TEST BANK FOR LEGAL ENVIRONMENT OF BUSINESS 9TH EDITION CHEESEMAN QUESTIONS AND ANSWERS RATED A +.
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Legal environment of business
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Legal Environment Of Business
TEST BANK FOR LEGAL ENVIRONMENT OF BUSINESS 9TH EDITION CHEESEMAN QUESTIONS AND ANSWERS RATED A +.
QU
1) is a set of moral principles or values that governs the conduct of an individual or a group.
A) Rationality
B) Evolution
C) Ethics
D) Reason Answer: C Diff: 1
Skill: Legal Concepts
L...
Test Bank For Legal Environment Of Busi
ness 9th Edition Cheeseman Questions A
nd Answers Rated A+
1) is a set of moral principles or values that governs the conduct of an individual or a
group.
A) Rationality
B) Evolution
C) Ethics
D) Reason
Answer: C
Diff: 1
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
2) Which of the following cases is an example of agreement of ethics and laws?
A) a company outsourcing its work to a foreign country to take advantage of cheap labor
B) a person being penalized for bribing a judge to rule a case in the person's favor
C) a company not spending more to keep its emission rates below the legal standard
D) a person hiring an illegal alien worker whose family is destitute
Answer: B
Diff: 2
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
3) Law and ethics .
A) are the same thing
B) have nothing to do with each other
C) while different, are intertwined
D) can both be ignored by business professionals
Answer: C
Diff: 2
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
,4) Businesses .
A) are subject to the laws of the countries in which they operate, but do not owe a social
responsibility not to harm society
B) are subject to the laws of the countries in which they operate and owe a social responsibility
not to harm society
C) organized in the United States are subject only to its laws, and can ignore the laws of other
countries in which they operate
D) organized in the United States can ignore the law as long as they act ethically in the conduct
of their affairs and try not to harm society
Answer: B
Diff: 2
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
5) All laws are framed to meet the highest ethical standards.
Answer: FALSE
Diff: 1
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
6) An ethically wrong state or condition can still be legal.
Answer: TRUE
Diff: 1
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
7) Give an account of the relationship between ethics and law.
Answer: Ethics and the law are intertwined. Although much of the law is based on ethical
standards, not all ethical standards have been enacted as law. The law establishes a minimum
degree of conduct expected by persons and businesses in society. Ethics demands more.
Sometimes the rule of law and the rule of ethics demand the same response by a person
confronted with a problem. In some situations, the law may permit an act that is ethically wrong.
In some others, the law demands certain conduct, but a person's ethical standards are contrary.
Diff: 1
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
,8) Compare and contrast "business law" and "business ethics."
Answer: While most laws are based on ethical standards, not all ethical standards have been
enacted as law. While the law establishes a minimum degree of conduct expected by persons and
businesses in society, ethics demands more. Ethics and the law are intertwined. Sometimes the
rule of law and the rule of ethics demand the same response by a person confronted with a
problem. However, sometimes the law demands certain conduct, but a person's ethical standards
are to the contrary. Moreover, in some situations, the law may permit an act that is ethically
wrong.
Diff: 1
Skill: Legal Concepts
LO: 2.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
9) is an ethical theory according to which a person adheres to rules or commands that
are from an outside source, such as a book or a central figure.
A) Ethical fundamentalism
B) Utilitarianism
C) Ethical relativism theory
D) Rawls's social justice theory
Answer: A
Diff: 1
Skill: Legal Concepts
LO: 2.2 Describe and apply the moral theories of business ethics.
AACSB: Analytical thinking
Classification: Concept
10) A government or political party that strictly derives its ethics and laws from a specific
religious book is an example of .
A) utilitarianism
B) ethical fundamentalism
C) ethical relativism
D) Kantian ethics
Answer: B
Diff: 1
Skill: Legal Concepts
LO: 2.2 Describe and apply the moral theories of business ethics.
AACSB: Analytical thinking
Classification: Concept
, 11) Which of the following statements best describes the moral theory of utilitarianism?
A) People must choose the action or follow the rule that provides the greatest good to society.
B) People must perform actions that are in accordance with a specific moral rule or principle
from a religious text.
C) People must choose to follow the actions of a virtuous person.
D) People must perform actions that are based on moral duties imparted by one's community.
Answer: A
Diff: 1
Skill: Legal Concepts
LO: 2.2 Describe and apply the moral theories of business ethics.
AACSB: Analytical thinking
Classification: Concept
12) Which of the following is an apparent disadvantage of utilitarianism?
A) It does not allow people to have subjective notions of right and wrong.
B) It is based on moral duties derived from universal rules.
C) It overemphasizes one book or theory.
D) It treats morality as if it were an impersonal mathematical calculation.
Answer: D
Diff: 2
Skill: Legal Concepts
LO: 2.2 Describe and apply the moral theories of business ethics.
AACSB: Analytical thinking
Classification: Concept
13) Which of the following theories of ethics is also referred to as duty ethics?
A) Rawls's social justice theory
B) utilitarianism
C) Kantian ethics
D) ethical fundamentalism
Answer: C
Diff: 1
Skill: Legal Concepts
LO: 2.2 Describe and apply the moral theories of business ethics.
AACSB: Analytical thinking
Classification: Concept
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