Business & Finance Chapter 1 The President may not create any law without the permission of Congress

subject Type Homework Help
subject Pages 9
subject Words 2126
subject Authors Al H. Ringleb, Frances L. Edwards, Roger E. Meiners

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49. The President may not create any law without the permission of Congress.
a. True
b. False
50. Presidents have no legal influence over administrative agencies.
a. True
b. False
51. Treaties affect relations between sovereign governments only and do not affect the way companies do business.
a. True
b. False
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52. Article II, Section II of the U.S. Constitution requires a 2/3 vote of approval by the Senate before an international
treaty is ratified.
a. True
b. False
53. The U.S. Constitution requires a majority vote of approval by the Senate before an international treaty is ratified.
a. True
b. False
54. International treaties accepted by the U.S. government apply only in foreign legal matters; they have no standing in
domestic legal issues
a. True
b. False
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55. Public law sets forth rules governing the legal relationships among society members and serves principally to resolve
disputes among members of society.
a. True
b. False
56. Examples of public law are civil procedure, criminal law, and labor law.
a. True
b. False
57. Examples of private law include contract law and partnership law.
a. True
b. False
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58. Private law, unlike public law, tends to change rapidly as it is based on current social attitudes.
a. True
b. False
59. Private law, unlike public law, is not binding.
a. True
b. False
60. Criminal law is defined as legal wrongs committed against individuals or businesses.
a. True
b. False
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61. To find a person guilty of a crime, the jury or judge must find that the preponderance (majority) of the evidence is
against the accused.
a. True
b. False
62. Felonies are generally defined as serious criminal offenses punishable by death or imprisonment for more than a
year.
a. True
b. False
63. Felonies are generally defined as serious criminal offenses that violate federal law, not state law.
a. True
b. False
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64. Misdemeanors are criminal offenses generally punishable by imprisonment for more than one year.
a. True
b. False
65. Misdemeanors are criminal offenses that violate state law, not federal law.
a. True
b. False
66. Misdemeanors are civil offenses generally punishable by imprisonment for less than a year.
a. True
b. False
67. The objective of the criminal law is to compensate victims of crimes.
a. True
b. False
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68. Examples of civil law include the torts of defamation, invasion of privacy, and trespass.
a. True
b. False
69. Plaintiffs in civil law suits must demonstrate their case to the judge or jury beyond a reasonable doubt.
a. True
b. False
70. Substantive law includes the common law.
a. True
b. False
71. Civil procedure, appellate procedure, and criminal procedure are examples of substantive law.
a. True
b. False
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72. Procedural law determines how substantive law is enforces through the court process.
a. True
b. False
73. Surveys indicate that the public has less confidence in the ethical standards of business leaders today than it did
decades ago.
a. True
b. False
74. Whether or not the ethical standards of business leaders may have fallen, it is likely that the public expects much less
from business leaders today than it did decades ago.
a. True
b. False
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75. Because companies have suffered so few public image problems, few corporations have codes of ethics.
a. True
b. False
76. Surveys indicate that the biggest ethics problem in companies is a lack of an ethics code.
a. True
b. False
77. Pressure for managers to behave ethically comes only from the government.
a. True
b. False
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78. Companies that follow Department of Justice compliance codes carefully are not prosecuted for violations of related
laws.
a. True
b. False
79. Companies that follow Department of Justice compliance codes carefully may suffer smaller penalties for violations
of related laws.
a. True
b. False
80. Experience with online ethics training indicates it has almost no impact; such training must be personal.
a. True
b. False
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81. Ethics is a set of rules that the government enforces and that constrain the behavior of members of society.
a. True
b. False
82. Ethics generally refers to accepted standards of right and wrong in a society.
a. True
b. False
83. Ethics is considered a part of etiquette or good manners.
a. True
b. False
84. Ethics is generally the rules or standards governing the conduct of members of a profession.
a. True
b. False
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85. Moral and ethical standards are the same as legal standards.
a. True
b. False
86. Legality means morality.
a. True
b. False
87. Integrity is generally defined to mean living by a moral code and standard of ethics.
a. True
b. False
88. Morality concerns conforming to rules of correct conduct as defined by a society or a religion.
a. True
b. False
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89. A World Bank study indicates that nations with more extensive regulation of business then to have less corruption.
a. True
b. False
90. A World Bank study indicates that nations with more extensive regulation of business generally have more
corruption than nations with less regulation.
a. True
b. False
91. When discussing the reality of business ethics, Peter Drucker held that it was not unethical to pay a bribe if that was
the norm in a business and was absolutely needed to get business for a company.
a. True
b. False
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92. Campaign contributions by companies are generally illegal and, even if not, considered to be highly unethical.
a. True
b. False
93. Corporate social responsibility is generally considered to be the ethics of a business.
a. True
b. False
94. In Lamson v. Crater Lake Motors the Oregon appeals court held that a violation of ethical standards, which caused
a sales manager to be fired, was grounds for wrongful termination.
a. True
b. False
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95. In Lamson v. Crater Lake Motors, where a sales manager was fired in a dispute over business ethics, the Oregon
appeals court held that he had no basis for a suit for improper dismissal.
a. True
b. False

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