TEST BANK FOR LEGAL ENVIRONMENT OF BUSINESS 9TH EDITION CHEESEMAN QUESTIONS AND ANSWERS RATED A +.

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 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 14) Which of the following moral theories would closely follow the categorical imperative, "Do unto others as you would have them do unto you"? A) Kantian ethics B) ethical fundamentalism C) utilitarianism 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 15) is a moral theory according to which people owe moral duties that are based on universal rules. A) Rawls's social justice theory B) Kantian ethics C) Utilitarianism D) Ethical fundamentalism Answer: B Diff: 1 Skill: Legal Concepts LO: 2.2 Describe and apply the moral theories of business ethics. AACSB: Analytical thinking Classification: Concept 16) Reversibility is a principle of Kantian ethics according to which . A) a person must be allowed to reverse his moral judgment to better suit his needs B) a person must treat all moral circumstances as one C) a person must be allowed to selectively choose moral judgments based on the circumstances D) a person must abide by the rule he or she uses to judge the morality of someone else's conduct Answer: D Diff: 2 Skill: Legal Concepts LO: 2.2 Describe and apply the moral theories of business ethics. AACSB: Analytical thinking Classification: Concept