AIU BUSN311 final exam
Question 1 of 20
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
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
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
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
Using only the materials provided in the course, discuss some of the important disadvantages of sole proprietorship. Cite your sources
Question 6 of 20
Unless the parties agree otherwise, a promoter of a corporation is liable for contracts entered into prior to corporate formation.
Question 7 of 20
The mere formation of a corporation is not an absolute liability shield.
Question 8 of 20
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.
Question 9 of 20
The purpose of SOX is to protect investors by improving the accuracy and reliability of corporate disclosures.
Question 10 of 20
The Civil Rights Act of 1964 has several provisions, but the most important for businesses is known widely as:
Question 11 of 20
Title VII eliminates job discrimination on the basis of all of the following EXCEPT:
Question 12 of 20
The philosophy of Milton Friedman is influential in all of the following, except:
C.Free Market ethics
D.Friedman’s philosophy is influential in all of the above.
Question 13 of 20
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.
Question 14 of 20
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.
Question 15 of 20
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.
Question 16 of 20
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
B.Free Market Ethics
D.All of the above
Question 17 of 20
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
D.Equal Pay Act
E.Paycheck Fairness Act
Question 18 of 20
If a defendant does not answer the complaint, what is the result?
A.Default judgment against defendant
C.Bench arrest warrant issued against defendant
D.Automatic 30-day stay granted to defendant
E.Automatic 60-day stay granted to defendant
Question 19 of 20
Which is the most expensive form of discovery?
B.Requests for admission
D.Requests for production
Question 20 of 20
Jenny promises to pay Ivan $300 in exchange for Ivan’s promise to paint Jenny’s house. This is an example of a(n):
C.invitation to bargain.