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Business Law Study G

Chapters 3-4

QuestionAnswer
Positive law: ​​is enacted by government authority.
​The importance of trust as a fundamental principle in capitalism is illustrated by expectations that: ​​investors will be able to earn a return on their investments.
​The Utilitarian Theory: ​​is based on doing the most good for the most people.
Which of the following is not a question business ethicist Laura Nash has developed to help businesspeople reach the right decision in ethical dilemmas?​ ​​Does your proposed solution to the problem effectively balance the competing objectives of ethical decision-making and corporate profitability?
​Voluntary improvements in value choices and business ethics are: ​​less costly and intrusive than those brought about by government regulation.
Despite the importance of ethical behavior for business success, few Fortune 500 companies have codes of ethics to resolve ethical dilemmas. False
​Entitlement theory says that everyone has rights but it is up to the government to protect those rights. True
​Moral standards based on positive law may allow businesses to conduct themselves unfairly so long as their actions are not illegal. True
​There is no evidence that commitment to ethical values is linked with financial performance of business organizations. False
Which of the following is not protected under the privileges and immunities clause? ​right to go to another state and vote in local elections
​Which of the following is not characteristic of the "living" Constitution? states' powers equal to federal powers
​Which of the following is true about administrative agencies? Administrative agencies make decisions that are rarely reviewed by the courts.
Which of the following statements regarding the commerce clause is FALSE? ​The commerce clause empowers Congress to regulate interstate commerce, but not commerce with foreign nations.
​In a living-document view, the U.S. Constitution is a document that: ​must be interpreted to accommodate both stability and flexibility.
​The "living-document" view of the Constitution has all of the following characteristics except: ​constructionist view of the Bill of Rights.
​Federal law __________ conflicting state regulation when a federal law regulates that particular subject. ​preempts
A(n)___________ is the power to adopt laws that protect the general welfare, health, safety, and morals of the people. State's police power
​Powers delegated to the national government that may be exercised by the states are referred to as ________. ​shared powers
​Ethical egoists such as Ayn Rand hold that: ​​people always act in their own self-interest.
​Immanuel Kant's categorical imperative theory: ​​requires that we avoid one-sided benefits as a result of ethical decisions.
​In applying the "front-page-of-the-newspaper" test to a contemplated course of conduct one should ask: ​Would I be willing to have my spouse, friends, and children read about this if it winds up on the front page of the newspaper?
​The Blanchard and Peale three-part test for resolving ethical dilemmas consists of the following questions: ​​Is it legal? Is it balanced? How does it make me feel?
​The ethical category of integrity and truthfulness is best expressed as maintaining one's values and principles: despite the consequences or costs.
​Ethical egoism believes that feeling guilty about poor ethical decisions will lead to better future decisions. False
​Ethical violations can cause lasting detriment to a company's ability to do business through impacts on the company's reputation. True
​In applying the stakeholder model of business ethics, only the interests of important constituencies affected by an action need to be satisfied, False
​Kant's theory understood that sometimes you have to use someone to achieve a one-sided benefit. False
​Moral relativists believe that ethical decisions will differ based on circumstances. True
​Over half of all Fortune 500 firms train their employees to recognize and deal with particular types of behavior that breach their ethical codes. True
​The final question of the Blanchard-Peale "Three Part Test", has to do with conscience. True
Created by: candace1234
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