Exam 2: Business, Societal, and Ethical Contexts of Law

Corporate inversion, while legal, is often criticized by many as being unethical because:

When a company is attempting to create code of ethics and effective values management structure, what are the four key characteristics?

Which of following statements is incorrect?

Bundy's Bicycle Corporation, a U.S. corporation, had a windfall year in profits and is looking for legal loopholes to avoid paying taxes on it massive profit. To avoid taxes Bundy's merges with a foreign business, simply to avoid paying for taxes in a process called

Mason, an employee at Campbell Corporation, witnesses Bayden, a fellow coworker taking bribes and gifts from clients in violation of their company's code of ethics, conflicts of interest clause. Mason does not report him as he is a very good friend of his. Which statement below is correct for an effective values management program?

When a corporation looks not only to the profits it can make, but also evaluates its decisions based upon the effect on the environmental and social value this is called

__________ theory is a moral philosophy that certain rights and moral values are timeless and universal and discoverable through human reason.

John owns Marine Brewery and hires Beth to advise him on business decision making. Beth is very aggressive and believes that society is best served when seek a competitive advantage and that ethical violations will harm the companies, always advises John in a manner that focuses on finding that competitive advantage. Beth employs which type theory of corporate social responsibility?

To deal with the often complex and time-consuming matters of ethical decision making, Kania Corporation created a separate unit staffed by lawyers and non-lawyers to help it follow rules and regulations and maintain the company's culture of values and ethics. This is known as a(n)

Social responsibility is at its highest when the moderate view, or government's hand theory, of corporate social responsibility is utilized.

Under the Moderate View of corporate social responsibility the __________ always represents the aggregate moral views of the public.

The Society of Corporate Compliance and Ethics (SCCE) is an organization that

Which state, in which the majority of corporations are incorporated, asserts that manager can consider non-shareholder interests in scenarios such as mergers as long as there is some connection to providing value to shareholders?

Ethical dilemmas faced by managers

Under the maximizing profits theory, a company strives to do no harm, as long as the company continues to be profitable.

Natural law relies on __________ to determine universal and timeless rules of moral behavior.

In a community-based nonprofit, any surplus earning that remain are distributed fairly among all the employees.

In an annual board meeting of Martin Corporation, a board member, Pat, makes the following statement, "As long as we remain profitable, we will strive to act as ethically as possible!" Pat's statement is an example of what type of ethical decision making theory?

Let's say, Habitat for Humanity, a community-based nonprofit, this year had a surplus of money in that they did not spend all of the money that had raised this year. Which statement below is correct?

In the example of MF Global case study, according the a House of Representatives report, John Corzine created an environment in the company