)  pays its workers less than the U.S. minimum wage. 
A)  agrees to produce goods at Retail Mart's desired price. 
B)  goes unnoticed by "corporate watch" groups. 
C)  exploits its workers. 
D)  pays its workers less than the U.S. minimum wage.

Question 17

Ophelia, an executive with Pharma Drug Distribution, Inc., has to decide whether to market a product that might have undesirable side effects for a small percentage of users. How should Ophelia decide whether to sell the product How does the standard of ethics that is applied affect this answer

Accepted Answer

When a corporate executive has to decide

Question 18

Halley, a lawyer on the staff of International Group, applies the utilitarian theory of ethics in business contexts. Utilitarianism focuses on

Accepted Answer

A)  moral values. 
B)  religious beliefs. 
C)  the consequences of an action. 
D)  the nature of an action. 
A)  moral values. 
B)  religious beliefs. 
C)  the consequences of an action. 
D)  the nature of an action.

Question 19

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Question 20

Corporations can be perceived as owing ethical duties to groups other than their shareholders.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Business Decision Making

In making decisions for United Merchandising Company, Vance uses a cost-benefit analysis. This is part of

To assist in detecting illegal bribes, Cut Rite Contractors, Inc., and all U.S. companies, must

Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has

Setting realistic workplace goals can reduce the probability that employees will act unethically.

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions include all of the following except

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

Kennedy Capital Corporation provides other firms with funds to expand operations. If Kenney strictly complies with existing laws, the firm will

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies his belief that all persons have fundamental rights. This is

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

Business ethics focuses on ethical behavior in the business world.

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

Mariah works in the public relations department of New Trends Sales Company. Her job includes portraying New Trends's activities in their best light. In this context, ethics consist of

The minimal acceptable standard for ethical behavior is compliance with the law.

According to utilitarianism, an action that affects the majority adversely is morally wrong.

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Ophelia, an executive with Pharma Drug Distribution, Inc., has to decide whether to market a product that might have undesirable side effects for a small percentage of users. How should Ophelia decide whether to sell the product How does the standard of ethics that is applied affect this answer

Halley, a lawyer on the staff of International Group, applies the utilitarian theory of ethics in business contexts. Utilitarianism focuses on

The legality of an action is always clear.

Corporations can be perceived as owing ethical duties to groups other than their shareholders.

Introduction to Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Constitutional Authority to Regulate Business

Intentional Torts and Privacy

Negligence and Strict Liability

Intellectual Property and Internet Law

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Statute of Frauds

Third Party Rights

Performance and Discharge

Breach of Contract and Remedies

The Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance Breach of Sales Lease Contracts

Warranties and Product Liability

International Law in a Global Economy

The Function Creation of Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Checks and Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Mortgages Foreclosures After the Recession

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination

Sole Proprietorships and Franchises

Partnerships and Limited Liability Partnerships

Limited Liability Companies Special Business Forms

Corporate Formation and Financing

Corporate Directors, Officers, Shareholders

Corporate Merger, Consolidation, Termination

Securities Law Corporate Governance

Law for Small Business

Administrative Law

Consumer Law

Environmental Law

Antitrust Law

Professional Liaility and Accountability

Personal Property and Bailments

Real Property Landlord-Tenant Relationships

Insurance

Wills and Trusts

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