Law and Ethics

If your boss fires you without giving you a reason and deny you the ability to appeal your case, they have violated which of the following ethical principles? -Care -Common good -Justice -Virtue

-Justice

Which of the following is CORRECT? The only time public has noticable influence over public policy is when their interest coincide with the interest of the affluent class The 400 richest families pay the same percentage of their income in taxes as the bottom 50% of the population Majority of both Democrats and Republicans want government run health care, affordable child care, drug price control All of the answers are correct

All of the answers are correct

Which of the following is NOT associated with strong unions? Social equalization More secure retirement Upward mobility Better educational opportunities

Better educational opportunities

Surveys show Americans hold a dim view of The military Churches Nurses Business executives

Business executives

Hiring former government officials for lobbying positions on behalf of corporations is Common practice Violates the Government in the Sunshine Act of 1977 Violates the Employment Act of 1946 Violates the Fair Labor Standards Act of 1938.

Common practice

IMF loans requiring the recipient countries to lower tariffs and reduce government regulations and spending on social programs Are criticized for discouraging foreign investment Contribute to economic stagnation Facilitate smooth transition to free market economy Result in economic growth and prosperity for most people

Contribute to economic stagnation

International Monetary Fund (IMF) and the World Bank influence labor markets by Demanding protection for basic worker's rights Eliminating worst forms of child Labol Demanding structural changes in return for their loans Eliminating discrimination in respect of employment and occupation

Demanding structural changes in return for their loans

Which of the following is NOT one of the requirements of corporate citizenship? Corporations paying their employees fair wages Educated CEOs Corporations paying their fair share of taxes Equality before the law

Educated CEOs

Of the following International Labor Organization Conventions which one is ratified by the United States? Elimination of forced and compulsory labor convention Freedom of association and collective bargaining convention Elimination of discrimination in respect of employment and occupation Abolition of child labor

Elimination of forced and compulsory labor convention

According to Archie Carroll, ethical responsibilities of corporations Refer to societal requirement that business organizations be able to sustain themselves Embrace practices and standards that are expected or prohibited by society even though they are not codified into law Are minimal ground rules under which businesses are expected to operate and function Include business's voluntary or discretionary activities

Embrace practices and standards that are expected or prohibited by society even though they are not codified into law

Government regulations are designed in part to Control business decisions Ensure competition and public's access to societal goods Protect private investments overseas Creat new markets

Ensure competition and public's access to societal goods

A restriction on commercial speech is valid as long as it forbids the expression of views on divisive issues True False

False

Administrative law is a source of American law that is comprised of statutes. True False

False

As interpreted by the Supreme Court, the First Amendment does not protect corporate political speech True False

False

Based on CEOs actions after their Business Roundtable issued its 2019 "Fundamental commitment to all stakeholders," the prospects for corporate citizenship look very promising. True False

False

Federal judges are appointed by the Senate upon presidential nomination. True False

False

If the meaning of a statute's language is unclear and an agency interprets it, a court must overturn the interpretation True False

False

If you are a person of color you have been twice as likely to have maintained your level of wealth during the Covid-19 Pandemic compared to the White population in the United States True False

False

Importance of interest groups (for example those representing business interests) in policy making ends when Congress passes legislation True False

False

International law is the law of a foreign nation and varies from country to country. True False

False

Karr's article shows clearly the effectiveness of American anti-trust laws in safeguarding competition. True False

False

Supply-side economics relies on tax-cuts, government spending, and regulation to jump start and maintain economic growth. True False

False

The data discussed by Robert Eccles shows that most businesses respect their commitment to protection of human rights True False

False

The fact that people are capable of acts of indescribable moral cruelty suggests the weakness of studies that show humans are born with a moral code True False

False

Watching the video "How Billionaires Got $637 Billion Richer During The Pandemic," it is unavoidable to reach the conclusion that if we have a "nanny state" it is a nanny that is hired to pamper the poor and the lazy. True False

False

The Equal Pay Act prohibits employers and unions from paying different wages based on the employee's Gender National origin Ethnicity Religion

Gender

Fiscal, Monetary, and Supply-side policies are examples of Government correcting the market Business influence on government Government organizing the market Government creating new markets

Government correcting the market

Which of the following is INCORRECT regarding hiring discrimination? It violates fundamental human rights of the person to earn a living Hiring discrimination is often linked to the applicants qualifications The right to gainful employment is linked to other basic human rights It violate other rights such as the right to food, health, and education

Hiring discrimination is often linked to the applicants qualifications

According to Aaron Glantz and Emmanuel Martinez, homeownership gap between Whites and African Americans It was wider in 2018 than it was during the Jim Crow period has been narrowing since 1970s narrowed significantly due to Donald Trump's expertise in real estate is narrower in 2018 than ever before

It was wider in 2018 than it was during the Jim Crow period

Recalling the video, One Night in Bhopal, once the accident happened, the Union Carbide executives were most concerned with Law suits by the victims or their families Providing medical assistance to the residents of Bhopal Getting Warren Anderson out of Jail Providing immediate financial assistance to the victims

Law suits by the victims or their families

A member of Congress intervening with a federal agency on behalf of a constituent is an example of Multilayered representation Checks and balances in a system of separated institutions Legislators involvement in policy administration Congressional oversight

Legislators involvement in policy administration

Government purchasing goods and services from the private sector or subsidizing the wages of the working poor are examples of Regulatory policies Non-regulatory policies Supply-side economics Market manipulations

Non-regulatory policies

As discussed in lecture, which of the following is NOT one of the reasons why in the United States we need CSR? Economic insecurity Business legitimacy Income inequality Political equality

Political equality

In the last several decades, corporations have used their economic power to purchase political power in order to do all the following EXCEPT Extend patents Limit market entrance by new players Limit government enforcement of market rules Promote social welfare programs

Promote social welfare programs

In states where employers could no longer ask applicants if they had been arrested in the past Racial gap in call backs increased Gender call back gap decreased Racial gap in call backs decreased Racial call back gap did not change

Racial gap in call backs increased

In the long-term, right to work laws Reduce community services Allows workers to put more of their income into their retirement savingss Increases the tax base as more people will find jobs Enhance labor rights

Reduce community services

Which of the following is correct? Administrative law is made up of practices developed over centuries Statutory law command or prohibit something Common law concerns equality, fairness, and justice Case law establishes rights, responsibilities, and privileges

Statutory law command or prohibit something

De facto school segregation is but one example of Systemic discrimination Insufficient investment in public transportation Employer discrimination against minorities Lower tax base in minority communities

Systemic discrimination

The 60 Minutes piece, "Opioid crisis fueled by drug industry and Congress," showed how the drug industry used ---------- to do what it wanted to do regardless of consumers' rights to safety, information, or redress. The legislative process The administrative process The administrative and the legislative process in addition to the revolving door" The "revolving door"

The administrative and the legislative process in addition to the revolving door"

A majority of the American public, regardless of partisan affiliation, wants the federal government to play a greater positive role in their lives True False

True

According to Peggy McIntosh racism is not simply about putting others in a disadvantage but also about bestowing on White people certain unearned advantageous. True False

True

Administrative law consists of the rules, orders, and decisions of administrative agencies. True False

True

Administrative rules have binding legal effect unless the courts later overturn them True False

True

As Chase Madar reminds us, many GOP voters have told opinion polls that they hate Obamacare, but like the Affordable Care Act True False

True

As Glantz and Martinezne argue, one result of housing discrimination is that the net worth of Black families is about 1/15th of White families True False

True

As women are promoted, the gender pay gap increases. True False

True

Based on the data provided by Dina Gerdeman, if you are Asian or Black but could go through a screen and emerge as a White person, you would automatically (almost) double your chances of making it through the first cut regardless of your credentials. True False

True

Businesses cannot operate without government rules and regulations. True False

True

Children are born with a moral code. However, this moral code is not fully developed True False

True

Consequentialism requires businesses to take care that their profit making requirements do not violate basic human rights such as fair remuneration or a safe environment. True False

True

For McGee, Supreme Court's Hobby Lobby decision subjects the rights of a company's employees to the religious beliefs of it's owners True False

True

Greenfield believes that corporate personhood is in fact a good thing because it could be an instrument to enforce accountability on corporate misdeeds True False

True

If you are a person of color you are twice as likely to have zero or negative wealth compared the White population in the United States True False

True

In nearly half the cases of gender pay gap, the differences cannot be explained by women's education or job experience. True False

True

Labor unions are gender and race equalizers. True False

True

The Norris-LaGuardia Act effectively declared a national policy permitting employees to organize True False

True

The WSJ Christopher Rhoads and Loretta Chao article detailing Siemens-Nokia partnership to sell the government of Iran sophisticated Internet monitoring systems knowing that they will be used by a government with a poor human rights record provides additional indication that in pursuit of profits, to some corporations, human rights are a matter of supreme indifference. True False

True

Which of the following is NOT a correct trend since the 1970s? Increase worker productivity Increase corporate profits Flat wages Wage increases commensurate with higher productivity

Wage increases commensurate with higher productivity

Based on Peggy McIntosh's formulation which of the following are correct regarding White Privilege? (Select all answers that are correct) white privilege is an invisible weightless knapsack of special provisions, maps, passports, codebooks, visas, clothes, tools and blank checks whites are taught to think of their lives as morally neutral, normative, and average, and also ideal white privilege is an invisible package of unearned assets which I can count on cashing in each day whites are carefully taught not to recognize white privilege, as males are taught not to recognize

all ?

If as a manager you believe ethical considerations are outside of business concerns, you are... an immoral manager an a moral manager a moral manager you are a Miltonian (Freidman) manager

an a moral manager

In modern societies the foundation of all laws is called common Law statutory law constitutional law administrative law

constitutional law

As mentioned in the video, "How Billionaires Got $637 Billion Richer During The Pandemic," one important reason corporations did substantially better than individuals in the years after the 2008 housing crash was that corporations received much more assistance from the government than individuals corporations' wealth was not concentrated in the housing market individuals were given much less aid by the government because their debt was due to irresponsible spending the public wasted the government assistance on unnecessary purchases

corporations received much more assistance from the government than individuals

The period of "corporate stewardship" represented a time when businesses wholeheartedly supported a regulatory government advocated close business relationship with government believed strongly in necessity of a large federal role in the economy did not necessarily want a big government

did not necessarily want a big government

Which of the following is True according to Dynarski? unions only widen the divide between labor and management unionization in one company results in managers in other companies unit against labor organizing unions wages results in inflation and job losses for those with limited formal education and for women union membership increases economic security

for those with limited formal education and for women union membership increases economic security

The video, "How Billionaires Got $637 Billion Richer During The Pandemic," shows how much the success of companies and their owners in weathering repeated economic storms and emerging with even more wealth is the result of hard work that pays off in large profits that cushion them during economic downturn deregulation that has limited government intervention government policies that are designed to protect them during tough times their willingness to play fair and take care of the stakeholders

government policies that are designed to protect them during tough times

Taylor finds that for an ethical company to be successful financially it must develop a convincing code of conduct has to think long-term must have a clear track to added financial benefits in the short-term has to have a powerful message

has to think long-term

The case of GSK's Dr. Yamada is indicative of the futility of expecting shareholders to be concerned about anything except large returns on their investment the immoral bubble most CEOs live in the difficulties of introducing morality into business decisions how corporations can use ethical consideration in their decisions and continue to be financially successful

how corporations can use ethical consideration in their decisions and continue to be financially successful

Edwardo's Pizza files a suit against the state of Wisconsin, claiming that a Wisconsin state law violates the commerce clause by limiting the compay to the list of national vendors it can buy cheese from. The Supreme Court will agree if the statute imposes a substantial burden on local governments interstate commerce state's cheese loving population state's regulatory powers

interstate commerce

Blodget argues for companies to reduce labor cost concentrate on shareholder returns defeat unions invest more in their workers

invest more in their workers

The aftermath of the hoax carried out by "The Yes Men" showed the importance of which of the following to at least some corporations the importance of human life long-term reputation profits above all else ethical conduct

profits above all else

Karr's article clearly shows the role of government in increasing the cost of Internet services to both the companies and the consumers hindering market innovation through over regulation safeguarding a competitive market slowing down introduction of faster Internet services in the US through overregulation

safeguarding a competitive market

Greenfield quotes Steven Pearlstein who wrote for Washington Post: "What began in the 1970s and '80s as a useful corrective to self-satisfied managerial mediocrity has become a corrupting, self-interested dogma peddled by finance professors, money managers and over-compensated corporate executives." What is Pearlstein referring to? trickledown economics shareholder primacy corporate personhood codetermination

shareholder primacy

Both Dynarski and Blodget emphasize the positive correlation between labor unions and fairer income distribution the need for strong government support for labor rights the strong correlation between unions and labor strife the need for new laws that would support management right to fight union membership campaigns

the positive correlation between labor unions and fairer income distribution

Martin Gilens uses more than thirty years of data to show all of the following to be true EXCEPT US democracy is unequal and that inequality is growing when Congress and President are from different political parties government policies are more representative of what the majority wants while American democracy is vastly unequal, the gap between those who have lots of influence and those who have little has been closing the more competitive an election is the more representative policies will be

while American democracy is vastly unequal, the gap between those who have lots of influence and those who have little has been closing

The housing policies of the federal government after WWII ensured that in the long-term people of color would be able to buy nice houses in white neighborhoods move out of rental market and owned their home see increase in the value of their property would not be able to accumulate wealth

would not be able to accumulate wealth