Business Law and Ethics
Mock Exam
Course Introduction
Business Law and Ethics explores the legal principles and ethical frameworks that shape the business environment. The course examines key topics such as contracts, torts, intellectual property, employment law, and regulatory compliance, along with the ethical responsibilities of organizations and individuals in decision-making processes. Students will analyze real-world cases to understand how laws protect stakeholders and guide conduct, and they will discuss how ethical considerations influence business strategies and operations in a global context. By integrating legal theory with practical ethical dilemmas, the course prepares students to navigate complex legal landscapes and make responsible, value-driven business decisions.
Recommended Textbook
Business Ethics Now 5th Edition by Andrew Ghillyer
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10 Chapters
1029 Verified Questions
1029 Flashcards
Source URL: https://quizplus.com/study-set/2777 Page 2
Chapter 1: Understanding Ethics
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114 Verified Questions
114 Flashcards
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Sample Questions
Q1) Ethical choices that offer the greatest good for the greatest number of people are referred to as _____.
A)virtue ethics
B)normative ethics
C)ethical relativism
D)utilitarianism
Answer: D
Q2) Which of the following will most likely influence the moral standards of an individual?
A)The change of government in the individual's home country
B)A strict family upbringing
C)The attitude of people in the neighboring country
D)An opportunity to learn a foreign language
Answer: B
Q3) The first step in the three-step process for solving an ethical problem is to _____.
Answer: analyze the consequences
Q4) A _____ is just doing the right thing, and it is something most people can understand and support.
Answer: simple truth
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Chapter 2: Defining Business Ethics
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) Stakeholders include stockholders, employees, and the federal government.
A)True
B)False
Answer: True
Q2) Unethical corporate behavior does not have any impact on a company's stakeholders.
A)True
B)False
Answer: False
Q3) According to the _____ (ERC), a company's code of ethics should be a central guide to support day-to-day decision making at work.
Answer: Ethics Resource Center
Q4) A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is an _____.
Answer: ethical dilemma
Q5) An organization's code of ethics has no relevance to its employees.
A)True
B)False
Answer: False
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Chapter 3: Organizational Ethics
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) _____ is the line function that coordinates the recruitment, training, and development of personnel for all aspects of the organization.
Answer: Human resources management
Q2) If an employee leaves a company, the _____ department should host an exit interview to ensure that anything the organization can learn from the employee's departure is fed back into the company's strategic plan for future growth and development.
A)research and development
B)marketing
C)finance
D)human resources
Answer: D
Q3) The last resort for ethical guidance in an accounting profession is the Code of Ethics issued by the _____.
Answer: American Institute of Certified Public Accountants
Q4) Shareholders lack interest in the ethical performance of an organization.
A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Corporate Social Responsibility
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106 Verified Questions
106 Flashcards
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Sample Questions
Q1) In addition to achieving social benefits, which of the following best illustrates an example of a company effectively implementing corporate social responsibility (CSR)?
A)It provides its employees with free lunch.
B)It allows flexible working hours for its employees.
C)It gives better pricing deals to older clients.
D)It fulfills all its legal obligations.
Q2) Hoffmann Enterprises (HE), a manufacturer of industrial goods, primarily focuses on meeting the demands of the market with quality products. It also undertakes environmental protection endeavors that promote the use of renewable sources of energy. HE illustrates the _____ approach to corporate management.
A)free-enterprise
B)instrumental
C)shareholder
D)social contract
Q3) The Kyoto Protocol requires developed nations to reduce their greenhouse gas emissions only by modifying their domestic industries.
A)True
B)False
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6
Chapter 5: Corporate Governance
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105 Verified Questions
105 Flashcards
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Sample Questions
Q1) _____ is about the way in which boards oversee the running of a company by its managers and how board members are, in turn, accountable to shareholders and the company.
A)Management consulting
B)Corporate governance
C)Corporate transparency
D)Management education
Q2) A board of directors is a group of individuals, elected by the vote of _____ at the annual general meeting, who oversee the governance of an organization.
Q3) The triple bottom line proposed by the King II report, released by the committee formed by Mervyn King, recognizes the economic, environmental, and social aspects of a company's activities.
A)True
B)False
Q4) The _____ committee of an organization is responsible for monitoring the financial policies and procedures of the organization.
Q5) What is corporate governance? Why it is important?
Q6) _____ is the process by which organizations are directed and controlled.
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Chapter 6: The Role of Government
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) How did the Foreign Corrupt Practices Act (FCPA) encompass all the secondary measures that were in use prior to the passing of the act?
Q2) The sentence of an organization punished under the Federal Sentencing Guidelines for Organizations is calculated through a three-step process: determination of mitigating factors, evaluating the credit rating, and the determination of base fine.
A)True
B)False
Q3) _____ are facilitating payments to foreign officials in order to expedite or secure the performance of a routine governmental action.
Q4) Which of the following is true of the Sarbanes-Oxley Act (SOX)?
A)It helped disband the Public Company Accounting Oversight Board.
B)It protects employees of companies who provide evidence of fraud.
C)It prohibits a CEO from signing the company's federal income tax return.
D)It considers whistle-blowing a white collar crime.
Q5) Under the Federal Sentencing Guidelines for Organizations, the _____ is calculated by multiplying the base fine up to 4 times.
Q6) Discuss the Federal Sentencing Guidelines for Organizations.
Q7) Differentiate between bribes and grease payments.
Page 8
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Chapter 7: Blowing the Whistle
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) The Dodd-Frank Wall Street Reform and Protection Act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.
A)between 10 and 30 percent
B)a minimum of 50 percent
C)a minimum of 75 percent
D)between 50 and 75 percent
Q2) Which of the following statements is true of the federal Civil False Claims Act?
A)It rejected cases brought by whistle-blowers who were motivated by monetary gain.
B)It penalized whistle-blowers heavily if they had no evidence to support their claims.
C)It did not reward whistle-blowers if their cases implicated the government in any way.
D)It did not offer whistle-blowers protection from retaliatory behavior aimed at them.
Q3) The _____ Act of 1863 was designed to prevent profiteering from the Civil War.
Q4) The _____ Act of 1989 first addressed the issue of retaliation against federal employees who bring accusations of unethical behavior.
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9
Chapter 8: Ethics and Technology
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Copying and distributing unpaid proprietary software is not a violation of computer ethics.
A)True
B)False
Q2) With advances in technology, the availability of employees in the business environment is no longer defined by their accessibility.
A)True
B)False
Q3) Thin consent leaves employees with little choice regarding the monitoring of their web activity at the workplace.
A)True
B)False
Q4) Keystroke loggers can only capture information that is not deleted.
A)True
B)False
Q5) The _____ is a private piece of a company's network that is made available to customers or vendor partners using secured access with a unique password.
Q6) Information can be sent over fiber-optic cables only after it has been _____.
To view all questions and flashcards with answers, click on the resource link above. Page 10
Chapter 9: Ethics and Globalization
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100 Verified Questions
100 Flashcards
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Sample Questions
Q1) Multinational corporations are also known as intranational corporations.
A)True
B)False
Q2) Summarize the 10 key principles of the UN Global Compact that address its four areas of concern: Human Rights, Labor Standards, Environment, and Anticorruption.
Q3) A _____ nation is one that enjoys a high standard of living as measured by economic, social, and technological criteria.
Q4) The Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises were originally adopted as part of the _____.
Q5) What are the advantages and disadvantages of globalization?
Q6) Which of the following is true of the concept of global ethics?
A)It is no longer relevant today.
B)It has little backing from the United Nations.
C)It is a highly complex subject.
D)It does not involve less-developed nations.
Q7) _____ have overtaken national markets, leading to a global marketplace, because of globalization.
Q8) How has globalization affected the economic market?
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Chapter 10: Making It Stick: Doing Whats Right in a Competitive Market
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91 Verified Questions
91 Flashcards
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Sample Questions
Q1) A company should avoid communicating its ethics policy to external stakeholders.
A)True
B)False
Q2) An ethical culture is deemed to be _____ if it persists within the operational policies of the organization long after the latest public scandal or the latest management buzzword.
Q3) A well-written code of ethics can capture what an organization understands ethical behavior to mean.
A)True
B)False
Q4) Policies that result when organizations are driven by events and/or a fear of future events are called _____.
Q5) Since the code of ethics cannot capture every possible example, each department of an organization should apply the code to examples that arise in its area.
A)True
B)False
Q6) The first stage in the process of making ethical behavior sustainable for an organization is to establish a _____.
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