Question 1

Ethics is as well defined as the law.

Accepted Answer

A) True 
 B)False  False

Question 2

It is always clear what is ethical in a given situation.

Accepted Answer

A) True 
 B)False  False

Question 3

Under the principle of rights theory, one person's principles are as "right" as another's.

Accepted Answer

A) True 
 B)False  False

Question 4

Unless a corporation violates a law, its actions do not raise questions about the role of corporations and the effect of corporate ethics on profit.

Accepted Answer

A) True 
 B)False

Question 5

The concept of corporate social responsibility is imposed on corporations by law.

Accepted Answer

A) True 
 B)False

Question 6

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to

Accepted Answer

A)  demonstrate a commitment to ethical decision making. 
B)  discreetly engage in unethical or illegal acts. 
C)  look the other way when an employee engages in an unethical act. 
D)  direct employees to "do as we say, not as we do." 
A)  demonstrate a commitment to ethical decision making. 
B)  discreetly engage in unethical or illegal acts. 
C)  look the other way when an employee engages in an unethical act. 
D)  direct employees to "do as we say, not as we do."

Question 7

Ryland, an officer for Sports Park, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

Accepted Answer

A)  achieve the greatest good for the most people. 
B)  avoid unethical behavior regardless of the consequences. 
C)  conform to society's ethical standards. 
D)  place his or her employer's interest first. 
A)  achieve the greatest good for the most people. 
B)  avoid unethical behavior regardless of the consequences. 
C)  conform to society's ethical standards. 
D)  place his or her employer's interest first.

Question 8

Compared to business ethics, employee ethics is not an important issue.

Accepted Answer

A) True 
 B)False

Question 9

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally cor?rect when it produces the greatest good for

Accepted Answer

A)  Ross. 
B)  Stock & Bond Investments. 
C)  the fewest people. 
D)  the most people. 
A)  Ross. 
B)  Stock & Bond Investments. 
C)  the fewest people. 
D)  the most people.

Question 10

Desdemona works for eInnovation, Inc. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics has to do with how businesspersons, in making their decisions, apply

Accepted Answer

A)  legal doctrine. 
B)  moral and ethical principles. 
C)  corporate guidelines. 
D)  financial priorities. 
A)  legal doctrine. 
B)  moral and ethical principles. 
C)  corporate guidelines. 
D)  financial priorities.

Question 11

Situations in which employers face ethical issues with respect to social media platforms include

Accepted Answer

A)  conducting an Internet search to discover what a job candidate has posted. 
B)  judging a job candidate based on what he or she does outside the work environment. 
C)  rejecting a job candidate if he or she does not participate in any social media. 
D)  all of the choices. 
A)  conducting an Internet search to discover what a job candidate has posted. 
B)  judging a job candidate based on what he or she does outside the work environment. 
C)  rejecting a job candidate if he or she does not participate in any social media. 
D)  all of the choices.

Question 12

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes

Accepted Answer

A)  right or wrong behavior. 
B)  financially rewarding behavior. 
C)  legal behavior. 
D)  religious behavior. 
A)  right or wrong behavior. 
B)  financially rewarding behavior. 
C)  legal behavior. 
D)  religious behavior.

Question 13

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

Accepted Answer

A)  can do so anonymously. 
B)  is financially compensated if he or she is fired as a result of a report. 
C)  must fully identify themselves when making a report. 
D)  must have additional employee support to make a report. 
A)  can do so anonymously. 
B)  is financially compensated if he or she is fired as a result of a report. 
C)  must fully identify themselves when making a report. 
D)  must have additional employee support to make a report.

Question 14

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision

Accepted Answer

A)  compares to religious principles. 
B)  affects the rights of others. 
C)  effects consequences that would follow if everyone in society acted the same way. 
D)  supports the right to make a profit. 
A)  compares to religious principles. 
B)  affects the rights of others. 
C)  effects consequences that would follow if everyone in society acted the same way. 
D)  supports the right to make a profit.

Question 15

An action may be legal but not ethical.

Accepted Answer

A) True 
 B)False

Question 16

According to utilitarianism, it does not matter how many people suffer a negative effect from an act.

Accepted Answer

A) True 
 B)False

Question 17

Lowell runs Medical Debt Collection Agency. He collects debts by misrepresenting the facts and pretending to be licensed to perform various occupations. Lowell's conduct most likely warrants

Accepted Answer

A)  an admonition for unethical behavior but no other sanctions. 
B)  an injunction plus other sanctions. 
C)  no sanctions but no praise. 
D)  praise for the aggressive approach to collecting debts. 
A)  an admonition for unethical behavior but no other sanctions. 
B)  an injunction plus other sanctions. 
C)  no sanctions but no praise. 
D)  praise for the aggressive approach to collecting debts.

Question 18

An overemphasis on long-run profit maximization is the most common reason that ethical problems occur in business.

Accepted Answer

A) True 
 B)False

Question 19

Brewster, the chief executive officer of Cog & Gear Lubricants Corporation, wants to en?sure that Cog & Gear's activities are legal and ethical. The best course for Brewster and Cog & Gear is to act

Accepted Answer

A)  in good faith. 
B)  out of ignorance of the law. 
C)  with regard for the firm's shareholders only. 
D)  in their own self-interest. 
A)  in good faith. 
B)  out of ignorance of the law. 
C)  with regard for the firm's shareholders only. 
D)  in their own self-interest.

Question 20

Company codes are not law.

Accepted Answer

A) True 
 B)False

Exam 5: Business Ethics

Ethics is as well defined as the law.

It is always clear what is ethical in a given situation.

Under the principle of rights theory, one person's principles are as "right" as another's.

Unless a corporation violates a law, its actions do not raise questions about the role of corporations and the effect of corporate ethics on profit.

The concept of corporate social responsibility is imposed on corporations by law.

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to

Ryland, an officer for Sports Park, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

Compared to business ethics, employee ethics is not an important issue.

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally cor?rect when it produces the greatest good for

Desdemona works for eInnovation, Inc. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics has to do with how businesspersons, in making their decisions, apply

Situations in which employers face ethical issues with respect to social media platforms include

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision

An action may be legal but not ethical.

According to utilitarianism, it does not matter how many people suffer a negative effect from an act.

Lowell runs Medical Debt Collection Agency. He collects debts by misrepresenting the facts and pretending to be licensed to perform various occupations. Lowell's conduct most likely warrants

An overemphasis on long-run profit maximization is the most common reason that ethical problems occur in business.

Brewster, the chief executive officer of Cog & Gear Lubricants Corporation, wants to en?sure that Cog & Gear's activities are legal and ethical. The best course for Brewster and Cog & Gear is to act

Company codes are not law.

Law and Legal Reasoning

Courts and Alternative Dispute Resolution

Court Procedures

Business and the Constitution

Torts

Strict Liability and Strict Liability

Intellectual Property Rights

Internet Law, Social Media, and Privacy

Criminal Law and Cyber Crime

Nature and Terminology

Agreement in Traditional and E-Contracts

Consideration

Capacity and Legality

Mistakes, Fraud, and Voluntary Consent

The Writing Requirement and Electronic Records

Third Party Rights

Performance and Discharge in Traditional E-Contracts

Breach of Contract and Remedies

Formation of Sales and Lease Contracts

Title, Risk, and Insurable Interest

Performance Breach of Sales Lease Contracts

Warranties

International Law in a Global Economy

The Function Creation of Negotiable Instruments

Transferability and Holder in Due Course

Liability, Defenses, and Discharge

Banking in the Digital Age

Creditors Rights and Remedies

Secured Transactions

Bankruptcy Law

Agency Formation and Duties

Agency Liability and Termination

Employment, Immigration, and Labor Law

Employment Discrimination and Diversity

Sole Proprietorships and Franchises

Partnerships and Limited Liability Partnerships

Other Organizational Forms for Small Businesses

Corporate Formation and Financing

Corporate Directors, Officers, Shareholders

Mergers and Takeovers

Securities Law Corporate Governance

Administrative Agencies

Consumer Law

Environmental Law and Sustainability

Antitrust Law

Professional Liability and Accountability

Personal Property and Bailments

Real Property Landlord-Tenant Law

Insurance

Wills and Trusts

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