Business Law 340- Mutiple choice question?

[plys]

1. Any decision by the management of Standard Business Corporation may significantly affect its
a. operators only.
b. operators, owners, suppliers, the community, or society as a whole.
c. owners only.
d. suppliers, the community, or society as a whole only.

2. Ace Company manages its employees’ retirement benefit plan. With re-spect to this plan, Ace has
a. a fiduciary duty.
b. a subsidiary duty.
c. a utilitarian duty.
d. no duty.

3. First Financial Corporation provides other firms with capital to expand op¬erations. Questions of what is ethical involve the extent to which First Financial has
a. a legal duty beyond those duties mandated by ethics.
b. an ethical duty beyond those duties mandated by law.
c. any duty beyond those mandated by both ethics and the law.
d. any duty when it is uncertain whether a legal duty exists.
4. ABC Communications, Inc. needs to cut costs by downsizing. In determin¬ing which employees to layoff, ABC will be concerned primarily with
a. its ethical duty to long-term employees and the legality of discharg¬ing older workers only.
b. its ethical duty to long-term employees, its profit margin, and the le¬gality of discharging older workers.
c. the legality of discharging older workers only.
d. none of the above

5.Jill lies to her family. According to legal and ethical principles, this is
a. illegal only.
b. illegal and unethical.
c. neither illegal nor unethical.
d. unethical only.

6. Delta Equity Corporation provides other firms with capital to expand op¬erations. If Delta strictly complies with existing laws, the firm will
a. fulfill all business ethics obligations.
b. fulfill no business ethics obligations.
c. fulfill some business ethics obligations.
d. not need to fulfill any business ethics obligations.