Question 1

The theory that calls for a fair allocation of society's benefits and burdens among all members of society is _____.

Accepted Answer

A)  profit maximization 
B)  Kantianism 
C)  modern rights theory 
D)  justice theory 
A)  profit maximization 
B)  Kantianism 
C)  modern rights theory 
D)  justice theory

Question 2

Businesses taking an active approach to government regulation have discovered that by initiating regulatory legislation they can head off the risk of later unpredictable lawsuits, influence the nature of the legislation, and ensure that all of their competitors are subject to the same constraints.

Accepted Answer

A) True 
 B)False

Question 3

Deontological ethical theory focuses on the actions or process of decision-making, rather than the consequences.

Accepted Answer

A) True 
 B)False

Question 4

The Sarbanes-Oxley Act:

Accepted Answer

A)  broadly defines obstruction of justice and makes obstruction of audit work papers a felony. 
B)  decreases the penalties for conscious law breaking. 
C)  decreases the likelihood of detection and prosecution of illegal behavior. 
D)  adopts the theory of allocational efficiency, under which the primary objective of a business corporation is to maximize profits. 
A)  broadly defines obstruction of justice and makes obstruction of audit work papers a felony. 
B)  decreases the penalties for conscious law breaking. 
C)  decreases the likelihood of detection and prosecution of illegal behavior. 
D)  adopts the theory of allocational efficiency, under which the primary objective of a business corporation is to maximize profits.

Question 5

The tendency for members of a group to internalize the group's values and perceptions and to suppress critical thought is known as _____.

Accepted Answer

A)  risky shift 
B)  social malingering 
C)  herd behavior 
D)  groupthink 
A)  risky shift 
B)  social malingering 
C)  herd behavior 
D)  groupthink

Question 6

According to the decision-making model that is drawn heavily from the thoughts of Joseph L. Badaracco Jr., the question, "What course is consistent with personal morality and the basic values of the company?" draws from the decision maker's personal philosophy as well as the commitments she owes to the corporation and its shareholders.

Accepted Answer

A) True 
 B)False

Question 7

Explain the theory of utilitarianism.

Accepted Answer

Under utilitarianism, an ethical decisio

Question 8

Explain Kantianism.

Accepted Answer

Unlike most rights theorists, Immanuel K

Question 9

In the context of the decision-making model drawn heavily from the thoughts of Joseph L. Badaracco Jr., identify the correct statement regarding the question, "Which course of action is feasible?"

Accepted Answer

A)  This question borrows from both the modern rights theories and justice theory and it identifies which particular rights are at stake. 
B)  This question is teleological in nature in that it focuses on the morality of the consequences of the decision. 
C)  This question recognizes that ethics and morality must be practical. 
D)  This question draws from the decision maker's personal philosophy as well as the commitments he or she owes to the corporation and its shareholders. 
A)  This question borrows from both the modern rights theories and justice theory and it identifies which particular rights are at stake. 
B)  This question is teleological in nature in that it focuses on the morality of the consequences of the decision. 
C)  This question recognizes that ethics and morality must be practical. 
D)  This question draws from the decision maker's personal philosophy as well as the commitments he or she owes to the corporation and its shareholders.

Question 10

The problem with looking at values that find wide acceptance as a guide to ethical corporate behavior is that:

Accepted Answer

A)  modern life holds a diversity of conflicting ethical views. 
B)  most widely-accepted values are uninformed. 
C)  companies will always look to profit maximization over anything else. 
D)  culture has no effect on the ethical attitudes of business managers in today's global world. 
A)  modern life holds a diversity of conflicting ethical views. 
B)  most widely-accepted values are uninformed. 
C)  companies will always look to profit maximization over anything else. 
D)  culture has no effect on the ethical attitudes of business managers in today's global world.

Exam 3: Business Ethics and Corporate Social Responsibility

The theory that calls for a fair allocation of society's benefits and burdens among all members of society is _____.

Businesses taking an active approach to government regulation have discovered that by initiating regulatory legislation they can head off the risk of later unpredictable lawsuits, influence the nature of the legislation, and ensure that all of their competitors are subject to the same constraints.

Deontological ethical theory focuses on the actions or process of decision-making, rather than the consequences.

The Sarbanes-Oxley Act:

The tendency for members of a group to internalize the group's values and perceptions and to suppress critical thought is known as _____.

Explain the theory of utilitarianism.

Explain Kantianism.

In the context of the decision-making model drawn heavily from the thoughts of Joseph L. Badaracco Jr., identify the correct statement regarding the question, "Which course of action is feasible?"

The problem with looking at values that find wide acceptance as a guide to ethical corporate behavior is that:

Law, Legal Reasoning, and the Legal Profession

Dispute Settlement

Business and the Constitution

Crimes

Intentional Torts

Negligence and Strict Liability

Licensing and Intellectual Property

The Nature and Origins of Contracts

Creating a Contract: Offers

Creating a Contract: Acceptances

Consideration

Capacity to Contract

Voluntary Consent

Illegality

The Form and Meaning of Contracts

Third Parties Contract Rights

Performance and Remedies

Formation and Terms of Sales Contracts

Warranties and Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

The Agency Relationship-Creation, Duties, and Termination

Liability of Principals and Agents to Third Parties

Employment Laws

Which Form of Business Organization

Partnerships

Formation and Termination of Corporations

Management of the Corporate Business

Financing the Corporation and the Role of the Shareholders

Securities Regulation

Legal Liability of Accountants

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Fund Transfers

Introduction to Security

Security Interests in Personal Property

Bankruptcy

The Antitrust Laws

Consumer Protection Laws

Environmental Regulation

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