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Test Bank For Dynamic Business Law 5E
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All Chapters Covered | Rated A+ | Newest Edition | Exam-Ready
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DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
Dynamic Business Law, 5e (Kubasek)
Chapter 2 Business Ethics
1) Ethical conversation is primarily about finding the one and only right thing to do.
Answer: FALSE
Explanation: Ethical conversation is less about finding the one and only right thing to do than it
is about finding the better thing to do.
Difficulty: 1 Easy Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
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2) Business ethics is the application of ethics to the special problems and opportunities
experienced by business people.
Answer: TRUE
Explanation: Ethics is the study and practice of decisions about what is good or right. Ethics
guides us when we are wondering what we should be doing in a particular situation. Business
ethics is the application of ethics to the special problems and opportunities experienced by
business people.
Difficulty: 2 Medium Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
3) Business ethics and regular ethics are the exact same.
Answer: FALSE
Explanation: The definition of ethics is the study and practice of decisions about right and
wrong while business ethics refers to the application of ethics to special problems and
opportunities that business people face.
Difficulty: 2 Medium
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
4) Social responsibility of business deals with the expectations that a community would impose
1
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DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
on a firm doing business in their community.
Answer: TRUE
Explanation: The social responsibility of business consists of the expectations that the
community imposes on firms doing business inside its borders.
Difficulty: 2 Medium Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
5) Insurer American International Group (AIG) is well known in the insurance industry for its
ethical business practices.
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Answer: FALSE
Explanation: Because of risky bets it made insuring mortgage-backed securities, the company
collapsed and received the largest federal bailout in U.S. history. AIG became the source of
widespread public outrage when it paid out millions in bonuses two days before its bailout.
Difficulty: 2 Medium Page Ref: 17-18
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
6) The Foreign Corrupt Practices Act makes it unlawful for a U.S. person to make payments to a
foreign official to obtain or retain business with any person.
Answer: TRUE
Explanation: The Foreign Corrupt Practices Act makes it unlawful for a U.S. person to make
payments to a foreign official for the purposes of obtaining or retaining business with any
person.
Difficulty: 2 Medium
Topic: Business Law and Business Ethics
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Diversity
Accessibility: Keyboard Navigation
2
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
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DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
7) In some countries, businesses must pay bribes to receive supplies they need to stay in
business.
Answer: TRUE
Explanation: In some countries, businesses must pay bribes to receive legitimate supplies.
Although the business person may be morally opposed to paying bribes, the supplies are
necessary to stay in business, so companies face an ethical dilemma.
Difficulty: 2 Medium Page Ref: 18
Topic: Business Law and Business Ethics
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Diversity
Accessibility: Keyboard Navigation
8) In an ethical analysis using the WH Framework referenced in the text, owners are the most
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important stakeholders and should receive the greatest consideration in decision making
regardless of the type of problem addressed.
Answer: FALSE
Explanation: The WH framework considers whom the decision would affect, purpose for why
we make decisions (values), and how to make ethical decisions.
Difficulty: 2 Medium Page Ref: 22
Topic: The WH Framework for Business Ethics
Learning Objective: 02-03 Analyze business decisions using the WH framework.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
9) Under the WH framework the "W" stands for Who and the "H" stands for help.
Answer: FALSE
Explanation: The WH in the WH Framework stands for "Who" and "How".
Difficulty: 1 Easy
Topic: The WH Framework for Business Ethics
Learning Objective: 02-03 Analyze business decisions using the WH framework.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
3
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
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Test Bank For Dynamic Business Law 5E
primedocs
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All Chapters Covered | Rated A+ | Newest Edition | Exam-Ready
primedocs
, primedocs
DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
Dynamic Business Law, 5e (Kubasek)
Chapter 2 Business Ethics
1) Ethical conversation is primarily about finding the one and only right thing to do.
Answer: FALSE
Explanation: Ethical conversation is less about finding the one and only right thing to do than it
is about finding the better thing to do.
Difficulty: 1 Easy Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
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2) Business ethics is the application of ethics to the special problems and opportunities
experienced by business people.
Answer: TRUE
Explanation: Ethics is the study and practice of decisions about what is good or right. Ethics
guides us when we are wondering what we should be doing in a particular situation. Business
ethics is the application of ethics to the special problems and opportunities experienced by
business people.
Difficulty: 2 Medium Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
3) Business ethics and regular ethics are the exact same.
Answer: FALSE
Explanation: The definition of ethics is the study and practice of decisions about right and
wrong while business ethics refers to the application of ethics to special problems and
opportunities that business people face.
Difficulty: 2 Medium
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
4) Social responsibility of business deals with the expectations that a community would impose
1
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
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, primedocs
DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
on a firm doing business in their community.
Answer: TRUE
Explanation: The social responsibility of business consists of the expectations that the
community imposes on firms doing business inside its borders.
Difficulty: 2 Medium Page Ref: 16
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
5) Insurer American International Group (AIG) is well known in the insurance industry for its
ethical business practices.
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Answer: FALSE
Explanation: Because of risky bets it made insuring mortgage-backed securities, the company
collapsed and received the largest federal bailout in U.S. history. AIG became the source of
widespread public outrage when it paid out millions in bonuses two days before its bailout.
Difficulty: 2 Medium Page Ref: 17-18
Topic: Business Ethics and Social Responsibility
Learning Objective: 02-01 Distinguish between business ethics and the social responsibility of
business.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
6) The Foreign Corrupt Practices Act makes it unlawful for a U.S. person to make payments to a
foreign official to obtain or retain business with any person.
Answer: TRUE
Explanation: The Foreign Corrupt Practices Act makes it unlawful for a U.S. person to make
payments to a foreign official for the purposes of obtaining or retaining business with any
person.
Difficulty: 2 Medium
Topic: Business Law and Business Ethics
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Diversity
Accessibility: Keyboard Navigation
2
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
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mynursytest.store
, primedocs
DOWNLOAD THE Test Bank for Dynamic Business Law 5th Edition Kubasek
7) In some countries, businesses must pay bribes to receive supplies they need to stay in
business.
Answer: TRUE
Explanation: In some countries, businesses must pay bribes to receive legitimate supplies.
Although the business person may be morally opposed to paying bribes, the supplies are
necessary to stay in business, so companies face an ethical dilemma.
Difficulty: 2 Medium Page Ref: 18
Topic: Business Law and Business Ethics
Learning Objective: 02-02 Recognize the relationship between business law and business
ethics.
Bloom's: Understand
AACSB: Diversity
Accessibility: Keyboard Navigation
8) In an ethical analysis using the WH Framework referenced in the text, owners are the most
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important stakeholders and should receive the greatest consideration in decision making
regardless of the type of problem addressed.
Answer: FALSE
Explanation: The WH framework considers whom the decision would affect, purpose for why
we make decisions (values), and how to make ethical decisions.
Difficulty: 2 Medium Page Ref: 22
Topic: The WH Framework for Business Ethics
Learning Objective: 02-03 Analyze business decisions using the WH framework.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
9) Under the WH framework the "W" stands for Who and the "H" stands for help.
Answer: FALSE
Explanation: The WH in the WH Framework stands for "Who" and "How".
Difficulty: 1 Easy
Topic: The WH Framework for Business Ethics
Learning Objective: 02-03 Analyze business decisions using the WH framework.
Bloom's: Understand
AACSB: Ethics
Accessibility: Keyboard Navigation
3
Copyright 2019 © McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior
written consent of McGraw-Hill Education.
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