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Law and Ethics

Business

Quiz 1 :

Law, Ethics, Business: An Introduction

Quiz 1 :

Law, Ethics, Business: An Introduction

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Describe the philosophy of noted economist,Milton Friedman,on the issue of "free market ethics."
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Friedman held that it is wrong for managers to use corporate resources to deal with problems in society at large.Decisions regarding such social problems should be addressed by governments in the political arena and funded by tax dollars.A decision by corporate managers to aid society is,in effect,theft of stockholders' resources.

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The best example of a source for virtue ethics for a business is
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B

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All of the following are considered exceptions to the general rule that there is no duty to rescue except:
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B

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Which of the following statements is INCORRECT regarding the rights of shareholders? I.voting power on major issues and ownership in a portion of the company II.right to transfer ownership and dividend entitlement III.hire and fire management and select and appoint a chief executive
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Which of the following views on outsourcing would be consistent with the free market ethics approach advocated by Milton Friedman?
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Discuss the differences in utilitarianism and values ethics in making a decision.
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Which of the following statements best illustrates the view of "utilitarianism"? I.From each according to his abilities, to each according to his needs. II.The risk reasonably to be perceived defines the duty to be obeyed and risks imports relation; it is risk to another or to others within the range of apprehension. III.An action is right when maximizing welfare and total well-being. IV.Individuals should pursue his or her own self-interest, even at the expense of others.
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Explain why laws exist that do not impose a duty to rescue.
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The Ethic of Care is
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Corporate director or officer decisions to dedicate corporate funds for social causes is called:
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The chapter discusses a number of different ethical theories or approaches to decision making.Discuss the potential dangers of relying solely on one theory or approach.
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Select the best definition of ethics:
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Assuming a business ethical dilemma,which statement best illustrates Gilligan approach suggested in her theory of "The Ethics of Care"?
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Choose the statement regarding duty to rescue that is false:
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According to Citizens United v.Federal Election Commission,which of the following is not a reason to allow corporations the right to spend money and advertise for political candidates?
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From where do ethical preferences originate?
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Describe the difference between the law and ethics.
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Laws must be static and unyielding in order to provide stability for a society.
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Discuss how multinational corporations can be both a benefit and a detriment to society.
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