Which of the Following Statements Would Most People in Business

question 58

Multiple Choice

Which of the following statements would most people in business agree with?

• A) A corporation's short-run profits will almost always increase if the firm takes actions that the government has determined are in the best interests of the nation.
• B) Firms and government agencies almost always agree with one another regarding the restrictions that should be placed on hiring and firing employees.
• C) "Whistle blowers," because of the courage it takes to blow the whistle, are generally promoted more rapidly than other employees.
• D) It is not useful for large corporations to develop a formal set of rules defining ethical and unethical behavior.
• E) Although people's moral characters are probably developed before they are admitted to a business school, it is still useful for business schools to cover ethics, if only to give students an idea about the adverse consequences of unethical behavior to themselves, their firms, and the nation.

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Definitions:

Independent Contracts

Agreements between individuals or organizations where one party offers services to another as a non-employee.

Exculpatory Agreement

A contract provision that relieves one party of liability if damages are caused during the execution of the contract.

In Pari Delicto

A legal doctrine stating that if both parties involved in a lawsuit are equally at fault, the court will not assist either party.

In Pari Delicto

A legal doctrine that prevents a plaintiff who has participated in wrongdoing related to the lawsuit from recovering damages.