BLAW Ch.3 T/F
true
A tenant's interest in fundamental fairness might outweigh the landlord's interest in freedom of trade
true
An accumulation of complaints from employees, customers, or investors can lead to imposition of restrictive new regulations and laws
true
Both freedom from political domination and freedom from economic domination are personal rights protected under United States law
true
Civil disobedience is the remedy natural law proponents use to change positive law
false
Despite the importance of ethical behavior for business success, few Fortune 500 companies have codes of ethics to resolve ethical dilemmas
false
Differences among businesses preclude the development of any universal categories of ethical behavior
false
Economic growth tends to be fastest among developing countries where payments to key administrators can increase transaction efficiency
true
Escape clauses are mechanisms created to promote flexibility in the administration of laws that appear unfair in particular circumstances
false
Ethical conduct is desirable but not necessary; business should be conducted through sole reliance on positive law and its enforcement in the courts
true
Ethical violations can cause lasting detriment to a company's ability to do business through impacts on the company's reputation
true
Ethics is a philosophical concept that deals with values related to the nature of human conduct
true
Evidence suggests that there may be relationships among ethical customer and employee relations and long-term ability to pay dividends
true
In addition to issues of social responsibility, business values and ethics play an important role in the success or failure of a business
false
In applying the stakeholder model of business ethics, only the interests of important constituencies affected by an action need to be satisfied
false
Individual intentions, as expressed in contracts and wills, will not be given effect in the United States unless expressly authorized by law
true
Moral standards based on positive law may allow businesses to conduct themselves unfairly so long as their actions are not illegal
false
Mortgages, security interests, and surety relationships are legal mechanisms created primarily to promote stability and flexibility in trade
true
Over half of all Fortune 500 firms train their employees to recognize and deal with particular types of behavior that breach their ethical codes
true
Protection against fraud and exploitation are found both in securities laws and Food and Drug Administration regulations
false
Recognizing that an ethical dilemma exists is usually far more difficult than resolving the dilemma once its existence is recognized
true
Regulation of the Federal Reserve system, negotiable instruments, and installment credit transactions are designed largely to facilitate trade
false
Situational ethics is a moral system who rigidity makes it unnecessary to examine motivation behind conduct in order to label it right or wrong
false
The field of business ethics recognizes that social values typically must yield to the profitability
true
The often competing rights of both debtors and creditors are balanced and protected from excesses under United States law
true
There is often a conflict between the goal of making money for shareholders and the goal of solving social problems through business
true
Trust is a fundamental basis of the capitalist system that is central to the expectations of investors, customers, and other firm stakeholders
false
Under United States law, the legal owner (titleholder) of property is free to engage in any use of the property that he or she may desire
false
Unfortunately, there is no evidence that commitment to ethical values is linked with financial performance of business organizations
false
United States common law requires that case precedents be followed under all circumstances
false
Unwillingness of businesses to voluntarily improve the ethics of their practices has little practical effect on the regulatory environment
