Make-Up Quiz #2: Fall Business Ethics Overview and Details

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 1/23 Make-Up for Quiz #2 (Thursday, October 19, 2023) Due No due date Points 100 Questions 50 Available Oct 19 at 8am - Oct 19 at 11:59pm 15 hours and 59 minutes Time Limit 100 Minutes Instructions This quiz was locked Oct 19 at 11:59pm. Attempt History Attempt Time Score LATEST Attempt 1 77 minutes 88 out of 100 ĩ Correct answers are hidden. Score for this quiz: 88 out of 100 Submitted Oct 13 at 12:17pm This attempt took 77 minutes. Select the correct response for each question (2 points each). Total value: 100 points. The Make-Up for Quiz #2 will be available on Canvas on Thursday, October 19, 2023, from 8:00 am until 11:59 pm (one minute before midnight, the same day). You may start Quiz #2 any time between these hours, but there is a time limit of 50 minutes (one class period) once you begin. The time limits of 75 and 100 minutes are only for students with a disability registered with the Department of Disability Services (DDS). Do not leave the quiz portal during the quiz. Do not refer to your lecture notes, the instructor's posted lectures, the text, any internet sites, or other outside sources. 2 / 2 pts Question 1 Which is one benefit of setting up a business in the form of a corporation?

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 2/23 Corporations do not have to pay taxes on profits paid out as dividends. Only one corporation can ever be chartered for each economic market. The corporation's managers can be shielded from some legal liability. Corporations cannot be sued for fraud because they are not legal persons. 2 / 2 pts Question 2 Which is a risk whenever you register your company as a public corporation? Being forced to pay dividends on shares may bankrupt your corporation. Outsiders may take over your corporation by buying the majority of shares. Taxes on corporate bonds might drive your corporation into bankruptcy. You may be forced to charter your corporation in a state with high taxes. 2 / 2 pts Question 3 Which moral justification of corporate raids is grounded in utilitarian theory? Corporate raids have always been accepted in one's culture.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 3/23 Corporate raids maximize pleasure for the total economy. Yahweh ordered the Hebrews to raid the residents of Canaan. There should be no limit on how many shares you can buy. 2 / 2 pts Question 4 Which observation about profits does Steven Lovett attribute to Anthony Flew? Profits are always exploitative because they treat others as ends. The welfare of the public must always come before making profits. There is nothing inherently selfish or wrong about making a profit. All economic exchanges should be to equal advantage (no profits). 2 / 2 pts Question 5 Which are the three stakeholders acknowledged by Corporate Social Responsibility (CSR)? owners, shareholders, and other investors society, ecology, and the economy CEO, Board of Directors, and the shareholders ethics, the law, and self-interest

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 4/23 2 / 2 pts Question 6 Which is the primary reason that Lovett rejects Corporate Social Responsibility (CSR)? Lovett recognizes other stakeholders beyond those recognized by CSR. CSR emphasizes making profits at the expense of other important goals. CSR does not realize that a polluted environment threatens profit-making. Lovett believes the only responsibility of corporations is to make profits. 2 / 2 pts Question 7 Which is required for someone to be considered a "stakeholder" in a corporation? They must own at least one share in the corporation. They must be a major shareholder (10% or more of the shares). They must be one of the founders of the corporation. Their interests must be affected by the corporation's actions.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 5/23 2 / 2 pts Question 8 Which best describes the Stakeholder Theory of corporate responsibility? Only the shareholder or actual investor has a real stake in the corporation. A corporation has no responsibilities except those required in its charter. A corporation is socially responsible to everyone impacted by its actions. The responsibilities of every corporation differ depending on their stake. 2 / 2 pts Question 9 Why does Lovett reject the Stakeholder Theory of corporate responsibility? The Stakeholder Theory does not always put the customer first. Lovett feels that businesses are obligated only to make profits. The Stakeholder Theory does not place enough stress on ecology. External stakeholders are not directed affected by the corporation. 2 / 2 pts Question 10

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 6/23 Which best describes the Shareholder Theory of corporate responsibility? The shareholders have a fiduciary duty to be loyal to the corporation. The company's only purpose is to earn a profit for the shareholders. The company managers and not the shareholders are the true owners. Shareholders, as true owners, are entitled to manage the corporation. 2 / 2 pts Question 11 According to Milton Friedman, which is the sole responsibility of the CEO? to follow the directions of the Board of Directors to maximize profit for the owners (shareholders) to make the corporation a better place to work to improve customer satisfaction in their products 2 / 2 pts Question 12 According to Friedman, which restriction applies to making profits? No profits can be at the expense of the community or the environment. All profits must be consistent with the interests of the overall economy.

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 7/23 Corporations should not attempt to defraud or deceive their customers. Prices should be reduced if needed to slow the general rate of inflation. 2 / 2 pts Question 13 According to Friedman, when it is acceptable to donate corporate profits to charity? Only when the profit from public relations offsets the money donated. When the quarterly dividends paid to investors are 100% or greater. During depressions or recessions when there is a great deal of need. If the CEO believes that public need outweighs shareholder interests. 2 / 2 pts Question 14 According to Lovett, which should be the primary value for corporations? everyone who is affected by its products or services the natural environment--air comes before profits! resilient prosperity for their shareholders/investors whichever value is preferred by each corporation

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 8/23 2 / 2 pts Question 15 Which benefit does Lovett anticipate when corporations are ethical? no benefit, because it has no responsibility to be ethical just a sense of personal satisfaction from doing what is right increased loyalty among employees, customers, and investors a decrease in government regulations of your corporation 2 / 2 pts Question 16 What exactly does it mean to say that a company is in compliance? It meets or complies with all of its moral obligations. It meets its applicable legal and regulatory requirements. It's fulfilling its customers' expectations of the company. It responds to the needs of society and the environment. 2 / 2 pts Question 17 Which is one of the four Federal Sentencing Guidelines for U.S. corporations?

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 9/23 Corporations should be encouraged to distribute their wages more fairly. CEOs should not be charged with crimes committed by their subordinates. Fines should be commensurate with the severity of the crime committed. Corporations should go beyond compliance and meet high moral standards. 2 / 2 pts Question 18 Which is one of the federal criteria for running an effective compliance program? High-level personnel must be assigned to lead the compliance program. Personnel cannot be monitored for compliance by their close relatives. Every requirement in the compliance program must be morally justified. Compliance officers must complete a certified business ethics course. 2 / 2 pts Question 19 Which strategy does Lovett recommend for CEOs who are facing a moral dilemma?

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 10/23 They should try to recall what they learned in their business ethics courses. They should imagine how they would feel if their decision were made public. They should turn the dilemma over to the corporation's Board of Directors. They should ignore the dilemma until it blows over (time heals all wounds). 2 / 2 pts Question 20 Which is Lovett's first step to identify the existence of a moral dilemma? Call a shareholders' meeting to see whether there's any moral outrage. Read stock market reports to see whether your share price is dropping. Ask whether the issue is likely to cause harm to someone in some way. Check for negative reviews of your company in the Wall Street Journal. 2 / 2 pts Question 21 Why does Lovett reject the corporate approach known as sustainable development?

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 11/23 Sustainable development ignores environmental issues. This view does not place enough stress on social equity. He rejects its principal goal of environmental protection. He believes nature will sustain itself without our help. 0 / 2 pts Question 22 Incorrect Incorrect Why does Lovett prefer the corporate approach he calls resilient prosperity? Resilient prosperity is much broader than sustainability. Resilient prosperity includes concern for the environment. Resilient prosperity focuses on making a corporate profit. Sustainable development rejects moral duties for CEOs. 2 / 2 pts Question 23 How does Lovett believe that resilient prosperity benefits the common good? Resilient prosperity focuses directly on promoting the public good. Resilient prosperity stresses having a strong, sustainable environment. Resilient prosperity emphasizes helping every one of the stakeholders.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 12/23 Resilient prosperity has a positive ripple effect throughout the society. 2 / 2 pts Question 24 Why does Lovett reject the corporate model TBL (Triple Bottom Line)? Lovett believes there are more than three corporate responsibilities. He thinks environment and society are not parts of the bottom line. TBL assumes the only goal of business is to make profits for owners. TBL assumes that corporations have no obligation to their society. 0 / 2 pts Question 25 Incorrect Incorrect Why would Lovett probably be inclined to reject the utilitarian theory of ethics? Utilitarian ethics does not place sufficient stress on group rights. Utilitarians consider only the rights of people, not the environment. Utilitarian ethics tends to lend support to the Stakeholder Theory. Utilitarian ethics does not have a clear way to tell right from wrong. 2 / 2 pts Question 26

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 13/23 According to Lovett, which is the ultimate goal of business activity? productivity justice resilient prosperity equal opportunity 2 / 2 pts Question 27 According to Lovett, which may come as a shock to most U.S. workers? Employers have more respect for constitutional rights than the state. Constitutional rights are inalienable, hence applying to every setting. Employees actually have more constitutional rights than their bosses. Some of their constitutional rights may not apply to the workplace. 2 / 2 pts Question 28 Which of the following provisions is known as "the equal protection clause"? States must be treated as equal partners in the federal union.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 14/23 States must show equal respect for the laws of other states. No citizen shall be denied the equal protection of the law. Those convicted of the same crime should get the same penalties. 2 / 2 pts Question 29 Which definition of the right to privacy comes from Warren and Brandeis? the right to control sensitive, personal information the right to be left alone the right to follow one's own conscience the right to remain silent 2 / 2 pts Question 30 Which most accurately reflects John Stuart Mill's definition of the right to privacy? the right to act freely when secluded in one's own home the right to be left alone or seek time alone by oneself the right to act in any manner that is harmless to others the right to control one's own body and its functions

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 15/23 2 / 2 pts Question 31 Which definition of workplace privacy is derived from Mill's definition of privacy? the right to do anything that does not harm one's job performance the right to withhold personal information from one's employer the right to demand as much privacy at work as one's employer the right to have as much privacy as those who do not work 2 / 2 pts Question 32 Based on Mill's definition of privacy, which workplace action is most clearly private? using company supplies such as envelopes for one's personal use smoking cigarettes during unpaid breaks off company property placing and receiving personal calls from one's office telephone using the company computer to look up scores for baseball games 2 / 2 pts Question 33

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 16/23 Based on Mill's definition of privacy, when can employers curtail a worker's privacy? when the worker's actions interfere with their job performance only when the worker has been warned their actions are prohibited only where their actions present "a clear and present danger" any time (at will), because employers pay for their workers' time 2 / 2 pts Question 34 Why did the Bank of America fire its legal secretary, Michael Thomasson? Thomasson refused to transcribe legal documents. Thomasson did not have a license to practice law. Thomasson refused to open an account at the bank. Thomasson had a nighttime job as a gay stripper. 2 / 2 pts Question 35 Why would Thomasson's firing be an invasion of his privacy, according to Mill? The banker had no right to know what Thomasson did after hours.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 17/23 Thomasson's actions did not adversely affect his job performance. Workers should enjoy the same privacy rights as those without jobs. Thomasson had the right to be left alone and not judged by others. 2 / 2 pts Question 36 Which charge was brought by the liquor store clerk (Deal) against the store's owner? He did not provide Deal with an employee discount on alcohol. He exposed confidential information about Deal's telephone calls. He would not let Deal use the work telephone for personal calls. He limited Deal's telephone privileges to fifteen minutes a day. 2 / 2 pts Question 37 Which restriction did the court place on monitoring an employee's telephone calls? No restriction, because the employer is paying for the telephones. No restriction, because employees have no expectation of privacy. The employee must be warned each time a call is being monitored. All monitoring of calls must have a legitimate business purpose.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 18/23 2 / 2 pts Question 38 Which is one of the rights extended under employment-at-will? to quit a job for any time for any reason to two-week's notice before being fired to a public inquiry to look into the firing to a detailed letter explaining the firing 2 / 2 pts Question 39 Which sort of reason for firing is allowed under employment-at-will? only good reasons such as absenteeism or drug use any good or bad reason (or even with no reason at all) only reasons that are uphelf by a labor fairness board reasons recognized by the average reasonable person 2 / 2 pts Question 40

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 19/23 Which firing would not be permitted in the U.S., even under general employment-at-will? Sales manager is fired to open up a position for the CEO's nephew. Waitress is fired for being discourteous to diners at a restaurant. University professor is fired because they convert to Islamic faith. Highway patrol officer is fired for not issuing enough speeding tickets. 2 / 2 pts Question 41 Which reason for firing workers is currently not allowed in the United States? excessive use of sick days joining a political party griping about management coming to work late 2 / 2 pts Question 42 Which must be established for a worker to prove age discrimination? They were not replaced.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 20/23 Their replacement was under 40 years old. Their replacement was substantially younger. Some even older workers at the same site were not fired. 2 / 2 pts Question 43 Which must also be established for a worker to prove age discrimination? Their age did not adversely affect their job performance. They were not the oldest worker at their job location. They will have trouble obtaining a new job at their age. They believed that they could work until retirement. 2 / 2 pts Question 44 In O'Connor v. CCCCC , which material fact helped O'Connor prove age discrimination? Placing vending machines is a low-energy job requiring little strength. CCCCC's owner made sarcastic remarks to O'Connor about his age. O'Connor was dismissed and replaced by a worker who was under 40. O'Connor was fired to day before her turned 40, to dodge a lawsuit.

11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 21/23 2 / 2 pts Question 45 Which legal complaint was brought by female workers against Johnson Controls? The lead Johnson used in making batteries was a reproductive hazard. Johnson engaged in gender discrimination by firing all fertile women. Johnson would not pay for hazmat suits to protect women from lead. Johnson refused to replace the lead in its batteries with a safer metal. 0 / 2 pts Question 46 Incorrect Incorrect Which conclusion was reached by the Supreme Court in the Johnson Controls case? Companies can exclude women if necessary to protect unborn children. Private companies have absolute control over all their hiring decisions. Gender is a purely social construction that receives no legal protection. Johnson Controls was practicing gender discrimination against women. 0 / 2 pts Question 47 Incorrect Incorrect

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 22/23 According to the Supreme Court, which reason can be used to refuse to hire women? Women cannot meet genuine occupational qualifications for the work. Women miss too many days of work having and rearing children. Offering maternity leave adds to the expense of operating a business. The work site contains hazards that pose a danger to unborn children. 0 / 2 pts Question 48 Incorrect Incorrect Which judicial protection applies to the free speech rights of U.S. workers? Workers are as free to speak as the unemployed or members of the leisure class. Any speech restrictions must not be arbitrary, capricious, or discriminatory. The same speech restrictions must apply to both workers and management. The First Amendment right to free speech protects every utterance. 2 / 2 pts Question 49

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11/27/23, 11:57 PM Make-Up for Quiz #2 (Thursday, October 19, 2023): 2023 Fall Business Ethics *001* https://ecu.instructure.com/courses/115109/quizzes/442603?module_item_id=3573935 23/23 Which level of judicial scrutiny applies to most routine, workplace speech? rational-basis review moderate scrutiny exacting scrutiny strict scrutiny 0 / 2 pts Question 50 Incorrect Incorrect According to Lovett. when can public workers exercise their right to free speech? always, since the right to free speech is guaranteed by the First Amendment during lunch breaks, weekends, holidays, leaves, and at other unpaid times when commenting on workplace issues such as hours, wages, and security when commenting on public matters, balanced against the state's interests Quiz Score: 88 out of 100

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Make-Up for Quiz #2 (Thursday, October ...2023)_ 2023 Fall Business Ethics _001_

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