Business Law and Ethics
Question Bank
Course Introduction
Business Law and Ethics explores the fundamental legal concepts and ethical principles that govern business operations in both domestic and global contexts. The course examines key topics such as contract law, torts, intellectual property, employment law, and the regulatory environment, while emphasizing the importance of ethical decision-making in corporate settings. Students learn to identify and analyze legal issues facing businesses, understand the implications of laws and regulations, and consider the role of values and ethical frameworks in resolving complex business dilemmas. Practical case studies and real-world scenarios equip students with the skills to navigate the intersections of law, ethics, and business strategy.
Recommended Textbook
Business Ethics A Textbook with Cases 8th Edition by William H. Shaw
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11 Chapters
554 Verified Questions
554 Flashcards
Source URL: https://quizplus.com/study-set/1961 Page 2
Chapter 1: The Nature of Morality
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49 Verified Questions
49 Flashcards
Source URL: https://quizplus.com/quiz/39043
Sample Questions
Q1) An argument is a group of statements, one of which is claimed to follow from the others.
A)True
B)False
Answer: True
Q2) The following is a logical fact.
A) All valid arguments are sound arguments.
B) All sound arguments are valid arguments.
C) A sound argument may have a false conclusion.
D) A sound argument may have a false premise.
Answer: B
Q3) Bystander apathy appears to result in part from diffusion of responsibility.
A)True
B)False
Answer: True
Q4) For philosophers, the important question is not how we come to have the particular moral principles we have, but whether we can justify them.
A)True
B)False
Answer: True
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Chapter 2: Normative Theories of Ethics
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) The view that equates morality with self-interest is egoism.
A)True
B)False
Answer: True
Q2) Which of the following represents a utilitarian belief?
A) Rightness is determined by what most people want, i.e., by majority rule.
B) Rightness is determined by what will bring about the most good.
C) We should concern ourselves only with the immediate results of our actions.
D) We must always disregard our own happiness when deciding what to do.
Answer: B
Q3) According to Jeremy Bentham and John Stuart Mill, pleasure is the one thing that is intrinsically good or worthwhile.
A)True
B)False
Answer: True
Q4) According to W. D. Ross, we have immediate intuitive knowledge of the basic prima facie moral obligations/principles.
A)True
B)False
Answer: True
Page 4
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Chapter 3: Justice and Economic Distribution
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48 Verified Questions
48 Flashcards
Source URL: https://quizplus.com/quiz/39047
Sample Questions
Q1) In Nozick's example of Wilt Chamberlain, he argues that other theories of economic justice inevitably fail to respect people's
A) liberty.
B) power of choice.
C) skills.
D) height.
Answer: A
Q2) Rawls's theory of distributive justice is a form of utilitarianism.
A)True
B)False
Answer: False
Q3) To the libertarians, their concept of liberty includes a commitment to A) hedonism.
B) charity.
C) private property.
D) happiness.
Answer: C
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Page 5
Chapter 4: The Nature of Capitalism
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Government programs often subsidize American businesses and protect them from competition.
A)True
B)False
Q2) According to Marx, when workers are alienated they are not truly free.
A)True
B)False
Q3) Capital is that money that is invested for the purpose of making more money.
A)True
B)False
Q4) As a classical moral justification of capitalism, the natural right to property is a utilitarian justification.
A)True
B)False
Q5) The concept of the "invisible hand" means
A) pursuit of private gain will bring the best overall results.
B) although it can't be seen, the hand of government controls the economy.
C) feudalism inevitably gives rise to capitalism.
D) externalities must be internalized.
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Chapter 5: Corporations
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50 Verified Questions
50 Flashcards
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Sample Questions
Q1) Milton Friedman argues that business has a responsibility to provide employment, refrain from polluting, and eliminate discrimination, even when it's not profitable to do so.
A)True
B)False
Q2) Melvin Anshen suggests that there is a relationship between business and society which he termed as
A) "share the wealth."
B) "the rich get richer and the poor get poorer."
C) "social contract."
D) "one for all and all for one."
Q3) Adherents of the broader view of corporate responsibility claim that modern business is intimately integrated with the rest of society and that, as a result, although society expects business to pursue its economic interests, business has other responsibilities as well.
A)True
B)False
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Chapter 6: Consumers
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50 Flashcards
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Sample Questions
Q1) Due care is the idea that consumers and sellers do not meet as equals and that the consumer's interests are particularly vulnerable to being harmed by the manufacturer, who has knowledge and expertise the consumer does not have.
A)True
B)False
Q2) Due care is
A) based on the principle of caveat emptor.
B) based on the principle "let the buyer beware."
C) the idea that consumers and sellers do not meet as equals and that consumer's interests are particularly vulnerable to being harmed by the manufacturer.
D) based on the principle of absolute liability.
Q3) The consumer's main source of product information is
A) testimonials of other customers.
B) billboards.
C) word of mouth.
D) the label and package.
Q4) Strict liability is the same thing as absolute liability.
A)True
B)False
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Chapter 7: The Environment
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50 Flashcards
Source URL: https://quizplus.com/quiz/39049
Sample Questions
Q1) The "tragedy of the commons" is
A) the lack of a commons-a common place where people can come together.
B) the failure to appreciate what we have in common with other species.
C) that cost-benefit analysis involves value judgments that we do not share in common.
D) that individual pursuit of self-interest can sometimes make everyone worse off.
Q2) According to Holmes Rolston III, A) naturalistic ethics ought to be abandoned.
B) some natural objects are morally considerable in their own right, apart from human interests.
C) all moral rights are derived from the interests of human beings.
D) nature has no value apart from human beings.
Q3) Three approaches have gained the most attention when it comes to achieving our environmental goals: the use of regulations, incentives, and pricing mechanisms.
A)True
B)False
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9
Chapter 8: The Workplace 1: Basic Issues
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50 Flashcards
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Sample Questions
Q1) Nepotism is the practice of promoting exclusively from within the firm.
A)True
B)False
Q2) In the interview process, the interview should avoid rudeness, coarseness, condescension, and A) giddiness.
B) hostility.
C) sternness.
D) questions.
Q3) Choose the most accurate statement concerning the workplace:
A) If wages conform with the law, they are fair wages.
B) Employers have no obligation to dismiss workers as painlessly as possible.
C) An employer's financial capabilities affect what constitutes a fair wage scale for that employer's employees.
D) All instances of nepotism raise serious moral concerns.
Q4) In a handful of American cities local ordinances prohibit discrimination against those who are short or overweight.
A)True
B)False
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Chapter 9: The Workplace 2: Todays Challenges
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Sample Questions
Q1) When it comes to obtaining information about employees, a key concept is A) informed consent.
B) paternalism.
C) economic efficiency.
D) positive externalities.
Q2) Informed consent implies deliberation and free choice.
A)True
B)False
Q3) Used properly, personality tests serve two purposes in the work place. Which of the following is one of those purposes?
A) Personality tests help screen applicants for jobs by indicating areas of adequacy and inadequacy.
B) Personality tests help to determine whether an applicant is a drug user.
C) Personality tests help determine how little the business has to pay an applicant if hired.
D) Personality tests help determine if an applicant will be willing to work for low pay.
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Chapter 10: Moral Choices Facing Employees
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Sample Questions
Q1) The Foreign Corrupt Practices Act (FCPA) outlaws grease payments.
A)True
B)False
Q2) Whistle-blowing involves exposing activities that are
A) sports related.
B) immoral or illegal.
C) too close to call.
D) boring and need some excitement.
Q3) The Donald Wohlgemuth case shows that
A) trade secrets can be patented.
B) trade secrets often become an integral part of an employee's total job skills and capabilities.
C) employees need to divest themselves of any skill acquired while handling trade secrets.
D) "noncompete" or "nondisclosure" contracts are always legally valid.
Q4) When does a conflict of interest arise?
Q5) The Sarbanes-Oxley Act weakened legal protections for whistle blowers.
A)True
B)False
Q6) What is insider trading?
Page 12
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Chapter 11: Job Discrimination
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55 Verified Questions
55 Flashcards
Source URL: https://quizplus.com/quiz/39053
Sample Questions
Q1) To answer the question of who determines what is objectionable or offensive in sexual harassment, the courts use what kind of hypothetical person?
A) reasonable person
B) sensual person
C) hysterical person
D) management person
Q2) Advocates of "comparable worth"
A) say that all women do their job just as well as men.
B) base their doctrine on the free-market determination of wages.
C) believe it is necessary for getting rid of sexual harassment.
D) want women to be paid as much as men for jobs involving equivalent skill, effort, and responsibility.
Q3) Opponents of comparable worth insist which one of these ideas support their position?
A) Most women want a rigid schedule.
B) Most women want the most challenging job.
C) Most women have chosen the higher paying occupations.
D) Most women have freely chosen the lower paying occupations.
Q4) What does Title VII of the 1964 Civil Rights Act say?
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