Legal and Ethical Environment of Business Solved Exam Questions
Course Introduction
This course provides an in-depth exploration of the legal and ethical frameworks that shape the business environment. Students will examine fundamental legal principles, including contracts, torts, regulatory compliance, and intellectual property, as well as ethical theories and their application in business decision-making. The course emphasizes recognizing and addressing legal risks, understanding the impact of laws on business operations, and analyzing ethical dilemmas in various business contexts. Through case studies and practical examples, students will develop critical thinking skills necessary to navigate the complex legal and ethical challenges that businesses face in today's global marketplace.
Recommended Textbook
Business Ethics A Textbook with Cases 9th Edition by William H. Shaw
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11 Chapters
700 Verified Questions
700 Flashcards
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Chapter 1: The Nature of Morality
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/32844
Sample Questions
Q1) 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.
Q2) An organization is a group of people working together to achieve a common purpose.
A)True
B)False
Answer: True
Q3) If an argument is valid,then
A)the argument is sound.
B)the argument's conclusion must be true.
C)the argument's premises are true.
D)its conclusion must be true,if its premises are.
Answer: D
Q4) Which of the following is NOT one of the four broad categories of law?
A)statutes
B)constitutional law
C)common law
D)contractual law
Answer: D
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Chapter 2: Normative Theories of Ethics
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) According to Adam Smith,if business is left to pursue its self-interest,the good of society will be compromised and harmed.
A)True
B)False
Answer: False
Q2) According to the text,psychological egoism
A)is derived from alleged fact that human beings are by nature selfish creatures.
B)is the same principle of morality as ethical egoism.
C)is the view that the best way to promote our own self-interest is to sometimes be selfish.
D)is based on hedonism.
Answer: A
Q3) One feature about utilitarianism that makes it appealing as a standard for moral decisions in business and nonbusiness organizations is that it provides a clear and straightforward basis for formulating and testing policies.
A)True
B)False
Answer: True
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4
Chapter 3: Justice and Economic Distribution
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) Nozick's libertarian theory proposes
A)libertarians endorse utilitarianism's concern for total social well-being.
B)pleasure takes priority over any other moral concern.
C)libertarians generally agree that liberty allows only a "night-watchman" state.
D)if a person comes into possession of a holding through a legitimate transfer,then,morally speaking,she or he deserves that holding.
Answer: C
Q2) The difference principle of Rawls includes
A)we are all created equal.
B)individuals are justified by working for the benefit of the least advantaged.
C)we all deserve the same.
D)some do deserve more than others.
Answer: B
Q3) Bottling water in Michigan,according to "Battling over Bottled Water",is problematic in part due to the question of what should be considered "reasonable use" of water.
A)True
B)False
Answer: True
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Chapter 4: The Nature of Capitalism
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) A basic tenet of capitalism is that
A)property refers only to physical objects.
B)ownership is a simple relationship between a person and the thing owned.
C)capitalism requires private ownership of the major means of production.
D)in the 21st century,capitalism no longer requires capital.
Q2) One of the four key features of capitalism is
A)favoritism.
B)cooperation.
C)inequality.
D)private property.
Q3) Why do some critics of competition believe that it isn't all that it's cracked up to be?
Q4) In contrast to traditional manufacturers,many companies have become hollow corporations who
A)increase their manufacturing operations in the U.S.
B)prefer their own production base and not a network of small operators both foreign and domestic.
C)make nearly all crucial parts.
D)outsource and likely produce only the package and the label .
Q5) What reason is there for thinking that American manufacturing is declining?
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Chapter 5: Corporations
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/32848
Sample Questions
Q1) According to John Kenneth Galbraith,business's social role is purely economic and corporations should not be considered moral agents.
A)True
B)False
Q2) Adam Smith proposed that in our pursuit of economic interests we are led by
A)our gut instincts.
B)an invisible hand to promote general good.
C)the trends of the economy.
D)the moral compass within each of us.
Q3) 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
Q4) The business-can't-handle-it argument is an argument in favor of a broad view of corporate responsibility.
A)True
B)False
Q5) What is the problem of "vanishing individual responsibility"?
Q6) Briefly sketch the evolution of corporations.
Page 7
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Chapter 6: Consumers
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Sample Questions
Q1) What would the world be without advertising?  Would companies be able to maintain sales or would they go under because of lack of business without advertising?  What role would "word of mouth" have if there were no advertising?
Q2) Critics of advertising contend that
A)advertising rarely gives consumers much useful information. B)brand loyalty increases price competition.
C)restrictions on advertising violate the moral rights of advertisers. D)advertising can only influence us if we want it to.
Q3) The media with the greatest advertising influence over children is A)radio.
B)television.
C)Internet.
D)magazines.
Q4) Anti-paternalism gains plausibility from the view that individuals know their own interests better than anyone else and that they are fully informed and able to advance those interests.
A)True
B)False
Q5) Give an example of deceptive ambiguity in advertising.
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Chapter 7: The Environment
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/32850
Sample Questions
Q1) The word "ecology" refers to the science of the interrelationships among organisms and their environment.
A)True
B)False
Q2) Which of the following is a drawback to the regulatory approach?
A)regulation can take away an industry's incentive to do more than the minimum B)regulation is an incentive to an industry to do more than the minimum C)regulation does not apply to all equally
D)does not require polluters to use the strongest most feasible means of pollution control.
Q3) Briefly describe the two popular answers to the question of who should pay the costs of environmental protections and restorations.
Q4) Cost-benefit analysis is a device used to determine whether it's worthwhile to incur a particular cost.
A)True
B)False
Q5) Is it a moral right or privilege for human beings to live in a clean environment?  Defend your answer.
Q6) What's an "externality"? Give an environmental example of an externality.
Page 9
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Chapter 8: The Workplace 1: Basic Issues
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) One of the seven factors given to help minimize the chances of setting unfair wages and salaries is that
A)If wages conform with the law,they are fair wages.
B)A fair wage is whatever an employee is willing to accept.
C)An employer's financial capabilities affect what constitutes a fair wage scale for that employer's employees.
D)Avoiding the prevailing wage in the industry and community wage level.
Q2) A workplace environment in which employees are treated fairly and their inherent dignity respected is compatible with a firm's business goals.
A)True
B)False
Q3) Conscious and unconscious biases and stereotypes are as the English philosopher Francis Bacon (1561-1626)called
A)"plagues of interviewing."
B)"idols of the mind."
C)"the best tools."
D)"mind benders."
Q4) Explain the differences between the principles of "just cause" and  "due process."
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Page 10
Chapter 9: The Workplace 2: Todays Challenges
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Sample Questions
Q1) The key purpose of quality of work life (QWL)programs is to involve workers more fully in the production process by seeking their ideas.
A)True
B)False
Q2) There is a general consensus among philosophers and lawyers about how to define the right to privacy.
A)True
B)False
Q3) Any drug-testing program,assuming it is warranted,must be careful to respect the dignity and rights of the persons to be tested.
A)True
B)False
Q4) In 1928,U.S.Supreme Court Judge Louis D.Brandeis described the right to privacy,or "the right to be left alone," as "the right most valued by men."
A)True
B)False
Q5) Explain one of the criticisms of personality tests in the workplace.
Q6) Do workplace accidents "just happen"?
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Chapter 10: Moral Choices Facing Employees
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Sample Questions
Q1) According to Professor Norman Bowie,which of the following factors is primarily relevant to the motivation of whistle-blowers?
A)the whistle-blower's feelings of duty to obey the law.
B)belief that internal channels have been exhausted.
C)their whistle-blowing has some chance of success.
D)public interest morally outweighs loyalty to the organization.
Q2) What are the main features of the 1977 Foreign Corrupt Practices Act (FCPA)?
Q3) What is a conflict of interest,and when does it arise?
Q4) When an employee's interests are likely to interfere with the employee's ability to exercise proper judgment on behalf of the organization,what exists?
A)a golden opportunity
B)a conflict of interest
C)a balance of power
D)a disaster
Q5) The Supreme Court has rejected the idea that inside trading involves "misappropriating" confidential information.
A)True
B)False
Q6) What are the potential motivations of being a whistle-blower?
Page 12
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Chapter 11: Job Discrimination
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65 Verified Questions
65 Flashcards
Source URL: https://quizplus.com/quiz/32854
Sample Questions
Q1) In 1987,the Supreme Court affirmed,in the case of Johnson v.Transportation Agency,that
A)affirmative action is unconstitutional.
B)quotas based on considerations of race are unconstitutional.
C)considerations of sex are permissible as one factor in deciding whom to promote.
D)racially segregated schooling is unconstitutional.
Q2) How many sexual harassment complaints are filed with the EEOC or state and local authorities each year?
A)over 11,000
B)over 15,000
C)over 25,000
D)over 50,000
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 is some of the attitudinal evidence of job discrimination?
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