BUL3130 Exam 1 | UPDATED Questions with 100% Verified
Answers
Question: All business leaders and academics agree that the primary ethical and legal duty of corporations is to
maximize shareholder value.
Answer:
False
Question: The __________ Act illustrates that corporate conduct violating society's expectations can result in
new forms of regulation without regard for feasibility or cost.
Answer:
Dodd-Frank Wall Street Reform and Consumer Protection
Question: Which of the following is true regarding shareholder primacy?
Answer:
It is legally mandated only in very narrow circumstances.
Question: According to St. Thomas Aquinas, only laws that followed __________ were true and just.
Answer:
eternal law
Question: Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally
__________ doctrine.
Answer:
subversive
Question: Which of the following is true regarding the growth of socially responsible mutual funds?
Answer:
Both America and Europe have seen growth in socially responsible funds.
Question: The Deontological theory focuses on the consequences of an action rather than on the motivation of
the individual.
Answer:
False
Question: The Organization of Economic Cooperation and Development (OECD) is:
, Answer:
comprised of nations form North America, Europe, and Asia-Pacific.
Question: Under the Teleological theory, the ethical good of an action is judged by the effect of the action on
others.
Answer:
True
Question: Some companies, like Nike and Adidas, are now auditing supplier working conditions and posting
the results at the Fair Labor Association website.
Answer:
True
Question: Which of the following international organizations adopted a convention criminalizing bribes to
government officials and recommending a prohibition on the tax deductibility of bribes?
Answer:
The Organization of Economic Cooperation and Development
Question: If a company employee chooses to follow orders (and breaks the law) the fact that his supervisor
ordered him to do so is a complete defense at a criminal trial.
Answer:
False
Question: The two main schools of ethical thought are teleological and deontological.
Answer:
True
Question: The obligation of a company's directors to manage the corporation for the best interest of the
__________ is recognized as the primary obligation of directors of a corporation.
Answer:
corporation
Answers
Question: All business leaders and academics agree that the primary ethical and legal duty of corporations is to
maximize shareholder value.
Answer:
False
Question: The __________ Act illustrates that corporate conduct violating society's expectations can result in
new forms of regulation without regard for feasibility or cost.
Answer:
Dodd-Frank Wall Street Reform and Consumer Protection
Question: Which of the following is true regarding shareholder primacy?
Answer:
It is legally mandated only in very narrow circumstances.
Question: According to St. Thomas Aquinas, only laws that followed __________ were true and just.
Answer:
eternal law
Question: Nobel prize winner Milton Friedman asserts that "social responsibility" is a fundamentally
__________ doctrine.
Answer:
subversive
Question: Which of the following is true regarding the growth of socially responsible mutual funds?
Answer:
Both America and Europe have seen growth in socially responsible funds.
Question: The Deontological theory focuses on the consequences of an action rather than on the motivation of
the individual.
Answer:
False
Question: The Organization of Economic Cooperation and Development (OECD) is:
, Answer:
comprised of nations form North America, Europe, and Asia-Pacific.
Question: Under the Teleological theory, the ethical good of an action is judged by the effect of the action on
others.
Answer:
True
Question: Some companies, like Nike and Adidas, are now auditing supplier working conditions and posting
the results at the Fair Labor Association website.
Answer:
True
Question: Which of the following international organizations adopted a convention criminalizing bribes to
government officials and recommending a prohibition on the tax deductibility of bribes?
Answer:
The Organization of Economic Cooperation and Development
Question: If a company employee chooses to follow orders (and breaks the law) the fact that his supervisor
ordered him to do so is a complete defense at a criminal trial.
Answer:
False
Question: The two main schools of ethical thought are teleological and deontological.
Answer:
True
Question: The obligation of a company's directors to manage the corporation for the best interest of the
__________ is recognized as the primary obligation of directors of a corporation.
Answer:
corporation
