BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS
Why Is Studying Business Ethics Important? - (answer) Profit maximization & rise of corporate
citizenship.
Moral Minimum - (answer) The minimum acceptable standard for ethical business behavior, normally
considered to be compliance with the law.
Duty Based Ethics - (answer) derived from religious and philosophical principles.
Religious Ethical Standards - (answer) The rightness or wrongness of an action is usually judged
according to its conformity to an absolute rule that commands a particular form of behavior.
Principle of Rights - (answer) Every duty gives rise to a corresponding right. Ethicality of an action is
judged by how the consequences of the action will affect the rights of others.
Kantian Ethics - (answer) The rightness or wrongness of an action is judged by estimating the
consequences that would follow if everyone in a society performed the act under consideration.
Outcome-Based Ethics: Utilitarianism - (answer) An action is ethical based on whether it produces the
greatest good for the greatest number of people upon which it has an effect. "If it affects the majority
adversely, it is morally wrong"
Utilitarianism requires: - (answer) Determination of individuals affected; Cost-Benefit analysis, and
choice among alternative actions.
Corporate Social Responsibility - (answer) CSR is the idea that those who manage corporations should
be accountable to society for their actions.
Systematic Approach - (answer) 1.Inquiry
2.Discussion
3.Decision
4.Justification
,BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS
5.Evaluation
Foreign Corrupt Practices Act - (answer) FCPA does not permit "grease" payments to minor officials.Nor
does FCPA prohibit payments to foreign officials which are lawful in that country. Nor does FCPA prohibit
payments to private companies, unless the US firm knows the payments will go to an official.
Police powers - (answer) To protect or promote the public order, health, safety, morals, and general
welfare.
Privileges and Immunities Clause - (answer) Prevents state from imposing unreasonable burdens on
citizens - particularly with regard to basic and essential activities.
Full Faith and Credit Clause - (answer) Ensures that any judicial decision with respect to such property
rights will be honored and enforced in all states.
Legislative - (answer) Congress: Creates laws.
Executive - (answer) (President/Agencies): Enforce laws
Judicial - (answer) (Federal Courts): Interprets laws
The Commerce Clause - (answer) To prevent states from establishing laws and regulations that would
interfere with trade and commerce among the states, the U.S. Constitution explicitly permits Congress
"to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.
"Dormant" Commerce Clause. - (answer) Comes into play when state regulations affect interstate
commerce. In this situation, the courts weigh the state's interest in regulating a certain matter against
the burden that the state's regulation places on interstate commerce
, BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS
The Supremacy Clause and Federal Preemption. - (answer) In case of direct conflict between state and
federal law, state law is invalid A valid federal statute or regulation will take precedence over a conflicting
state or local statute.
Preemption - (answer) occurs when Congress chooses to act exclusively when national and state
governments have concurrent powers
Bill of Rights are not absolute. - (answer) True; If it needs to be restricted, it will be.
Do businesses have freedom of speech? - (answer) Only when it comes to politics.
Advertising is protected speech. - (answer) True; Restrictions must: Implement substantial government
interest; Directly advance that interest; and go no further than necessary.
Types of speech are not protected by the first amendment: - (answer) Slander or Defamation. Obscene
Speech (Miller v. California). Fighting Words
Procedures depriving an individual of her rights must be fair and equitable. - (answer) True
Constitution requires adequate notice and a fair and impartial hearing before a disinterested magistrate.
- (answer) True
Strict Scrutiny - (answer) Laws that affect the fundamental rights of similarly situated individuals in a
different manner are subject to the "strict scrutiny" test. Under this standard, the classification must be
necessary to promote a compelling state interest. Also, any "suspect class" (race, national origin) must
serve a "compelling state interest" which includes remedying past discrimination.
Intermediate Scrutiny - (answer) Applied to laws involving gender or legitimacy. To be constitutional
laws must be substantially related to important government objectives.
(EXAMPLE: Illegitimate teenage pregnancy).
DETAILED ANSWERS
Why Is Studying Business Ethics Important? - (answer) Profit maximization & rise of corporate
citizenship.
Moral Minimum - (answer) The minimum acceptable standard for ethical business behavior, normally
considered to be compliance with the law.
Duty Based Ethics - (answer) derived from religious and philosophical principles.
Religious Ethical Standards - (answer) The rightness or wrongness of an action is usually judged
according to its conformity to an absolute rule that commands a particular form of behavior.
Principle of Rights - (answer) Every duty gives rise to a corresponding right. Ethicality of an action is
judged by how the consequences of the action will affect the rights of others.
Kantian Ethics - (answer) The rightness or wrongness of an action is judged by estimating the
consequences that would follow if everyone in a society performed the act under consideration.
Outcome-Based Ethics: Utilitarianism - (answer) An action is ethical based on whether it produces the
greatest good for the greatest number of people upon which it has an effect. "If it affects the majority
adversely, it is morally wrong"
Utilitarianism requires: - (answer) Determination of individuals affected; Cost-Benefit analysis, and
choice among alternative actions.
Corporate Social Responsibility - (answer) CSR is the idea that those who manage corporations should
be accountable to society for their actions.
Systematic Approach - (answer) 1.Inquiry
2.Discussion
3.Decision
4.Justification
,BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS
5.Evaluation
Foreign Corrupt Practices Act - (answer) FCPA does not permit "grease" payments to minor officials.Nor
does FCPA prohibit payments to foreign officials which are lawful in that country. Nor does FCPA prohibit
payments to private companies, unless the US firm knows the payments will go to an official.
Police powers - (answer) To protect or promote the public order, health, safety, morals, and general
welfare.
Privileges and Immunities Clause - (answer) Prevents state from imposing unreasonable burdens on
citizens - particularly with regard to basic and essential activities.
Full Faith and Credit Clause - (answer) Ensures that any judicial decision with respect to such property
rights will be honored and enforced in all states.
Legislative - (answer) Congress: Creates laws.
Executive - (answer) (President/Agencies): Enforce laws
Judicial - (answer) (Federal Courts): Interprets laws
The Commerce Clause - (answer) To prevent states from establishing laws and regulations that would
interfere with trade and commerce among the states, the U.S. Constitution explicitly permits Congress
"to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.
"Dormant" Commerce Clause. - (answer) Comes into play when state regulations affect interstate
commerce. In this situation, the courts weigh the state's interest in regulating a certain matter against
the burden that the state's regulation places on interstate commerce
, BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL EXAM COMPLETE 250 QUESTIONS AND CORRECT
DETAILED ANSWERS
The Supremacy Clause and Federal Preemption. - (answer) In case of direct conflict between state and
federal law, state law is invalid A valid federal statute or regulation will take precedence over a conflicting
state or local statute.
Preemption - (answer) occurs when Congress chooses to act exclusively when national and state
governments have concurrent powers
Bill of Rights are not absolute. - (answer) True; If it needs to be restricted, it will be.
Do businesses have freedom of speech? - (answer) Only when it comes to politics.
Advertising is protected speech. - (answer) True; Restrictions must: Implement substantial government
interest; Directly advance that interest; and go no further than necessary.
Types of speech are not protected by the first amendment: - (answer) Slander or Defamation. Obscene
Speech (Miller v. California). Fighting Words
Procedures depriving an individual of her rights must be fair and equitable. - (answer) True
Constitution requires adequate notice and a fair and impartial hearing before a disinterested magistrate.
- (answer) True
Strict Scrutiny - (answer) Laws that affect the fundamental rights of similarly situated individuals in a
different manner are subject to the "strict scrutiny" test. Under this standard, the classification must be
necessary to promote a compelling state interest. Also, any "suspect class" (race, national origin) must
serve a "compelling state interest" which includes remedying past discrimination.
Intermediate Scrutiny - (answer) Applied to laws involving gender or legitimacy. To be constitutional
laws must be substantially related to important government objectives.
(EXAMPLE: Illegitimate teenage pregnancy).
