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Test Bank for Law Business and Society 10th Edition by McAdams

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Test Bank for Law Business and Society 10th Edition by McAdams Product details Test Bank for Law Business and Society 10th Edition by McAdams Language: English ISBN-10: 0073525006 ISBN-13: 978-0073525006 ISBN-13: 9780073525006 Link download full: http://testbankcollection.com/download/test-bank-for-law-business-and-society-10th-edition-by-mcadams/
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  • 1. From http://testbankcollection.com/ Link download full: Test Bank for Law Business and Society 10th Edition by McAdams http://testbankcollection.com/download/test-bank-for-law-business-and- society-10th-edition-by-mcadams Chapter 02 Business Ethics True / False Questions 1. Libertarianism refers to a philosophical system that endorses an essentially free market view of ethics. True False 2. Virtue ethics focuses on the classic notion of character rather than following rules. True False
  • 2. From http://testbankcollection.com/ 3. Utilitarianism is the foremost branch of deontology. True False 4. Kant's categorical imperative is the notion that every person should act only on those principles that he or she, as a rational person, would prescribe as universal laws. True False 5. According to Carol Gilligan, women are more likely to build a morality based on care, support, and responsiveness. True False 6. Formalism follows the principle of "the greatest good for the greatest number." True False 7. Moral identity involves the degree to which moral concerns are central to our sense of self. True False 8. Organizational culture does not influence corporate misconduct. True False
  • 3. From http://testbankcollection.com/ 9. In most nations, the payment of bribes is accepted as a necessary and a lawful way of doing business. True False 10.The Foreign Corrupt Practices Act (FCPA) was enacted in response to disclosure of widespread bribery by American firms. True False 11.The FCPA forbids "grease" payments to political parties where the purpose of the payments is to secure the performance of a routine governmental action. True False 12.The passage of the Sarbanes-Oxley Act has significantly increased the importance of corporate codes of ethics for publicly traded corporations. True False 13.The 2002 Sarbanes-Oxley Act significantly increased penalties and provided other aggressive measures for attacking corporate crime by publicly traded companies. True False
  • 4. From http://testbankcollection.com/ 14.Among its major provisions, the False Claims Act raises penalties to as much as 25 years imprisonment along with heavy fines. True False 15.Whistle blowing seems likely to increase with the passage of the 2010 Dodd- Frank Wall Street Reform and Consumer Protection Act. True False Multiple Choice Questions 16.Which of the following indicates an existentialist's belief? A. An existentialist believes in absolute adherence to the letter of the law. B. An existentialist believes in maximizing Christian love. C. An existentialist believes that no actions are inherently right or wrong. D. An existentialist believes conduct can be rationally justified.
  • 5. From http://testbankcollection.com/ 17.Which of the following ethical theories takes essentially a free market view of ethics? A. Moral absolutism B. Deontology C. Virtue ethics D. Libertarianism 18.Virtue ethics focuses on the classic notion that the key to good ethics lies in a person's _____. A. character B. responsibilities C. rights D. rules 19.A(n) _____ ethical system emphasizes the consequences of an act. A. deontological B. teleological C. existential D. libertarian
  • 6. From http://testbankcollection.com/ 20.A(n) _____ believes principle is primary and consequence is secondary or even irrelevant. A. deontologist B. situationalist C. teleologist D. existentialist 21.A(n) _____ believes that good must be weighed against evil in reaching an ethical decision. A. consequentialist B. libertarian C. utilitarian D. existentialist 22.Teleological ethical systems are often referred to as _____. A. formalist ethical systems B. existentialist ethical systems C. deontologist ethical systems D. consequentialist ethical systems
  • 7. From http://testbankcollection.com/ 23.A father may be morally committed to saving his son from a burning building, rather than saving another person who might well do more total good for society. The action of the father would be primarily dictated by the _____ ethical system. A. teleological B. deontological C. utilitarian D. consequentialist 24.Sarah is the CEO of a company. She realizes that the only way for the company to remain in business during the period of recession is to cut costs drastically. She believes it would be better if all employees took a 10 percent pay cut, instead of laying off 10 percent of the workers. She feels this is the correct decision as it would benefit the company and all the employees. Her approach is primarily influenced by the _____ ethical system. A. rule-utilitarian B. libertarian C. deontological D. formalist
  • 8. From http://testbankcollection.com/ 25.Which of the following principles is most likely to be followed by a utilitarian? A. Ethics must be measured by the rightness of rules. B. What is right for one is right for all. C. The greatest good for the greatest number. D. Moral worth springs from one's decision to discharge one's duty. 26.Which of the following statements describes the formalistic view of ethics? A. A decision that maximizes the ratio of good over evil for all those concerned is the ethical course. B. The rightness of an act depends little on the results of the act. C. The moral person renders ethical decisions based on the consequences of the decision. D. The moral person may be forced to shun a particular act that would result in greater immediate good.
  • 9. From http://testbankcollection.com/ 27.Kant's categorical imperative: A. requires one to adhere to all the rules of conduct by which society reaps the greatest value. B. states that one's goal is to identify the consequences of a particular act to determine whether it is right or wrong. C. is based on the idea that a decision that maximizes the ratio of good over evil for all those concerned is the ethical course. D. is the notion that every person should act on only those principles that he, as a rational person, would prescribe as universal laws to be applied to the whole of humankind. 28.Which of the following is identified as the post-conventional level of the six universal stages of moral development? A. Conform to meet the expectations of others. B. Doing right is one's duty; obey the law and uphold social order. C. Follow self-chosen universal ethical principles. D. Follow rules only if it is in your own self-interest, but let others do the same.
  • 10. From http://testbankcollection.com/ 29.Which of the following universal stages is grouped under the conventional level? A. Adhere to stereotypical images. B. Obey rules to avoid punishment. C. Follow self-chosen universal ethical principles. D. Conform to secure rewards. 30.Which of the following statements symbolizes the idea of a feminine "voice" in view of morality? A. Women give high priority to "rights" when making a decision. B. Women make decisions the same way men do. C. Women consider relationships and the needs of others. D. Women give the highest priority to their own self-interests while making decisions. 31.The Sarbanes-Oxley Act: A. requires publicly traded companies to develop a code of ethics. B. is the chief federal weapon against bribery abroad. C. was enacted in the year 1977. D. was enacted in response to disclosure of widespread bribery by American firms.
  • 11. From http://testbankcollection.com/ 32.World Transit, an American firm, is establishing an African office with Mary Jones as manager. After two months of endless efforts, Mary is informed that in order to get utilities for their African branch, she must give some money to the government-based electric company agent as an "encouragement," just as all the other businesses have done. Under the Foreign Corrupt Practices Act, which of the following statements about the payment is true? A. The payment is illegal, since it is a bribe to a foreign government official. B. The payment is legal, as long as all other businesses do the same thing. C. The payment is legal, since that is the only way she can get utilities. D. The payment is legal, since it is merely "grease" money to expedite routine action.
  • 12. From http://testbankcollection.com/ 33.The Foreign Corrupt Practices Act: A. was enacted in 2002 and encourages all publicly traded companies to voluntarily develop ethics codes. B. does not forbid grease payments to foreign officials/political parties where the purpose of the payments is to expedite or to secure the performance of a routine governmental action. C. was passed after Enron and other corporate scandals as a way to discourage financial and accounting fraud, thus maintaining confidence in America's financial markets. D. defines a code of ethics as written standards that are reasonably designed to deter wrongdoing and to promote such behaviors as honest conduct and full disclosure in reports. 34.Which of the following is the main risk associated with the outcome of whistle blowing? A. Appreciation from colleagues B. Appreciation from management C. Undesired increase in pay D. Fear of retribution
  • 13. From http://testbankcollection.com/ 35.Which of the following statements is true of the False Claims Act? A. It creates new crimes and raises penalties to as much as 25 years of imprisonment along with heavy fines. B. It forbids fraud in government contracts and rewards those who help to stop fraud. C. It requires publicly traded companies to establish internal control systems designed to assure the accuracy of financial information. D. It requires publicly traded companies to disclose whether they have adopted an ethics code for senior financial management, and if not, why they have not done so. Essay Questions 36.Explain how religion, libertarianism and virtue ethics influence contemporary moral analysis.
  • 14. From http://testbankcollection.com/ 37.Differentiate between teleology and deontology. Give an example of each. 38.What is a major criticism of the Foreign Corrupt Practices Act? 39.Describe some of the factors that encourage unethical behavior in the workplace.
  • 15. From http://testbankcollection.com/ 40.Identify the major provisions of the 2002 Sarbanes-Oxley Act.
  • 16. From http://testbankcollection.com/ Chapter 02 Business EthicsAnswerKey True / False Questions 1. (p. 66) Libertarianism refers to a philosophical system that endorses an essentially free market view of ethics. TRUE Blooms: Remember Difficulty: 1 Easy 2. (p. 66) Virtue ethics focuses on the classic notion of character rather than following rules. TRUE Blooms: Remember Difficulty: 1 Easy 3. (p. 67) Utilitarianism is the foremost branch of deontology. FALSE Blooms: Remember Difficulty: 1 Easy
  • 17. From http://testbankcollection.com/ 4. (p. 67) Kant's categorical imperative is the notion that every person should act only on those principles that he or she, as a rational person, would prescribe as universal laws. TRUE Blooms: Remember Difficulty: 1 Easy 5. (p. 74) According to Carol Gilligan, women are more likely to build a morality based on care, support, and responsiveness. TRUE Blooms: Remember Difficulty: 1 Easy 6. (p. 74) Formalism follows the principle of "the greatest good for the greatest number." FALSE Blooms: Understand Difficulty: 2 Medium 7. (p. 75) Moral identity involves the degree to which moral concerns are central to our sense of self. TRUE Blooms: Remember Difficulty: 1 Easy
  • 18. From http://testbankcollection.com/ 8. (p. 75) Organizational culture does not influence corporate misconduct. FALSE Blooms: Remember Difficulty: 1 Easy 9. (p. 81) In most nations, the payment of bribes is accepted as a necessary and a lawful way of doing business. TRUE Blooms: Remember Difficulty: 1 Easy 10. (p. 81) The Foreign Corrupt Practices Act (FCPA) was enacted in response to disclosure of widespread bribery by American firms. TRUE Blooms: Remember Difficulty: 1 Easy 11. (p. 82) The FCPA forbids "grease" payments to political parties where the purpose of the payments is to secure the performance of a routine governmental action. FALSE Blooms: Understand Difficulty: 2 Medium
  • 19. From http://testbankcollection.com/ 12. (p. 85) The passage of the Sarbanes-Oxley Act has significantly increased the importance of corporate codes of ethics for publicly traded corporations. TRUE Blooms: Remember Difficulty: 1 Easy 13. (p. 85) The 2002 Sarbanes-Oxley Act significantly increased penalties and provided other aggressive measures for attacking corporate crime by publicly traded companies. TRUE Blooms: Remember Difficulty: 1 Easy 14. (p. 87) Among its major provisions, the False Claims Act raises penalties to as much as 25 years imprisonment along with heavy fines. FALSE Blooms: Remember Difficulty: 1 Easy 15. (p. 87) Whistle blowing seems likely to increase with the passage of the 2010 Dodd- Frank Wall Street Reform and Consumer Protection Act. TRUE Blooms: Remember
  • 20. From http://testbankcollection.com/ Difficulty: 1 Easy Multiple Choice Questions 16. (p. 64) Which of the following indicates an existentialist's belief? A. An existentialist believes in absolute adherence to the letter of the law. B. An existentialist believes in maximizing Christian love. C. An existentialist believes that no actions are inherently right or wrong. D. An existentialist believes conduct can be rationally justified. Blooms: Understand Difficulty: 1 Easy 17. (p. 66) Which of the following ethical theories takes essentially a free market view of ethics? A. Moral absolutism B. Deontology C. Virtue ethics D. Libertarianism Blooms: Remember Difficulty: 1 Easy
  • 21. From http://testbankcollection.com/ 18. (p. 66) Virtue ethics focuses on the classic notion that the key to good ethics lies in a person's _____. A. character B. responsibilities C. rights D. rules Blooms: Remember Difficulty: 1 Easy 19. (p. 66) A(n) _____ ethical system emphasizes the consequences of an act. A. deontological B. teleological C. existential D. libertarian Blooms: Remember Difficulty: 1 Easy
  • 22. From http://testbankcollection.com/ 20. (p. 66) A(n) _____ believes principle is primary and consequence is secondary or even irrelevant. A. deontologist B. situationalist C. teleologist D. existentialist Blooms: Remember Difficulty: 1 Easy 21. (p. 67) A(n) _____ believes that good must be weighed against evil in reaching an ethical decision. A. consequentialist B. libertarian C. utilitarian D. existentialist Blooms: Remember Difficulty: 1 Easy
  • 23. From http://testbankcollection.com/ 22. (p. 66) Teleological ethical systems are often referred to as _____. A. formalist ethical systems B. existentialist ethical systems C. deontologist ethical systems D. consequentialist ethical systems Blooms: Remember Difficulty: 1 Easy 23. (p. 67) A father may be morally committed to saving his son from a burning building, rather than saving another person who might well do more total good for society. The action of the father would be primarily dictated by the _____ ethical system. A. teleological B. deontological C. utilitarian D. consequentialist Blooms: Apply Difficulty: 2 Medium
  • 24. From http://testbankcollection.com/ 24. (p. 67) Sarah is the CEO of a company. She realizes that the only way for the company to remain in business during the period of recession is to cut costs drastically. She believes it would be better if all employees took a 10 percent pay cut, instead of laying off 10 percent of the workers. She feels this is the correct decision as it would benefit the company and all the employees. Her approach is primarily influenced by the _____ ethical system. A. rule-utilitarian B. libertarian C. deontological D. formalist Blooms: Apply Difficulty: 2 Medium 25. (p. 67) Which of the following principles is most likely to be followed by a utilitarian? A. Ethics must be measured by the rightness of rules. B. What is right for one is right for all. C. The greatest good for the greatest number. D. Moral worth springs from one's decision to discharge one's duty. Blooms: Understand Difficulty: 2 Medium
  • 25. From http://testbankcollection.com/ 26. (p. 67) Which of the following statements describes the formalistic view of ethics? A. A decision that maximizes the ratio of good over evil for all those concerned is the ethical course. B. The rightness of an act depends little on the results of the act. C. The moral person renders ethical decisions based on the consequences of the decision. D. The moral person may be forced to shun a particular act that would result in greater immediate good. Blooms: Understand Difficulty: 2 Medium 27. (p. 67) Kant's categorical imperative: A. requires one to adhere to all the rules of conduct by which society reaps the greatest value. B. states that one's goal is to identify the consequences of a particular act to determine whether it is right or wrong. C. is based on the idea that a decision that maximizes the ratio of good over evil for all those concerned is the ethical course. D. is the notion that every person should act on only those principles that he, as a rational person, would prescribe as universal laws to be applied to the whole of humankind. Blooms: Understand Difficulty: 2 Medium
  • 26. From http://testbankcollection.com/ 28. (p. 74) Which of the following is identified as the post-conventional level of the six universal stages of moral development? A. Conform to meet the expectations of others. B. Doing right is one's duty; obey the law and uphold social order. C. Follow self-chosen universal ethical principles. D. Follow rules only if it is in your own self-interest, but let others do the same. Blooms: Understand Difficulty: 2 Medium 29. (p. 73) Which of the following universal stages is grouped under the conventional level? A. Adhere to stereotypical images. B. Obey rules to avoid punishment. C. Follow self-chosen universal ethical principles. D. Conform to secure rewards. Blooms: Understand Difficulty: 2 Medium
  • 27. From http://testbankcollection.com/ 30. (p. 74) Which of the following statements symbolizes the idea of a feminine "voice" in view of morality? A. Women give high priority to "rights" when making a decision. B. Women make decisions the same way men do. C. Women consider relationships and the needs of others. D. Women give the highest priority to their own self-interests while making decisions. Blooms: Remember Difficulty: 1 Easy 31. (p. 80) The Sarbanes-Oxley Act: A. requires publicly traded companies to develop a code of ethics. B. is the chief federal weapon against bribery abroad. C. was enacted in the year 1977. D. was enacted in response to disclosure of widespread bribery by American firms. Blooms: Understand Difficulty: 1 Easy
  • 28. From http://testbankcollection.com/ 32. (p. 82) World Transit, an American firm, is establishing an African office with Mary Jones as manager. After two months of endless efforts, Mary is informed that in order to get utilities for their African branch, she must give some money to the government-based electric company agent as an "encouragement," just as all the other businesses have done. Under the Foreign Corrupt Practices Act, which of the following statements about the payment is true? A. The payment is illegal, since it is a bribe to a foreign government official. B. The payment is legal, as long as all other businesses do the same thing. C. The payment is legal, since that is the only way she can get utilities. D. The payment is legal, since it is merely "grease" money to expedite routine action. Blooms: Apply Difficulty: 3 Hard
  • 29. From http://testbankcollection.com/ 33. (p. 82) The Foreign Corrupt Practices Act: A. was enacted in 2002 and
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