law and ethics
Which of the following would best describe the difference between the law and ethics?
Ethics provides for a set of rules for behavior and Law is unwritten forms of rules.
Laws are rules that may be broken, Ethics are punishments.
Laws are “what a person must do,” and ethics addresses “what a person should do.”
Ethics are always connected to laws.
The philosophy of noted economist, Milton Friedman, on the issue of “free market ethics” was:
Decisions regarding such social problems should be addressed by governments in the political arena and funded by tax dollars.
A decision by corporate managers to aid society is, in effect, theft of stockholders’ resources.
It is wrong for managers to use corporate resources to deal with problems in society at large.
All of the above.
Assuming a business ethical dilemma, which statement best illustrates Gilligan approach suggested in her theory of “The Ethics of Care”?
individual rights and justice for all
applies only to women and not men
care and responsibility to others
obedience to independent moral rules or duties
Which of the following views on outsourcing would be consistent with the free market ethics approach advocated by Milton Friedman?
Outsourcing is detrimental to the economy because it limits profitability.
Outsourcing decreases efficiency and productivity.
Outsourcing enhances competitiveness, modernization, and bigger market opportunities.
Automating processes and replacing workers is unethical since it does not serve a greater good.
Which of the following statements is INCORRECT regarding the rights of shareholders?
I. voting power on major issues and ownership in a portion of the company
II. right to transfer ownership and dividend entitlement
III. hire and fire management and select and appoint a chief executive
I and II
I, II, and III
It is an exception to employment-at-will doctrine.
It is developed simultaneously in different states.
All states recognize this tort and define it consistently.
States do not look to the courts for guidance.
The Constitution does not always protect free-speech rights for what public employees say on the job. Which of the following is true?
When a citizen enters government service, the citizen need not accept certain limitations on his or her freedom.
Public employees may speak out on matters of public concern and have First Amendment protection but not when they speak out in the course of their official duties.
As public employees speak out and receive First Amendment protection, there is an acceptable chilling of the speech of all potential whistleblowers.
None of the above
What is the BEST definition of “flexicurity” which has been used by European nations to invest in human capital?
Paying more to displaced workers until they return to work.
Requiring worker training while workers are unemployed.
Promoting job saving measures which only allow terminations during labor market crisis.
Coupling unemployment benefits with retraining and transitional assistance to allow workers to adapt to labor market restructuring.
Exceptions to the rule of employment-at-will include which of the following?
I. organization of unions
II. passage of Sarbanes Oxley Act
III. raising of public policy issues
IV. promise of implied-contract or covenant-of-good-faith
I and II
I, II, III, IV
The Sarbanes Oxley Act was passed in response to:
I. concerns that investors received full and complete information about potential corporate fraud
II. a lack of investor confidence
III. corporate scandals like Enron
IV. discrimination against an employee when providing information she reasonably believes constitutes a violation of federal security laws
I and II
I, II, III, IV