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Strayer University - LEG 500 Mid-term Exam. Complete Solution

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Strayer University - LEG 500 Mid-term Exam. Complete Solution. Question 1 4 out of 4 points Which of the following statements is INCORRECT regarding the rights of shareholders? I. voting power... on major issues and ownership in a portion of the company II. right to transfer ownership and dividend entitlement III. hire and fire management and select and appoint a chief executive Answer Selected Answer: III only Correct Answer: III only  Question 2 4 out of 4 points Corporate director or officer decisions to dedicate corporate funds for social causes is called: Answer Selected Answer: Corporate Social Responsibility (CSR) Correct Answer: Corporate Social Responsibility (CSR)  Question 3 4 out of 4 points The best example of a source for virtue ethics for a business is Answer Selected Answer: the corporate mission statement. Correct Answer: the corporate mission statement.  Question 4 0 out of 4 points Which of the following statements best illustrates the view of “utilitarianism”? I. From each according to his abilities, to each according to his needs. II. The risk reasonably to be perceived defines the duty to be obeyed and risks imports relation; it is risk to another or to others within the range of apprehension. III. An action is right when maximizing welfare and total well-being. IV. Individuals should pursue his or her own self-interest, even at the expense of others. Answer Selected Answer: I and II Correct Answer: III only  Question 5 4 out of 4 points Select the best definition of ethics: Answer Selected Answer: a set of relatively unclear principles regarding what we should do. Correct Answer: a set of relatively unclear principles regarding what we should do.  Question 6 4 out of 4 points According to Citizens United v. Federal Election Commission, which of the following is not a reason to allow corporations the right to spend money and advertise for political candidates? Answer Selected Answer: The immense wealth of a corporation allows it to be the most accurate in providing messages to people. Correct Answer: The immense wealth of a corporation allows it to be the most accurate in providing messages to people.  Question 7 4 out of 4 points All of the following are considered exceptions to the general rule that there is no duty to rescue except: Answer Selected Answer: Witnessing an accident – this creates a duty to step in and help the injured Correct Answer: Witnessing an accident – this creates a duty to step in and help the injured  Question 8 4 out of 4 points Exceptions to the rule of employment-at-will include which of the following? I. organization of unions II. passage of Sarbanes Oxley Act III. raising of public policy issues IV. promise of implied-contract or covenant-of-good-faith Answer Selected Answer: I, II, III, IV Correct Answer: I, II, III, IV  Question 9 4 out of 4 points To determine whether a public employee receives First Amendment protection from speech (and therefore cannot be fired for it), the Supreme Court has stated that all of the following are important except: Answer Selected Answer: The speech cannot be about political topics. Correct Answer: The speech cannot be about political topics.  Question 10 4 out of 4 points Select the best definition of whistleblower: Answer Selected Answer: people who report unethical or illegal activities under the control of their employers Correct Answer: people who report unethical or illegal activities under the control of their employers  Question 11 4 out of 4 points There are several reasons why whistleblowing may not be protected on an international level. These include: Answer Selected Answer: Collective or collaborative cultures may frown on whistleblowing instead of working together to fix a problem. Correct Answer: Collective or collaborative cultures may frown on whistleblowing instead of working together to fix a problem [Show More]

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