business law fall final
healthcare emphasized
1980s ethical climate
bribes and illegal contracting
1980s ethical dilemma
remaining calm and patient in a special case
According to Judge Parker, which of the following is an ethical behavior of lawyers
reserve requirements
Are regulations requiring commercial banks to keep a certain percentage of the money customers deposited on reserve each night
S Corporations
Avoid the "double taxation" concept because all income or loss is reported only once on the personal tax returns of the stockholders
centralized management
Consists of higher management communicating decisions to lower tiers
c corporations
Contain key workers consisting of directors, officers and shareholders -best for international businesses -best for businesses operating with high-risk industries
double taxation
Corporate income taxes are paid on profits and on stockholders' personal income on dividends
Equal Employment Opportunity Commission
EEOC stands for which of the following
OSHA
Federal agency regulating and investigating workplace incidents
workplace politics
Games played in a workplace environment to achieve status, advancement and money
US court of appeals
Has nationwide authority in areas including: -international trade -government contracts -patents -trademarks -specific money claims against the U.S. government
subpoena
Is a formal court order requiring a witness to appear in court
specific performance
John and Jane signed a contract for the sale of John's car. Jane breached the contract, so John sued her. The court is requiring Jane to fulfill the original contract. This is known as which of the following
business ethics
Professional standards of conduct, based on moral principles and values, guiding decision-making and actions
true
T or F: Capital is wealth in the form of money or property
true
T or F: Common law is based on precedents established by judges' decisions.
false
T or F: Selecting the best choice is final step of the ethical decision-making process
true
T or F: The Small Business Administration provides low-cost loans, advice and other assistance to small businesses.
false
T or F: The government discourages competition among businesses
6.5%
The Federal Reserve seeks an unemployment rate below _____________ percent
Allowed the government to break up companies with control of a market
The Sherman Antitrust Act of 1890 did which of the following
right-to-work laws
The Taft-Hartley Act of 1947 legalized which of the following
abuse of service
The use of civil service procedure for illegal reasons
False
Tor F: Amendment XIV to the U.S. Constitution in 1868 resulted in the prohibition of pay discrimination on the basis of sex
learn from the result
What is the last step of the ethical decision-making process
1915
What year was the Federal Trade Commission established
collective bargaining
When union representatives and management come together to discuss issues arising between employees and employers
in the 1970s
When was the Ethics Resource Center (ERC) established
Brown v. Board of Education
Which U.S. Supreme Court case involved a family suing a school system saying the segregation of schools was unfair and was hurting children
state courts
Which courts decide more than 95 percent of the nation's legal cases
Remain open-minded
Which of the following did Judge Parker NOT mention as one of the principles of ethics
Irrelevant and unimportant information should also be included when defining a problem.
Which of the following is INCORRECT when making an ethical decision
Amendment XIV to the U.S. Constitution in 1868
Which of the following is NOT a government regulation created to protect employees from unethical business practices
T corporation
Which of the following is NOT a type of corporation
Consumer Price Fixing Commission
Which of the following is NOT an agency which protects consumers
Encourages deceptive advertising
Which of the following is NOT an ethical issue raised due to technological advances in the workplace
When caring for a great-aunt or great-uncle with a serious medical condition
Which of the following is NOT an example of a situation in which an employee can apply the Family and Medical Leave Act of 1993
Employment contingent upon passing a drug screening
Which of the following is NOT an example of unethical behavior occurring in the workplace
Established codes of conduct and value statements
Which of the following is a business ethics development from the 1960s
must follow the parent companies business structure
Which of the following is a disadvantage of a franchise
tariff
Which of the following is the term for a special tax placed on foreign goods sold in the United States
What can we learn from this process?
Which of the following questions should NOT be asked during the step of identifying an ethical problem
make a choice based on company's profits
Which of the following should a person NOT do when facing an ethical dilemma
C corporation
Which type of corporation is subject to double taxation method
common laws
are based on precedents established by a judges decisions; began in england
issue of fact
argument between the two parties regarding the events which took place and caused the lawsuit to arise
moral behavior
conduct in accordance with what a person determines is right versus wrong
appellate courts
considered a reviewing court and determine appeals from the decisions of the trial courts; are generally called Supreme Courts of the State as they are the highest level of court system within a state
Tinker v. Des Moines, Iowa
court case that involved the right to freedom of speech
stakeholder
defined as "all the parties which interact with the business"
monetary policy
determines the size and rate of growth of the money supply
Legal actions are a responsibility of the corporation
explains the capacity to contract
trial court
hear all criminal cases other than minor offenses; can also be called county, district, superior, circuit or common pleas courts; keep thorough formal records of proceedings in order to have documentation if needed for appeals; do not have a limitation on the dollar amount of damages
affirm
keep the decision of the lower court in effect
staturory law
laws that are written by the legislative branch
claim
legal demand of an asset or right which one party owes another
financial cushion
money in savings which can pay expenses when income may not be accumulating
equity capital
money raised by a business or investor in exchange for a share of ownership of the company
breach of contract
occurs when one party intentionally or unintentionally does not fulfill their contractual obligations
The Age Discrimination in Employment Act of 1967
prohibits employment discrimination toward persons 40 years of age or older -applies to companieswith 15 or more employees
Writ of Certiorari
request made by an appellate court to reexamine the case
attachment
seizing of money or property prior to judgment in court
remand
send the judgment back to the lower court
the pleading
series of formal, written statements in which the plaintiff and defendant both state claims for defense regarding the matter being disputed
equity capital
the money raised by a business or investor in exchange for a share of ownership in the company
garnishment
used to collect a debt from a third party rather than directly from the defendant
angel investors
wealthy individuals who seek high returns through private investments
ethical dilemma
when people in business encounter a complex situation in which they have difficulty choosing between a moral and an immoral act
public watchdog
which of the following did Bryan Mudd use as an analogy to describe news reporters