,DOWNLOAD THE Test Bank for Essentials of Business Law 6th Edition
TRUE/FALSE Beatty
1 : Ethics is the study of how people should behave.
A : true
B : false
Correct Answer : A
2 : Life Principles are set by your parents and do not change over time.
A : true
B : false
Correct Answer : B
3 : Ethical behavior always pays off financially for businesses.
A : true
B : false
Correct Answer : B
4 : Unethical behavior is a bar to financial success.
A : true
B : false
Correct Answer : B
5 : John Akers, former chairman of IBM, argued that ethics are not important to economic
competitiveness.
A : true
B : false
Correct Answer : B
6 : Society is hurt when business managers behave ethically.
A : true
B : false
Correct Answer : B
7 : Researchers who study happiness find that good health, companionship, and enjoyable
leisure activities all contribute more to happiness than money does.
A : true
B : false
Correct Answer : A
8 : Generally speaking, managers feel better about themselves when they behave ethically.
A : true
B : false
Correct Answer : A
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9 : ResearchTHE Testthat
indicates Bank for are
consumers Essentials of Business
willing to pay more for a product Law 6th
that they Edition
believe to
be ethically produced. Beatty
A : true
B : false
Correct Answer : A
10 : A company that engages in unethical behavior may suffer severe consequences.
A : true
B : false
Correct Answer : A
11 : Wever, Inc. is considering relocating a facility to Mexico. The interests of the various
stakeholders affected by this decision may conflict.
A : true
B : false
Correct Answer : A
12 : Utilitarian ethics holds that decisions should be made on the basis of practicality, and
whatever action is most convenient should be favored.
A : true
B : false
Correct Answer : B
13 : Deontologists would agree that the increasing medical concern over obesity in the United
States justifies federal regulation of high fat, high sugar, low nutrition food advertising during
childrens television programs.
A : true
B : false
Correct Answer : A
14 : Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics.
A : true
B : false
Correct Answer : B
15 : Under utilitarian ethics, if a decision maximizes happiness in the most people and
minimizes pain, it is ethical.
A : true
B : false
Correct Answer : A
MULTIPLE CHOICE
16 : What is ethics?
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A : Always THE
tellingTest
the truthBank for Essentials of Business Law 6th Edition
B : The study of how people should behaveBeatty
C : Following the law
D : The rules by which you live your life
Correct Answer : B
17 : Dahlia is in the process of developing her set of Life Principles. She asks you for your
advice. Which of the following statements will you tell Dahlia is important for her to follow when
developing her Life Principles?
A : The focus of her Life Principles should reflect what the law says is right or wrong.
B : It is better to develop Life Principles that are general in nature rather than ones that are too
specific.
C : Her Life Principles should be based on her own values.
D : Her Life Principles should be based on the moral standards dictated by society.
Correct Answer : C
18 : Which person argued that a corporate managers primary responsibility is to the
shareholders of the organization and that managers should make the company as profitable as
possible while also complying with the law?
A : John Rawls
B : John Stuart Mill
C : Immanuel Kant
D : Milton Friedman
Correct Answer : D
19 : John Johnson is a customer of company ABC. As such, John is a(n)
A : shareholder.
B : customer and stakeholder.
C : customer only.
D : stakeholder only.
Correct Answer : B
20 : Which of the following is NOT a stakeholder?
A : a business competitor.
B : shareholders.
C : employees.
D : customers.
Correct Answer : A
21 : Which of the following statements best exemplifies how society as a whole benefits from
ethical behavior?
A : Consumers are willing to pay more for a product they believe to be ethically produced.
B : People feel better when they behave ethically.
C : Unethical behavior can be very costly.
D : Ethical behavior builds trust which is important in all of our relationships.
Correct Answer : D
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TRUE/FALSE Beatty
1 : Ethics is the study of how people should behave.
A : true
B : false
Correct Answer : A
2 : Life Principles are set by your parents and do not change over time.
A : true
B : false
Correct Answer : B
3 : Ethical behavior always pays off financially for businesses.
A : true
B : false
Correct Answer : B
4 : Unethical behavior is a bar to financial success.
A : true
B : false
Correct Answer : B
5 : John Akers, former chairman of IBM, argued that ethics are not important to economic
competitiveness.
A : true
B : false
Correct Answer : B
6 : Society is hurt when business managers behave ethically.
A : true
B : false
Correct Answer : B
7 : Researchers who study happiness find that good health, companionship, and enjoyable
leisure activities all contribute more to happiness than money does.
A : true
B : false
Correct Answer : A
8 : Generally speaking, managers feel better about themselves when they behave ethically.
A : true
B : false
Correct Answer : A
mynursytest.store 1/8
,DOWNLOAD
9 : ResearchTHE Testthat
indicates Bank for are
consumers Essentials of Business
willing to pay more for a product Law 6th
that they Edition
believe to
be ethically produced. Beatty
A : true
B : false
Correct Answer : A
10 : A company that engages in unethical behavior may suffer severe consequences.
A : true
B : false
Correct Answer : A
11 : Wever, Inc. is considering relocating a facility to Mexico. The interests of the various
stakeholders affected by this decision may conflict.
A : true
B : false
Correct Answer : A
12 : Utilitarian ethics holds that decisions should be made on the basis of practicality, and
whatever action is most convenient should be favored.
A : true
B : false
Correct Answer : B
13 : Deontologists would agree that the increasing medical concern over obesity in the United
States justifies federal regulation of high fat, high sugar, low nutrition food advertising during
childrens television programs.
A : true
B : false
Correct Answer : A
14 : Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics.
A : true
B : false
Correct Answer : B
15 : Under utilitarian ethics, if a decision maximizes happiness in the most people and
minimizes pain, it is ethical.
A : true
B : false
Correct Answer : A
MULTIPLE CHOICE
16 : What is ethics?
mynursytest.store 2/8
, DOWNLOAD
A : Always THE
tellingTest
the truthBank for Essentials of Business Law 6th Edition
B : The study of how people should behaveBeatty
C : Following the law
D : The rules by which you live your life
Correct Answer : B
17 : Dahlia is in the process of developing her set of Life Principles. She asks you for your
advice. Which of the following statements will you tell Dahlia is important for her to follow when
developing her Life Principles?
A : The focus of her Life Principles should reflect what the law says is right or wrong.
B : It is better to develop Life Principles that are general in nature rather than ones that are too
specific.
C : Her Life Principles should be based on her own values.
D : Her Life Principles should be based on the moral standards dictated by society.
Correct Answer : C
18 : Which person argued that a corporate managers primary responsibility is to the
shareholders of the organization and that managers should make the company as profitable as
possible while also complying with the law?
A : John Rawls
B : John Stuart Mill
C : Immanuel Kant
D : Milton Friedman
Correct Answer : D
19 : John Johnson is a customer of company ABC. As such, John is a(n)
A : shareholder.
B : customer and stakeholder.
C : customer only.
D : stakeholder only.
Correct Answer : B
20 : Which of the following is NOT a stakeholder?
A : a business competitor.
B : shareholders.
C : employees.
D : customers.
Correct Answer : A
21 : Which of the following statements best exemplifies how society as a whole benefits from
ethical behavior?
A : Consumers are willing to pay more for a product they believe to be ethically produced.
B : People feel better when they behave ethically.
C : Unethical behavior can be very costly.
D : Ethical behavior builds trust which is important in all of our relationships.
Correct Answer : D
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