Law and Legal Environment Exam 1
It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.
True
Managers must apply the same ethical standards to their employees as they do to themselves.
True
Some provisions of U.S. bribery laws are directed toward accountants.
True
Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except:
Absolution
In a suit by the National Forest Preservation Organization (NFPO) against Old Growth Logging, Inc., NFPO serves a written request for Old Growth to admit the truth of matters relating to the trial. Old Growth's admission in response is the equivalent of
An admission in court
Lacey files a civil suit against Mischa. To succeed, Lacey must prove her case:
By a preponderance of the evidence
A court official makes a record of the attorney's questions and the CEO's answers
Deposition
The jury returns a verdict in the plaintiff's favor. The plaintiff will most likely ask the court to:
Enter a judgement in accordance with the verdict
Compliance with these laws is not always sufficient to determine "right" behavior because:
Ethical problems occur in business
A motion for a new trial will be granted only if the trial judge feels that it is appropriate to grant a judgement for the other side
False
Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.
False
Interrogatories are written questions for which written answers are prepared by a judge
False
No party can appeal a judge's ruling on a pretrial motion
False
Under the principle of rights theory, one person's principles are as "right" as another's.
False
Voir dire refers to the seriousness of the controversy in a case
False
Housemate, Inc., makes and sells a variety of household products. With a fair amount of certainty, Housemate's decision makers can predict whether a given business action would be legal in:
Many situations
Morgan and other executive officers of Regional Economic Development Associates, Inc., apply the utilitarian theory of ethics in business contexts. Utilitarianism focuses on:
Moral values
If the case is appealed to an appropriate court of appeals, the appellate court will hear:
None of the evidence
Any decision by the management of Fast-Food Franchise Corporation may significantly affect its:
Operators, owners, suppliers, the community, or society as a whole.
In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes:
Right or wrong behavior l
A legitimate reason for the examination of the documents is:
The information is relevant to the case
An answer can deny the allegations made in a complaint
True
