Business 005 - Business Law I » Winter 2021 » Chapter 5 Homework

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Question #1
Ethics focuses on the way in which moral principles apply in daily life.
A.   TRUE
B.   FALSE
Question #2
Business ethics is consistent only with short-run profit maximization.
A.   FALSE
B.   TRUE
Question #3
Managers must apply different standards to themselves than they apply to their employees.
A.   TRUE
B.   FALSE
Question #4
Setting realistic workplace goals can reduce the probability that employees will act unethically.
A.   TRUE
B.   FALSE
Question #5
To act ethically is to think narrowly about what is best in the short run for one's employer.
A.   TRUE
B.   FALSE
Question #6
In making decisions for United Merchandising Company, Viv uses a cost-benefit analysis. This is part of
A.   duty-based ethics.
B.   Kantian ethics.
C.   utilitarianism.
D.   the principle of rights.
Question #7
Harry, a vice-president of International Pharmaceuticals, Inc., does not apply utilitarianism to business ethical issues. One problem with utilitarianism is that it
A.   tends to justify human costs that many find unacceptable.
B.   ignores the practical costs of a given set of circumstances.
C.   gives business profits priority over production costs.
D.   requires complex cost-benefit analyses of simple situations.
Question #8
Any decision by the management of Standard Business Corporation may significantly affect its
A.   owners only.
B.   operators, owners, suppliers, the community, or society as a whole.
C.   operators only.
D.   suppliers, the community, or society as a whole only.
Question #9
Eagle Manufacturing Corporation could demonstrate a commitment to ethical behavior by
A.   making a profit only.
B.   complying with the law, establishing ethics codes, and making money.
C.   complying with the law only.
D.   implementing ethical programs only.
Question #10
Max lies to Nora, his spouse. This is
A.   neither illegal nor unethical only.
B.   illegal and unethical.
C.   unethical only.
D.   illegal only.
Question #11
Equity Capital Corporation provides other firms with funds to expand operations. Questions of what is ethical involve the extent to which Equity has
A.   a legal duty beyond those duties mandated by ethics.
B.   an ethical duty beyond those duties mandated by law.
C.   any duty when it is uncertain whether a legal duty exists.
D.   any duty beyond those mandated by both ethics and the law.
Question #12
In studying business law, Professor Smith's students also study ethics in a business context. Ethics is the study of what constitutes
A.   legal behavior.
B.   religious behavior.
C.   right or wrong behavior.
D.   financially rewarding behavior.
Question #13
Mina works in the public relations department of National Sales Company. Her job includes portraying National's activities in their best light. In this context, ethics consist of
A.   a different set of principles from those that apply to other activities.
B.   whatever saves National's "face."
C.   those principles that produce the most favorable financial outcome.
D.   the same moral principles that apply to non-business activities.
Question #14
In making business decisions, Brian, personnel manager for Conservative Investments, Inc., applies his belief that all persons have fundamental rights. This is
A.   utilitarianism.
B.   the principle of rights.
C.   a religious rule.
D.   the categorical imperative.
Question #15
Energy Research Corporation asks its employees to consider ethical behavior from a "categorical imperative" perspective. This approach
A.   imposes sanctions on those who behave unethically.
B.   categorizes certain actions as imperative.
C.   considers the consequences to follow if everyone acted the same.
D.   focuses on categories of rights and privileges.
Question #16
Bob, research manager for Corn Products, Inc., applies utilitarian ethics to determine that an action is morally correct when it produces
A.   the greatest good for the most people.
B.   the least good for the most people.
C.   the greatest good for Bob.
D.   the least good for the fewest people.
Question #17
Steele Tool Company's decision makers view a particular risk in the use of Steele's product as open and obvious. Continuing to market the product without telling consumers of the risk could be justified from a perspective of
A.   duty-based ethics.
B.   utilitarian ethics.
C.   Kantian ethics.
D.   rights-based ethics.
Question #18
Housemate, Inc., makes and sells a variety of household products. With a fair amount of certainty, Housemate's decision makers can predict whether a given business action would be legal in
A.   no situations.
B.   practically no situations.
C.   all situations.
D.   many situations.
Question #19
Eve, the chief executive officer of Federated Corporation (FC), wants to ensure that FC's activities are legal and ethical. The best course of Eve and FC is to act in
A.   regard for the firm's shareholders only.
B.   good faith.
C.   ignorance of the law.
D.   their own self interest.
Question #20
Make-It Construction Corporation makes a side payment to a government official in Nigeria to obtain a contract. In the United States, this is
A.   illegal and unethical.
B.   illegal only.
C.   unethical only.
D.   neither illegal nor unethical.

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