Question 1

The Front-Page-of-the-Newspaper Test helps managers view ethical decisions in terms of public disclosure of the proposed conduct.

Accepted Answer

A) True 
 B)False  True

Question 2

Moral relativists believe that ethical decisions will differ based on circumstances.

Accepted Answer

A) True 
 B)False  True

Question 3

There is no evidence that commitment to ethical values is linked with financial performance of business organizations.

Accepted Answer

A) True 
 B)False  False

Question 4

The final question of the Blanchard-Peale "Three Part Test", has to do with conscience.

Accepted Answer

A) True 
 B)False

Question 5

The passage of federal securities disclosure laws occurred largely as the result of:

Accepted Answer

A)  voluntary self-regulation by ethics experts in the securities industry. 
B)  the stock market crash of 1929. 
C)  changes in the international market for securities and negotiable instruments. 
D)  legislative changes protecting debtors and creditors. 
A)  voluntary self-regulation by ethics experts in the securities industry. 
B)  the stock market crash of 1929. 
C)  changes in the international market for securities and negotiable instruments. 
D)  legislative changes protecting debtors and creditors.

Question 6

Ethics is a philosophical concept that deals with values related to the nature of human conduct.

Accepted Answer

A) True 
 B)False

Question 7

Kant's theory understood that sometimes you have to use someone to achieve a one-sided benefit.

Accepted Answer

A) True 
 B)False

Question 8

Laws that prohibit theft, operation of a factory in areas zoned residential, and copyright infringement exist primarily:

Accepted Answer

A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state. 
A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state.

Question 9

Voluntary improvements in value choices and business ethics are:

Accepted Answer

A)  less effective than those brought about by government regulation. 
B)  less costly and intrusive than those brought about by government regulation. 
C)  virtually nonexistent in corporate America. 
D)  more common in third-world countries than in the United States. 
A)  less effective than those brought about by government regulation. 
B)  less costly and intrusive than those brought about by government regulation. 
C)  virtually nonexistent in corporate America. 
D)  more common in third-world countries than in the United States.

Question 10

The field of business ethics recognizes that social values typically must yield to the profitability motive.

Accepted Answer

A) True 
 B)False

Question 11

Trust is a fundamental basis of the capitalist system that is central to the expectations of investors, customers, and other firm stakeholders.

Accepted Answer

A) True 
 B)False

Question 12

An accumulation of complaints from employees, customers, or investors can lead to imposition of restrictive new regulations and laws.

Accepted Answer

A) True 
 B)False

Question 13

To Immanuel Kant, an action is ethical if it is fair and done for the right reasons.

Accepted Answer

A) True 
 B)False

Question 14

"Primum non nocere" is Latin for:

Accepted Answer

A)  Above all, do no harm. 
B)  Let the buyer beware. 
C)  Hear no evil, see no evil, and speak no evil. 
D)  No news is good news. 
A)  Above all, do no harm. 
B)  Let the buyer beware. 
C)  Hear no evil, see no evil, and speak no evil. 
D)  No news is good news.

Question 15

Which of the following is not a question business ethicist Laura Nash has developed to help businesspeople reach the right decision in ethical dilemmas?

Accepted Answer

A)  Have you defined the problem accurately? 
B)  How would you define the problem if you stood on the other side of the fence? 
C)  How did the situation occur in the first place? 
D)  Does your proposed solution to the problem effectively balance the competing objectives of ethical decision-making and corporate profitability? 
A)  Have you defined the problem accurately? 
B)  How would you define the problem if you stood on the other side of the fence? 
C)  How did the situation occur in the first place? 
D)  Does your proposed solution to the problem effectively balance the competing objectives of ethical decision-making and corporate profitability?

Question 16

Recognizing that an ethical dilemma exists is usually far more difficult than resolving the dilemma once its existence is recognized.

Accepted Answer

A) True 
 B)False

Question 17

Laws that prohibit defamation, invasions of privacy, and reputation exist primarily:

Accepted Answer

A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state. 
A)  for protection of the person. 
B)  for protection of public health, safety, and morals. 
C)  for protection of property. 
D)  for protection of the state.

Question 18

Freedom from economic domination is a personal right protected under United States law.

Accepted Answer

A) True 
 B)False

Question 19

In applying the "front-page-of-the-newspaper" test to a contemplated course of conduct one should ask:

Accepted Answer

A)  Would I be found criminally liable if this winds up on the front page of the newspaper? 
B)  Would I be liable for monetary damages if this winds up on the front page of the newspaper? 
C)  Would I be willing to have my spouse, friends, and children read about this if it winds up on the front page of the newspaper? 
D)  Would I be able to explain this to the authorities if it winds up on the front page of the newspaper? 
A)  Would I be found criminally liable if this winds up on the front page of the newspaper? 
B)  Would I be liable for monetary damages if this winds up on the front page of the newspaper? 
C)  Would I be willing to have my spouse, friends, and children read about this if it winds up on the front page of the newspaper? 
D)  Would I be able to explain this to the authorities if it winds up on the front page of the newspaper?

Question 20

Civil disobedience is the remedy natural law proponents use to change positive law.

Accepted Answer

A) True 
 B)False

Exam 3: Business Ethics, Social Forces, and the Law

The Front-Page-of-the-Newspaper Test helps managers view ethical decisions in terms of public disclosure of the proposed conduct.

Moral relativists believe that ethical decisions will differ based on circumstances.

There is no evidence that commitment to ethical values is linked with financial performance of business organizations.

The final question of the Blanchard-Peale "Three Part Test", has to do with conscience.

The passage of federal securities disclosure laws occurred largely as the result of:

Ethics is a philosophical concept that deals with values related to the nature of human conduct.

Kant's theory understood that sometimes you have to use someone to achieve a one-sided benefit.

Laws that prohibit theft, operation of a factory in areas zoned residential, and copyright infringement exist primarily:

Voluntary improvements in value choices and business ethics are:

The field of business ethics recognizes that social values typically must yield to the profitability motive.

Trust is a fundamental basis of the capitalist system that is central to the expectations of investors, customers, and other firm stakeholders.

An accumulation of complaints from employees, customers, or investors can lead to imposition of restrictive new regulations and laws.

To Immanuel Kant, an action is ethical if it is fair and done for the right reasons.

"Primum non nocere" is Latin for:

Which of the following is not a question business ethicist Laura Nash has developed to help businesspeople reach the right decision in ethical dilemmas?

Recognizing that an ethical dilemma exists is usually far more difficult than resolving the dilemma once its existence is recognized.

Laws that prohibit defamation, invasions of privacy, and reputation exist primarily:

Freedom from economic domination is a personal right protected under United States law.

In applying the "front-page-of-the-newspaper" test to a contemplated course of conduct one should ask:

Civil disobedience is the remedy natural law proponents use to change positive law.

The Nature and Sources of Law

The Court System and Dispute Resolution

The Constitution As the Foundation of the Legal Environment

Government Regulation of Competition and Prices

Administrative Agencies

Crimes

Torts

Intellectual Property Rights and the Internet

The Legal Environment of International Trade

Nature and Classes of Contracts: Contracting on the Internet

Formation of Contracts: Offer and Acceptance

Capacity and Genuine Assent

Consideration

Legality and Public Policy

Writing, Electronic Forms, and Interpretation of Contracts

Third Persons and Contracts

Discharge of Contracts

Breach of Contract and Remedies

Personal Property and Bailments

Legal Aspects of Supply Chain Management

Nature and Form of Sales

Title and Risk of Loss

Product Liability: Warranties and Torts

Obligations and Performance

Remedies for Breach of Sales Contracts

Kinds of Negotiable Instruments and Negotiability

Transfers of Negotiable Instruments and Warranties of Parties

Liability of the Parties Under Negotiable Instruments

Checks and Funds Transfers

Nature of the Debtor Creditor Relationship

Consumer Protection

Secured Transactions in Personal Property

Bankruptcy

Insurance

Agency

Third Persons in Agency

Regulation of Employment

Equal Employment Opportunity Law

Types of Business Organizations

Partnerships

LPs, LLCs, and LLPs

Corporate Formation

Shareholder Rights in Corporations

Securities Regulation

Accountants Liability and Malpractice

Management of Corporations

Real Property

Environmental Law and Land Use Controls

Leases

Decedents Estates and Trusts

Filters