Which of the Following Is an Example of How Ethics

question 53

Multiple Choice

Which of the following is an example of how ethics shapes business laws?

• A) Contract laws require parties to live up to promises because keeping promises is part of our ethical inclination to encourage trust.
• B) Bribery is legal for U.S. companies doing business in foreign countries because respecting foreign cultures is part of our community ethics.
• C) Business law requires companies to put profits above all else, because protecting the rights of shareholders is the ethically proper course of action.
• D) Contract laws require parties to obey even unenforceable agreements because of our ethical belief that every promise must be kept at all times.
• E) Bribery is legal for U.S. companies doing business in foreign countries because foreign businesses can pay bribes and our ethical inclination is to level the playing field for American businesses.

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Definitions:

Short-term Memory

A temporary storage system in the brain for holding a small amount of information readily available for a short period of time.

Iconic Memory

A type of visual sensory memory that retains information for a very brief period, often described as the afterimage left by a visual stimulus.

Primacy Effect

A cognitive bias that results in the enhanced recall of items or information presented at the beginning of a list or sequence.

Recency Effect

The tendency to remember the most recently presented information best when recalling a list of items.