Question 1
4 out of 4 points
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
Answer
Selected Answer:
III only
Correct Answer:
III only
Question 2
4 out of 4 points
Corporate director or officer decisions to dedicate corporate funds for social causes is
called:
Answer
Selected Answer:
Corporate Social Responsibility (CSR)
Correct Answer:
Corporate Social Responsibility (CSR)
Question 3
4 out of 4 points
The best example of a source for virtue ethics for a business is
Answer
Selected Answer:
the corporate mission statement.
Correct Answer:
the corporate mission statement.
Question 4
, 0 out of 4 points
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.
Answer
Selected Answer:
I and II
Correct Answer:
III only
Question 5
4 out of 4 points
Select the best definition of ethics:
Answer
Selected Answer:
a set of relatively unclear principles regarding what we should do.
Correct Answer:
a set of relatively unclear principles regarding what we should do.
Question 6
4 out of 4 points
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?
Answer
Selected
Answer: The immense wealth of a corporation allows it to be the most accurate
in providing messages to people.
Correct
Answer: The immense wealth of a corporation allows it to be the most accurate
in providing messages to people.
, Question 7
4 out of 4 points
All of the following are considered exceptions to the general rule that there is no duty to
rescue except:
Answer
Selected
Answer: Witnessing an accident – this creates a duty to step in and help the
injured
Correct Answer:
Witnessing an accident – this creates a duty to step in and help the
injured
Question 8
4 out of 4 points
Exceptions to the rule of employment-at-will include which of the following?
I. organization of unions
II. passage of Sarbanes Oxley Act
III. raising of public policy issues
IV. promise of implied-contract or covenant-of-good-faith
Answer
Selected Answer:
I, II, III, IV
Correct Answer:
I, II, III, IV
Question 9
4 out of 4 points
To determine whether a public employee receives First Amendment protection from
speech (and therefore cannot be fired for it), the Supreme Court has stated that all of the
following are important except:
Answer
Selected Answer:
The speech cannot be about political topics.
Correct Answer:
The speech cannot be about political topics.
4 out of 4 points
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
Answer
Selected Answer:
III only
Correct Answer:
III only
Question 2
4 out of 4 points
Corporate director or officer decisions to dedicate corporate funds for social causes is
called:
Answer
Selected Answer:
Corporate Social Responsibility (CSR)
Correct Answer:
Corporate Social Responsibility (CSR)
Question 3
4 out of 4 points
The best example of a source for virtue ethics for a business is
Answer
Selected Answer:
the corporate mission statement.
Correct Answer:
the corporate mission statement.
Question 4
, 0 out of 4 points
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.
Answer
Selected Answer:
I and II
Correct Answer:
III only
Question 5
4 out of 4 points
Select the best definition of ethics:
Answer
Selected Answer:
a set of relatively unclear principles regarding what we should do.
Correct Answer:
a set of relatively unclear principles regarding what we should do.
Question 6
4 out of 4 points
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?
Answer
Selected
Answer: The immense wealth of a corporation allows it to be the most accurate
in providing messages to people.
Correct
Answer: The immense wealth of a corporation allows it to be the most accurate
in providing messages to people.
, Question 7
4 out of 4 points
All of the following are considered exceptions to the general rule that there is no duty to
rescue except:
Answer
Selected
Answer: Witnessing an accident – this creates a duty to step in and help the
injured
Correct Answer:
Witnessing an accident – this creates a duty to step in and help the
injured
Question 8
4 out of 4 points
Exceptions to the rule of employment-at-will include which of the following?
I. organization of unions
II. passage of Sarbanes Oxley Act
III. raising of public policy issues
IV. promise of implied-contract or covenant-of-good-faith
Answer
Selected Answer:
I, II, III, IV
Correct Answer:
I, II, III, IV
Question 9
4 out of 4 points
To determine whether a public employee receives First Amendment protection from
speech (and therefore cannot be fired for it), the Supreme Court has stated that all of the
following are important except:
Answer
Selected Answer:
The speech cannot be about political topics.
Correct Answer:
The speech cannot be about political topics.
