B-Law: Chapter 2-3

Venue

....is concerned with the most appropriate physical location for a trial. (Jurisdiction, minimum contacts, venue, or federal diversity)

The Utilitarian

A cost-benefit analysis is part of...(duty-based ethics approach, corporate social responsibility, the principle of rights theory, or the Utilitarian model)

Arbitration

Cornel and Deanna resolve their dispute over the destruction of Cornel's real property due to Deanna's excavation for an irrigation pond, by having a neutral third party render a binding decision. This would be...(arbitration, conciliation, intervention, rendition)

False

If a party is unhappy about the decision of their case in their state supreme court, and it was a case involving state law, they can appeal it to the Federal Supreme Court.

True

In a case involving Internet transactions, jurisdiction can be met by a state through minimum contacts if the company conducts substantial business in that jurisdiction through online contracts or sales.

True

In the cost-benefit analysis utilitarian model, the focus is to always do the most amount of good for the most amount of people.

False

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired), instead of subjective impacts on stakeholders.

Unethically

Managers who set unrealistic production or sales goals increase the probability that employees will act: (ethically, unethically, illegally, no act at all)

A legal code of ethics

Many companies try and link ethics with law through creating: (an external publicized code of conduct, an internal code of conduct, a legal code of ethics, or a code that applies to the public)

The court must have jurisdiction over the parties and the subject matter

One party wants to file a suit against another in state court. For a court to hear the case...(both parties must consent to the law suit, the court must have jurisdiction over the parties and the subject matter, the parties must have diversity of citizenship and the claim must be more than $75,000 , or the parties must both own property within the state.)

The power of judicial review

The 1803 decision of the United States Supreme Court in the case of Marbury v. Madison established...(the jurisdiction of the courts, the concept of voir dire, the power of judicial review, or the concept of revenue)

True

The authority of a court to hear and decide a specific case is called jurisdiction.

True

The landmark case of Marbury v. Madison set the decision and precedent for judicial review.

False

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

False

The triple bottom line is a measure that includes: a corporation's profit, its impact on people, and how the corporation feels about it.

How decisions impact relations with foreign nations

The triple bottom line looks at all of the following except...(How decisions impact profit/revenue, how decisions impact sustainability, how decisions impact employees and consumers, or how decisions impact relations with foreign nations)

Long-arm and minimum contacts jurisdictions

Tyler, a citizen of Utah, files a suit in a Utah state court against SeaCoast Sales Corporation, a Washington state company that does regular business in Utah. Utah state court would have jurisdiction over SeaCoast because of: (subject matter jurisdiction, long-arm and minimum contacts jurisdiction, federal question jurisdiction, Utah wold not have state jurisdiction over SeaCoast.)

True

Under a state long-arm statute, a court can exercise jurisdiction over certain nonresident defendants based on their activities within the state.

False

Under the "stakeholder view," there is no group that ever has a greater stake in company decisions than the shareholders do.

The moral minimum

With respect to what society will tolerate, a company's compliance with the law, and no more, is...(The highest ethical level, the moral minimum, the only ethical level, irrelevant)