12 May WHAT IS AN ETHICAL DILEMMA?
Business Law CRN 51884Assignment:Week 1 Assignment1.award:2 out of2.00 pointsWhich of the following is called the television test with regard to the WPH framework?Golden RuleSocial ResponsibilityUniversalization Public disclosure2.award:2 out of2.00 pointsWhat is an ethical dilemma? A problem about what a firm should do, for which no clear, right decision is available.Application of ethics to the special problems and opportunities experienced by businesspeople.The expectations that communities have from businesses.Study and practice of decisions about what is good, or right.3.award:2 out of2.00 pointsWhich of the following laws would govern a dispute between a tenant and a landlord over payment of rent?Public lawCommercial law Private lawCorporate law4.award:2 out of2.00 pointsThe legality of a business decision is the _____ standard that must be met.maximaloptionalmoderate minimal5.award:2 out of2.00 pointsAcme manufactures food products and is opening a subsidiary in Country Z. The firm discovers that to obtain raw materials it has to bribe local officials and businesses in Country Z. The second option is to import raw materials from its own country, which will be expensive in the long-run. In this situation, Acme: is faced with an ethical dilemma.can apply the concept of virtue ethics.has no social responsibility toward Country Z.needs to only focus on profitability.6.award:0 out of40.00 pointsCindy ran her car over Hank in her company parking lot breaking his leg. That happened because, without warning, Cindys car brakes failed. Hank sues Cindy. Cindy decides to do nothing because she sees no way that she can win the lawsuit. Is she right? Why or why not? What would you suggest that she do in the civil litigation? Why is it important that Cindy proceed correctly and immediately at this point in the litigation?7.award:2 out of2.00 pointsWhich of the following is a way to take the universalization test for a business owner?Taking into account whether God would judge the decision to be correct or not. Considering the impact on the world if the decision were applied by all businesses.Putting himself in the position of the stakeholder and judging the decision.Informing the public of the business decision before it is taken.8.award:2 out of2.00 pointsWhat is the intent of the Sarbanes Oxley Act?Encouraging stakeholders to take a more active role in business.Setting limitations for Internet usage in business.Apprehending businesses who use unethical trading means. Promoting high standards of business ethics.9.award:2 out of2.00 pointsIn response to the trade unions demands, Firm Z holds an executive-level meeting. In the meeting, the executives weigh the monetary consequences of agreeing to the unions demands. Which theory of business ethics are they following?ConsequentialismRule utilitarianism Cost benefit analysisAct utilitarianism10.award:2 out of2.00 pointsWhich of the following concepts come under legal realism?Some higher law or body of moral principles connects all of us in the human community.Past practice was the product of careful thought.Certain ethical laws and principles believed to be morally right and above the laws devised by humans. Law can never be enforced with complete consistency.11.award:2 out of2.00 pointsNew statutory law can revoke _____ law.criminalcorporate caseprivate12.award:2 out of2.00 pointsWhy is ethical fundamentalism difficult to follow?It denies the existence of any fixed moral standards. The unquestionable nature of rules is overly inflexible.It does not offer specific-enough criteria to be useful in many real-world situations.It does not say how to evaluate someones actions.13.award:2 out of2.00 pointsWhich of the following laws is especially significant for businesses that operate in multiple legal jurisdictions?Trade law Case lawAdministrative lawRestatements of law14.award:2 out of2.00 pointsA labor union at a match factory protested against the unhealthy conditions in which they were required to work. Management refused to make changes since all the workers had signed an employment contract stating that they were willing to work in any condition provided by the factory. Despite the legal contract, the labor union has decided to litigate. On what grounds would their case, most likely, be fought?TraditionLegal realism Natural lawLegal positivism15.award:2 out of2.00 pointsA company is caught bribing government officials in foreign countries in order to establish and maintain its affiliate branches there. The fines levied on the company fall under which act?Foreign Criminal Practices Act Foreign Corrupt Practices ActInternational Modernization ActSarbanes Oxley Act16.award:2 out of2.00 pointsWhich of the following is an intended and essential purpose of law?To impose checks on citizens.To rely upon the goodwill of others.To demand respect. To encourage social justice.17.award:2 out of2.00 pointsWhy must multinational companies take into account the different ethical understandings that prevail in a different country?Business ethics can never produce a list of correct business decisions that all ethical businesses will make.Legal rules that govern the exchange have been shaped in large part by our sense of commercial ethics. Ethical conceptions shape business law and business relationships uniquely in each country.Law and business ethics serve as an interactive systeminforming and assessing each other.18.award:2 out of2.00 pointsA collection of rules and decisions made by government agencies is known as _____ law.common administrativecorporateagency19.award:2 out of2.00 pointsBusiness law consists of _____ that govern commercial relationships.traditional regulatory bodiesdominant systems and practices enforceable rules of conductconventional channels20.award:2 out of2.00 pointsThe difference between civil law versus criminal law is that, the guilty defendant of a: civil case is never incarcerated.civil case is either incarcerated or required to pay a fine.criminal case is always incarcerated.criminal case is never required to pay a fine.21.award:2 out of2.00 pointsEthical relativism holds that morality is _____.divineneutralobjective relative22.award:2 out of2.00 pointsWhich of the following laws is defined as, A collection of rules and laws put forth by legislating bodies? Statutory lawAdministrative lawCommon lawConstitutional law23.award:2 out of2.00 pointsA restaurant regularly overfills trash cans in the alley and improperly disposes left-over meat and other perishables. Which of the following laws will regulate this incident?Criminal and public lawPublic and civil law Public lawPrivate law24.award:2 out of2.00 pointsWhy must firms honor, to some extent, the social responsibility to business?The community often imposes restrictions on firms that only provide a useful good or services.Most communities have similar expectations of businesses.The community expects businesses to obey certain standards of fairness, except when the standards interfere with profit maximization. Firms are always subject to the implicit threat that legislation will impose social obligations on them.25.award:2 out of2.00 pointsWhich of the following theories of business ethics is most concerned with human relationships?Deontology Ethics of careUtilitarianismVirtue ethics26.award:2 out of2.00 pointsA garment manufacturing company wants to shift from being a supplier to a retailer. Which of the following will govern the legal aspects of this decision?Corporate law Business lawAdministrative lawEmployment law27.award:2 out of2.00 pointsWong owned a laundry store in Colorado but had to move to Salt Lake City, Utah for personal reasons. He wants to establish another laundry store in the new city. He can find information regarding local taxes if he refers to: local ordinances.local laws.local codes.local statutes.28.award:2 out of2.00 pointsNot letting morality interfere with the obedience of law comes under which concept?TraditionNatural law Legal positivismIdentification with the vulnerable29.award:2 out of2.00 pointsThe definition of business ethics refers to _____ of business conduct.correct decisionsdefinitive listslegality standards30.award:2 out of2.00 pointsWhich of the following statements is true according to the categorical imperative of deontology?No decision taken by the business manager can be wrong as morality is subjective.A business manager should put himself in the shoes of the person to be affected by his decision and then decide.A business manager should choose the action which yields the greatest amount of pleasure over pain for all involved. A business decision can be evaluated on the basis that it would be consistent for everyone in society to take the same decision.31.award:2 out of2.00 pointsThe U.S. Code contains legislative acts passed by the _____.House of RepresentativesSenatePresident U.S. CongressBusiness Law CRN 51884Assignment:Week 1 Assignment1.award:2 out of2.00 pointsWhich of the following is called the television test with regard to the WPH framework?Golden RuleSocial ResponsibilityUniversalization Public disclosure2.award:2 out of2.00 pointsWhat is an ethical dilemma? A problem about what a firm should do, for which no clear, right decision is available.Application of ethics to the special problems and opportunities experienced by businesspeople.The expectations that communities have from businesses.Study and practice of decisions about what is good, or right.3.award:2 out of2.00 pointsWhich of the following laws would govern a dispute between a tenant and a landlord over payment of rent?Public lawCommercial law Private lawCorporate law4.award:2 out of2.00 pointsThe legality of a business decision is the _____ standard that must be met.maximaloptionalmoderate minimal5.award:2 out of2.00 pointsAcme manufactures food products and is opening a subsidiary in Country Z. The firm discovers that to obtain raw materials it has to bribe local officials and businesses in Country Z. The second option is to import raw materials from its own country, which will be expensive in the long-run. In this situation, Acme: is faced with an ethical dilemma.can apply the concept of virtue ethics.has no social responsibility toward Country Z.needs to only focus on profitability.6.award:0 out of40.00 pointsCindy ran her car over Hank in her company parking lot breaking his leg. That happened because, without warning, Cindys car brakes failed. Hank sues Cindy. Cindy decides to do nothing because she sees no way that she can win the lawsuit. Is she right? Why or why not? What would you suggest that she do in the civil litigation? Why is it important that Cindy proceed correctly and immediately at this point in the litigation?7.award:2 out of2.00 pointsWhich of the following is a way to take the universalization test for a business owner?Taking into account whether God would judge the decision to be correct or not. Considering the impact on the world if the decision were applied by all businesses.Putting himself in the position of the stakeholder and judging the decision.Informing the public of the business decision before it is taken.8.award:2 out of2.00 pointsWhat is the intent of the Sarbanes Oxley Act?Encouraging stakeholders to take a more active role in business.Setting limitations for Internet usage in business.Apprehending businesses who use unethical trading means. Promoting high standards of business ethics.9.award:2 out of2.00 pointsIn response to the trade unions demands, Firm Z holds an executive-level meeting. In the meeting, the executives weigh the monetary consequences of agreeing to the unions demands. Which theory of business ethics are they following?ConsequentialismRule utilitarianism Cost benefit analysisAct utilitarianism10.award:2 out of2.00 pointsWhich of the following concepts come under legal realism?Some higher law or body of moral principles connects all of us in the human community.Past practice was the product of careful thought.Certain ethical laws and principles believed to be morally right and above the laws devised by humans. Law can never be enforced with complete consistency.11.award:2 out of2.00 pointsNew statutory law can revoke _____ law.criminalcorporate caseprivate12.award:2 out of2.00 pointsWhy is ethical fundamentalism difficult to follow?It denies the existence of any fixed moral standards. The unquestionable nature of rules is overly inflexible.It does not offer specific-enough criteria to be useful in many real-world situations.It does not say how to evaluate someones actions.13.award:2 out of2.00 pointsWhich of the following laws is especially significant for businesses that operate in multiple legal jurisdictions?Trade law Case lawAdministrative lawRestatements of law14.award:2 out of2.00 pointsA labor union at a match factory protested against the unhealthy conditions in which they were required to work. Management refused to make changes since all the workers had signed an employment contract stating that they were willing to work in any condition provided by the factory. Despite the legal contract, the labor union has decided to litigate. On what grounds would their case, most likely, be fought?TraditionLegal realism Natural lawLegal positivism15.award:2 out of2.00 pointsA company is caught bribing government officials in foreign countries in order to establish and maintain its affiliate branches there. The fines levied on the company fall under which act?Foreign Criminal Practices Act Foreign Corrupt Practices ActInternational Modernization ActSarbanes Oxley Act16.award:2 out of2.00 pointsWhich of the following is an intended and essential purpose of law?To impose checks on citizens.To rely upon the goodwill of others.To demand respect. To encourage social justice.17.award:2 out of2.00 pointsWhy must multinational companies take into account the different ethical understandings that prevail in a different country?Business ethics can never produce a list of correct business decisions that all ethical businesses will make.Legal rules that govern the exchange have been shaped in large part by our sense of commercial ethics. Ethical conceptions shape business law and business relationships uniquely in each country.Law and business ethics serve as an interactive systeminforming and assessing each other.18.award:2 out of2.00 pointsA collection of rules and decisions made by government agencies is known as _____ law.common administrativecorporateagency19.award:2 out of2.00 pointsBusiness law consists of _____ that govern commercial relationships.traditional regulatory bodiesdominant systems and practices enforceable rules of conductconventional channels20.award:2 out of2.00 pointsThe difference between civil law versus criminal law is that, the guilty defendant of a: civil case is never incarcerated.civil case is either incarcerated or required to pay a fine.criminal case is always incarcerated.criminal case is never required to pay a fine.21.award:2 out of2.00 pointsEthical relativism holds that morality is _____.divineneutralobjective relative22.award:2 out of2.00 pointsWhich of the following laws is defined as, A collection of rules and laws put forth by legislating bodies? Statutory lawAdministrative lawCommon lawConstitutional law23.award:2 out of2.00 pointsA restaurant regularly overfills trash cans in the alley and improperly disposes left-over meat and other perishables. Which of the following laws will regulate this incident?Criminal and public lawPublic and civil law Public lawPrivate law24.award:2 out of2.00 pointsWhy must firms honor, to some extent, the social responsibility to business?The community often imposes restrictions on firms that only provide a useful good or services.Most communities have similar expectations of businesses.The community expects businesses to obey certain standards of fairness, except when the standards interfere with profit maximization. Firms are always subject to the implicit threat that legislation will impose social obligations on them.25.award:2 out of2.00 pointsWhich of the following theories of business ethics is most concerned with human relationships?Deontology Ethics of careUtilitarianismVirtue ethics26.award:2 out of2.00 pointsA garment manufacturing company wants to shift from being a supplier to a retailer. Which of the following will govern the legal aspects of this decision?Corporate law Business lawAdministrative lawEmployment law27.award:2 out of2.00 pointsWong owned a laundry store in Colorado but had to move to Salt Lake City, Utah for personal reasons. He wants to establish another laundry store in the new city. He can find information regarding local taxes if he refers to: local ordinances.local laws.local codes.local statutes.28.award:2 out of2.00 pointsNot letting morality interfere with the obedience of law comes under which concept?TraditionNatural law Legal positivismIdentification with the vulnerable29.award:2 out of2.00 pointsThe definition of business ethics refers to _____ of business conduct.correct decisionsdefinitive listslegality standards30.award:2 out of2.00 pointsWhich of the following statements is true according to the categorical imperative of deontology?No decision taken by the business manager can be wrong as morality is subjective.A business manager should put himself in the shoes of the person to be affected by his decision and then decide.A business manager should choose the action which yields the greatest amount of pleasure over pain for all involved. A business decision can be evaluated on the basis that it would be consistent for everyone in society to take the same decision.31.award:2 out of2.00 pointsThe U.S. Code contains legislative acts passed by the _____.House of RepresentativesSenatePresident U.S. Congress
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