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The often competing rights of both debtors and creditors are balanced and protected from excesses under United States law.

A) True
B) False

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Laws that prohibit theft,operation of a factory in areas zoned residential,and copyright infringement exist primarily:


A) for protection of the person.
B) for protection of public health,safety,and morals.
C) for protection of property.
D) for protection of the state.

E) A) and C)
F) B) and C)

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The ethical category of integrity and truthfulness is best expressed as maintaining one's values and principles:


A) so long as profits can be maintained.
B) so long as the costs are not great.
C) unless deviating will go unnoticed.
D) despite the consequences or costs.

E) A) and B)
F) C) and D)

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Despite the importance of ethical behavior for business success,few Fortune 500 companies have codes of ethics to resolve ethical dilemmas.

A) True
B) False

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Courts look at each case at a given point in time and are not concerned with former cases and rulings when making current decisions.

A) True
B) False

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Recognizing that an ethical dilemma exists is usually far more difficult than resolving the dilemma once its existence is recognized.

A) True
B) False

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John Harrington operates a business that almost always hires skilled workers who are college graduates; currently,however,his business does have a part-time opening for an unskilled worker. Harrington is considering hiring an uneducated welfare recipient instead of a student from the local university.Apply the "Guidelines for Analyzing a Contemplated Action" to this problem.

Correct Answer

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From the decision-maker's point of view,...

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An accumulation of complaints from employees,customers,or investors can lead to imposition of restrictive new regulations and laws.

A) True
B) False

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Positive law:


A) is enacted by government authority.
B) ensures that businesses will follow a high level of ethical standards.
C) is also known as natural law.
D) all of the above.

E) All of the above
F) B) and D)

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Freedom from economic domination is a personal right protected under United States law.

A) True
B) False

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Mortgages,security interests,and surety relationships are legal mechanisms created primarily to promote stability and flexibility in trade.

A) True
B) False

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Over half of all Fortune 500 firms train their employees to recognize and deal with particular types of behavior that breach their ethical codes.

A) True
B) False

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