Business Law and Ethics
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Course Introduction
Business Law and Ethics explores the legal foundations and ethical considerations that underpin business operations in various sectors. The course covers essential topics such as contract law, torts, intellectual property, employment law, and regulatory frameworks, alongside ethical theories and their application in decision-making. Students will analyze real-world cases to understand how legal principles and ethical standards guide business conduct, protect stakeholder interests, and address contemporary issues such as corporate social responsibility, whistleblowing, and global business challenges. By integrating legal concepts with ethical reasoning, learners will develop the skills necessary to navigate complex legal environments and make responsible business decisions.
Recommended Textbook
Business Ethics A Textbook with Cases 9th Edition by William H. Shaw
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Page 2
Chapter 1: The Nature of Morality
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Q1) For philosophers,the most important issue is not where our moral principles came from,but:
A)whether those moral principles can be justified
B)how we acquired the beliefs we have
C)to what extent religion influences people's moral beliefs
D)the legal basis for acting morally
Answer: A
Q2) Is it possible to be ethical and be successful? To many,the two do not go together.State your position with reasons.
Answer: See referenced sections.
Q3) A tangible truth about having moral principles is
A)moral behavior always pays off in strictly selfish terms.
B)morally responsible companies are rarely among the most profitable.
C)if you do the right thing only because you think it will pay off,you're not really motivated by moral concerns.
D)business is fundamentally an amoral activity.
Answer: C
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3
Chapter 2: Normative Theories of Ethics
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Q1) According to act utilitarianism,an action is morally right if and only if
A)it makes the person who does it happy.
B)everyone prefers that action to any other action.
C)it maximizes total,net happiness.
D)it brings only happiness and causes no pain.
Answer: C
Q2) The only accurate statement about consequentalism is:
A)Utilitarianism is a nonconsequentialist ethical theory.
B)Utilitarianism is an egoistic normative theory.
C)Consequentialism says that the moral rightness of an action is determined solely by its results.
D)Nonconsequentialists deny that consequences have any moral significance.
Answer: C
Q3) Immanuel Kant believed that it is only when we act out of feeling or sentiment that our actions have moral worth.
A)True
B)False
Answer: False
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4
Chapter 3: Justice and Economic Distribution
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Q1) What is the "maximin" rule for making decisions and what role does it play in Rawls's argument?
Answer: The "maximin" rule for making decisions is a principle that suggests choosing the option that maximizes the minimum outcome. In other words, when faced with multiple choices, the maximin rule advises selecting the option that provides the highest level of security or the least potential for negative consequences.
In Rawls's argument, the maximin rule plays a crucial role in his theory of justice. Rawls argues that in order to create a just society, we should prioritize the well-being of the least advantaged members. By applying the maximin rule, Rawls suggests that we should structure society in a way that maximizes the benefits for the most disadvantaged individuals. This means that when making decisions about social and economic policies, we should prioritize the needs of the least well-off in order to create a fair and just society.
Overall, the maximin rule in Rawls's argument serves as a guiding principle for creating a more equitable and just society by prioritizing the well-being of the most vulnerable members.
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Page 5
Chapter 4: The Nature of Capitalism
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Q1) The profit motive
A)is a fundamental feature of all societies.
B)is no longer a key feature of capitalism.
C)must be checked by competition if society is to benefit.
D)is basically immoral.
Q2) Explain and respond to one of the criticisms of capitalism provided in the text by taking a stance on whether you feel capitalism increases or decreases inequality.
Q3) Explain the correlation between job security and work ethic now and in the past.
Q4) Is manufacturing vital to the success and well-being of America? Justify your answer.
Q5) One of the four key features of capitalism is
A)favoritism.
B)cooperation.
C)inequality.
D)private property.
Q6) Socialism is an economic system characterized by public ownership of the means of production and distribution,and a planned economy.
A)True
B)False
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Chapter 5: Corporations
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Q1) The idea that corporations will impose their values on us supports one of the arguments for the narrow view of corporate social responsibility.
A)True
B)False
Q2) A common point of contention about corporations is
A)corporate punishment is no different from individual punishment.
B)modern corporations no longer utilize a CID structure.
C)philosophers and business theorists disagree whether corporations are moral agents. D)if corporations are moral agents,then this relieves individual human beings of any moral responsibility.
Q3) What is the "business-can't-handle-it" argument? Discuss the two reasons in support of this position by coming up with a current example of corporate failure to act responsibly.What do you think is the best solution to encourage corporate responsibility at least in the example you give?
Q4) What society finds to be useful and desirable is always brings profitability to companies.
A)True
B)False
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Chapter 6: Consumers
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Q1) Which of the following is an example of price gouging?
A)selling World Series Tickets for $300
B)a New York hotel tripling its room prices after 9/11
C)having to pay above the seller's original asking price for a home
D)increasing the price of lawn movers in the spring and summer
Q2) Give an example of deceptive ambiguity in advertising.
Q3) The FTC now follows the "modified" ignorant consumer standard and protects only those cases of foolishness that are committed by significant numbers of people.
A)True
B)False
Q4) In deciding whether an ad is deceptive,today the FTC basically follows
A)the reasonable consumer standard.
B)the gullible consumer standard.
C)the "modified" gullible-consumer standard.
D)none of these choices.
Q5) Give an example of manipulative pricing.
Q6) What is subliminal advertising?
Q7) What is the importance of Henningsen v.Bloomfield Motors and Greenman v.Yuba Power Products?
Page 8
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Chapter 7: The Environment
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Q1) Explain a cost-benefit analysis,and how is it relevant to environmental issues?
Q2) Environmental protection is always a static trade-off,with a fixed economic price to be paid for the gains we want.
A)True
B)False
Q3) 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.
Q4) According to Jeremy Bentham,the question is not whether animals can feel pain,but whether they can talk and reason.
A)True
B)False
Q5) What's an "externality"? Give an environmental example of an externality.
Q6) According to Joel Feinberg,future generations of people have a right to be born.
A)True
B)False
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Chapter 8: The Workplace 1: Basic Issues
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Q1) How did the passage of the National Labor Relations Act in 1935 advance the cause of unionism?
Q2) From the beginning,unions have been driven by an attempt to protect workers from abuses of power at the hands of employers.
A)True
B)False
Q3) When weighing the decisions to terminate employees,companies need to remember that employment affects families and communities,not just individuals.
A)True
B)False
Q4) The express purpose of any boycott is the same as that of a strike - to hurt the employer or company financially and thus strengthen the union's bargaining position. A)True
B)False
Q5) Sympathetic strikes have very little power.
A)True
B)False
Q6) What's the difference between a direct strike and a sympathetic strike?
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Chapter 9: The Workplace 2: Todays Challenges
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Q1) One problem that OSHA will have to address in the future is the increasing number of musculoskeletal disorders.
A)True
B)False
Q2) When it comes to obtaining information about employees,a key concept is
A)informed consent.
B)paternalism.
C)economic efficiency.
D)positive externalities.
Q3) Increased productivity by changing the color of the surrounding working environment is known as the "Hawthorne effect."
A)True
B)False
Q4) Granting workers new responsibilities and respect can benefit the entire organization.
A)True
B)False
Q5) Different management theories rest on different theories of human nature.Which is the correct theory of human nature?
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Chapter 10: Moral Choices Facing Employees
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Q1) Employees have certain general duties to their employers,and because of the specific business,professional,or organizational responsibilities they have assumed,they may have other more precise role-based obligations.
A)True
B)False
Q2) In discussing the case of the truck stop cashier who is asked to write up phony receipts,the text argues that in at least one scenario
A)there is nothing wrong with writing up the receipts.
B)she should resign immediately.
C)her prudential concerns may take precedence over moral ones on a temporary basis.
D)she should never whistle-blow and report the misconduct.
Q3) What,if anything,is wrong with foreign forms of bribery?
Q4) U.S.companies have a history of paying off foreign officials for business favors.Such acts were declared illegal by
A)the U.S.Customs department.
B)the Vice President.
C)the Foreign Corrupt Practices Act (FCPA)of 1977.
D)the United Nations.
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Page 12
Chapter 11: Job Discrimination
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Q1) What are the different forms that job discrimination can take?
Q2) Which of these statements is true concerning court cases about discrimination?
A)Brown v.Board of Education upheld the principle of "separate but equal"
B)the Bakke case outlawed affirmative action across the board
C)in the 2004 Holtz case,the Supreme Court ruled that "race-conscious" admissions policies are unconstitutional
D)in the University of Michigan cases (Gratz and Grutter),the Supreme Court upheld moderate,flexible affirmative action programs
Q3) Many Americans oppose what issue because they fear it will mean in practice,illegal quotas,preferential treatment of African Americans and women,and even reverse discrimination against white men?
A)affirmative action
B)sexual diversity
C)sexual harassment
D)age discrimination
Q4) Diversity in the workplace can be viewed as a competitive advantage.
A)True
B)False
Q5) What are the general guidelines the EEOC lists as steps to affirmative action?
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