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BUS 415 Final Exam: Business Law and Ethics

Final exam covering business law and ethics.

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    BUS 415 Final Exam: Business Law and Ethics 1) The form of alternative dispute resolution wherein the parties hire someone to review the evidence and make a decision that is binding upon the parties is called A. negotiation B. settlement conference C. conciliation D. arbitration 2) The Federal Trade Commission is an example of A. a federal agency created by the federal government B. a corporation subsidized by the federal government C. a branch of the U.S. Supreme Court D. a temporary commission created by executive order that has become permanent 3) A corporation is considered a citizen of what state? A. The state where the majority of the employees live B. It is not a citizen because it is a business C. The state where i t filed its Articles of Incorporation D. The state where the president of the corporation lives 4) The Federal False Claims Act is also known as A. the Sarbanes - Oxley Act B. the Whistleblower Statute C. the Statute of Frauds D. the Statute of Limitations 5) Utilitarianism is a moral theory, which states A. ethics requires a decision - maker to take actions which result in the greatest good to society B. ethics requires following the Golden Rule (do unto others as you would have them do unto you) C. ethics requires actions which use the most efficient tools D. ethics requires acting according to the Bible or some outside source 6) Which of the following statements is true? A. If something is legal, it is always ethical. B. Practices that are legal in the United States are legal everywhere in the world. C. Practices that are ethical in the United States are considered ethical everywhere else in the world. D. A course of action can be legal but not ethical. 7) If a defendant files a motio n for summary judgment in a civil case, what is the defendant saying? A. That the plaintiff’s claims are false B. That the court has no jurisdiction to decide the case C. That the case is ready to go to the jury D. That even if what the plaintiff says is true, there is no basis for judgment against the defendant 8) A defendant fails to answer a civil lawsuit, what is likely to happen? A. A court will contact the defendant and ask him to answer the lawsuit.

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