MG260 Business Law I Unit 8 FInal Exam

Question 1

pts

Appellate courts hear issues of law.

True

False



Question 2

pts

Mediation is binding.

True

False



Question 3

pts

Discussing the exam questions with other business law students who have not taken the exam would be
considered cheating.

True

False



Question 4

pts

Statutory law is also known as case law or judge-made law.

True

False



Question 5

pts

Trial courts hear issues of fact.

True

, False



Question 6

pts

In determining the ethics of an alternative, the ___________ theory would encourage a decision maker
to consider the benefit and cost to society as a whole.

Justice theory

Rights theory

Utilitarianism

Profit maximization



Question 7

pts

According to the guidelines to ethical decision making, in most ethical situations, only two alternatives
exist.

True

False



Question 8

pts

Stakeholders are limited to shareholders.

True

False



Question 9

pts

Ethical standards can come from the following sources:

Personal ethics

Professional standards for ethics

Corporate codes of ethics