PRACTICE EXAM QUESTIONS
WITH CORRECT DETAILED
ANSWERS | ALREADY GRADED
A+<RECENT VERSION>
1. Under ethical ________, a person looks to an outside source for ethical rules or
commands. - ANSWER fundamentalism
2. Utilitarianism is a moral theory which dictates that people must choose the action or
follow the rule that provides the ________. - ANSWER greatest good to society
3. ________ ethics are also referred to as Kantian ethics. - ANSWER duty
4. Under John Rawls's social justice theory, ________ is considered the essence of
justice - ANSWER fairness
5. Ethical ________ holds that individuals must decide what is ethical based on their
own feelings about what is right and wrong. - ANSWER relativism
6. Which traditional theory of social responsibility dominated business and the law
during the nineteenth century? - ANSWER maximizing profits
7. Which theory of social responsibility contends that a corporation's duty is to make
profits while avoiding harm to others? - ANSWER moral minimum
,8. Which theory of social responsibility asserts that a corporation must consider the
effects its actions have on persons other than its stakeholders? - ANSWER
stakeholder interest
9. Which theory of social responsibility says that a business has a responsibility to do
well? - ANSWER corporate citizenship
10. Immanuel Kant believed that people owe moral duties that are based on ________
rules. - ANSWER universal
11. Which individuals said that in a free society, "there is one and only one social
responsibility of business—to use its resources and engage in activities designed to
increase its profits as long as it stays within the rules of the game, which is to say,
engages in open and free competition without deception and fraud"? - ANSWER
Milton Friedman
12. Under which theory of social responsibility would corporations owe a duty to
subsidize schools and help educate children? - ANSWER corporate citizenship
13. Utilitarianism has its origins in the works of which individuals? - ANSWER John
Stuart and Jeremy Bentham
14. Whose ethical theory would have people behave according to the categorical
imperative "Do unto others as you would have them do unto you?" - ANSWER
Immanuel Kant
15. Which individuals proposed a social contract theory of morality? - ANSWER John
Locke
16. ______ is a moral theory that says people owe moral duties that are based on
universal rules.
"Do unto others as you would have them do unto you."
1) consistency
2) reversibility - ANSWER Kantian Ethics
,17. List the 5 theories of social responsibility of business. - ANSWER Ethical
fundamentalism, utilitarianism, Kantian ethics, Rawls' Theory of Social Justice,
ethical relativism
18. Who advocated the theory of maximizing profits for shareholders. "there is one and
only one social responsibility of business - to use its resources and engage in activities
designed to increase its profits as long as it stays within the rules of the game, which
is to say, engages in open and free competition without deception and fraud." -
ANSWER Milton Friedman
19. Federal ________ cases are cases arising under the United States Constitution,
treaties, and federal statutes and regulations. - ANSWER question
20. Federal courts have ________ jurisdiction to hear cases involving federal crimes,
antitrust, bankruptcy, patent and copyright cases, suits against the United States, and
most admiralty cases. - ANSWER exclusive
21. ________ of citizenship occurs if a lawsuit involves citizens of different states, or a
citizen of a state and a citizen or subject of a foreign country. - ANSWER diversity
22. State courts have ________ jurisdiction with federal courts to hear cases involving
diversity of citizenship and federal questions over which federal courts do not have
exclusive jurisdiction. - ANSWER concurrent
23. To bring a lawsuit, a plaintiff must have ________ to sue. - ANSWER standing
24. ________ jurisdiction refers to the authority of a court to hear a case because of
jurisdiction over the property of the lawsuit. - ANSWER in rem
25. Service of ________ is usually accomplished by personal service of the summons and
complaint on the defendant. - ANSWER process
26. ________ jurisdiction allows a plaintiff who obtains a judgment in one state to try to
collect the judgment by attaching property of the defendant located in another state. -
ANSWER quasi in rem
, 27. A(n) ________ statute extends a state's jurisdiction to non residents who were not
served a summons within the state. - ANSWER long-arm
28. ________ requires lawsuits to be heard by the court that has jurisdiction nearest the
location in which the incident occurred or where the parties reside. - ANSWER
venue
29. Because of their importance, administrative agencies are informally referred to as the
"________ branch of government." - ANSWER fourth
30. Administrative law is a combination of ________ law and ________ law. -
ANSWER substantive, procedural
31. What is not a customary administrative agency power? - ANSWER police power
32. Administrative agencies usually have what powers? - ANSWER rule-making
authority, judicial authority, executive power, and licensing power
33. General-jurisdiction trial courts are often referred to as Courts of__________. -
ANSWER record
34. The highest state court is usually referred to as the ____________. - ANSWER
state supreme court
35. _______________ courts are also called appellate courts or courts of appeal. -
ANSWER Intermediate appellate
36. The United States ______ Courts are the federal court system's trial courts of general
jurisdiction. - ANSWER District
37. The United States Courts of Appeals are the federal court system's
________________ courts. - ANSWER intermediate appellate