chapter 42.doc - Business Law 9e Cheeseman Chapter 42...

Business Law, 9e (Cheeseman)
Chapter 42 Ethics and Social Responsibility of Business
1) ________ is a set of moral principles or values that governs the conduct of an individual or a
group.
A) Rationality
B) Evolution
C) Ethics
D) Reason
Answer: C
Diff: 1
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
2) Which of the following cases describes an agreement of ethics and laws?
B
Diff: 2
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
3) ________ Act is a federal statute that permits private parties to sue companies for fraud on
behalf of the government and share in any monetary recovery.
D
Diff: 1
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept

4) The Whistleblower Statute is also known as the ________.
C
Diff: 1
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
5) All laws are framed to meet the highest ethical standards.
Diff: 1
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept
6) Ethics refers to a set of principles laid down by the society which an individual is expected to
follow.
Diff: 1
Skill: Legal Concepts
LO: 42.1 Describe how law and ethics intertwine.
AACSB: Analytical thinking
Classification: Concept