Business Law Exam 2: Chapters 42 quiz questions

Which of the following is an INCORRECT statement regarding​ Rawls's social justice​ theory? A. One criticism of this theory is that establishing the blind​ "original position" for choosing moral principles is impossible in the real world. B. Under this​ theory, a​ "veil of​ ignorance" would permit the fairest possible principles to be selected. C. Under this​ theory, free enterprise is considered the essence of justice. Your answer is correct.D. One criticism of this theory is that many persons in society would choose not to maximize the benefit to the least advantaged persons in society. E. Under this​ theory, the principles of justice should be chosen by persons who do not yet know their station in society.

C

Under​ _____, a person looks to an outside source for ethical rules or commands.

ethical fundamentalism

Ethics and the law are​ _____.

intertwined

Which of the following is an INCORRECT statement regarding Kantian​ ethics? A. A criticism of Kantian ethics is that it is difficult to reach consensus on what the universal rules should be. B. ​Kant's philosophy is based on the premise that people can use reasoning to reach ethical decisions. C. Kant believed that people owe moral duties that are based on conditional rules. Your answer is correct.D. ​Kant's ethical theory would have people behave according to the categorical​ imperative, "Do unto others as you would have them do unto​ you." E. According to Kantian​ ethics, keeping a promise to abide by a contract is a moral duty even though that contract turns out to be detrimental to the obligated party.

C

Which of the following is NOT true about​ Rawls' social justice​ theory? A. As a​ caveat, Rawls also proposed that the least advantaged in society must receive special assistance to realize their potential. B. One criticism of​ Rawls' social justice theory is that many persons in society would choose not to maximize the benefit to the least advantaged persons in society. C. One criticism of​ Rawls' social justice theory is that establishing the blind​ "original position" for choosing moral principles is impossible in the real world. D. A criticism of​ Rawls' social justice theory is that it is difficult to reach consensus on what the universal rules should be. Your answer is correct.E. Fairness is considered the essence of justice under​ Rawls' social justice theory.

D

Which of the following is an INCORRECT statement regarding ethical​ fundamentalism? A. A literal interpretation of the maxim​ "an eye for an​ eye" would permit retaliation. B. Under ethical​ fundamentalism, a person looks to an outside source for ethical rules or commands. C. Critics argue that ethical fundamentalism does not permit people to determine wrong for themselves. D. Under ethical​ fundamentalism, the people must choose the action or follow the rule that provides the greatest good to society. Your answer is correct.E. Taken to an​ extreme, the result of ethical fundamentalism could be considered unethical under most other moral theories.

D

Some proponents of corporate social responsibility argue that a​ corporation's duty is to make a profit while avoiding causing harm to others. This is the​ _____ theory of social responsibility.

moral minimum

According to, _____________, people owe moral duties that are based on universal rules

Kantian Ethics

In POM​ Wonderful, LLC v.​ Coca-Cola Company​, the court held that​ ________.

POM could proceed with an action under section 43 of the Lanham Act

Section 406 of the​ _____ Act requires a public company to disclose whether it has adopted a code of ethics for senior financial​ officers, including its principal financial officer and principal accounting officer.

Sarbanes-Oxley

​_____ dictates that people must choose the action or follow the rule that provides the greatest good to society.

Utilitarianism

​_____ is a moral theory with origins in the works of Jeremy Bentham and John Stuart Mill.

Utilitarianism

The universal rules of Kantian ethics are based on two important​ principles: 1) consistency - that ​is, _________________, with no​ exceptions-and 2) reversibility - that ​is, ____________________ the morality of someone​ else's conduct.

all cases are treated​ alike; the actor must abide by the rule he or she uses to judge

Which of the following is NOT true about the social responsibility of​ business? A. Corporations and businesses are considered to have some degree of responsibility for their actions under corporate social responsibility theory. B. Social responsibility requires that business decisions be based solely on a​ cost-benefit analysis and how they affect the bottom line. C. Social responsibility requires corporations and businesses to act with awareness of the consequences and impact that their decisions will have on others. D. In the​ past, many business decisions were based solely on a​ cost-benefit analysis and how they affected the bottom line. E. Decisions made by businesses have​ far-reaching effects on society.

b

Which of the following is an INCORRECT statement regarding​ utilitarianism? A. Utilitarianism has been criticized because it is difficult to apply in an imperfect world. B. Utilitarianism dictates that people must choose the action or follow the rule that provides the greatest good to society. This means the greatest good for the greatest number of people. C. Utilitarianism has been criticized because it treats morality as if it were an impersonal mathematical calculation. D. Utilitarianism dictates that people must choose the action or follow the rule that provides the greatest good to society. E. Utilitarianism has been criticized because it is difficult to estimate the​ "good" that will result from different actions.

b

Which of the following is an INCORRECT statement regarding law and​ ethics? A. The law establishes a minimum degree of conduct expected by persons and businesses in society. B. Not all ethical standards have been enacted as law. C. Businesses organized in the United States are not subject to the laws of other countries in which they operate. Your answer is correct.D. Ethics demands more than the minimum degree of conduct expected by persons and businesses in society. E. Most laws are based on ethical standards.

c

The universal rules of Kantian ethics are based on which of the following two important​ principles?

consistency and reversibility

The​ _____ theory of social responsibility argues that business has a responsibility to improve society and help solve social problems.

corporate citizenship

Which of the following is NOT a recognized theory of the social responsibility of​ business? A. maximize profits B. moral minimum C. stakeholder interest D. corporate citizenship E. societal harmony

e

If a person looks to Karl Marx for ethical rules or​ commands, this is an example of​ _____.

ethical fundamentalism

If a person looks to the Bible or Koran for ethical rules or​ commands, this is an example of​ _____.

ethical fundamentalism

​_____ holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.

ethical relativism

​_____ is also called duty ethics.

kantian ethics

What is the traditional view of the social responsibility of​ business?

maximize profits

Occupational safety laws that establish minimum safety standards for protecting employees from injuries in the workplace are an example of​ ________.

moral minimum

Under​ _____, fairness is considered the essence of justice.

rawls social justice theory

A company is trying to determine whether it should close an unprofitable plant located in a small community.​ _____ would require that the benefits to shareholders from closing the plant be compared with the benefits to​ employees, their​ families, and others in the community from keeping it open.

utilitarianism

If an action would increase the good of 25 people by one unit each and an alternative action would increase the good of one person by 26​ units, then, according to​ _____, the latter action should be taken.

utilitarianism