BUL4421 MIDTERM EXAM QUESTIONS
AND ANSWERS 100% CORRECT
Which of the following are types of due process? - ANSWER-Procedural and
substantive
The first _____ amendments to the U.S. Constitution are known as the Bill of Rights. -
ANSWER-Ten
if a law prevents individuals from exercising a fundamental right, the law will be subject
to_. - ANSWER-Strict scrutiny
Why must federal legislation that affects business be based on expressed constitutional
grant of authority? - ANSWER-Because the federal government has only those powers
granted to it by the Constitution.
Why must federal legislation that affects business be based on expressed constitutional
grant of authority? - ANSWER-Because the federal government has only those powers
granted to it by the Constitution.
Which of the following is true regarding the Fifth Amendment's protection against self-
incrimination? - ANSWER-A person does not have to be e a a witness against himself
or herself in a criminal case.
When can government agents obtain a search warrant? - ANSWER-When they can
establish probable cause
A[n] clause has been defined as one i which the terms are "manifestly unfair or
oppressive and are dictated by a dominant party." - ANSWER-Unconscionable
When is an arbitrator's decision called an "award"? - ANSWER-Always
A(n) is a provision in a contract that mandates that all disputes arising under the
contract must be settled by arbitration. - ANSWER-Binding arbitration clause
Which of the following is true regarding the remedy if a party does not abide by an
agreement reached in mediation? - ANSWER-The remedy is sue for breach of contract.
According to the text, positive points of arbitration involve(s) which of the following? -
ANSWER-Arbitration is generally less expensive than litigation.
, Which of the following is true regarding the use of legal counsel at arbitration
proceedings? - ANSWER-.It is up to each of the parties. They may have legal counsel,
or they may not.
Which of the following is the minimal standard essential for the development of business
ethics? - ANSWER-The legality of a decision
Which of the following is the forceful and unlawful taking of personal property? -
ANSWER-Robbery
Bank teller Ben receives $1,000 from a customer for deposit into the customer's bank
account. Instead of placing the money into the customer's account, Ben puts it into his
pocket. Which of the following offenses has he committed? - ANSWER-Embezzlement
Strict liability is a term used to describe which of the following? - ANSWER-Liability
without fault.
Which of the following Supreme Court cases established the right to counsel before
questioning by the police? - ANSWER-Miranda v. Arizona
An ethical theory that urges managers to take those actions that provide the greatest
pleasure after having subtracted the pain or harm associated with the action in question
is called - ANSWER-Utilitarianism
What do the letters "WPH" mean in reference to the "WPH framework for Business
Ethics" discussed in the text? - ANSWER-Who, Purpose, and How
Which of the following are stakeholders of a business? - ANSWER-Shareholders,
employees, customers, and management
Positive abstractions that capture our sense of what is good desirable are called -
ANSWER-Values
At trial a defense lawyer states that evidence should not be admitted because it is "fruit
of the poisonous tree." Upon which of the following is the attorney relying? - ANSWER-
The exclusionary rule
Of which of the following must a defendant be informed before questioning? -
ANSWER-That the defendant has the right to consult an attorney before speaking to the
police.
Of which of the following must a defendant be informed before questioning? -
ANSWER-a. That the defendant has the right to consult an attorney before speaking to
the police.
When courts rely on precedent, they are obeying - ANSWER-Stare decisis
AND ANSWERS 100% CORRECT
Which of the following are types of due process? - ANSWER-Procedural and
substantive
The first _____ amendments to the U.S. Constitution are known as the Bill of Rights. -
ANSWER-Ten
if a law prevents individuals from exercising a fundamental right, the law will be subject
to_. - ANSWER-Strict scrutiny
Why must federal legislation that affects business be based on expressed constitutional
grant of authority? - ANSWER-Because the federal government has only those powers
granted to it by the Constitution.
Why must federal legislation that affects business be based on expressed constitutional
grant of authority? - ANSWER-Because the federal government has only those powers
granted to it by the Constitution.
Which of the following is true regarding the Fifth Amendment's protection against self-
incrimination? - ANSWER-A person does not have to be e a a witness against himself
or herself in a criminal case.
When can government agents obtain a search warrant? - ANSWER-When they can
establish probable cause
A[n] clause has been defined as one i which the terms are "manifestly unfair or
oppressive and are dictated by a dominant party." - ANSWER-Unconscionable
When is an arbitrator's decision called an "award"? - ANSWER-Always
A(n) is a provision in a contract that mandates that all disputes arising under the
contract must be settled by arbitration. - ANSWER-Binding arbitration clause
Which of the following is true regarding the remedy if a party does not abide by an
agreement reached in mediation? - ANSWER-The remedy is sue for breach of contract.
According to the text, positive points of arbitration involve(s) which of the following? -
ANSWER-Arbitration is generally less expensive than litigation.
, Which of the following is true regarding the use of legal counsel at arbitration
proceedings? - ANSWER-.It is up to each of the parties. They may have legal counsel,
or they may not.
Which of the following is the minimal standard essential for the development of business
ethics? - ANSWER-The legality of a decision
Which of the following is the forceful and unlawful taking of personal property? -
ANSWER-Robbery
Bank teller Ben receives $1,000 from a customer for deposit into the customer's bank
account. Instead of placing the money into the customer's account, Ben puts it into his
pocket. Which of the following offenses has he committed? - ANSWER-Embezzlement
Strict liability is a term used to describe which of the following? - ANSWER-Liability
without fault.
Which of the following Supreme Court cases established the right to counsel before
questioning by the police? - ANSWER-Miranda v. Arizona
An ethical theory that urges managers to take those actions that provide the greatest
pleasure after having subtracted the pain or harm associated with the action in question
is called - ANSWER-Utilitarianism
What do the letters "WPH" mean in reference to the "WPH framework for Business
Ethics" discussed in the text? - ANSWER-Who, Purpose, and How
Which of the following are stakeholders of a business? - ANSWER-Shareholders,
employees, customers, and management
Positive abstractions that capture our sense of what is good desirable are called -
ANSWER-Values
At trial a defense lawyer states that evidence should not be admitted because it is "fruit
of the poisonous tree." Upon which of the following is the attorney relying? - ANSWER-
The exclusionary rule
Of which of the following must a defendant be informed before questioning? -
ANSWER-That the defendant has the right to consult an attorney before speaking to the
police.
Of which of the following must a defendant be informed before questioning? -
ANSWER-a. That the defendant has the right to consult an attorney before speaking to
the police.
When courts rely on precedent, they are obeying - ANSWER-Stare decisis
