Quiz2 - 1. CHAPTER 2: BUSINESS ETHICS AND SOCIAL...

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Unformatted text preview: 1. CHAPTER 2: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Question MC #15 Who suggests that a corporation best serves by serving its shareholders? Student Response Value Correct Answer Feedback 1. Immanuel Kant 2. Milton Friedman 3. Warren Buffett 0% 4. Andrew Cuomo Score: 0/1 2. CHAPTER 2: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Question TF #37 Sarbanes-Oxley is the most extensive regulation of companies since the 1933 and 1934 Securities laws. Student Response Value Correct Answer Feedback 1. False 2. True 100% Score: 1/1 3. CHAPTER 2: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Question MC #39 Jane Eyring works for PharmaMeds, Inc. Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMeds new oral spray medication for individuals with adult onset diabetes. Jane has discovered that if those in the test group do not spray the medicine correctly or if they spray for too short of a time, the medicine is not effective, or as effective, and insulin shock has resulted in a few of the patients. Jane talks with one of her colleagues who responds, Look, theres no need to stop the testing or the drugs release. Just tell them in the test and in the brochures that will be with the spray, Spray correctly! If you do not, you may not receive your necessary dose. Jane is not sure anyone can be 100% accurate in spraying all the time. Whom is affected by Janes decision, regardless of what decision she makes? Student Response Value Correct Answer Feedback 1. customers 2. all of the above 100% 3. shareholders 4. Jane and her reputation Score: 1/1 4. CHAPTER 2: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Question TF #10 An employees actions away from the job has no relevance to his or her employer. Student Response Value Correct Answer Feedback 1. True 2. False 100% Score: 1/1 5. CHAPTER 2: BUSINESS ETHICS AND SOCIAL RESPONSIBILITY Question MC #25 Which of the following is not an element of the Nash test? Student Response Value Correct Answer Feedback 1. Is it legal? 100% 2. Could I discuss this decision with the affected parties? 3. Will I feel as good over the long term about this decision? 4. How did I get into this situation in the first place?...
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This note was uploaded on 01/22/2011 for the course BUS 401 taught by Professor John during the Fall '08 term at Bucks New University.

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Quiz2 - 1. CHAPTER 2: BUSINESS ETHICS AND SOCIAL...

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