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Business Law Study G
Chapters 3-4
| Question | Answer |
|---|---|
| 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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