Ethics and the Legal Environment Exam Review
Course Introduction
This course examines the intersection of ethical principles and legal frameworks as they pertain to business operations and decision-making. Students will explore fundamental ethical theories, analyze contemporary legal issues impacting organizations, and evaluate the roles that laws, regulations, and ethical considerations play in shaping business conduct. Case studies and real-world scenarios will be used to develop critical thinking skills and an understanding of how ethical and legal responsibilities intersect in areas such as contracts, employment, corporate governance, social responsibility, and regulatory compliance. The course prepares students to navigate complex legal environments while adhering to high ethical standards in their professional careers.
Recommended Textbook
The Legal Environment Today 7th Edition by Roger LeRoy Miller
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27 Chapters
1810 Verified Questions
1810 Flashcards
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Chapter 1: Business and Its Legal Environment
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72 Verified Questions
72 Flashcards
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Sample Questions
Q1) Uniform laws apply in all states,including those in which the laws have not been adopted.
A)True
B)False
Answer: False
Q2) The law establishes rights,duties,and privileges that are consistent with the values of society.
A)True
B)False Answer: True
Q3) Courts can rely on the common law as a guide to interpreting legislation. A)True
B)False Answer: True
Q4) Federal statutes apply to all states.
A)True
B)False Answer: True
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Page 3
Chapter 1: A: Online Developments:
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36 Verified Questions
36 Flashcards
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Sample Questions
Q1) Jack initiates a sequence of events that results in an injury to Kay.According to the New York Court of Appeals in Palsgraf v.Long Island Railroad Co.,the question of whether Jack was negligent with respect to Kay depends on whether Kay's injury was reasonably foreseeable to
A)a bystander.
B)an insurance company.
C)Jack.
D)Kay.
Answer: C
Q2) One night,Izzy discovers Joe,an intruder,in Izzy's home.Izzy shoots and kills Joe.With respect to criminal prosecution for this use of deadly force,in a state that has a stand-your-ground law Izzy
A)is presumed innocent or may be exempt from prosecution.
B)must prove that he first told Joe to "Stop!" or "Stand your ground!"
C)must prove that he first tried to retreat or that his life was in danger.
D)must prove that Joe did not try to retreat or acted without regard for his own life.
Answer: A
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Page 4
Chapter 2: Ethics and Business Decision Making
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72 Flashcards
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Sample Questions
Q1) In studying the legal environment of business,Professor Dooley's students also review ethics in a business context.Ethics includes the study of what constitutes A)fair or just behavior.
B)financially rewarding behavior.
C)legal behavior.
D)religious behavior.
Answer: A
Q2) Any decision by the management of Fast-Food Franchise Corporation may significantly affect its A)operators only.
B)operators,owners,suppliers,the community,or society as a whole.
C)owners only.
D)suppliers,the community,or society as a whole only.
Answer: B
Q3) According to utilitarianism,an action that affects the majority adversely is morally wrong.
A)True
B)False
Answer: True
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Page 5
Chapter 3: Courts and Alternative Dispute Resolution
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Sample Questions
Q1) Refer to Fact Pattern 3-1.The least expensive method to resolve the dispute between Java and Kaffe may be
A)arbitration because the case will be heard by a mini-jury.
B)litigation because each party will pay its own legal fees.
C)mediation because the dispute will be resolved by a non-expert.
D)negotiation because no third parties are needed.
Q2) Ula wants to initiate a suit against Valley Farms by filing a complaint.The complaint should include
A)an explanation to refute any defense the defendant might assert.
B)a motion for summary judgment.
C)a motion to dismiss.
D)a statement of the facts necessary to show Ula is entitled to relief.
Q3) Kato and Leilani dispute the quality of a collection of sports memorabilia sold over the Internet.They agree to resolve this dispute in 2BRNot2B.com,an online forum.Like most online forums,2BRNot2B.com applies
A)general,universal legal principles.
B)the provisions of the Federal Arbitration Act.
C)jurisprudence developed by the United Nations.
D)the law of California (or another specific U.S.jurisdiction).
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Page 6
Chapter 4: Constitutional Authority to Regulate Business
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Sample Questions
Q1) The Constitution sets out the authority and the limits of the branches of the government.The term checks and balances means that
A)Congress writes checks and the president balances the budget.
B)each branch of government has some power to limit the actions of the other branches.
C)each branch of government may exercise the authority of the other branches.
D)the president "checks" the courts,which "balance" the laws.
Q2) Bailey,the president of Carmichael Commodities Company,claims that certain actions by the federal government and by the state of Delaware infringe on rights guaranteed by the Bill of Rights.All of these rights limit
A)neither Delaware nor the federal government.
B)the federal government only.
C)Delaware and the federal government.
D)Delaware only.
Q3) Local governments,including cities,can exercise police powers.
A)True
B)False
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Chapter 5: Torts,cyber Torts,and Strict Liabiity
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Sample Questions
Q1) Sam,an engineer,supervises the construction of a new bridge.When the bridge collapses due to faulty construction,Sam is sued by those injured in the collapse.As a professional,Sam is held to the same standard of care as A)ordinary persons.
B)other engineers.
C)other professionals,including doctors,dentists,and lawyers.
D)those injured in the collapse of the bridge.
Q2) Frank slips and falls on Guy's Harbor Tour Boat and is injured.Frank files a suit against Guy's for $500,000.If Frank is 20 percent at fault and Guy's is 80 percent,under the "50 percent rule" comparative negligence principles,Frank would recover
A)$0.
B)$250,000.
C)$400,000.
D)$500,000.
Q3) A failure to return personal property is conversion even if the rightful owner consented to the initial taking.
A)True
B)False
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Chapter 6: Criminal Law and Cyber Crime
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72 Verified Questions
72 Flashcards
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Sample Questions
Q1) A criminal case must be proved beyond a reasonable doubt.
A)True
B)False
Q2) Identity theft occurs when a wrongdoer steals another's form of identification.
A)True
B)False
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) Rick manages an illegal gambling operation in his Sushi Bar & Grill.Rick reports the profits of the gambling operation as income from Sushi's legitimate activities on its tax returns.This is
A)embezzlement.
B)larceny.
C)money laundering.
D)no crime.
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Chapter 7: International Law in a Global Economy
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Sample Questions
Q1) Dumping is the sale of imported goods at "greater than fair value."
A)True
B)False
Q2) The United States taxes each barrel of imported oil at a flat rate.This is
A)an antidumping duty.
B)a dumping duty.
C)a quota.
D)a tariff.
Q3) Congresswoman Pelosi and other politicians want to prohibit the import of certain agricultural products that pose a danger to domestic crops.With respect to these products' import,Congress can
A)do nothing.
B)impose quotas,but not tariffs.
C)impose tariffs,but not quotas.
D)prohibit the imports.
Q4) A foreign state is immune from the jurisdiction of U.S.courts as long as the state is involved in commercial activity in the United States.
A)True
B)False
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Chapter 8: Intellectual Property and Internet Law
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Sample Questions
Q1) Diamond Financial Planners employs Ella,who is the firm's most productive performer.Ella,dissatisfied with the commission structure,quits to work for Feldstar Investments,Inc.She takes her list of Diamond clients to induce them to switch to Feldstar.Trade secrets law covers
A)Diamond's list of clients.
B)Ella's performance.
C)Feldstar's commission structure.
D)none of the choices.
Q2) RiteMade Machinery,Inc.,designs,makes,and sells a drill press.Steel Equipment Company copies the design without RiteMade's permission.Steel's conduct is actionable provided
A)consumers are confused.
B)Steel's conduct is intentional.
C)Steel's conduct reduces the value of RiteMade's design.
D)RiteMade's design is patented.
Q3) Trademark dilution requires proof that consumers are likely to be confused by the unauthorized use of the mark.
A)True
B)False
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Page 11
Chapter 8: A: Online Developments:
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22 Verified Questions
22 Flashcards
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Sample Questions
Q1) 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.
Q2) Winston applies to the U.S.Patent and Trademark Office for a patent on a process that uses transactions to hedge the risk in securitiies (stocks and bonds)trading.The patentability of business processes is controversial because business process patent applications involve
A)computer programs.
B)ideas.
C)machines.
D)transformations of particular articles into different states or objects.
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Chapter 9: Formation in Traditional and E-Contracts
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Sample Questions
Q1) A unilateral contract is formed when the one receiving the offer completes the requested act or performance.
A)True
B)False
Q2) Greco promises to buy illegal copies of CDs and DVDs from Fava,who promises to deliver on April 15.These promises are most likely
A)enforceable.
B)valid.
C)void.
D)voidable.
Q3) A contract is void if one of the parties was intoxicated at the time of its formation.
A)True
B)False
Q4) An online offer should include provisions relating to dispute settlement.
A)True
B)False
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Chapter 10: Contract Performance,breach,and Remedies
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Sample Questions
Q1) Any breach-material or minor-discharges the nonbreaching party from the contract.
A)True
B)False
Q2) A party who in good faith performs substantially all of the terms of a contract can enforce the contract against the other party.
A)True
B)False
Q3) Vicky contracts with Rashad for the delivery of hospice services to benefit Sigmund.This is
A)a delegation.
B)an assignment.
C)a third party beneficiary contract.
D)not an enforceable contract.
Q4) A breach of contract entitles the nonbreaching party to sue for damages.
A)True B)False
Q5) A contract is discharged when its specific subject matter is destroyed. A)True B)False
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Chapter 11: Sales,leases,and Product Liability
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Sample Questions
Q1) Gleaming Gem Corporation agrees to sell Jewelry Outlets,Inc.(JOI),fifty new diamonds,but the contract does not specify a place of delivery.JOI is expected to pick up the goods.The place of delivery is
A)Gleaming's place of business.
B)JOI's place of business.
C)the Annual Gems and Jewels Convention.
D)the U.S.Postal Service office nearest to JOI's place of business.
Q2) Olga,a salesperson for Pre-owned Cars & Trucks,Inc.,tells Quincy,"This is the best car I've ever seen." This statement is
A)an express warranty.
B)an implied warranty.
C)a warranty of title.
D)puffery.
Q3) Goods that are merchantable are fit for any purpose.
A)True
B)False
Q4) UCC Article 2 applies to sales of goods,real estate,and services.
A)True
B)False
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Chapter 12: Creditor-Debtor Relations and Bankruptcy
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Sample Questions
Q1) Kenyon files a petition for bankruptcy.Kenyon must include with the petition
A)a plan to turn over his future income to the trustee.
B)a certificate proving attendance at a credit-counseling briefing.
C)a provision of adequate means for the petition's execution. d a statement of preference for one creditor over another.
Q2) Creditors may contract with a debtor for discharge of the debtor's liquidated debts.
A)True
B)False
Q3) Each state permits a debtor to retain the family home,in its entirety or in part,free from the claims of unsecured creditors.
A)True
B)False
Q4) In a repayment plan case,the plan must provide for payment of all obligations in full. A)True
B)False
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Chapter 13: Mortgages Foreclosures After the Recession
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Sample Questions
Q1) Money Mortgage Mart makes a short-term loan to Natalie to allow her to make a down payment on a new home before selling her current home.This is
A)a bridge loan
B)a home equity loan.
C)an equitable right of redemption.
D)a violation of federal law.
Q2) The average prime offer rate is the rate offered to the least qualified borrowers as established by a survey of potential borrowers.
A)True
B)False
Q3) Federal law encourages private lenders to modify mortgages so as to lower the monthly payments of borrowers who are in default.
A)True
B)False
Q4) A mortgage must be in writing to comply with the Statute of Frauds.
A)True
B)False
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Chapter 14: Small Business Organizations
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Sample Questions
Q1) Jody owns KuppaJava Kiosks,a sole proprietorship.Jody's liability is
A)limited by state statute and varies from state to state.
B)limited to the extent of capital expenditures.
C)limited to the extent of his or her original investment.
D)unlimited.
Q2) Carl sells Direct Marketing Enterprises,a sole proprietorship,to Eve.This is a transfer of A)a license.
B)a trade name.
C)the formula to make a product.
D)the ownership of the business.
Q3) Cecilia's Day Spa,LLC,is a member-managed limited liability company.If the law in Cecilia's state is like the law in most states,unless the members have agreed otherwise,voting rights are apportioned according to A)capital contributions.
B)participation in management.
C)the number of members.
D)transactions with the firm.
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Chapter 14: A: Landmark in the Legal Environment:
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Sample Questions
Q1) First Editions,Inc.,a book dealer based in Texas,does business in all fifty states exclusively online.According to a decision of the United States Supreme Court,for an individual state to compel an out-of-state business to collect and remit state taxes,the business must have in that state
A)a substantial physical presence.
B)a potential marketing base.
C)an accessible Web site.
D)a party paid to solicit business for its products.
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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19
Chapter 15: Corporations
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Sample Questions
Q1) Express powers of a corporation are found in its articles of incorporation. A)True
B)False
Q2) Bret and Courtney form Delite Day Care,Inc.Ultimate responsibility for policy decisions necessary to the management of corporate affairs rests with Delite's A)board of directors.
B)incorporators.
C)officers.
D)shareholders.
Q3) A director or officer is not liable to the corporation for a bad business decision. A)True
B)False
Q4) Reba is a director of Quantum Mechanix Corporation.Reba's rights,as a director,do not include a right to A)indemnification. B)inspection.
C)participation.
D)self-dealing.
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Chapter 16: Agency
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Sample Questions
Q1) An agency relationship can be formed without consideration.
A)True
B)False
Q2) Frida hires Gert,a real estate broker,to act as her agent to sell her house.The house burns down before being sold.The agency agreement is likely
A)still in force if Frida gives Gert additional consideration.
B)still in force if Gert does not tell prospective customers.
C)terminated by mutual consent of the parties.
D)terminated by operation of law.
Q3) A principal is liable for harm caused to a third party by an agent who commits a tort while acting in the scope of his or her employment.
A)True
B)False
Q4) An independent contractor's physical conduct is controlled,or subject to control,by his or her employer.
A)True
B)False
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Chapter 17: Employment,immigration,and Labor Law
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Sample Questions
Q1) Myron is an employee of Nero.Either party can terminate the employment relationship at any time for any reason without liability.With respect to the employment-at-will doctrine,this is
A)an example of the doctrine.
B)an exception based on contract theory.
C)an exception based on public policy.
D)an exception based on tort theory.
Q2) Detail Designs Company,an architectural firm,wants to hire Eduardo,a noncitizen.A temporary work visa is most likely to be set aside for a noncitizen who is
A)a "person of ethnic similarity to the employer's workforce."
B)a "person of extraordinary ability."
C)a "person of ordinary ability and ambition."
D)a "person with an extraordinary work ethic."
Q3) Federal labor law protects employees' right to strike.
A)True
B)False
Q4) Non-workers do not have a right to picket an employer during a strike.
A)True
B)False
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Chapter 18: Employment Discrimination
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Sample Questions
Q1) An employer who discovers an employee's misconduct after discharging the employee may have a good defense to an employment discrimination suit.
A)True
B)False
Q2) Refer to Fact Pattern 18-4.To successfully defend against Beth's claim,COC will have to show that
A)Beth consistently failed to meet the essential requirements of her job.
B)COC cannot make changes to the doors without undue hardship.
C)Dian is qualified for Beth's position.
D)the doors were not installed as an act of intentional discrimination.
Q3) Refer to Fact Pattern 18-2.Kit's conduct is most likely a violation of A)no law.
B)the Age Discrimination in Employment Act.
C)the Americans with Disabilities Act.
D)Title VII of the Civil Rights Act.
Q4) Under the Americans with Disabilities Act of 1990,a person with a mental impairment that "substantially limits" everyday activities is not disabled.
A)True
B)False
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Chapter 19: Powers and Functions of Administrative Agencies
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Sample Questions
Q1) State regulation,when not preempted,may cover many of the same activities as federal regulation.
A)True
B)False
Q2) Truck Transport Company is subject to a decision by the National Labor Relations Board.Truck Transport appeals the decision,arguing that it is arbitrary and capricious.This could mean that the decision
A)followed a consideration of legally appropriate factors.
B)justifiably changed the agency's prior policy.
C)was accompanied by a rational explanation.
D)was plainly contrary to the evidence.
Q3) Federal agencies must consider ways to reduce the economic impact of new regulations on small businesses.
A)True
B)False
Q4) Unlike those who violate statutes,violators of agency rules are not punished. A)True
B)False
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Chapter 20: Consumer Protection
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Sample Questions
Q1) Furniture Depot sells Gail a bedroom suite on credit.Gail fails to make the scheduled payments for six months.Furniture Depot sends her a letter,asking for immediate payment.This is a violation of
A)no federal law.
B)the Fair and Accurate Credit Transactions Act.
C)the Fair Debt Collection Practices Act.
D)the Truth-in-Lending Act.
Q2) Federal laws often provide more sweeping and significant protections for the consumer than state laws.
A)True
B)False
Q3) Food labels are not required to provide standard nutrition facts.
A)True B)False
Q4) Creditors attempting to collect debts are generally considered to be debt-collection agencies.
A)True
B)False
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Chapter 21: Protecting the Environment
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Sample Questions
Q1) Video Products Company operates a DVD manufacturing plant on Wandering River.Discharging pollutants from the plant into the river can result in
A)civil penalties and criminal penalties.
B)civil penalties only.
C)criminal penalties only.
D)no penalties.
Q2) The operations of Metal Refining Industries,Inc.,are major sources of air pollution.These operations must use
A)the absolutely cleanest air technology.
B)the best available filter technology.
C)the maximum achievable control technology.
D)the most affordable scrubbing technology.
Q3) Verna makes a living by commercial fishing in a river allegedly polluted by Wall Paint Company.To bring a suit against Wall Paint on the ground of private nuisance,Verna must allege that she suffers from
A)a distinct harm separate from that affecting the general public.
B)a lesser harm than an injunction would impose on Wall Paint.
C)Wall Paint's failure to use reasonable care to avert herm to Verna.
D)the same harm as that affecting the general public.
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Page 26
Chapter 22: Real Property and Land-Use Control
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Sample Questions
Q1) Consumer Shops,Inc.,signs a lease for a storefront owned by Downtown Building Company.Unlike a purchaser of real property,Consumer Shops
A)acquires only temporary possession of the premises.
B)enjoys exclusive possession of the premises.
C)holds only temporary title to the premises.
D)retains temporary,exclusive possession and title to the premises.
Q2) Sunny City wants to acquire undeveloped land within the city limits to convert into a public park.Sunny City brings a judicial proceeding to obtain title to the land.This is an exercise of
A)eminent domain.
B)a constructive eviction.
C)a restrictive covenant.
D)zoning power.
Q3) With respect to Egor's land,Fig has an easement,Gabe has a profit,and Huck has a license.A right to possess the land is owned by
A)Egor,Fig,and Gabe only.
B)Egor and Gabe only.
C)Egor only.
D)Fig,Gabe,and Huck only.
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Page 27
Chapter 23: Antitrust Law and Promoting Competition
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Sample Questions
Q1) Lightning Cycles,Inc.,makes Lightning-brand motorcycles and accessories,which are distributed to authorized dealers,including Macho Motors,Inc.Macho operates dealerships in several locations.Lightning imposes territorial restrictions on Macho to insulate other dealers from direct competition.This is
A)a horizontal restraint.
B)a lateral restraint.
C)a vertical restraint.
D)not a restraint.
Q2) A group boycott against a supplier for political reasons can be legal.
A)True
B)False
Q3) Size alone determines whether a firm is a monopoly.
A)True
B)False
Q4) To violate antitrust law,an activity must involve two or more persons.
A)True
B)False
Q5) The possession of monopoly power constitutes the offense of monopolization.
A)True
B)False
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Chapter 24: Investor Protection and Corporate Governance
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Sample Questions
Q1) Refer to Fact Pattern 24-2.Regarding Sid's profits on the purchase and sale of Tech stock,under Section 16(b)of the Securities Exchange Act of 1934 Tech may recapture
A)all of Sid's profits.
B)half of Sid's profits.
C)10 percent of Sid's profits.
D)none of Sid's profits.
Q2) The Securities Exchange Act of 1934 provides for continuous,periodic disclosures by publicly held corporations.
A)True
B)False
Q3) Generally,states have antifraud patterned after federal securities law.
A)True
B)False
Q4) Securities of charitable organizations are exempt from the registration requirement of the 1933 Securities Act.
A)True
B)False
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