Exam 1: Introduction to the Business and Ethics Environment in a Diverse Society

According to which of the following ethical theories, in the event of an ethical dilemma, everyone should act as they would want someone else to act in the situation?

The executive branch of government has the president as the chief executive.

Legal positivism is based on the theory that there is a discoverable set of absolute right and wrong principles upon which our laws should be based.

Which of the following theories of jurisprudence, according to some people, is not a good way to view law because it makes law too fluid?

The executive branch of the government has the authority to:

Explain the following ethical theories, utilitarian approach and categorical imperative.

This act is a legislative response to some of the more nefarious business practices that often stemmed from less than stellar ethical decision making by businesses and that ostensibly led to the financial downturn and bailouts of 2008 and 2009. It was signed into law on July 21, 2010, by President Obama. Identify the act in the discussion.

What is a bailment? Explain with an example.

With reference to the federal government, which of the following is true regarding a system of checks and balances?

The judicial branch has the authority to:

Discuss with an example legal positivism.

According to the categorical imperative theory, in the event of an ethical dilemma, the ends justify the means and the choice is made to do what is the "greatest good" for the most people.

Discuss briefly the three branches of the federal government.

Distinguish between public law and private law.

Which of the following branches of the government has primary responsibility for enacting laws in the areas over which the Constitution designated the federal government would have authority?