apu busn 311 Week 8 Final Exam

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Question 1 of 20 10.0 Points

Using only the materials provided in the course define the ethical frameworks of deontology, utilitarianism and free market ethics. Provide a detailed example of a corporate executive using each of these frameworks. Cite your sources.

Question 2 of 20 10.0 Points

Should a company’s priorities lie in the best interest of the shareholders or in the best interest of the stakeholders? Define the difference between the two. Explain your reasoning using the materials provided in the course. Cite your sources.

Question 3 of 20 10.0 Points

Using only the materials provided in the course, discuss three factors that a court will use in determining whether to pierce the corporate veil. Cite your sources.

Question 4 of 20 10.0 Points

Using only the materials provided in the course, define the Equal Pay Act of 1963. Why would it be difficult to enforce this Act? Cite your sources.

Question 5 of 20 10.0 Points

Using only the materials provided in the course, discuss some of the important disadvantages of sole proprietorship. Cite your sources

Question 6 of 20 5.0 Points

Unless the parties agree otherwise, a promoter of a corporation is liable for contracts entered into prior to corporate formation.

A.True

B.False

Answer Key:

Question 7 of 20 5.0 Points

The mere formation of a corporation is not an absolute liability shield.

A.True

B.False

Answer Key:

Question 8 of 20 5.0 Points

Prosecutors will look at all of the following factors when determining whether to bring a SOX violation, except:

A.Nature and seriousness of the offense, including the risk of harm to the public.

B.Corporation’s remedial actions, including efforts to implement or improve a compliance program.

C.Whether the company’s actions resulted in sufficient profits for the company.

D.Adequacy of the prosecution of individuals responsible for the malfeasance.

Answer Key:

Question 9 of 20 5.0 Points

The purpose of SOX is to protect investors by improving the accuracy and reliability of corporate disclosures.

A.True

B.False

Answer Key:

Question 10 of 20 5.0 Points

The Civil Rights Act of 1964 has several provisions, but the most important for businesses is known widely as:

A.Title I.

B.Title VIII.

C.Title II.

D.Title III.

E.Title VII.

Answer Key:

Question 11 of 20 5.0 Points

Title VII eliminates job discrimination on the basis of all of the following EXCEPT:

A.sex.

B.race.

C.color.

D.age.

E.religion.

Answer Key:

Question 12 of 20 5.0 Points

The philosophy of Milton Friedman is influential in all of the following, except:

A.Stakeholder theory

B.Shareholder theory

C.Free Market ethics

D.Friedman’s philosophy is influential in all of the above.

Answer Key:

Question 13 of 20 5.0 Points

Attributions of irresponsibility may generate stronger external reactions than perceptions of responsibility and, ultimately, have a much greater impact on the firm’s relationship with its environment.

A.True

B.False

Answer Key:

Question 14 of 20 5.0 Points

Title VII of the Civil Rights Act of 1964:

A.creates only three protected classes.

B.gives victims of discrimination the immediate right to file a federal lawsuit.

C.prohibits all types of discrimination.

D.requires employers to treat employees equally, but not identically.

E.applies to employers with more than 10 employees.

Answer Key:

Question 15 of 20 5.0 Points

The Equal Employment Opportunity Commission (EEOC):

A.is a federal agency established by the Civil Rights Act of 1968.

B.publishes guidelines for the public sector to assist businesses in deciding what employment practices are lawful or unlawful.

C.enforces civil rights in the workplace.

D.investigates complaints filed by employers who believe they are victims of unlawful discrimination.

E.does not give victims of discrimination the immediate right to file a federal lawsuit.

Answer Key:

Question 16 of 20 5.0 Points

British Petroleum’s management’s actions on the Deepwater Horizon job that appeared to emphasize cost control and speed to completion instead of safety would be an example of

A.Ethical Egoism

B.Free Market Ethics

C.Shareholder theory

D.All of the above

Answer Key:

Question 17 of 20 5.0 Points

Congress passed the _____, which gives victims the right to file a complaint within 180 days of their last discriminatory paycheck.

A.Lilly Ledbetter Fair Pay

B.Fair Labor Standards Act

C.Rehabilitation Act

D.Equal Pay Act

E.Paycheck Fairness Act

Answer Key:

Question 18 of 20 5.0 Points

If a defendant does not answer the complaint, what is the result?

A.Default judgment against defendant

B.Case dismissed

C.Bench arrest warrant issued against defendant

D.Automatic 30-day stay granted to defendant

E.Automatic 60-day stay granted to defendant

Answer Key:

Question 19 of 20 5.0 Points

Which is the most expensive form of discovery?

A.Interrogatories

B.Requests for admission

C.Depositions

D.Requests for production

E.Spoliation

Answer Key:

Question 20 of 20 5.0 Points

Jenny promises to pay Ivan $300 in exchange for Ivan’s promise to paint Jenny’s house. This is an example of a(n):

A.unilateral contract.

B.bilateral contract.

C.invitation to bargain.

D.assignment.

E.illusory promise.

Answer Key:

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