Market transaction that occurs outside legal guidelines

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Reference no: EM132222693

1. There is simply no market transaction that occurs outside legal guidelines.

a) True

b) False

2. If a business violates a law, the resulting dispute focuses on public law. Public law involves disputes between private individuals or groups and their government.

a) True

b) False

3. The U.S. Constitution is the Supreme Law of the Land; the foundation for all laws in the United States.

a) True

b) False

4. Ethics is the study and practice of decisions that meet, but do not exceed, minimum standards of behavior prescribed by law.

a) True

b) False

5. Ethics is often referred to as the moral minimum.

a) True

b) False

6. Ethics are unenforceable.

a) True

b) False

7. Gossiping about a person is unethical.

a) True

b) False

8. You go to the store late one evening as the store is about to close, buy your groceries, and return home, only to discover that the person checking you out gave you $2.00 more change than you were entitled to. It is ethical to keep the change.

a) True

b) False

9. You go to the Home and Garden Store one really beautiful sunny day. You, with the help of a very nice young guy who's working his way through college, buy a significant number of plants, shrubs, and flowers your groceries, and return home, only to discover that the very nice and helpful college guy assisting you loaded $200.00 more merchandise than you actually paid for. It unethical to keep the extra plants and shrubs..

a) True

b) False

10. You go to the Home and Garden Store one cloudy, rainy, foggy, cold day. You, with the help of a very nice young guy who's working his way through college, buy a significant number of plants, shrubs, and flowers. You notice the young man helping you loads $220.00 more merchandise than you actually paid for. You call that fact to his attention and he says, "No problem. Just keep the stuff. These guys will never miss it. Besides, they're richer than The Rolling Stones! It is ethical to keep the extra plants and shrubs.

a) True

b) False

Reference no: EM132222693

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