BUL4421 midterm UPDATED Questions
and CORRECT Answers
Which of the following are types of due process? - CORRECT ANSWER - Procedural and
substantive
The first _____ amendments to the U.S. Constitution are known as the Bill of Rights. -
CORRECT ANSWER - Ten
if a law prevents individuals from exercising a fundamental right, the law will be subject to_. -
CORRECT ANSWER - Strict scrutiny
Why must federal legislation that affects business be based on expressed constitutional grant of
authority? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT 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." - CORRECT ANSWER - Unconscionable
When is an arbitrator's decision called an "award"? - CORRECT ANSWER - Always
, A(n) is a provision in a contract that mandates that all disputes arising under the contract must be
settled by arbitration. - CORRECT 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? - CORRECT ANSWER - The remedy is sue for breach of contract.
According to the text, positive points of arbitration involve(s) which of the following? -
CORRECT ANSWER - Arbitration is generally less expensive than litigation.
Which of the following is true regarding the use of legal counsel at arbitration proceedings? -
CORRECT 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?
- CORRECT ANSWER - The legality of a decision
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 -
CORRECT ANSWER - Utilitarianism
What do the letters "WPH" mean in reference to the "WPH framework for Business Ethics"
discussed in the text? - CORRECT ANSWER - Who, Purpose, and How
Which of the following are stakeholders of a business? - CORRECT ANSWER -
Shareholders, employees, customers, and management
Positive abstractions that capture our sense of what is good desirable are called - CORRECT
ANSWER - Values
and CORRECT Answers
Which of the following are types of due process? - CORRECT ANSWER - Procedural and
substantive
The first _____ amendments to the U.S. Constitution are known as the Bill of Rights. -
CORRECT ANSWER - Ten
if a law prevents individuals from exercising a fundamental right, the law will be subject to_. -
CORRECT ANSWER - Strict scrutiny
Why must federal legislation that affects business be based on expressed constitutional grant of
authority? - CORRECT 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? - CORRECT 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? - CORRECT 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? - CORRECT 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." - CORRECT ANSWER - Unconscionable
When is an arbitrator's decision called an "award"? - CORRECT ANSWER - Always
, A(n) is a provision in a contract that mandates that all disputes arising under the contract must be
settled by arbitration. - CORRECT 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? - CORRECT ANSWER - The remedy is sue for breach of contract.
According to the text, positive points of arbitration involve(s) which of the following? -
CORRECT ANSWER - Arbitration is generally less expensive than litigation.
Which of the following is true regarding the use of legal counsel at arbitration proceedings? -
CORRECT 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?
- CORRECT ANSWER - The legality of a decision
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 -
CORRECT ANSWER - Utilitarianism
What do the letters "WPH" mean in reference to the "WPH framework for Business Ethics"
discussed in the text? - CORRECT ANSWER - Who, Purpose, and How
Which of the following are stakeholders of a business? - CORRECT ANSWER -
Shareholders, employees, customers, and management
Positive abstractions that capture our sense of what is good desirable are called - CORRECT
ANSWER - Values
