Business Law Practice Quizzes ch 3 BBG231.docx

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Business Law Practice Quizzes Chapter 3 Business Ethics and Corporate Social Responsibility Multiple Choice Quiz 3 Business Ethics and Corporate Social Responsibility 11 T/F 16 Multiple Choice 1 Corporate managers only need to follow the ethical standards codified by law. A) True B) False 2 Utilitarianism is based on the exclusive idea that managers should only makes decisions that maximize profits. A) True B) False 3 Corporate norms sometimes consider illegal actions to be acceptable. A) True B) False 4 The Sarbanes-Oxley Act applies to both private and public corporations. A) True B) False 5 Market forces may not always reveal unknown harms. A) True B) False 6 Kant's categorical imperative is an example of utilitarian philosophy. A) True B) False 7 Personal ethics play a fundamental role in deciding what is ethical business behavior. A) True B) False 8 Justice theory focuses on the outcome of a decision. A) True B) False 9 All "grease payments" under the Foreign Corrupt Practices Act are illegal. A) True B) False 10 All American Products, a U.S. firm, sells books in Spain. Helena, a citizen of Spain, works for All American Products in Spain. If Helena illegally bribes a Spanish official, All American Products will never be liable for Helena's actions. A) True B) False 11 Efficient allocation of society's scare resources will maximize profits and promote all sections of society. A) True B) False 12 The problem with looking to "values that find wide acceptance" as a guide to ethical corporate behavior is that: A) modern life holds a diversity of conflicting ethical views.
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