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SEAPORT BUS C110 FINAL QUIZ (2014)
Category : Law
Posted on 10/20/2014 at 12:02:03 AM
 
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SEAPORT BUS C110 FINAL QUIZ (2014)
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Posted on 10/20/2014 at 12:02:03 AM
 
Posted By : Bestmind
   
 
A:
1. The manager's fiduciary duty refers to _____. the duty of managers to maximize returns to employees the legally prescribed duties which make their employment possible the moral duty managers have to act as responsible agents to the owners managers resisting hostile takeover bids managers managing by number 2. According to the stakeholder theory, _____. having gone along with legal duties, the corporation can ignore any other social obligations a corporation's social responsibilities are limited to staying within the law only corporations should pay attention only to the bottom line a socially responsible corporation is likely to consider the impact of its decision on the shareholders only all the stakeholders to a corporate decision deserve some kind of moral consideration 3. _____ helps companies embrace the idea that profit and prosperity must go hand in hand with social justice and environmental stewardship. Social contract Stakeholder theory Conscious capitalism Virtue ethics Deontology 4. What is legal is not necessarily ethical and what is ethical is not necessarily legal True False 5. Ethics is the study of what is right and wrong just from an individual's personal moral viewpoint True False 6. Contract duties are obligations imposed by law. True False 7. An agreement that is illegal is void. True False 8. A promisor is a person to whom a promise has been made True False 9. A contract need not be in writing to be enforceable. True False 10. Which of the following factors considers whether the contract is yet to be performed or the obligations

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