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CLA1501 Commercial Law 1/Commercial Law - Test 1 |2024 latest |COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED SOLUTIONS | GET IT 100% ACCURATE!!

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CLA1501 Commercial Law 1/Commercial Law - Test 1 | 2024latest |COMPREHENSIVE MOST TESTED QUESTIONS AND VERIFIED SOLUTIONS | GET IT 100% ACCURATE!!

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  • October 29, 2024
  • 56
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cla1501 commercial law 1commercial law test 1

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  • 2024 update|CLA1501 Commercial Law 1
  • 2024 update|CLA1501 Commercial Law 1

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10/29/24, 7:11 PM 2024 update|CLA1501 Commercial Law 1/Commercial Law - Test 1 |2024-2025 latest |COMPREHENSIVE MOST TESTED Q…




2024 update|CLA1501 Commercial Law
1/Commercial Law - Test 1 |2024-2025 latest
|COMPREHENSIVE MOST TESTED QUESTIONS
AND VERIFIED SOLUTIONS | GET IT 100%
ACCURATE!!


Terms in this set (98)

What is ethics? B
a. always telling the truth
b. the study of how
people should behave
c. following the law
d. the rules by which you
live your life




https://quizlet.com/964130922/2024-updatecla1501-commercial-law-1commercial-law-test-1-2024-2025-latest-comprehensive-most-tested-quest… 1/56

,10/29/24, 7:11 PM 2024 update|CLA1501 Commercial Law 1/Commercial Law - Test 1 |2024-2025 latest |COMPREHENSIVE MOST TESTED Q…

Dahlia is in the process of C
developing her set of Life
Principles. She asks you
for your advice. What will
you tell Dahlia is
important for her to
follow when developing
her Life Principles?
a. The focus of her Life
Principles should reflect
what the law says is
"right" or "wrong."
b. It is better to develop
Life Principles that are
general in nature rather
than ones that are too
specific.
c. Her Life Principles
should be based on her
own values.
d. Her Life Principles
should be based on the
moral standards dictated
by society.

Which person argued D
that a corporate
manager's primary
responsibility is to the
shareholders of the
organization and that
managers should make
the company as
profitable as possible
while also complying
with the law?
a. John Rawls
b. John Stuart Mill
c. Immanuel Kant
d. Milton Friedman

https://quizlet.com/964130922/2024-updatecla1501-commercial-law-1commercial-law-test-1-2024-2025-latest-comprehensive-most-tested-quest… 2/56

,10/29/24, 7:11 PM 2024 update|CLA1501 Commercial Law 1/Commercial Law - Test 1 |2024-2025 latest |COMPREHENSIVE MOST TESTED Q…

John Johnson is a B
customer of company
ABC. As such, John is a(n)
a. shareholder.
b. customer and
stakeholder.
c. customer only.
d. stakeholder only.

Which of the following is A
NOT a stakeholder?
a. a business competitor
b. shareholders
c. employees
d. customers

Which of the following D
statements best
exemplifies how society
as a whole benefits from
ethical behavior?
a. Consumers are willing
to pay more for a
product they believe to
be ethically produced.
b. People feel better
when they behave
ethically.
c. Unethical behavior can
be very costly.
d. Ethical behavior builds
trust which is important in
all of our relationships.




https://quizlet.com/964130922/2024-updatecla1501-commercial-law-1commercial-law-test-1-2024-2025-latest-comprehensive-most-tested-quest… 3/56

, 10/29/24, 7:11 PM 2024 update|CLA1501 Commercial Law 1/Commercial Law - Test 1 |2024-2025 latest |COMPREHENSIVE MOST TESTED Q…

Which scenario is an C
example of a true ethics
dilemma?
a. The Tipton Company
considers running
advertisements to
publicize the contribution
it made to a national
charity
b. that offers tutoring to
low-income children.
Employees at Spiffy Hair
Salon ask management if
they can set up a booth
at an inner-city street fair
to give free haircuts to
anyone who needs one.
c. Sure-Good Soup
Company is thinking
about using more
expensive organic
vegetables in its
products to promote
consumer health, even
though company profits
might be reduced.
d. At the request of many
customers, Maxim
Company considers
pulling advertising from a
radio talk show that
endorses "fringe"
conspiracy theories.




https://quizlet.com/964130922/2024-updatecla1501-commercial-law-1commercial-law-test-1-2024-2025-latest-comprehensive-most-tested-quest… 4/56

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