Question 1

Teleological theory focuses on the motivation and principle behind an action rather than its consequences.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following is NOT an example of St.Thomas Aquinas' requirements for a law to be just?

Accepted Answer

A)  The law must be within the power of individuals to fulfill it. 
B)  The law must be consonant with a reasoned determination of the universal good. 
C)  The law must be formed to promote a private benefit to the majority. 
D)  The law must be widely promulgated. 
A)  The law must be within the power of individuals to fulfill it. 
B)  The law must be consonant with a reasoned determination of the universal good. 
C)  The law must be formed to promote a private benefit to the majority. 
D)  The law must be widely promulgated. C

Question 3

Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally __________ doctrine.

Accepted Answer

A)  positive 
B)  risky 
C)  good 
D)  subversive 
A)  positive 
B)  risky 
C)  good 
D)  subversive D

Question 4

Rawlsian moral theory seeks to maximize the condition of the worst off person in society.

Accepted Answer

A) True 
 B)False

Question 5

As manager,Merce tells all employees the expectation is for them to treat others as they would like to be treated.Which of following is a descriptive term for Merce's requirement?

Accepted Answer

A)  The Required Rule 
B)  The Accepted Rule 
C)  The Golden Rule 
D)  The Advanced Rule 
A)  The Required Rule 
B)  The Accepted Rule 
C)  The Golden Rule 
D)  The Advanced Rule

Question 6

The Tylenol example shows that no matter how many economic resources a company puts behind restoring its reputation,public image is not generally regained.

Accepted Answer

A) True 
 B)False

Question 7

In 2015,the average total compensation for a CEO of a company in the Standard and Poor's 500 Index was more than _____ times as much as the average worker.

Accepted Answer

A)  50 
B)  150 
C)  335 
D)  500 
A)  50 
B)  150 
C)  335 
D)  500

Question 8

The CEO of ABC Company was reviewing the company's annual report and realized that two of the company's largest customers were no longer purchasing from ABC.Artie got on the phone to the CEOs of those two companies and offered to fix invoices so that they paid less but could claim higher prices as their expenses and pocket the difference.One of the CEOs agreed and began the transactions.The other CEO notified the Interstate Commerce Commission about this collusion.Discuss how the legal and ethical aspects of this scenario differ.

Accepted Answer

It is not illegal to try to retain,regai

Question 9

The text describes ways in which ethics and law are related.Explain those relationships in terms of what a judge needs to follow and what society's consensus demands.

Accepted Answer

(1)A judge or jury's assessment of the e

Question 10

Discuss why Enron failed and who should be held responsible for the failure.

Accepted Answer

Students should discuss improp

Question 11

Which one of the following is NOT a manner in which a company can promote ethical behavior?

Accepted Answer

A)  ​Lobby legislators for more ethical guidelines 
B)  ​Craft an ethical mission statement 
C)  Provide ethics training 
D)  Adopt a Code of Ethics 
A)  ​Lobby legislators for more ethical guidelines 
B)  ​Craft an ethical mission statement 
C)  Provide ethics training 
D)  Adopt a Code of Ethics

Question 12

Your company has asked you to write a code of ethics.What should you include and why?

Accepted Answer

Many examples are reported in the text o

Question 13

Court rulings and legislation have clearly affirmed that the obligation of a company's directors is to manage the corporation for the best interest of the:

Accepted Answer

A)  corporation. 
B)  officers. 
C)  employees. 
D)  community. 
A)  corporation. 
B)  officers. 
C)  employees. 
D)  community.

Question 14

Which of the following allows rights-based moral theories to be compared to other theories such as a utilitarian framework?

Accepted Answer

A)  Deontology 
B)  Teleological theory 
C)  Comparative justice 
D)  Rawlsian moral theory 
A)  Deontology 
B)  Teleological theory 
C)  Comparative justice 
D)  Rawlsian moral theory

Question 15

Customers can vote with their feet by boycotting unethical practices,such as clothing made in sweatshops.

Accepted Answer

A) True 
 B)False

Question 16

The main issue in CASE 2.1 Meinhard v.Salmon (1928)was whether:

Accepted Answer

A)  the parties equitably adhered to the proper morals of the marketplace. 
B)  Salmon purposely sought to defraud Meinhard. 
C)  a relationship of trust with fiduciary-like obligations was created under the parties' joint venture. 
D)  a buyer's unsavory reputation must be disclosed to a seller. 
A)  the parties equitably adhered to the proper morals of the marketplace. 
B)  Salmon purposely sought to defraud Meinhard. 
C)  a relationship of trust with fiduciary-like obligations was created under the parties' joint venture. 
D)  a buyer's unsavory reputation must be disclosed to a seller.

Question 17

In 1997,the U.S.passed legislation to curb the payment of bribes to government officials by U.S.companies.This legislation is the:

Accepted Answer

A)  Foreign Corrupt Practices Act. 
B)  Dodd-Frank Wall Street Reform and Consumer Protection Act. 
C)  Sarbanes-Oxley Act. 
D)  Bribery Act. 
A)  Foreign Corrupt Practices Act. 
B)  Dodd-Frank Wall Street Reform and Consumer Protection Act. 
C)  Sarbanes-Oxley Act. 
D)  Bribery Act.

Question 18

__________ justice focuses on how the burden and benefits of a particular system are distributed.

Accepted Answer

A)  Compensatory 
B)  Retributive 
C)  Distributive 
D)  Rawlsian 
A)  Compensatory 
B)  Retributive 
C)  Distributive 
D)  Rawlsian

Question 19

If a company employee chooses to follow orders (and breaks the law),the fact that a supervisor ordered those actions is a complete defense at a criminal trial.

Accepted Answer

A) True 
 B)False

Question 20

In the decision tree used by ethical business leaders,which of the following is the first question managers should ask when determining whether a proposed action is ethical?

Accepted Answer

A)  Will it result in a loss of profits? 
B)  Will stockholders approve? 
C)  Will the CEO approve? 
D)  Is it legal? 
A)  Will it result in a loss of profits? 
B)  Will stockholders approve? 
C)  Will the CEO approve? 
D)  Is it legal?

Exam 2: Ethics-And-Law

Teleological theory focuses on the motivation and principle behind an action rather than its consequences.

Which of the following is NOT an example of St.Thomas Aquinas' requirements for a law to be just?

Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally __________ doctrine.

Rawlsian moral theory seeks to maximize the condition of the worst off person in society.

As manager,Merce tells all employees the expectation is for them to treat others as they would like to be treated.Which of following is a descriptive term for Merce's requirement?

The Tylenol example shows that no matter how many economic resources a company puts behind restoring its reputation,public image is not generally regained.

In 2015,the average total compensation for a CEO of a company in the Standard and Poor's 500 Index was more than _____ times as much as the average worker.

The text describes ways in which ethics and law are related.Explain those relationships in terms of what a judge needs to follow and what society's consensus demands.

Discuss why Enron failed and who should be held responsible for the failure.

Which one of the following is NOT a manner in which a company can promote ethical behavior?

Your company has asked you to write a code of ethics.What should you include and why?

Court rulings and legislation have clearly affirmed that the obligation of a company's directors is to manage the corporation for the best interest of the:

Which of the following allows rights-based moral theories to be compared to other theories such as a utilitarian framework?

Customers can vote with their feet by boycotting unethical practices,such as clothing made in sweatshops.

The main issue in CASE 2.1 Meinhard v.Salmon (1928)was whether:

In 1997,the U.S.passed legislation to curb the payment of bribes to government officials by U.S.companies.This legislation is the:

__________ justice focuses on how the burden and benefits of a particular system are distributed.

If a company employee chooses to follow orders (and breaks the law),the fact that a supervisor ordered those actions is a complete defense at a criminal trial.

In the decision tree used by ethical business leaders,which of the following is the first question managers should ask when determining whether a proposed action is ethical?

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