CHAPTER 1—SHIFTING LEGAL PRIORITES FOR BUSINESS: SUSTAINABILITY AND THE LAW

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A1. Sustainability—economic development that meets the needs of the present without compromising the ability of future generations to meet their needs—is directly addressed by a. no U.S. statut... e or other nation’s law. b. U.S. federal environmental laws. c. other nations’ laws but no U.S. statute. d. international law only. B PAGE: 6 TYPE: N NAT:AACSB Reflective AICPA Legal CHAPTER 2—INSIGHT INTO E-COMMERCE: HOW THE INTERNET IS EXPANDING PRECEDENT A2. In a brief filed in Lea’s suit against Mica in a state court, Neil, Lea’s attor-ney, cites, Ole! Cafe v. Pan Foods Corp., an unpublished opinion. With re¬spect to the persuasiveness of unpublished opinions, most states a. allow their courts to consider such opinions. b. do not allow their courts to consider such opinions. c. impose certain hierarchical rankings. d. require their courts to consider such opinions. B PAGE: 29 TYPE: = NAT:AACSB Reflective AICPA Legal CHAPTER 3—SHIFTING LEGAL PRIORITIES FOR BUSINESS: THE DUTY TO PRESERVE ELECTRONIC EVIDENCE FOR DISCOVERY A3. Capital Credit Company files a suit against Downtown Developers, Inc., and seeks, as part of dis¬covery, certain electronic documents in Downtown’s possession. Downtown did not preserve the requested data—e-mail mes¬sages among employees. The court is not likely to sanction Downtown if a. the data was not saved because there was no reasonable anticipation of litigation. b. Downtown can provide the e-mail but without attachments. c. Downtown inadvertently failed to suspend its e-mail deletion system. d. Downtown can provide e-mail the employees sent but not e-mail they received. A PAGE: 62 TYPE: N NAT:AACSB Reflective AICPA Legal CHAPTER 4—INSIGHT INTO ETHICS: IS IT ILLEGAL TO DISTRIBUTE VIRTUAL PORNOGRAPHY? A4. Arnie posts online a note that “I have good pix of child & me” with a link to several pictures of minors engaged in sex. Arnie is charged with violating a statute that makes it a crime to distribute material intended to make oth¬ers believe it is child pornography. He argues that the statute is unconsti-tutional. The court is most likely to hold that the statute is a. unconstitutional because it criminalizes speech. b. unconstitutional because it is overbroad. c. unconstitutional because it is impermissibly vague. d. valid because it does not prohibit a substantial amount of protected speech. D PAGE: 83 TYPE: N NAT:AACSB Reflective AICPA Legal CHAPTER 5—SHIFTING LEGAL PRIORITIES FOR BUSINESS: CORPORATE SOCIAL RESPONSIBILITY AND “OUTBEHAVING” THE COMPETITION A5. In the pursuit of profits, Global Enterprises Corporation engages in what some observers consider to be bad corporate behavior. The worldwide explo-sion of information technology has led to a transparent global economy that makes socially responsible behavior a. more important. b. less important. c. neither more nor less important. d. both more and less important. A PAGE: 105 TYPE: N NAT: AACSB Ethics AICPA Critical Thinking UNIT ONE—FOCUS ON LEGAL ETHICS: ETHICS AND THE LEGAL ENVIRONMENT OF BUSINESS A6. Ethical behavior on the part of Plastics Products Company may be inhibited by a. clear ethical standards. b. collective decision making. c. legislative determinations of what represents society’s best interest. d. managers’ dissent to unethical decisions. B PAGE: 111 TYPE: = NAT: AACSB Ethics AICPA Critical Thinking A7. Mike casts unwarranted doubts on Nina, a co-worker, to gain a job promo-tion. This is unethical a. only if Mike is caught. b. only if Mike gets the promotion. c. under any circumstances. d. under no circumstances. C PAGE: 111 TYPE: = NAT: AACSB Ethics AICPA Critical Thinking [Show More]

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