Chapter 3—BUSINESS ETHICS, SOCIAL FORCES, AND THE LAW
TRUE/FALSE
1. Ethics is a philosophical concept that deals with values related to the nature of human conduct. ANS: T MSC: AACSBAnalytic
2. The field of business ethics recognizes that social values typically must yield to the profitabilit...
1. The pattern of rules that society uses to control the conduct of individuals in their relationships is
called law.
ANS: T MSC: AACSB Analytic
2. The law works to cause our society to operate in an inefficient manner.
ANS: F MSC: AACSB Analytic
3. Law is often defined as the body of principles that courts will enforce.
ANS: T MSC: AACSB Analytic
4. Jane asserts she has a legal right. Jane is really saying she has an obligation to perform or refrain from
performing an act.
ANS: F MSC: AACSB Analytic
5. Rights always stand alone, without any duties.
ANS: F MSC: AACSB Analytic
6. Rights guaranteed in the United States Constitution are accompanied by duties.
ANS: T MSC: AACSB Analytic
7. Court decisions and statutes can take away rights created by the United States Constitution.
ANS: F MSC: AACSB Analytic
8. One of our most important rights is the right of privacy.
ANS: T MSC: AACSB Analytic
9. The right to be secure against unreasonable searches and seizures conducted by the police is
guaranteed by state statute.
ANS: F MSC: AACSB Analytic
10. The United States Constitution provides that we have a right to be free from intrusions by others.
, ANS: T MSC: AACSB Analytic
11. The private life of a nonpublic citizen is subject to public scrutiny.
ANS: F MSC: AACSB Analytic
12. One advantage of our current legal system is that the growth of technology has not created many new
laws.
ANS: F MSC: AACSB Analytic
13. The right of privacy does not apply to intrusions into our privacy by means of new technology.
ANS: F MSC: AACSB Analytic
14. Several layers of law are enacted at different levels of government to provide the framework for
business and personal rights and duties. At the base of this framework of laws is constitutional law.
ANS: T MSC: AACSB Analytic
15. A constitution is a body of principles that establishes the structure of a government and the relationship
of that government to the people who are governed.
ANS: T MSC: AACSB Analytic
16. Statutes are the only source of law.
ANS: F MSC: AACSB Analytic
17. Within each state in the United States, only one constitution is in force.
ANS: F MSC: AACSB Analytic
18. In addition to state legislatures and the United States Congress, all cities, counties, and other
governmental subdivisions have some power to adopt ordinances within their sphere of operation.
ANS: T MSC: AACSB Analytic
19. Both Congress and state legislatures enact statutory law.
ANS: T MSC: AACSB Analytic
20. Administrative regulations are a type of law.
ANS: T MSC: AACSB Analytic
21. Administrative regulations generally do not have the force of a statute.
, ANS: F MSC: AACSB Analytic
22. Case law consists of the rules and regulations parties agree to as part of their contractual relationship.
ANS: F MSC: AACSB Analytic
23. Courts can create law.
ANS: T MSC: AACSB Analytic
24. When a court decides a new question or problem, the decision is called a precedent.
ANS: T MSC: AACSB Analytic
25. The group of time-honored rules that courts have used to solve similar problems for decades is called
stare decisis.
ANS: T MSC: AACSB Analytic
26. Time honored rules of the community are called the common law.
ANS: T MSC: AACSB Analytic
27. Treaties made by the United States are not deemed part of the law.
ANS: F MSC: AACSB Analytic
28. Uniform State Law generally is not applicable to business.
ANS: F MSC: AACSB Analytic
29. Those uniform state laws that have been adopted by individual states were first written by Congress.
ANS: F MSC: AACSB Analytic
30. Substantive law creates rights and duties.
ANS: T MSC: AACSB Analytic
31. Civil laws define wrongs against society.
ANS: F MSC: AACSB Analytic
32. Law may be classified in terms of principles of law and principles of equity.
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