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2700 business law ethics exam Practice Questions and Answers 100% Pass $11.49   Add to cart

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2700 business law ethics exam Practice Questions and Answers 100% Pass

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  • 2700 business law ethics
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  • 2700 Business Law Ethics

2700 business law ethics exam Practice Questions and Answers 100% Pass T/F The primary legal responsibility of business is to obey the law - ANSWER-true T/F You move to Alabama from Illinois. While traveling on Wire Road outside of Auburn, you never see a speed limit sign, so you assume the spe...

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  • November 12, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2700 business law ethics
  • 2700 business law ethics
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EmilyCharlene
2700 business law ethics exam Practice
Questions and Answers 100% Pass

T/F The primary legal responsibility of business is to obey the law - ANSWER✔✔-true


T/F You move to Alabama from Illinois. While traveling on Wire Road outside of

Auburn, you never see a speed limit sign, so you assume the speed limit is 55 mph since

it's a wide, nice road out in the country and 55 mph seems safe to you. You are puled

over and given a ticket for speeding by a state trooper who tells you the speed limit on

all country roads in Alabama is 45 mph unless otherwise posted. You can tell the judge

you did not know what the law was and he will dismiss your case because of that. -

ANSWER✔✔-false


T/F In the United States our first option if we find an unjust law is always to just ignore

the law. - ANSWER✔✔-false


T/F According to Mr. Cochran, most corporate fraud in the last 20 years resulted from a

lack of understanding of ethics and the legal responsibility of business under the law. -

ANSWER✔✔-false




Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
Page 1/6

, T/F Under the Sarbanes-Oxley Act all publicly registered companies (those that are

traded on stock exchanges) must have a "Code of Ethics" or make it clear that they elect

not to have a "Code of Ethics" - ANSWER✔✔-true


T/F Bribery is illegal in the United States, but may not be illegal in other countries. -

ANSWER✔✔-true


Before you decide that you have an ethical responsibility to act in a way contrary to

what the law requires you should:


a) Try to change the law


b) Examine whose interest is being advanced by acting contrary to the law.


c) Work with accountants and lawyers to ensure you can act contrary to the law without

others finding out.


d) All of the above


(a) and (b) above - ANSWER✔✔-e. both (a) and (b) Try to change the law. & Examine

whose interest is being advanced by acting contrary to the law.


We should disobey the laws the United States only if:


a) The laws are manifestly and profoundly unjust to a significant part of our population.


b) The laws have a severely negative impact on our company's profits.




Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
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