Business Ethics
Exam Review
Course Introduction
Business Ethics explores the moral principles and values that guide behavior within the business environment. The course examines ethical theories, decision-making frameworks, and the impact of organizational culture on ethical conduct. Students will analyze real-world case studies involving corporate responsibility, ethical leadership, stakeholder interests, and global business practices. Topics such as corporate social responsibility, ethical challenges in various industries, and strategies for fostering ethical organizational climates are discussed, equipping students with the skills to identify, evaluate, and address ethical issues in professional settings.
Recommended Textbook
Business Its Legal Ethical and Global Environment 10th Edition by Marianne M. Jennings
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21 Chapters
2597 Verified Questions
2597 Flashcards
Source URL: https://quizplus.com/study-set/3866
Page 2
Chapter 1: Introduction to Law
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108 Verified Questions
108 Flashcards
Source URL: https://quizplus.com/quiz/77056
Sample Questions
Q1) The Uniform Commercial Code and the Uniform Partnership Act are both enactments of Congress.
A)True
B)False
Answer: False
Q2) The federal statute that carries imprisonment as a penalty for trading securities on inside information is an example of a:
A) private law.
B) civil law.
C) procedural law.
D) criminal law.
E) all of the above
Answer: D
Q3) Once a court decision is issued, it cannot be reversed without legislative action.
A)True
B)False
Answer: False
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Page 3
Chapter 2: Business Ethics and Social Responsibility
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118 Verified Questions
118 Flashcards
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Sample Questions
Q1) As video games have become more advanced, some of the games have also increased in violence. While the games are rated, many of the advertisements for the games are targeted for a market who are not supposed to buy them under the rating system. Discuss the ethical issues in these marketing strategies.
Answer: Students should discuss the social responsibility issues in touting violence in games for younger children and even adults. They might also discuss parental roles, the impact on society of these games, and the ethics of the marketing of the games. Students may also want to discuss whether or not the game companies and marketing companies have and/or use ethics officers.
Q2) Compliance with the law meets all ethical standards.
A)True
B)False
Answer: False
Q3) Condoning unethical behavior is an ethical breach.
A)True
B)False
Answer: True
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Page 4
Chapter 3: The Judicial System
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121 Verified Questions
121 Flashcards
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Sample Questions
Q1) The principle of stare decisis requires that all similar cases be decided the same way.
A)True
B)False
Answer: False
Q2) Regional reporters:
A) are for the federal system.
B) include the opinions of state supreme courts.
C) include the opinions of the U.S. Supreme Court.
D) are the same as the federal reporters.
Answer: B
Q3) Regional reporters carry the opinions of state appellate and supreme court decisions.
A)True
B)False
Answer: True
Q4) An appellate court can require that a new trial be held.
A)True
B)False
Answer: True
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Chapter 4: Managing Disputes: Alternative Dispute
Resolution and Litigation Strategies
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138 Verified Questions
138 Flashcards
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Sample Questions
Q1) The results of an arbitration hearing are generally binding.
A)True
B)False
Q2) Which of the following accurately describes a summons?
A) initial document filed in a suit
B) served on the defendant
C) need not be served so long as it is filed
D) none of the above
Q3) Which of the following is not included in a complaint?
A) statement of subject matter jurisdiction
B) request for damages
C) statement of venue
D) a counterclaim
E) none of the above
Q4) Voir dire is:
A) the process for screening prospective jurors.
B) the same as venue.
C) used if peremptory challenges are planned.
D) the same as a judgment NOV.
E) none of the above
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Chapter 5: Business and the Constitution
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118 Verified Questions
118 Flashcards
Source URL: https://quizplus.com/quiz/77060
Sample Questions
Q1) The rights of land owners in eminent domain are protected by the:
A) First Amendment.
B) Fifth Amendment.
C) Fourteenth Amendment.
D) Fourth Amendment.
Q2) Which of the following is not a requirement for a valid state tax?
A) Tax cannot discriminate against interstate business.
B) Tax cannot apply to businesses in interstate commerce.
C) There must be a sufficient nexus between the state and the business being taxed.
D) none of the above
Q3) Son-of-Sam laws:
A) deal with political contributions by corporations.
B) provide for taxation differences on interstate vs. intrastate commerce.
C) prevent perpetrators from profiting from their crimes.
D) none of the above
Q4) The states' police powers are subject to a balancing test.
A)True
B)False
Q5) Discuss the ruling and the importance of Citizen's United.
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Chapter 6: Administrative Law
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137 Verified Questions
137 Flashcards
Source URL: https://quizplus.com/quiz/77061
Sample Questions
Q1) The withdrawal of rulemaking without substantial evidence can be challenged as arbitrary and capricious action on the part of an agency.
A)True
B)False
Q2) The FDA had approved a new diet drug for the market. The agency pulled the approval and the drug off the market because a staff member said, "This drug didn't work for me." The manufacturer of the drug could challenge the FDA action:
A) as arbitrary and capricious.
B) on the basis of a failure to follow ADA procedures.
C) lack of substantial evidence.
D) any of the above
Q3) Choose the one with the correct ordering of rulemaking functions from among the following:
A) enabling statute, comment period, studies of issues, promulgation
B) enabling statute, studies of issues, promulgation, comment period
C) enabling statute, studies of issues, comment period, promulgation
D) None of the above is in correct order.
Q4) Name the three government publications covered under the Federal Register Act.
Q5) Discuss the ways a business could challenge a promulgated agency rule.
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Chapter 7: International Law
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93 Verified Questions
93 Flashcards
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Sample Questions
Q1) Jack Zettler, a resident of Germany, works as an agent for Samson Enterprises, a U.S. company. Jack's job is to help negotiate steel rail contracts for Samson with the German government. Jack often takes German Department of Transportation officials out for beer or coffee to discuss Samson and its products. Which of the following statements is correct?
A) Jack has violated the FCPA by offering government officials something of value.
B) Jack may have violated German law, but Samson is not subject to the FCPA provisions when doing business in Germany.
C) Neither Jack nor Samson has violated the FCPA.
D) Only U.S. employees working in other countries can violate the FCPA.
Q2) The European Union:
A) is a trademark registration organization.
B) eliminated tariff protections for its members in 1992.
C) is an international court of justice.
D) none of the above
Q3) The effect of the FCPA has been to decrease U.S. companies' competitiveness.
A)True
B)False
Q4) Why are pirates so difficult to prosecute?
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Chapter 8: Business Crime
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105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/77063
Sample Questions
Q1) The failure to give Miranda warnings is fatal to a case.
A)True
B)False
Q2) Which of the following is not a requirement of mens rea?
A) a specific act
B) the state of mind required for the crime
C) the intent to deprive
D) All of the above are required for mens rea.
Q3) Under RICO, business owners can be criminally liable for violations even though they were not directly running the business.
A)True
B)False
Q4) Commercial bribery is only criminal for the recipient.
A)True
B)False
Q5) The omnibus hearing is:
A) the same as the preliminary hearing.
B) held before trial to determine evidentiary issues.
C) held after trial.
D) none of the above
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Chapter 9: Business Torts
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130 Verified Questions
130 Flashcards
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Sample Questions
Q1) Which of the following is not an element of negligence?
A) duty
B) breach of duty
C) reckless disregard
D) causation
Q2) states provide a qualified privilege for letters of recommendation.
A) All
B) No
C) A few
D) Nearly all
Q3) Slander is oral defamation.
A)True
B)False
Q4) Running a red light is a breach of duty for negligence purposes.
A)True
B)False
Q5) Britney Spears is an example of a public figure for purposes of proving malice.
A)True
B)False
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Chapter 10: Cyberlaw, Social Media, and Privacy
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62 Verified Questions
62 Flashcards
Source URL: https://quizplus.com/quiz/77065
Sample Questions
Q1) Which of the following would be a federal crime?
A) copying FDIC data without authorization
B) changing figures on military invoices without authorization
C) placing a virus on a federal computer system
D) All of the above are federal crimes.
Q2) Which of the following is correct about Lakes' policy on text messages?
A) The monitoring is overly broad and will not be permitted under federal law.
B) The monitoring must be restricted to business messages and not personal messages.
C) The monitoring policy fits within current legal standards.
D) The monitoring is not permitted.
Q3) Evaluate the following statement: "Warrants are not required for searches in cyberspace."
Q4) Explain what customers of cloud services should understand prior to entering into a cloud agreement.
Q5) Servers are always required to reveal the identity of their customers and users.
A)True
B)False
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Chapter 11: Environmental Regulation and Sustainability
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112 Verified Questions
112 Flashcards
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Sample Questions
Q1) Which of the following remedies are available to remedy environmental hazards?
A) an EPA complaint
B) private citizen suit under federal environmental law
C) suit for nuisance
D) suit under state law
E) All of the above are available remedies.
Q2) How was the Rivers and Harbors Act of 1899 used in the pollution battle?
A) to prevent dumping into waterways
B) to prevent the transportation of toxic substances without a permit
C) to prevent all discharges
D) none of the above
Q3) If the EPA cleans up a toxic waste site, the cost of a cleanup can be recovered from the:
A) owner.
B) party who dumped the waste.
C) Superfund.
D) all of the above
Q4) The EU has the most extensive and active emissions permit trading market.
A)True
B)False
Page 13
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Chapter 12: Contracts and Sales: Introduction and Formation
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152 Verified Questions
152 Flashcards
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Sample Questions
Q1) Stamps.com offers at-home postage and mailing for a monthly fee. Customers are able to carry a balance on their accounts that allows them to mail packages and letters as long as there is a balance in their account. Stamps.com has a button on its program that carries this logo, "To purchase postage, click here." Following that click, another window pops up that reads, "You are about to purchase postage. Once you click 'Okay' below, you cannot change this transaction." Why does Stamps.com have the second pop-up button?
A) The pop-up button is simply a courtesy for its customers.
B) The pop-up button is necessary to show acceptance of the terms.
C) The pop-up button is required under the UCC.
D) The pop-up button is required under common law.
Q2) Under CARD, credit terms must last for at least two years.
A)True
B)False
Q3) Under ESIGN, clicking on a tab that reads "I accept" is a valid acceptance to an offer.
A)True
B)False
Q4) Discuss what colleges and universities must do under CARD for their students.
Q5) List the types of contracts required to be in writing.
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Chapter 13: Contracts: Performance, Remedies, and Rights
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155 Verified Questions
155 Flashcards
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Sample Questions
Q1) Dana Riley purchased a home in the Brentwood area of Los Angeles. After she purchased the home, she learned that the home had been the residence of a long-time drug dealer. She experienced many late-night visitors and often noticed cars parked outside near the street curb with the drivers and passengers studying the home. The former owner has been convicted of drug charges. Dana has become uncomfortable with the visitors and the surveillance. She just wants out of the house. Which of the following statements is true?
A) Dana has no grounds for rescinding her agreement.
B) The information about the drug dealer was material and should have been disclosed to her.
C) Withholding information about the former drug-dealer owner is not misrepresentation.
D) none of the above
Q2) The failure to deal fairly with a party to a contract can result in damages for breach.
A)True
B)False
Q3) Contracts with illegal subject matter are voidable.
A)True
B)False
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Page 15
Chapter 14: Sales: Product Advertising and Liability
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138 Verified Questions
138 Flashcards
Source URL: https://quizplus.com/quiz/77069
Sample Questions
Q1) To establish an express warranty under the UCC, the buyer must produce evidence that the seller used the term "warrant" or "guarantee."
A)True
B)False
Q2) Private parties can enforce the FTC regulations on comparative ads.
A)True
B)False
Q3) The sellers of "Acne-Statin," a skin cream, claim in their ads that their cream "cures acne." The American Association of Dermatologists has determined that there is no cure for acne, only creams that can curb breakouts. The ad claims:
A) are simply puffery.
B) breach an express warranty.
C) do not violate any FTC rules.
D) none of the above
Q4) There can be no recovery on the basis of a breach of a UCC warranty by anyone other than the actual buyer.
A)True
B)False
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Chapter 15: Products: Business Intellectual Property
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95 Verified Questions
95 Flashcards
Source URL: https://quizplus.com/quiz/77070
Sample Questions
Q1) Knockoff goods are:
A) goods carrying a trademark without authorization.
B) goods manufactured in excess of the permission granted by the trademark holder.
C) permitted after the five-year period for trademark registration expires.
D) none of the above
Q2) WIPO administers trademarks and copyrights internationally.
A)True
B)False
Q3) What would be the film makers' best defense in the suit against them by the author?
A) That the idea of a Fort Apache is general in terms of the nature of a battle and not a unique idea.
B) That the name of the film is different.
C) That the use of an idea in a film is not an infringement of an idea in a book.
D) That book names are not protected by statute.
Q4) Software copyrights cover the underlying programs of the software.
A)True
B)False
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17
Chapter 16: Business Competition: Antitrust
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159 Verified Questions
159 Flashcards
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Sample Questions
Q1) Pool Line is the manufacturer of a pool cleaning system that has been called by the pool construction industry, "the miracle we have waited a lifetime for." The cleaning system is very effective and recommended by all consumer magazines. The result is that 93 percent of all new pools have the system, and 94 percent of all pool owners buying replacement systems choose Pool Line. Pool Line's competitors have brought suit charging Pool Line with monopolization of the pool cleaning market. Pool Line: A) probably has a monopoly per se because of the 90 percent+ market share figures. B) probably has a valid defense of superior skill, foresight, and industry. C) will owe treble damages to the competitors.
D) none of the above
Q2) Tying arrangements are per se antitrust violations.
A)True
B)False
Q3) Predatory pricing is:
A) pricing below cost.
B) per se illegal.
C) price discrimination.
D) none of the above
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Chapter 17: Management of Employee Conduct: Agency
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115 Verified Questions
115 Flashcards
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Sample Questions
Q1) There is no employer liability for negligent hiring.
A)True
B)False
Q2) Joe Helquist and Samantha Gillis were partners in the operation of an office supply business for 32 years. Joe had always handled suppliers and Samantha was responsible for running the store and managing employees. Joe decided to retire and Samantha gave him a fine retirement dinner. Joe had some financial setbacks shortly after retirement when his wife became ill and two of his children decided to go on for their masters' degrees. Joe began ordering supplies from the usual suppliers since they were not aware of his retirement. Joe would intercept the supplies at the loading dock and then sell them on his own. Samantha soon caught the discrepancy in the bills and her inventory and refused to pay the suppliers when she learned of Joe's scheme. Which of the following statements is correct?
A) Samantha is not liable to the suppliers since Joe's authority terminated.
B) Samantha is not liable to the suppliers because Joe's acts constituted fraud.
C) Samantha is liable to the suppliers.
D) none of the above
Q3) Agents are liable to principals for negligence in performing their duties.
A)True
B)False
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Chapter 18: Governance and Structure: Forms of Doing Business
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138 Verified Questions
138 Flashcards
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Sample Questions
Q1) Limited liability companies, limited liability partnerships, limited partnerships, general partnerships, sole proprietorships and S corporations all have flow-through income and loss provisions for tax purposes.
A)True
B)False
Q2) Which of the following is a requirement under Sarbanes-Oxley?
A) The majority of the board of directors must be independent.
B) No inside officers can serve on the board of directors.
C) Lawyers must blow the whistle on their corporate clients engaged in fraud.
D) all of the above
Q3) Partners are mutual principals and agents.
A)True
B)False
Q4) In 2012, the CEO with the highest compensation was:
A) Lawrence Ellison
B) Mark Hurd
C) John Donahoe
D) none of the above
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Q5) Explain when a shareholder has a right to see the books and records of a corporation.
Chapter 19: Governance and Regulation: Securities Law
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152 Verified Questions
152 Flashcards
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Sample Questions
Q1) State antitakeover statutes that delay takeovers are unconstitutional.
A)True
B)False
Q2) Sarbanes-Oxley has special anti-retaliation protections for employees who raise questions about financial reports and internal accounting.
A)True
B)False
Q3) A tender offer is another form of business combination.
A)True
B)False
Q4) The SEC prohibits an analyst from issuing a report that is contrary to the analyst's true opinion about a security.
A)True
B)False
Q5) The SEC conducts a merit review of its filed registrations.
A)True
B)False
Q6) Describe who must file 10K, 10Q and 8K reports.
Q7) Discuss why Bernie Madoff received the sentence he did for his crimes.
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Chapter 20: Management: Employee Welfare
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131 Verified Questions
131 Flashcards
Source URL: https://quizplus.com/quiz/77075
Sample Questions
Q1) Which federal law provides for unemployment compensation?
A) FLSA
B) OSHA
C) ERISA
D) none of the above
Q2) The Illegal Immigration Reform and Immigrant Responsibility Act of 1996:
A) increased the number of crimes that constituted grounds for deportation.
B) was declared unconstitutional.
C) increased the defenses to deportation.
D) none of the above
Q3) List and describe all of the basic statutory protections for workers.
Q4) Unemployment benefits are not collectable when:
A) an employee leaves a job voluntarily because of pregnancy.
B) an individual is involuntarily terminated from his/her job.
C) you are seeking employment.
D) none of the above
Q5) Mining is the industry with the highest fatality rate.
A)True
B)False
Q6) Discuss when OSHA will find willful violations.
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Chapter 21: Management: Employment Discrimination
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119 Verified Questions
119 Flashcards
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Sample Questions
Q1) An affirmative action plan is invalid unless approved by a federal district court.
A)True
B)False
Q2) Quota programs are permissible under affirmative action.
A)True
B)False
Q3) Which of the following ads would violate Title VII?
A) "Baptist minister needed. Must be Baptist."
B) "Female LPN for personal care for elderly woman."
C) "Waiters for four-star restaurant needed."
D) All of the above violate Title VII.
Q4) Which of the following would be a reasonable accommodation required by the Americans with Disabilities Act?
A) flexible or part-time scheduling
B) reassignment to a different job
C) providing readers and interpreters
D) all of the above
Q5) Describe what an employer should do when faced with a charge of sexual harassment.
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