Business Ethics and Law Practice Questions
Course Introduction
Business Ethics and Law explores the principles and frameworks that guide ethical decision-making and legal compliance in the business environment. This course examines the interplay between ethical values, corporate responsibility, and the legal systems that regulate business activities, both domestically and internationally. Students will study real-world case studies, analyze ethical dilemmas faced by organizations, and learn about key topics such as stakeholder management, corporate governance, consumer protection, contracts, employment law, and intellectual property. Through discussions, assignments, and practical applications, the course aims to equip students with the skills and knowledge necessary to navigate complex moral and legal challenges in the business world.
Recommended Textbook
The Legal Environment Today 7th Edition by Roger LeRoy Miller
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Chapter 1: Business and Its Legal Environment
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Sample Questions
Q1) As a judge,Potter applies common law rules.These rules develop from
A)administrative regulations.
B)court decisions.
C)federal and state statutes.
D)proposed uniform laws.
Answer: B
Q2) Network Corporation files a suit against Omega,Inc.,alleging that Omega breached a contract to sell Network a computer system.Network is
A)the appellant.
B)the appellee.
C)the defendant.
D)the plaintiff.
Answer: D
Q3) Administrative agencies are established to perform specific functions.
A)True
B)False
Answer: True
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Chapter 1: A: Online Developments:
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Sample Questions
Q1) Einz,A.G.,a German firm,and Fuego,S.A.,a Honduran firm,litigate a dispute under their contract,which results in a court judgment.The enforcement of a judgment in a foreign court normally depends
A)bilateral agreements and the principle of comity.
B)choice-of-law and forum selection clauses in the parties' contract.
C)the act of state doctrine and the doctrine of sovereign immunity.
D)arbitration and litigation clauses in the parties' contract.
Answer: A
Q2) Delfino,an executive with Cartwright Corporation,orders corporate employees to unknowingly transfer corporate funds to Delfino's personal account.This use of the employees' services is most likely
A)honest-services fraud,a federal crime.
B)a violation of corporate rules but no crime.
C)a breach of workplace rules generally but no civil or criminal wrong.
D)unethical but no crime.
Answer: A
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4
Chapter 2: Ethics and Business Decision Making
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Sample Questions
Q1) Bilt-Well Construction Corporation makes a side payment to a government official in Nigeria to obtain a contract.In the United States,this is
A)illegal and unethical.
B)illegal but not unethical.
C)unethical but not illegal.
D)legal and ethical.
Answer: A
Q2) If an action is ethical from an outcome-based perspective,it is always ethical from a duty-based perspective.
A)True
B)False
Answer: False
Q3) Business ethics applies only to the owners,operators,and employees of corporations. A)True
B)False
Answer: False
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Chapter 3: Courts and Alternative Dispute Resolution
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Sample Questions
Q1) The United States Supreme Court can review a decision by a state's highest court only if a question of federal law is involved.
A)True
B)False
Q2) Voir dire is a process for presenting evidence in a case.
A)True
B)False
Q3) To prepare for a trial between Large Lots Development Corporation (LLDC)and MiniMansion Construction Company (MMCC),MMCC's attorney places LLDC's president under oath.A court reporter makes a record of the attorney's questions and the officer's answers.This is
A)a cross-examination.
B)a deposition.
C)an imposition.
D)an interrogatory.
Q4) Interrogatories are written questions for which written answers are prepared and signed under oath.
A)True
B)False
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Chapter 4: Constitutional Authority to Regulate Business
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Sample Questions
Q1) The Bill of Rights protects individuals against types of interference by the states.
A)True
B)False
Q2) Cordial Drinks,Inc.,markets alcoholic beverages.A federal regulation bans the disclosure of the alcohol content of liquor on Cordial's labels and those of other marketers.A court would likely hold this regulation to be
A)an unconstitutional restriction of speech.
B)constitutional under the First Amendment.
C)justified by the need to protect individual rights.
D)necessary to protect national interests.
Q3) A Minnesota state statute restricts certain kinds of advertising to protect consumers from being misled.A court would likely hold this statute to be
A)an unconstitutional restriction of speech.
B)constitutional under the First Amendment.
C)justified by the need to protect individual rights.
D)necessary to protect national interests.
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Chapter 5: Torts,cyber Torts,and Strict Liabiity
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Q1) Dom,an EZ Baked Goods salesperson,follows Flora,a salesperson for Goody Pastries,Inc.,as she attempts to make sales to food stores.Dom solicits each of Flora's customers.Dom is most likely liable for wrongful interference with A)a bargaining relationship.
B)a business relationship.
C)a contractual relationship.
D)a customer relationship.
Q2) Disparagement of property is another term for slander of quality.
A)True
B)False
Q3) Drake pushes Evon into the path of an oncoming car driven by Flip.Gina tries to rescue Evon.Drake is liable for any injuries to
A)Evon and Flip but not Gina.
B)Evon and Gina but not Flip.
C)Evon,Flip,and Gina.
D)none of the parties.
Q4) Under a dram shop act,liability can be imposed without proof of negligence.
A)True
B)False
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Chapter 6: Criminal Law and Cyber Crime
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Sample Questions
Q1) A crime can be committed only against persons.
A)True
B)False
Q2) Domino causes a disturbance at El Nino Cafe.He is arrested and charged with disorderly conduct,a misdemeanor.A misdemeanor is a crime punishable by A)a fine only.
B)imprisonment up to one year.
C)imprisonment up to six months.
D)imprisonment up to ten days.
Q3) Vladimir is a "payday" lender charged with filing false claims in bankruptcy proceedings against his customer-debtors.The standard of proof to find a defendant who has been charged with a crime guilty is
A)a preponderance of the evidence.
B)beyond all doubt.
C)beyond a reasonable doubt.
D)clear and convincing evidence.
Q4) A bribe must consist of money to be a crime.
A)True
B)False
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Chapter 7: International Law in a Global Economy
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Sample Questions
Q1) A foreign citizen can bring a civil suit in a U.S.court for a violation of a treaty of the United States.
A)True
B)False
Q2) The United States is a member of the World Trade Organization,which,among its members,
A)does not affect trade barriers.
B)maximizes trade barriers.
C)minimizes trade barriers.
D)outlaws trade barriers.
Q3) Capital Diversified Corporation (CDC)owns assets in Dagistan,a new country in Asia.The government of Dagistan wants to nationalize all assets owned by foreign firms and investors.What can CDC do Can it at least obtain payment for the assets
Q4) A party to a licensing agreement generally agrees to pay royalties on some basis.
A)True B)False
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Page 10
Chapter 8: Intellectual Property and Internet Law
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Sample Questions
Q1) A list of customers cannot be a trade secret.
A)True
B)False
Q2) Li'l Canine Company (LCC)uses a trademark that neither LCC nor anyone else has registered with the government.Under federal trademark law,LCC
A)can register the mark for protection.
B)cannot register a mark that has been used in commerce.
C)has committed trademark infringement.
D)must put off registration until the mark is out of use for six months.
Q3) A certification mark distinguishes products approved,or "certified," by the government.
A)True
B)False
Q4) Paula develops a new espresso machine,which she names "Quik Shot." She also writes the operating manual.Paula can obtain trademark protection for A)the espresso machine.
B)the "newness" of the espresso machine.
C)the name.
D)the operating manual.
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Chapter 8: A: Online Developments:
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Sample Questions
Q1) GPS Devices Inc.sponsors a "Finders Keepers!" contest in which Erwin and other entrants agree to race to certain locales to win small prizes and collect clues that lead to the "Grand Lost Treasure," which the first finder will be awarded.GPS reserves the right to cancel the contest or change its terms at any time.If Erwin challenges this reservation in court,the court will most likely hold that GPS can
A)cancel the contest or alter its terms at any time.
B)not modify the terms of the contest after it begins.
C)reduce the amount of the small prizes but not the grand prize.
D)reduce the amount of the grand prize but not the small prizes.
Q2) Sylvia creates a profile for Today's Date,Inc.,an online dating service.She exaggerates her appealing features and posts a photo of her friend Uva,whom Sylvia thinks is prettier.Enticed by the profile,Van contacts Sylvia.Disappointed,Van files a suit against Today's Date,claiming fraud.The service is most likely
A)immune from liability under the Communications Decency Act.
B)liable for fraud.
C)liable on the ground of embarrassment.
D)liable on the ground of mistake.
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Page 12
Chapter 9: Formation in Traditional and E-Contracts
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Sample Questions
Q1) An implied contract is implied from the conduct of the parties.
A)True
B)False
Q2) The intention to enter into a contract is judged by objective facts as interpreted by a reasonable person.
A)True
B)False
Q3) Myra owns a house,which she advertises for sale for $200,000.On May 1,Nicole offers Myra $180,000 for the house.On May 5,Myra delivers to Nicole a form that includes additional terms but does not state a price.At 9
a.m.on May 6,Nicole signs the form and gives it to Odell,her administrative assistant,with instructions to mail it.At 10
a.m.,Myra calls to tell Nicole that the deal is off.The next day,Odell mails the signed form to Myra.When Myra refuses to sell the house,Nicole files a suit against her,alleging breach of contract.Myra claims that there was no contract.What are arguments supporting each party's position? What is the court likely to rule? Explain.
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Page 13
Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) Juana contracts to sell Ignacio her MP3 player for $30.This contract will be fully discharged when Juana and Ignacio
A)agree to sign a bill of sale.
B)exchange the player for the $30.
C)sign a receipt.
D)shake hands and go their separate ways.
Q2) Consequential damages are awarded for damage caused by special circumstances beyond a contract.
A)True
B)False
Q3) Anything less than complete performance is a material breach of contract.
A)True
B)False
Q4) Lester and Myrtle want to rescind their contract under which Lester sold an MP3 player for $40.To rescind the contract
A)Lester must return the $40 and Myrtle must return the player.
B)Lester must return the $40 only.
C)Myrtle must return the player only.
D)the parties can keep the "benefits" of their bargain.
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Chapter 11: Sales,leases,and Product Liability
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Sample Questions
Q1) Oven Products Company makes microwave ovens.Pico discovers that his Oven Products oven is defective and sues the maker for product liability based on strict liability.To win,Pico must show that
A)Oven Products sold the oven to Pico.
B)Pico knew and appreciated the risk caused by the defect.
C)Pico suffered an injury caused by the defect.
D)the "defect" was a commonly known danger.
Q2) An action in strict product liability requires that the product not be in a defective condition when the defendant sells it.
A)True
B)False
Q3) To support the imposition of strict product liability,a product must be mishandled between the time it is sold and the time an injury occurs.
A)True
B)False
Q4) All oral contracts are enforceable under the UCC.
A)True
B)False
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15
Chapter 12: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) Refer to Fact Pattern 12-1.The reason for the result in the previous question is that
A)Rico signed a "GUARANTY."
B)Tower Office Suites owns the property and can re-rent the premises.
C)the other tenants can equitably absorb a slight increase in rent.
D)Start-Up will likely move out when it stops paying the rent.
Q2) Brie is a student at Collegiate University.In need of funds to pay for tuition and books,Brie asks Dependable Bank for a short-term loan.The bank agrees to make a loan if Brie will have someone who is financially responsible guarantee the loan payments.Esperanza,a well-known businessperson and a friend of Brie's family,calls the bank and agrees to pay the loan if Brie cannot.Because of Esperanza's reputation,the loan is made.Brie is making the payments,but because of illness she is unable to work for one month.She asks Dependable extend the loan for three months.The bank agrees,raising the interest rate for the extended period.Esperanza is not notified of the extension (and thus does not consent to it).One month later,Brie drops out of school.All attempts to collect the remainder of the loan from Brie fail.Can Dependable assert a claim against Esperanza on the debt
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16
Chapter 13: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) Main Street Lenders,Inc.,attempts to coerce Nolan-who specializes in determining the value of real and personal property-into misstating the value of a property on which a loan is to be issued.This is
A)a legal and ethical-but morally arguable-financial ploy.
B)a legal-but unethical-business practice.
C)a necessary tactic to generate a profitable loan in today's market.
D)a violation of the law.
Q2) Reed borrows $150,000 from Suburban Credit Union to buy a home,which secures the loan.Three years later,Reed stops making payments on the loan.After Suburban Credit repossesses and auctions off the property to Tyler,equity remains.This amount most likely belongs to
A)Reed.
B)Suburban Credit Union.
C)Tyler.
D)the county in which the property is located.
Q3) With an interest-only mortgage,the borrower can choose to pay only the interest portion of the monthly payment for a specified period of time.
A)True
B)False
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Page 17
Chapter 14: Small Business Organizations
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Sample Questions
Q1) Location! Realty LLC is a limited liability company (LLC).Like other LLCs,for federal jurisdictional purposes,Location! Realty is most likely a citizen of A)all states.
B)every state in which its members are citizens.
C)no state.
D)only the state in which it was formed.
Q2) When a member dissociates from a limited liability company,the member's duty of loyalty continues.
A)True
B)False
Q3) Corbin,a partner in Doctors Medical Clinic,applies for a loan with Evermore Bank allegedly on Doctors' behalf but without the authorization of the other partners.Evermore knows that Corbin is not authorized to take out the loan.Corbin defaults on the loan.Liability for its unpaid amount is imposed on
A)Corbin and Doctors,jointly.
B)Corbin only.
C)Doctors only.
D)Evermore only.
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Page 18
Chapter 14: A: Landmark in the Legal Environment:
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Sample Questions
Q1) Gass Propane Company hires Hick,an independent contractor,to make deliveries.During a delivery,Iggy is killed in an accident caused by Hick's negligence.Iggy's widow Jade files a suit against Gass,asserting that the employer is liable.Gass argues that it had no control over the manner in which Hick did his work.The court is most likely to hold that Gass is
A)liable because Gass employed Hick.
B)liable because Gass should have investigated Hick's qualifications.
C)not liable because Gass did not control Hick's work.
D)not liable because the delivery vehicle was probably faulty.
Q2) Belle is an employee of Capital Corporation,a U.S.firm.Dana is an employee of Esta,Ltd.,a European firm.The problem of sexual harassment in the workplace is
A)confined to Europe alone.
B)confined to Europe and the United States.
C)confined to the United States alone.
D)worldwide.
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Chapter 15: Corporations
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Q1) Zero Sum Games Corporation has forty-three shareholders.The minimum number that must be present at a meeting for a shareholders' vote is
A)all of the shareholders.
B)a quorum.
C)a proxy.
D)three of the shareholders.
Q2) Wild & Scenic River Tours,Inc.,is a corporation.Wild & Scenic has the implied power to A)issue stocks and bonds.
B)execute contracts and negotiable instruments.
C)buy and sell (or lease)property.
D)perform all acts reasonably appropriate and necessary to accom?plish its corporate purposes.
Q3) Rocco is a director of Spa Lids & Tubs,Inc.Under the standard of due care owed by directors of a corporation,Rocco's decisions must be
A)unwavering and unquestionable.
B)arguable and defensible.
C)informed and reasonable.
D)perfect and unassailable.
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Page 20
Chapter 16: Agency
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Sample Questions
Q1) A power of attorney is a written document.
A)True
B)False
Q2) An agent is authorized to act on behalf of a principal in doing business with third parties.
A)True
B)False
Q3) Building subcontractors are not independent contractors.
A)True
B)False
Q4) Miklos grants an ordinary power of attorney to Nathalie to handle a list of financial transactions on Miklos's behalf.This power will terminate on A)any transaction causing a loss to Miklos.
B)Miklos's death or incapacity.
C)Miklos's sixty-fifth birthday.
D)Nathalie's handling of one of each stipulated transaction.
Q5) A principal owes an agent a duty of ratification.
A)True
B)False
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Chapter 17: Employment,immigration,and Labor Law
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Sample Questions
Q1) Requiring union membership as a condition of continued employment is legal.
A)True
B)False
Q2) Healthy Harvest Company runs a candy and fruit processing and packaging plant.Most of Healthy Harvest's business is done during holiday seasons,especially between Halloween and New Year's Day,and in the spring.The company hires a large temporary workforce during its busiest times.Occasionally,a position opens for an individual with highly specialized skills,particularly to operate and maintain the company's inventory and sales control systems.Can Healthy Harvest hire noncitizens for its temporary,seasonal work Can the company hire a noncitizen with special skills for certain jobs If so,what procedures must the employer follow in both situations to do this hiring If not,how can Healthy Harvest be assured that it is hiring only citizens
Q3) An employer can require an employee to take a lie-detector test when investigating losses attributable to theft.
A)True
B)False
Q4) An employer may not hire substitute workers to replace strikers.
A)True
B)False
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Chapter 18: Employment Discrimination
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Q1) Cody believes that Delta Corporation has discriminated against him on the basis of gender.Cody files a suit against Delta under Title VII.To establish a prima facie case of employment discrimination,Cody must show that
A)Cody is a member of a protected class.
B)Delta has no legal defenses against the claim.
C)discriminatory intent motivated Delta's act.
D)other firms in Delta's industry have committed discriminatory acts.
Q2) Under the Americans with Disabilities Act of 1990,a person with a physical impairment that "substantially limits" everyday activities is disabled.
A)True
B)False
Q3) A good business reason for a practice that has a discriminatory effect may permit an employer to avoid liability for discrimination.
A)True
B)False
Q4) Race can be a bona fide occupational qualification.
A)True
B)False
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Chapter 19: Powers and Functions of Administrative Agencies
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Q1) Federal executive agencies are outside the federal executive departments.
A)True
B)False
Q2) The U.S.Citizenship and Immigration Service issues a rule.Like the rules of other federal administrative agencies,this rule is compiled in
A)the Administrative Register of the Federal Government.
B)the Code of Federal Regulations.
C)the Federal Rules of Civil Procedure.
D)the United States Code.
Q3) All federal government agencies must make their records available electronically on the Internet.
A)True
B)False
Q4) If the meaning of a statute's language is unclear and an agency interprets it,a court must overturn the interpretation.
A)True
B)False
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Chapter 20: Consumer Protection
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Q1) To generate sales,Yakkity-Yak,Inc.,uses phone solicitation.Under federal law and Federal Trade Commission regulations,in soliciting business,Yakkity-Yak's telemarketers must
A)disclose all material facts related to a sale.
B)identify the seller's name (only if asked).
C)refrain from calling consumers who have not requested a call.
D)speak clearly and conspicuously.
Q2) A consumer who receives unsolicited merchandise must return it within three business days.
A)True
B)False
Q3) Tory borrows $10,000 from USA National Bank to remodel a room in her home.This transaction is subject to A)no federal law.
B)the Consumer Leasing Act.
C)the Consumer Product Safety Act.
D)the Truth-in-Lending Act.
Q4) Ads cannot be unfair.
A)True
B)False
25
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Chapter 21: Protecting the Environment
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Q1) The Environmental Protection Agency sets minimum levels for pollutants in public water systems.
A)True
B)False
Q2) Odiferous Waste Company is a subsidiary of Precarious Investments,Inc.Odiferous operates a hazardous waste disposal site.QuikChem Corporation is one of many parties who generate waste disposed of at the site.Odiferous borrows money from Regal Bank,which takes over the site when Odiferous goes bankrupt.The Environmental Protection Agency discovers a leak at the site.Can any of these private parties be forced to pay for the clean up If so,who
Q3) Arcata,California,passes an ordinance to regulate waste disposal.The disposal of waste may also be regulated by A)all other levels of government.
B)no other levels of government.
C)the federal government only .
D)the California state government only.
Q4) State laws may not regulate a business' s disposal of toxic wastes.
A)True
B)False
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Chapter 22: Real Property and Land-Use Control
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Q1) Chita owns the land on which Downwind Farm is situated,plus the farmhouse,barn,and other structures permanently attached to the land.Chita's brother Elvin owns everything else on the farm-implements,seed,and so on.The real property is owned by
A)Chita and Elvin.
B)Chita only.
C)Downwind Farm.
D)Elvin only.
Q2) Under the covenant of quiet enjoyment,a landlord promises that a tenant will not be disturbed in the possession of the premises.
A)True
B)False
Q3) Utility Power Company has the right to run its power lines across Velma's land.This is A)a license.
B)an easement.
C)a profit.
D)a tenancy at sufferance.
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Chapter 23: Antitrust Law and Promoting Competition
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Q1) Fresh Vegetables,Inc.,a wholesaler,refuses to sell its produce to Good Mart Stores,Inc.,a retailer.Under the Sherman Act,this is
A)"an unfair or deceptive act or practice."
B)a per se violation.
C)not a violation.
D)subject to analysis under the rule of reason.
Q2) A firm can have monopoly power without violating antitrust law.
A)True
B)False
Q3) An act must have a substantial impact on interstate commerce to violate antitrust law.
A)True
B)False
Q4) Seaside Cannery,Inc.,is one of many producers of canned seafood.Seaside refuses to sell its products to Port Harbor Restaurant Corporation.This refusal is most likely
A)an anticompetitive practice in violation of the Clayton Act.
B)a per se violation of the Sherman Act.
C)a violation of the Sherman Act under the rule of reason.
D)not a violation of antitrust law.
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Chapter 24: Investor Protection and Corporate Governance
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Q1) Before filing a registration statement,an issuer must attempt to sell,or at least offer to sell,the securities.
A)True
B)False
Q2) "Blue sky laws" are state securities laws.
A)True
B)False
Q3) Sales of securities must occur within twenty days of registration.
A)True
B)False
Q4) SEC Rule 10b-5 applies in relatively few cases involving the trading of securities.
A)True
B)False
Q5) Most securities can be resold without registration.
A)True
B)False
Q6) Private parties cannot sue violators of Section 10(b)and Rule 10b-5.
A)True
B)False
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