Question 1

According to neoliberalism,or ethical relativism:

Accepted Answer

A) human values apply to all people at all times. 
B) both natural law and positive law form the basis for its beliefs. 
C) there are no objective or absolute standards of right and wrong. 
D) the morality of an action is determined by its ultimate effects. 
A) human values apply to all people at all times. 
B) both natural law and positive law form the basis for its beliefs. 
C) there are no objective or absolute standards of right and wrong. 
D) the morality of an action is determined by its ultimate effects.

Question 2

Amalgamated Enterprises is considering closing its plant in a small U.S.town where its average wages are $10 per hour,and moving production to a foreign country where average wages for the same work will be $2 per hour.Amalgamated is the largest employer in the community.What theories of social responsibility may Amalgamated's management consider in making a final decision about the plant?

Accepted Answer

The traditional view of corporate respon

Question 3

In his book,What Money Can't Buy: The Moral Limits of Markets,author Michael Sandel reveals that market value ethics is the new ethical relativism.

Accepted Answer

A) True 
 B)False

Question 4

Rachel found a bag of money that fell out of an armored car.She decided to keep the money since she did not have full-time employment and was studying to be a nurse.Name and explain the ethical system that Rachel used to make her decision.

Accepted Answer

Rachel used utility thinking,a

Question 5

Ethical theories are all based on the assumption that people want to live ethical lives.

Accepted Answer

A) True 
 B)False

Question 6

Rational ethics,often referred to as objective ethics,states that people's ethical decisions can be judged only by understanding their situations.

Accepted Answer

A) True 
 B)False

Question 7

Until recently,the goal of making a profit for ________ was the only view of corporate responsibility built into statutory and common law.

Accepted Answer

A) its creditors 
B) its shareholders 
C) social responsibility 
D) the government 
A) its creditors 
B) its shareholders 
C) social responsibility 
D) the government

Question 8

Law consists of values that govern a society's attitudes toward right and wrong.

Accepted Answer

A) True 
 B)False

Question 9

________ is a vision of society in which competition for wealth is the only recognized value and virtually all social decisions are left to unregulated markets...It is a world in which..."everything [is] for sale."

Accepted Answer

A) Neoliberalism 
B) Rational ethics 
C) Social contract theory 
D) Utilitarianism 
A) Neoliberalism 
B) Rational ethics 
C) Social contract theory 
D) Utilitarianism

Question 10

Another name for utility thinking is 'cost-benefit' thinking.

Accepted Answer

A) True 
 B)False

Question 11

Developing,formulating,and applying rules in line with our values is the job of:

Accepted Answer

A) ethics. 
B) conduct. 
C) law. 
D) rationalism. 
A) ethics. 
B) conduct. 
C) law. 
D) rationalism.

Question 12

Matrix Corporation's board of directors decides not to outsource its U.S.jobs to China,even though it would cut labor costs by fifty percent.Shareholders subsequently sued the directors for failing to maximize profits.Under the traditional view,the directors would be:

Accepted Answer

A) absolutely immune from any liability to the shareholders. 
B) absolutely liable to the shareholders. 
C) liable to the shareholders,unless they can prove their decision not to outsource was made with the shareholders' profits interest above all other interests. 
D) criminally liable,unless granted immunity by a federal prosecutor. 
A) absolutely immune from any liability to the shareholders. 
B) absolutely liable to the shareholders. 
C) liable to the shareholders,unless they can prove their decision not to outsource was made with the shareholders' profits interest above all other interests. 
D) criminally liable,unless granted immunity by a federal prosecutor.

Question 13

Joe believes that there are absolute standards of right and wrong.Joe's belief is an example of market value ethics.

Accepted Answer

A) True 
 B)False

Question 14

While the law protects our rights,only ethical principles can stop us from doing something that is wrong.

Accepted Answer

A) True 
 B)False

Question 15

________ consist of rules of conduct established by the government of a society to maintain harmony,stability,and justice.

Accepted Answer

A) Morals 
B) Ethics 
C) Laws 
D) Values 
A) Morals 
B) Ethics 
C) Laws 
D) Values

Exam 1: Ethics,social Responsibility,and the Law

According to neoliberalism,or ethical relativism:

In his book,What Money Can't Buy: The Moral Limits of Markets,author Michael Sandel reveals that market value ethics is the new ethical relativism.

Rachel found a bag of money that fell out of an armored car.She decided to keep the money since she did not have full-time employment and was studying to be a nurse.Name and explain the ethical system that Rachel used to make her decision.

Ethical theories are all based on the assumption that people want to live ethical lives.

Rational ethics,often referred to as objective ethics,states that people's ethical decisions can be judged only by understanding their situations.

Until recently,the goal of making a profit for ________ was the only view of corporate responsibility built into statutory and common law.

Law consists of values that govern a society's attitudes toward right and wrong.

________ is a vision of society in which competition for wealth is the only recognized value and virtually all social decisions are left to unregulated markets...It is a world in which..."everything [is] for sale."

Another name for utility thinking is 'cost-benefit' thinking.

Developing,formulating,and applying rules in line with our values is the job of:

Matrix Corporation's board of directors decides not to outsource its U.S.jobs to China,even though it would cut labor costs by fifty percent.Shareholders subsequently sued the directors for failing to maximize profits.Under the traditional view,the directors would be:

Joe believes that there are absolute standards of right and wrong.Joe's belief is an example of market value ethics.

While the law protects our rights,only ethical principles can stop us from doing something that is wrong.

________ consist of rules of conduct established by the government of a society to maintain harmony,stability,and justice.

Sources of the Law

The Judicial Process and Cyber-Procedure

Alternative Dispute Resolution and Cyber-Adr

Criminal Law and Cybercrimes

Tort Law and Cybertorts

The Essentials of Contract Law

Offer,acceptance,and Mutual Assent

Consideration and Cyber-Payments

Capacity and Legality: the Final Elements

Written Contracts and Cyber-Commerce

Third Parties,discharge,and Remedies

Sales Contracts: Formation,title,and Risk of Loss

Sales Contracts: Rights,duties,breach,and Warranties

Product Liability and Consumer Protection

The Nature of Negotiable Instruments

Holders in Due Course,defenses,and Liabilities

Bank-Depositor Relationships and Cyber-Banking

Insurance

Mortgages, land Contracts, and the 21st-Century Financial Crisis

Bankruptcy Law: in Theory, in History, and in Practice

Agency Law

Employment Law

Labor Law

The Business Entity: an Introduction

The Corporate Entity

Managing the Corporate Entity

Government Regulation of the Corporate Entity

Personal Property and Bailments

Real Property and Landlord and Tenant Law

Wills, advanced Directives, and Trusts

Professional Liability

Science, technology, and Law in the 21st Century

International Law and the New World Order

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