Question 1

Corporate ethical policies must be clearly communicated to be effective.

Accepted Answer

A) True 
 B)False  True

Question 2

A business organization and its actions cannot be based on trust.

Accepted Answer

A) True 
 B)False  False

Question 3

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale has

Accepted Answer

A) a legal duty beyond those duties mandated by ethics. 
B) an ethical duty beyond those duties mandated by law. 
C) any duty beyond those mandated by both ethics and the law. 
D) any duty when it is uncertain whether a legal duty exists. 
A) a legal duty beyond those duties mandated by ethics. 
B) an ethical duty beyond those duties mandated by law. 
C) any duty beyond those mandated by both ethics and the law. 
D) any duty when it is uncertain whether a legal duty exists. B

Question 4

An ethics program can clarify what a company considers to be unacceptable conduct.

Accepted Answer

A) True 
 B)False

Question 5

Global Distribution Corporation suggests that its employees apply the "categorical imperative" to ethical issues that arise at work.This requires that the employees

Accepted Answer

A) categorize the issues according to legality,morality,and profitability. 
B) consider only the benefits that would accrue to them personally. 
C) look only at the result,regardless of the means to attain it. 
D) weigh the consequences that would follow if everyone acted the same. 
A) categorize the issues according to legality,morality,and profitability. 
B) consider only the benefits that would accrue to them personally. 
C) look only at the result,regardless of the means to attain it. 
D) weigh the consequences that would follow if everyone acted the same.

Question 6

The minimal acceptable standard for ethical behavior is compliance with the law.

Accepted Answer

A) True 
 B)False

Question 7

Business ethics focuses on ethical behavior in the business world.

Accepted Answer

A) True 
 B)False

Question 8

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Accepted Answer

A) True 
 B)False

Question 9

Business ethics applies only to the owners,operators,and employees of corporations.

Accepted Answer

A) True 
 B)False

Question 10

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Accepted Answer

A) a different set of principles from those that apply to other activities. 
B) the same moral principles that apply to non-business activities. 
C) those principles that produce the most favorable financial outcome. 
D) whatever saves New Trends's "face." 
A) a different set of principles from those that apply to other activities. 
B) the same moral principles that apply to non-business activities. 
C) those principles that produce the most favorable financial outcome. 
D) whatever saves New Trends's "face."

Question 11

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Accepted Answer

A) agrees to produce goods at Retail Mart's desired price. 
B) goes unnoticed by "corporate watch" groups. 
C) exploits its workers. 
D) pays its workers less than the U.S.minimum wage. 
A) agrees to produce goods at Retail Mart's desired price. 
B) goes unnoticed by "corporate watch" groups. 
C) exploits its workers. 
D) pays its workers less than the U.S.minimum wage.

Question 12

To assist in detecting illegal bribes,Cut Rite Contractors,Inc. ,and all U.S.companies,must

Accepted Answer

A) conceal financial records that reveal past bribes. 
B) keep records that "accurately and fairly" reflect financial activities. 
C) make bribes through third parties rather than directly to officials. 
D) permit payments to foreign officials that are unlawful in that country. 
A) conceal financial records that reveal past bribes. 
B) keep records that "accurately and fairly" reflect financial activities. 
C) make bribes through third parties rather than directly to officials. 
D) permit payments to foreign officials that are unlawful in that country.

Question 13

DeLouse Plastics Corporation pays its executives an excessive amount relative to other employees and to what executives at competitive companies are paid.This is most likely to be challenged as

Accepted Answer

A) illegal and unethical. 
B) illegal only. 
C) neither illegal nor unethical. 
D) unethical only. 
A) illegal and unethical. 
B) illegal only. 
C) neither illegal nor unethical. 
D) unethical only.

Question 14

Housemate,Inc. ,makes and sells a variety of household products.With a fair amount of certainty,Housemate's decision makers can predict whether a given business action would be legal in

Accepted Answer

A) all situations. 
B) many situations. 
C) no situations. 
D) practically no situations. 
A) all situations. 
B) many situations. 
C) no situations. 
D) practically no situations.

Question 15

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc. ,applies his belief that all persons have fundamental rights.This is

Accepted Answer

A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism. 
A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism.

Question 16

An action may be legal but not ethical.

Accepted Answer

A) True 
 B)False

Question 17

In making decisions for United Merchandising Company,Vance uses a cost-benefit analysis.This is part of

Accepted Answer

A) duty-based ethics. 
B) Kantian ethics. 
C) the principle of rights. 
D) utilitarianism. 
A) duty-based ethics. 
B) Kantian ethics. 
C) the principle of rights. 
D) utilitarianism.

Question 18

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Question 19

Lyle,vice-president of sales for Mi-T Electric,Inc. ,adheres to Judeo-Christian religious ethical standards.With respect to their application,these standards are

Accepted Answer

A) absolute. 
B) analytical. 
C) discretionary. 
D) utilitarian. 
A) absolute. 
B) analytical. 
C) discretionary. 
D) utilitarian.

Question 20

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.

Accepted Answer

A) True 
 B)False

Exam 3: Ethics and Business Decision Making

Corporate ethical policies must be clearly communicated to be effective.

A business organization and its actions cannot be based on trust.

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale has

An ethics program can clarify what a company considers to be unacceptable conduct.

Global Distribution Corporation suggests that its employees apply the "categorical imperative" to ethical issues that arise at work.This requires that the employees

The minimal acceptable standard for ethical behavior is compliance with the law.

Business ethics focuses on ethical behavior in the business world.

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Business ethics applies only to the owners,operators,and employees of corporations.

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

To assist in detecting illegal bribes,Cut Rite Contractors,Inc. ,and all U.S.companies,must

DeLouse Plastics Corporation pays its executives an excessive amount relative to other employees and to what executives at competitive companies are paid.This is most likely to be challenged as

Housemate,Inc. ,makes and sells a variety of household products.With a fair amount of certainty,Housemate's decision makers can predict whether a given business action would be legal in

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc. ,applies his belief that all persons have fundamental rights.This is

An action may be legal but not ethical.

In making decisions for United Merchandising Company,Vance uses a cost-benefit analysis.This is part of

The legality of an action is always clear.

Lyle,vice-president of sales for Mi-T Electric,Inc. ,adheres to Judeo-Christian religious ethical standards.With respect to their application,these standards are

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.

The Legal and Constitutional Environment of Business

Traditional and Online Dispute Resolution

Torts and Cyber Torts

Intellectual Property and Internet Law

Criminal Law and Cyber Crime

Nature and Classification

Agreement in Traditional and E-Contracts

Consideration,capacity,and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

The Formation of Sales and Lease Contracts

Performance Breach of Sales Lease Contracts

Warranties and Product Liability

Negotiability,transferability,and Liability

Checks and Banking in the Digital Age

Security Interests in Personal Property

Creditors Rights and Bankruptcy

Mortgages Foreclosures After the Recession

Agency Relationships

Management Perspective: Independent-Contractor Negligence

Employment, immigration, and Labor Law

Sole Proprietorships, partnerships, Limited Liability Co

Corporate Formation, financing, and Termination

Corporate Directors, officers, Shareholders

Investor Protection, insider Trading, Corp Gov

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants Other Professionals

International Law in a Global Economy

Adapting the Law to the Online Environment: The Supreme Court Upholds a Law That Prohibits Pandering Virtual Child Pornography

Adapting the Law to the Online Environment: Should the Law Continue to Allow Business Process Patents

Management Perspective: E-Mailed Credit-Card Receipts

Case Study With Dissenting Opinion: Prestridge V Bank of Jena

Adapting the Law to the Online Environment: The Thorny Issue of Taxing Internet Sales

Adapting the Law to the Online Environment: The Debt That Never Goes Awayits Discharged in Bankruptcy but Still on the Debtors Credit Report

Adapting the Law to the Online Environment: Economic Recession Fuels the Amazon Tax Debate

Case Study With Dissenting Opinion: Kovarik V Kovarik

Unit Case Study With Dissenting Opinion: Dole Food Co V Patrickson

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