Ethics in Business Exam Materials
Course Introduction
Ethics in Business explores the fundamental principles and challenges of ethical conduct within the modern business environment. The course examines key ethical theories, moral frameworks, and codes of conduct as they apply to real-world business dilemmas. Students will analyze topics such as corporate social responsibility, stakeholder management, ethical decision-making, sustainability, and the impact of globalization on business ethics. Through case studies and interactive discussions, this course equips students with the tools to recognize, evaluate, and resolve ethical issues in the workplace, fostering integrity and responsible leadership in their professional careers.
Recommended Textbook
Business Its Legal Ethical and Global Environment 11th Edition by Marianne M. Jennings
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20 Chapters
2727 Verified Questions
2727 Flashcards
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Chapter 1: Introduction to Law
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120 Verified Questions
120 Flashcards
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Sample Questions
Q1) During 2003,the White House asked its legal counsel for an interpretation of what constitutes torture of prisoners of war and who is considered a prisoner of war.What sources of law will the legal counsel need to consult?
A)federal statutes
B)international treaties
C)ordinances
D)both a and b
Answer: D
Q2) Terms of a consulting contract are an example of private law.
A)True
B)False
Answer: True
Q3) A personnel manual is an example of private law.
A)True
B)False
Answer: True
Q4) Ordinances are generally found in state legislative codes.
A)True
B)False
Answer: False
Page 3
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Chapter 2: Business Ethics and Social Responsibility
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131 Verified Questions
131 Flashcards
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Sample Questions
Q1) Invisible hand managers do not become involved in social issues.
A)True
B)False
Answer: True
Q2) Discuss some similarities of the countries listed as the most corrupt in the 2015 Corruption Perceptions Index.
Answer: The top 5 countries listed are Somalia,Korea (North),Afghanistan,Sudan,and South Sudan.There is a strong correlation between perceived unethical behavior and the lack of economic development in a country.
Q3) Conflicts of interest can result in the use of quid pro quo.
A)True
B)False
Answer: True
Q4) Rationalization is one form of ethical analysis.
A)True
B)False
Answer: False
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Chapter 3: The Judicial System
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137 Verified Questions
137 Flashcards
Source URL: https://quizplus.com/quiz/14874
Sample Questions
Q1) Janice Dean works as an internal auditor at Xeon Corporation.The head of internal audit asked Janice to substitute some revenue figures in her latest financial statements for Xeon's fourth quarter.Janice is not sure where the numbers came from or that they are accurate."What choice do I have?",Janice told her husband,"He is my boss." Janice made the changes and the SEC is now investigating Xeon for overstating its revenues.Xeon's legal counsel has asked to meet with Janice.Which of the following is true?
A)Janice's statements to Xeon's legal counsel are protected by the lawyer-client privilege.
B)Janice's statements to Xeon's legal counsel are not protected by the lawyer-client privilege.
C)Janice is represented by Xeon's legal counsel.
D)both a and c
Answer: B
Q2) Which is \(\underline{\text{not}}\) part of the National Reporter System?
A)Federal Supplement
B)Pacific Reporter
C)State supreme court decisions
D)both a and c
Answer: A
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Page 5
Chapter 4: Managing Disputes: Alternative Dispute
Resolution and Litigation Strategies
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148 Verified Questions
148 Flashcards
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Sample Questions
Q1) Sanctions for discovery abuse:
A)are payments or a type of fine or penalty for not disclosing evidence.
B)are unconstitutional.
C)cannot include cash payments.
D)none of the above
Q2) ______ is replacing ______ as the preferred method of business dispute resolution.
A)Litigation; arbitration
B)Arbitration; mediation
C)Mediation; arbitration
D)Litigation; mediation
Q3) Peremptory challenges:
A)are challenges for cause.
B)are generally limited in each case.
C)require specific reasons for use.
D)require proof of bias or prejudice of the juror.
E)none of the above
Q4) A mini-trial is a public method of dispute resolution.
A)True
B)False
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Chapter 5: Business and the Constitution
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124 Verified Questions
124 Flashcards
Source URL: https://quizplus.com/quiz/14876
Sample Questions
Q1) Requiring farmers shipping goods from outside the state to use only in-state companies for transportation is not a proper exercise of the police power.
A)True
B)False
Q2) Which justice was seen on camera disagreeing with President Obama during his State of the Union address in 2009?
A)Justice Roberts
B)Justice Scalia
C)Justice Alito
D)Justice Thomas
Q3) Jane Stevenson was removed as head cheerleader from her high school cheer squad because she violated one of the school rules by drinking alcohol on the team bus as the team and cheer squad traveled to an away game.Jane feels she has an explanation and defense for what happened.Which of the Constitution might provide her with a review of her dismissal as head cheerleader?
A)States rights
B)Substantive due process
C)First Amendment
D)Procedural due process
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Page 7
Chapter 6: Administrative Law
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139 Verified Questions
139 Flashcards
Source URL: https://quizplus.com/quiz/14877
Sample Questions
Q1) Licensing and inspection are the only enforcement tools of administrative agencies.
A)True
B)False
Q2) Name the three government publications covered under the Federal Register Act.
Q3) The Federal Register Act is:
A)not part of the Administrative Procedures Act.
B)an act that provides for publication of the United States Code.
C)the same as the Regulatory Flexibility Act.
D)the act that covers the registration of meetings.
Q4) The Federal Register Act is part of the Administrative Procedures Act.
A)True
B)False
Q5) What is an ultra vires act?
Q6) The Government in the Sunshine Act applies to all federal administrative agencies. A)True
B)False
Q7) Discuss what made Earl Devaney such an ethical standout in the federal government.
Page 8
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Chapter 7: International Law
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97 Verified Questions
97 Flashcards
Source URL: https://quizplus.com/quiz/14878
Sample Questions
Q1) The Hague Proceedings:
A)allow for MFN exceptions.
B)permit expropriation of profits.
C)govern the disclosure of financial information by foreign banks.
D)allow the U.S.to seize bank accounts in foreign countries without going to court ifmoney laundering is suspected.
Q2) The Kyoto Treaty has now been ratified by all signatory countries.
A)True
B)False
Q3) Forum non conveniens:
A)is a principle of U.S.justice.
B)is a principle of jurisdiction.
C)can require a case to be sent out of the U.S. D)all of the above
Q4) The Foreign Corrupt Practices Act does not apply to U.S.citizens when they are working in other countries.
A)True
B)False
Q5) Why are pirates so difficult to prosecute?
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Chapter 8: Business Crime
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119 Verified Questions
119 Flashcards
Source URL: https://quizplus.com/quiz/14879
Sample Questions
Q1) In punishments for corporate criminal cases,shame punishment is increasing.
A)True
B)False
Q2) A preliminary hearing requires that the defendant take the stand.
A)True
B)False
Q3) The exceptions for obtaining warrants include evidence in "plain view."
A)True
B)False
Q4) "Taking the Fifth" means:
A)refusing to allow a search of your office.
B)refusing to turn over corporate documents.
C)refusing to testify to prevent self-incrimination.
D)demanding a search warrant.
Q5) Which of the following laws require businesses to report cash transactions involving $10,000 or more?
A)Bank Secrecy Act
B)USA Patriot Act
C)Money Laundering Control Act
D)all of the above
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Chapter 9: Business Torts
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136 Verified Questions
136 Flashcards
Source URL: https://quizplus.com/quiz/14880
Sample Questions
Q1) Shirley Raphart was using the crosswalk on a street near her office.The light was red,but Shirley stepped in to the crosswalk anyway because she was texting.Janice Godfrey,who was driving her car in the other direction,had a green light and did not see Shirley because she also was texting.Janice struck and injured Shirley,who was hospitalized.Shirley brought suit against Janice.Which of the following statements is true?
A)Neither one can recover because they both breached their duties regarding safety. B)Shirley can recover for Janice's breach of duty because pedestrians always win over vehicles.
C)Shirley has a defense of contributory negligence.
D)Janice has a defense of contributory negligence.
Q2) Businesses are not liable for accidents caused by the behaviors and actions of their customers.
A)True
B)False
Q3) Malice is a required element in all defamation cases.
A)True
B)False
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Chapter 10: Environmental Regulation and Sustainability
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119 Verified Questions
119 Flashcards
Source URL: https://quizplus.com/quiz/14881
Sample Questions
Q1) A self-audit will increase EPA penalties for a company that conducts it.
A)True
B)False
Q2) An EIS is filed with the:
A)Council on Environmental Quality.
B)NPDES.
C)EPA.
D)none of the above
Q3) A homeowner is plagued with smells and dirt from a nearby factory.Suggest appropriate remedies.
Q4) Explain whether each of the following would require an EIS and why.
a.The creation of a heliport in a national park.
b.The construction of a new central post office clearing facility.
c.The placement of a federal research laboratory at the top of a mountain.
Q5) What is the process of evaluating property prior to purchase called?
A)An EIS
B)Due diligence
C)Nuisance abatement
D)BAT or MACT
Q6) What environmental issues exist for a developer?
Page 12
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Chapter 11: Contracts and Sales: Introduction and Formation
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157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/14882
Sample Questions
Q1) A price list would be an offer.
A)True
B)False
Q2) Christiansen Motors ran an ad in the Saturday newspaper with the following language,"The first 10 customers who come to the dealership and purchase a car will get 0% financing for 4 years on any car." Greta Jones went to Christiansen's show room to buy a car with 0% financing,but Christiansen refused to sell a car at 0% financing because it had already sold 10 cars before Greta arrived.Which of the following is correct?
A)Christiansen must sell a car to Greta at 0% financing because it ran an ad promising to do so.
B)Christiansen needed to be more careful in its language and put a time limit on the offer or sell a car to Greta for the promised rate.
C)Christiansen made an offer with its newspaper ad.
D)Christiansen did not make an offer and was not obligated to sell the first 10 cars.
E)Christiansen need not sell a car to Greta for the rate in the ad.
Q3) What additional disclosures must be made in credit transactions in which the debtor's home will serve as security for the loan?
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Chapter 12: Contracts and Sales:
Performance,Remedies,and Collection
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156 Verified Questions
156 Flashcards
Source URL: https://quizplus.com/quiz/14883
Sample Questions
Q1) Clothing For Accountants is a popular retail store owned by I.M.Material.Material has just sold the business to Phil Forma.Phil has asked that a covenant not to compete be inserted into the agreement.Such covenants are:
A)void as against public policy.
B)only valid in employment contracts.
C)valid if reasonable in time and geographic scope.
D)none of the above
Q2) Incidental damages are the costs of being compensated and are nonrecoverable. A)True B)False
Q3) In order to recover damages under the Fair Credit Billing Act,the debtor must:
A)make a written objection.
B)file a complaint with the Federal Reserve Board.
C)notify the creditor of the error within 30 days of receiving the bill.
D)all of the above
Q4) The contracts of a person who has been declared legally incompetent are void. A)True B)False
Page 14
Q5) Explain the purpose of a force majeure clause.
Q6) List what cannot be disclosed in a credit report for a $2,000 loan.
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Page 15
Chapter 13: Product Advertising and Liability
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144 Verified Questions
144 Flashcards
Source URL: https://quizplus.com/quiz/14884
Sample Questions
Q1) In comparative advertising,a company cannot be held liable for misrepresentations regarding products other than its own.
A)True
B)False
Q2) Bait and switch:
A)is a sales tactic of advertising a cheaper product in order to get a customer in to buy a more expensive product.
B)is not based on ad content.
C)is not regulated by the FTc.
D)none of the above
Q3) The foreign/natural test for food items is different from the liability issues under the reasonable expectation test.
A)True
B)False
Q4) Which of the following is not an express warranty?
A)"These shelves hold up to 300 lbs.each."
B)"This fingerpaint will wash out of clothes with just soap and water."
C)"This sweater is made of the finest materials."
D)All of the above are express warranties.
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Chapter 14: Business Competition: Antitrust
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157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/14885
Sample Questions
Q1) Exclusive dealing contracts are per se violations.
A)True
B)False
Q2) Exclusive distributorships are per se antitrust violations.
A)True
B)False
Q3) Maximum price requirements:
A)do not constitute antitrust violations because of the benefits to consumers.
B)only affect the amount sold and not the competition; and there is no antitrust violation.
C)constitute resale price maintenance.
D)none of the above
Q4) A tying arrangement requires the seller to have market power in the tying product.
A)True
B)False
Q5) Zenith Radio and other American TV manufacturers brought suit against Japanese TV manufacturers for charging artificially low prices in the United States.Can the Japanese manufacturers be sued in the United States?
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Chapter 15: Business and Intellectual Property Law
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105 Verified Questions
105 Flashcards
Source URL: https://quizplus.com/quiz/14886
Sample Questions
Q1) The only remedy available for patent infringement is damages.
A)True
B)False
Q2) Forty-nine states have adopted the Uniform Trade Secrets Act.
A)True
B)False
Q3) _____ is a tort that protects a business whose trade secrets are taken without authorization.
A)Palming off
B)Misappropriation
C)Embezzlement
D)Larceny
Q4) The Industrial Espionage Act applies to all company information taken without permission.
A)True
B)False
Q5) Trademark registration in the United States is good only in the United States.
A)True
B)False
Q6) Discuss the potential penalties under the Industrial Espionage Act.
Page 18
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Chapter 16: Management of Employee Conduct: Agency
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132 Verified Questions
132 Flashcards
Source URL: https://quizplus.com/quiz/14887
Sample Questions
Q1) Which of the following is not a factor in determining whether an agent is a servant or independent contractor?
A)level of supervision
B)whether the agent has his or her own office
C)whether the agent has a college degree
D)whether the agent has more than one client
E)All of the above are not factors.
Q2) Discuss why the peer review procedure is successful in some companies.
Q3) Agents in undisclosed principal situations never have personal liability.
A)True
B)False
Q4) In a master-servant relationship,the principal most likely will need to do which of the following?
A)Withhold income taxes for the agent
B)Pay FICA for the agent
C)Pay FUTA for the agent
D)All of these
Q5) An agency at will is a relationship in which there is no definite ending date.
A)True
B)False
19
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Chapter 17: Governance and Structure: Forms of Doing Business
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154 Verified Questions
154 Flashcards
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Sample Questions
Q1) A partnership must file a separate tax return and pay taxes on its income.
A)True
B)False
Q2) Sharing of profits is prima facie evidence that a partnership exists.
A)True
B)False
Q3) Boards cannot rely on outside experts in decision making.
A)True
B)False
Q4) A corporation is said to have double taxation.What is meant by this statement?
A)The corporation pays double the tax rate of individuals.
B)The corporation pays taxes on its income and its shareholders pay taxes on their dividends from the corporation.
C)both a and b
D)none of the above
Q5) Under Sarbanes-Oxley,loans to corporate officers are prohibited.
A)True
B)False
Q7) Discuss CEO concerns regarding CEO compensation. Page 20
Q6) Discuss investors' concerns regarding CEO compensation.
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Page 21
Chapter 18: Governance and Regulation: Securities Law
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170 Verified Questions
170 Flashcards
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Sample Questions
Q1) Under Sarbanes-Oxley,how often must the audit partner in charge of an audit client be rotated?
A)every year
B)every two years
C)every five years
D)There is no rotation requirement.
Q2) The crowd funding provisions of Dodd-Frank allow the use of the Internet by businesses to raise money from nonaccredited investors without registration.
A)True
B)False
Q3) Shares of stock issued pursuant to a corporate reorganization must be registered.
A)True
B)False
Q4) Describe shareholders' rights under Section 14.
Q5) Regulation A short-form exemptions cannot involve those who have had previous securities laws violations.
A)True
B)False
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Chapter 19: Management of Employee Welfare
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154 Verified Questions
154 Flashcards
Source URL: https://quizplus.com/quiz/14890
Sample Questions
Q1) Stephen H.Grabowski sustained injuries when his fellow employees,William Mangler,David Smith,and Joseph Ziemba,detained Grabowski in a bathroom,brought him to the ground,and wrapped him,from ankles to shoulders,in duct tape.Grabowski suffered both physical injuries,which required surgery on his lower back and right knee,and post-traumatic stress,which required counseling.Grabowski has since received over $300,000 in workers' compensation for his injuries.He has brought suit against the three men to recover for the damages he has experienced beyond what worker's compensation covered.Which of the following is correct?
A)There can be no recovery from third parties when there is a worker's compensation claim.
B)There can be no recovery for horseplay in the workplace, even under worker's compensation.
C)If there is recovery, Grabowski must first reimburse the worker's compensation fund for payments received to date.
D)There is no third-party liability in workplace injuries, regardless of how they occurred.
Q2) The use of company e-mail by union organizers remains an unresolved issue.
A)True
B)False
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Page 23
Chapter 20: Management: Employment Discrimination
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127 Verified Questions
127 Flashcards
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Sample Questions
Q1) Which of the following employers are obligated to undertake affirmative action?
A)those employers who have been subject to a consent decree or court order for past charges
B)colleges and universities that receive federal funds
C)government contractors
D)all of the above
Q2) Seniority and merit systems are void under Title VII.
A)True
B)False
Q3) The only employers required to have affirmative action plans are government agencies.
A)True
B)False
Q4) The Equal Employment Opportunity Act and the Pregnancy Discrimination Act are amendments to Title VII.
A)True
B)False
Q5) All employers are covered under Title VII.
A)True
B)False
Page 24
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