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BUSG 210 - Practice Midterm II Questions &Exam (elaborations) answers 100% satisfaction guarantee
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BUSG 210 - Practice Midterm IIAn action is ethical if it is ________. (Select all that apply.) - ✔✔provides more for others than one's self
An analysis of perceived priority of shareholder impact should include which of the following? - ✔✔interests
and goals of shareholders
%
An ethical financial advisor must ________. - ✔✔be truthful about all fees
Besides culture, what is another major influence in the development of business ethics? Select the best
answer. - ✔✔the passage of time
0
Corporate law enables businesses to take advantage of a legal structure that ________. - ✔✔separates
liability from ownership and control
How did Aristotle reconcile his distrust of business? - ✔✔He acknowledged that business was important in
nurturing and preserving democracy in Athens.
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How is the concept of corporate personhood defined? - ✔✔the doctrine that a corporation has some of the
same legal rights and responsibilities enjoyed by natural persons
In 2017, Lee Jae-yong, heir to Samsung electronics, was part of a widespread corruption scandal that brought
1
down the president of South Korea. What were some of the crimes Jae-yong was convicted of? - ✔✔bribery
and embezzlement
One way to address the issue of shared responsibility between corporations and society is the implementation
of a(n) ________. - ✔✔cap and trade system
The advantage of justice theory over other ethical systems is its ________. - ✔✔emphasis on method as
opposed to content
The basic unit of utilitarianism is a util, which acts as a ________. - ✔✔monetary unit
True or false? All stakeholders must be treated the same. - ✔✔false
True or false? An application of Rawls's justice theory results in business ethics being the duty of a corporate
compliance or ethics department. - ✔✔false
True or false? As a function of culture, ethics is static in each new era. - ✔✔false
True or false? Corporate shareholders, directors, and the company's officers may all benefit from limited
liability. - ✔✔true
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