Business Law > TEST BANKS > Business Law With Ucc Application 15th Edition By Paul A. Sukys TEST BANK (All)

Business Law With Ucc Application 15th Edition By Paul A. Sukys TEST BANK

Document Content and Description Below

Business Law with UCC Applications, 15e (Sukys) Chapter 1 Ethics, Social Responsibility, and the Law 1) Law consists of values that govern a society's attitudes toward right and wrong. 2) Law is a ... means of civil management. 3) Negative rights theory holds that rights are a divine invention designed to help people escape moral law. 4) Positive law derives from an outside source that has emerged within society. 5) If Sally believed in natural law, she would believe that right and wrong originate from an external objective, superior force. 6) Ethical rules of conduct developed by various professions are often easy to understand and follow. 7) Ethical theories are all based on the assumption that people want to live ethical lives. 8) Joe believes that there are absolute standards of right and wrong. Joe's belief is an example of market value ethics. 9) In the "Opening Case", the text notes that the plaintiffs in the U.S. Supreme Court case Ziglar v. Abbasi, were alleging brutal torture by the U.S. government and based on the Bivens case, asked the Supreme Court for a permanent injunction. 10) In his book, What Money Can't Buy: The Moral Limits of Markets, author Michael Sandel reveals that market value ethics is the new ethical relativism. 11) A descriptive theory explains how to create values that permit a society to run smoothly. 12) In A Classic Case: The Declaration of Independence, the text argues that Jefferson derived his four central truths of social contract from John Locke's famous book, Leviathan. 13) Another name for utility thinking is 'cost-benefit' thinking. 14) Utilitarianism focuses on the circumstances that an individual faces. 15) If Alfredo, a small business owner, engages in cost-benefit thinking, he will generally only focus on the benefits and problems his business will face as the result of a decision he makes. 16) Rational ethics, often referred to as objective ethics, states that people's ethical decisions can be judged only by understanding their situations. [Show More]

Last updated: 6 months ago

Preview 1 out of 227 pages

Buy Now

Instant download

We Accept: