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Category > Law Posted 25 Oct 2020 My Price 12.00

Business Law Unit 1 Challenges Sophia

Business Law Unit 1 Challenges Sophia

Challenge no# 1

The theory of legal realism is based on which of the following?

Societal norms

Interpretation and enforcement

Human rights

Coercion

The theory of legal positivism is based on which of the following?

· a.)

The social construction of laws

· b.)

Social and economic interests

· c.)

The morality of laws

· d.)

Due process

The theory of natural law is based on which of the following?

· a.)

Societal norms

· b.)

Human-made laws

· c.)

Discovered moral truths

· d.)

Interpretations of existing laws

Knowledge of the __________ Act minimizes a business' liability exposure when making advertising decisions.

· a.)

Truth in Lending

· b.)

Sarbanes-Oxley

· c.)

Civil Rights

· d.)

Federal Trade Commission

Which of the following laws or agencies protects the public from the consequences of risky accounting practices?

· a.)

Sarbanes-Oxley Act

· b.)

Federal Trade Commission

· c.)

Truth in Lending Act

· d.)

Title VII

Which of the following laws or agencies protects the public from discriminatory hiring practices?

· a.)

Securities and Exchange Commission

· b.)

Truth in Lending Act

· c.)

Title VII

· d.)

Federal Trade Commission Act

Law that has been established by the courts over time is known as __________.

· a.)

a statute

· b.)

positive law

· c.)

jurisdiction

· d.)

common law

Which of the following is true of criminal law?

· a.)

Cases typically occur between private parties.

· b.)

A preponderance of evidence is necessary for conviction.

· c.)

Its purpose is to settle individual disputes peacefully.

· d.)

Possible remedies include jail time.

In which area of law are state and federal jurisdiction most likely to overlap?

· a.)

Domestic matters

· b.)

Contracts

· c.)

Torts

· d.)

Environmental regulations

Select the true statement about public law in the U.S.

· a.)

It does not allow penalties for violators.

· b.)

It is handed down by authorities with no input from the people.

· c.)

It is based on social custom, but is not enforceable by the government.

· d.)

It applies to everyone within a jurisdiction.

Select the true statement about procedural law in the U.S.

· a.)

It is upheld when no substantive law exists.

· b.)

It is upheld to ensure fairness in applying the law.

· c.)

It only applies to the parties in a contract.

· d.)

It defines how citizens should act with one another.

Select the true statement about substantive law in the U.S.

· a.)

It does not relate to the enforcement of laws.

· b.)

It is only binding on specific parties.

· c.)

It concerns the rules by which laws are applied.

· d.)

It specifies the legal rights and duties of citizens.

If the U.S. Constitution does not give the federal government explicit jurisdiction over an area of law, the jurisdiction falls to __________.

· a.)

the courts

· b.)

the states

· c.)

the people

· d.)

the President

The Bill of Rights in the U.S. Constitution __________.

· a.)

protects certain business entities in addition to citizens

· b.)

allows for the personal freedom to do whatever one pleases

· c.)

is a secondary source of law

· d.)

applies only to the American people

Within the federalist system, federal law is __________ state law.

· a.)

supreme over

· b.)

equal to

· c.)

dependent on

· d.)

identical to

Statutory law is created by __________.

· a.)

the executive branch

· b.)

the judicial branch

· c.)

all three branches of government

· d.)

the legislative branch

Administrative law is created __________.

· a.)

as a result of delegation from the legislative branch

· b.)

to carry out the will of the executive branch

· c.)

by legislative committees at the state and federal level

· d.)

as a result of judicial precedent

Common law is created __________.

· a.)

by the judiciary

· b.)

by the executive branch

· c.)

by the House of Representatives

· d.)

by government agencies

challenge no # 2

Which of the following is a consideration when choosing a form of business organization?

· a.)

Whether or not the business has any competitors

· b.)

The level of legal complexity the founder of a business is willing to take on

· c.)

Whether a business produces a good or a service

· d.)

How long the business has been in operation

Which of the following is a consideration when choosing a form of business organization?

· a.)

The size of the company's customer base

· b.)

The number of market competitors

· c.)

The degree of personal liability a business owner wishes to be exposed to

· d.)

The degree of complexity in the business's supply chain

Which of the following is a consideration when choosing a form of business organization?

· a.)

The design of the business's logo

· b.)

How much control a business owner wants to retain

· c.)

Why the business owner chose to enter a particular business field

· d.)

Which county within a state the business's headquarters will be located

Which of the following describes a limited partnership?

· a.)

A business in which at least one partner shares profits and losses equally, but only for a limited time

· b.)

A business in which two or more persons have agreed to participate in the day-to-day management of the business

· c.)

A business with a partner who shares in the profits, but is not liable for debts outside of his or her initial financial contribution

· d.)

A small business with a single owner

Which of the following describes a sole proprietorship?

· a.)

A business in which only one partner is fully liable for the business' debts

· b.)

A business in which two persons agree to run a single business together

· c.)

A business with a single owner who is responsible for all debts, but individually controls all profits

· d.)

A business with more than one owner, in which each partner is fully and individually responsible for any liabilities incurred by the company

Which of the following describes a general partnership?

· a.)

An agreement between two or more persons to operate a business and share profits and losses

· b.)

A business with a single owner who is fully liable for all debts

· c.)

An agreement between two separate businesses to form a new business with a single owner

· d.)

An agreement between two or more persons to operate a business, but in which one partner's losses are limited to what he or she initially invested

Why is incorporation an attractive form of business organization for many new companies?

· a.)

Because it is less burdensome to manage than a sole proprietorship or a partnership

· b.)

Because there are very few laws that govern corporations

· c.)

Because it allows parties to invest in the company without taking on significant risk

· d.)

Because of the tax advantages that it confers

Why are corporations sometimes preferred over sole proprietorships and partnerships?

· a.)

They are less risky, because they better protect the personal assets of shareholders.

· b.)

They generally have a lower tax burden.

· c.)

They are more secure, because ownership can never be transferred.

· d.)

They are simpler to create and manage.

Which of the following is true of the limited liability of corporations?

· a.)

It is weaker than that of sole proprietorships.

· b.)

It can be revoked in certain circumstances.

· c.)

It is absolute.

· d.)

It is only applicable to the founding shareholders.

Which of the following individuals would benefit most from an LLC?

· a.)

Hector is thinking of starting a business and wants a form of organization that gives him flexibility and adaptability when it comes to taxes.

· b.)

Gerald wants to formalize his business, but he's interested in the simplest form of business organization and not really worried about liability.

· c.)

Veronica is going into business with her friend and thinks they would benefit from a board of directors to help them make major business decisions.

· d.)

Tessa has a great idea for a start-up and wants a form of business organization that will make it easy for her to raise funds quickly.

Which of the following individuals would benefit most from an LLC?

· a.)

Dave has a great idea for a business, but he hopes that once it gets up and running, he can be a "silent" partner and not have to participate in any day-to-day management.

· b.)

Colin wants to start a business with five of his friends, but they want their business to be a separate entity that protects them from personal liability. They also do not want to deal with burdensome obligations like annual meetings.

· c.)

Sheri is one of the founders of what is expected to be a large business operation. When it comes to choosing a form of business organization, she values limited liability, but she also wants a board of directors who can make major decisions.

· d.)

Jen has a thriving business that she envisions taking public within a year. She is eager to begin selling stock and raising more funds that she can reinvest in her company.

Which of the following individuals would benefit most from an LLC?

· a.)

Geoff is starting a small business and wants to be sure that his risk exposure is minimized, but - as a small business - it doesn't make sense to have a board of directors or officers.

· b.)

Sarah and Jane have big plans to turn their crafting hobby into a business, but they don't want to bother with drafting an operating agreement and are not particularly concerned with matters of liability.

· c.)

Danny is starting up a new business, but he has very little money set aside; therefore, he plans to establish the simplest and least expensive form of business organization.

· d.)

Alejandro is in the process of turning his great idea into a business and needs a form of business organization that will help him raise funds so that he can scale up as quickly as possible.

Challenge no #3

Which case would the federal courts be permitted to hear under their diversity of citizenship jurisdiction?

· a.)

A resident of Vermont sues the company he hired to build his new home for damages in the amount of $500,000. The business owner is also a Vermont resident.

· b.)

An Idaho resident sues the owner of a company located in Montana for breach of contract, seeking damages in the amount of $450,000.

· c.)

A citizen of New York sues a tenant of a property she owns in New Jersey for damages in the amount of $50,000.

A citizen of Florida sues his local dentist for malpractice, seeking damages in the amount of $1,000,000.

Which case would the federal courts be permitted to hear under their diversity of citizenship jurisdiction?

· a.)

A citizen of Texas is seeking a temporary restraining order against her former boyfriend, who is a citizen of Mississippi.

· b.)

A citizen of North Carolina initiates a tort claim against a citizen of California from whom she recently bought a car. The car's brake system failed, resulting in an accident, and damages are being sought in the amount of $85,000.

· c.)

A Maine resident sues his wife, who is also a Maine resident, for custody of their two young sons as part of their divorce proceedings.

· d.)

A veterinarian from Pennsylvania is suing one of his customers, who is also from Pennsylvania, for unpaid bills relating to the care of her pet cockatoo. The amount of the lawsuit is $18,000.

Which case would the federal courts be permitted to hear under their diversity of citizenship jurisdiction?

· a.)

A citizen of Connecticut is suing a newspaper owned and operated in Massachusetts for defamation. She is seeking damages in the amount of $2,000,000.

· b.)

A Colorado property owner is seeking a court order to evict his tenant from the rental apartment in the basement of his home.

· c.)

Two residents of Minnesota are suing each other for breach of contract. The damages being sought by each party total less than $5,000.

· d.)

A resident of Hawaii is suing her neighbor for fraud, seeking damages in the amount of $100,000.

Which level of state court would most likely decide a case related to small-scale shoplifting?

· a.)

Supreme court

· b.)

Limited jurisdiction court

· c.)

General jurisdiction court

· d.)

Intermediate appellate court

Which level of state court would most likely decide a case related to child custody?

· a.)

Supreme court

· b.)

General jurisdiction court

· c.)

Limited jurisdiction court

· d.)

Intermediate appellate court

Which level of state court would most likely decide a case related to murder?

· a.)

Supreme court

· b.)

Intermediate appellate court

· c.)

Limited jurisdiction court

· d.)

General jurisdiction court

Select the correct order of progress for a civil trial through the federal court system.

· a.)

U.S. Circuit Court, U.S. Supreme Court, U.S. District Court

· b.)

U.S. District Court, U.S. Circuit Court, U.S. Supreme Court

· c.)

U.S. Circuit Court, U.S. District Court, U.S. Supreme Court

· d.)

U.S. District Court, U.S. Supreme Court, U.S. Circuit Court

If a criminal defendant is dissatisfied with the outcome of a trial, where would he or she file an appeal?

· a.)

U.S. Circuit Court

· b.)

U.S. Supreme Court

· c.)

U.S. magistrate judge

· d.)

U.S. District Court

A federal felony criminal trial would be presided over by which level of the federal court system?

· a.)

U.S. magistrate judge

· b.)

Circuit Court judge

· c.)

District Court judge

· d.)

U.S. Supreme Court justice

Which of the following cases falls under the exclusive subject matter jurisdiction of the federal courts?

· a.)

Probate of a will

· b.)

A divorce proceeding

· c.)

A bankruptcy proceeding

· d.)

A murder trial

Which of the following cases falls under the subject matter jurisdiction of a state court?

· a.)

A patent claim

· b.)

An IRS tax dispute

· c.)

A robbery

· d.)

A counterfeiting case

Which of the following cases falls under the exclusive subject matter jurisdiction of the federal courts?

· a.)

A personal injury lawsuit

· b.)

A contract dispute

· c.)

A patent case

· d.)

A landlord-tenant dispute

Select the example where the court has established personal jurisdiction over the defendant.

· a.)

Adrienne is being sued by a tenant in the apartment building she owns. Both Adrienne and her tenant are residents of Florida. Adrienne is currently vacationing in Italy, but her husband received a copy of the complaint and a summons at their home in Florida.

· b.)

Charlie is being sued by a woman who was injured when she slipped and fell in Charlie's house. Charlie's house is in Wisconsin, but the woman is from New York. Charlie received a summons ordering him to appear in court in New York to respond to her complaint.

· c.)

Bruce is suing a carpenter for breach of contract. The carpenter was hired to help build a home for Bruce's mother-in-law in Michigan, which is where the carpenter's business is also located. Bruce is a resident of Georgia, so he has filed the lawsuit in Georgia.

· d.)

Deirdre is the defendant in a lawsuit filed by a woman who claims that Deirdre slandered her. Both the plaintiff and Deirdre are residents of Alaska, but the court has so far been unable to locate Deirdre to serve her notice that she is being sued.

Select the example where the court has established personal jurisdiction over the defendant.

· a.)

Steve has filed a lawsuit against his former business partner. Their general partnership was located in Ohio, but Steve doesn't live there anymore, and he would like the case to go to trial close to his new home in Indiana. The defendant, who still lives in Ohio, is personally delivered a summons to appear in court in Indiana.

· b.)

Shawn is suing a journalist for defamation in the state of Vermont, which is Shawn's state of residence. The journalist writes for a large newspaper in Vermont, but she lives in the neighboring state of New York. The journalist received a copy of the complaint and summons at her office at the newspaper.

· c.)

Paul and Marnie were married for four years in the state of Rhode Island. They were recently divorced, and now Paul is suing Marnie for damages relating to alleged emotional abuse. Marnie, who now lives in Nevada, receives a summons to appear in court in South Carolina, which is where Paul lives now.

· d.)

Linda is suing a woman she bought a ring from while on vacation in Arizona. The woman claimed the ring was diamond, but it turns out to be nothing more than glass. Since Linda is a resident of Wyoming, the jeweler receives a summons at her storefront in Arizona to appear in court in Wyoming.

Select the example where the court has established personal jurisdiction over the defendant.

· a.)

John receives a summons at his home in Maine, notifying him that a complaint has been filed against him in Virginia. The lawsuit was initiated by Tom, a resident of Virginia, and relates to a fistfight that occurred between them at a bar in Massachusetts. John is a resident of Maine, and does not have any personal or business connections to Virginia.

· b.)

Hadley is being sued by her former business partner. Both Hadley and the plaintiff are residents of Texas, and their business was located in Texas as well. Hadley recently fled to Mexico, though, and the court's process server has been unable to locate her to deliver a summons.

· c.)

Maria is a resident of and business owner in the state of California, but she is being sued in Oregon by her former employee. Maria was personally served a summons three weeks ago. Although she has no substantive connections to Oregon, she has since responded to the summons, appeared in the action, and filed an answer to the complaint.

· d.)

Trey, who is a resident of Alabama, opened his mail and discovered a notice of complaint and a summons to appear in court in Nebraska. The lawsuit against him relates to a minor car accident that occurred in Alabama between him and Francis, a Nebraska resident.

A 28-year-old woman is accused of credit card fraud and the case goes to trial. The trial judge ultimately issues a directed verdict.

Why might this have occurred?

· a.)

The jury was hung, meaning it could not come to a unanimous decision.

· b.)

The judge believed the plaintiff did not provide enough evidence for a jury to possibly decide in his or her favor.

· c.)

The judge disagreed with the decision of the jury.

· d.)

The jury was instructed to decide the case as the judge wanted.

A corporation is tried for discriminatory hiring practices. After the judgement against it, the corporation appeals the decision.

What is the purpose of considering the appeal of the trial court's decision?

· a.)

To try the case in front of a different jury

· b.)

To provide the corporation with a second chance to prove its case or defense

· c.)

To verify that the trial proceedings were not corrupt

· d.)

To ensure a reasonably fair trial was provided by the trial judge

An insurance company is sued for breach of contract. At the end of the trial, the trial judge issues a judgement n.o.v. (notwithstanding the verdict).

What does this mean?

· a.)

The trial judge disagrees with the decision of the jury, even though the jury has correctly applied the law.

· b.)

The trial judge declares a mistrial and the case will need to be retried at a later date.

· c.)

The trial judge issues a written opinion that may disagree with the jury's decision, but which holds no legal weight.

· d.)

The trial judge issues the final verdict, because the judge believes the jury has failed to apply the law as instructed.

What is a disadvantage of mediation compared to arbitration?

· a.)

Mediation is more public, and thus more open to scrutiny.

· b.)

Mediation is typically much more costly than arbitration.

· c.)

It relies on a neutral third party to ensure fairness.

· d.)

It is possible that mediation will fail to result in resolution.

In mediation, unlike arbitration, the mediator __________.

· a.)

cannot be dismissed in favor of litigation

· b.)

assists the parties in finding a mutually acceptable resolution to a dispute

· c.)

issues a ruling that is binding on both parties

· d.)

determines and issues a resolution that is an equal compromise between the parties

Unlike the results of a mediation, an arbitration award __________.

· a.)

can generally be appealed and reheard before a court

· b.)

is more likely to preserve harmonious business relationships

· c.)

is not a final adjudication or decision resolving a dispute

· d.)

is generally final and cannot be appealed by either party

challenge no #4

Select the true statement about the relationship between law, ethics, and business.

· a.)

Legal and ethical compliance always has immediate and measurable benefits for companies.

· b.)

Legal and ethical compliance in business provides value and builds support for future profits.

· c.)

Legal and ethical compliance is a goal of all companies.

· d.)

Legal and ethical compliance in business is the right thing to do, and it never damages profitability.

Select the true statement about the relationship between law, ethics, and business.

· a.)

Our laws specifically express the desired ethical conduct in business.

· b.)

Our laws express the minimums of socially-desired ethical business conduct.

· c.)

Our laws ensure moral excellence in business.

· d.)

Our laws have nothing to do with ethical business behavior.

Select the true statement about the relationship between law, ethics, and business.

· a.)

A business that follows the laws is always morally excellent.

· b.)

A law-abiding business is considered to be acting ethically to some degree, but could do more outside of the legal requirements.

· c.)

A business that follows the laws cannot be completely ethical.

· d.)

A law-abiding business must act completely ethical.

Jonah owns a cleaning business with many satisfied customers who like the green cleaning products he uses. He recently discovered that his cleaning spray was misrepresented by its supplier and contains chemicals that are harmful to the environment. Even though Jonah now has to purchase a more expensive cleaning spray, he decided it was the right thing to do because lying is wrong, and if everyone lied, society could not function.

Which ethical theory is Jonah most likely applying to his decision?

· a.)

Social contract theory

· b.)

Virtue ethics

· c.)

Deontology

· d.)

Utilitarianism

Marielle is a personal trainer, and she's taking her business to the next level by creating and selling a line of energy bars and protein drinks. She's not as concerned with making money as she is with inspiring others to eat healthy, take care of their bodies, and live their best lives. This message is at the core of her marketing and guides her decisions as a business owner.

Which ethical theory is Marielle most likely applying to her business model?

· a.)

Utilitarianism

· b.)

Virtue ethics

· c.)

Social contract theory

· d.)

Deontology

Luna is the CEO of a social media company. Her engineers proposed developing a new app that would allow users to see the social networks of their online friends regardless of privacy settings. When deciding not to develop the app, Luna's company thought carefully about what the long-term benefits to society as a whole would be and whether there was a different app they could develop that would better maximize happiness.

Which ethical theory is Luna's company applying in its decision-making?

· a.)

Deontology

· b.)

Virtue ethics

· c.)

Social contract theory

· d.)

Utilitarianism

Select the true statement about Josephson's Core Values Model for ethical decision-making.

· a.)

It is only helpful if all stakeholders can agree on the ultimate decision.

· b.)

It allows businesses to make decisions without feeling outside pressure from stakeholders.

· c.)

It ensures that businesses will always make the most ethical decisions.

· d.)

Its primary purpose is to promote consideration of specific values and the welfare of stakeholders when making business decisions.

Select the true statement about Josephson's Core Values Model for ethical decision-making.

· a.)

The model allows businesses to determine their own core values when examining decisions.

· b.)

The model is only effective when there is a decision that clearly satisfies a majority of core values.

· c.)

The model is a useful guide, but cannot guarantee that businesses will choose to behave in accordance with the results of the process.

· d.)

The model prioritizes the interests of shareholders over other stakeholder groups.

Select the true statement about Josephson's Core Values Model for ethical decision-making.

· a.)

Profitability is a core value that lies at the heart of the model.

· b.)

The profitability of a company has no place in ethical decision-making.

· c.)

Considering profitability ensures that the most ethical decision will be made.

· d.)

Profitability is one consideration of the model, especially as it relates to stakeholders, but it is not the most important consideration.

After a nationwide spike in gun-related violent crime, a corporation decides to discontinue gun sales in its retail stores, even though this will probably hurt the company's sales in the next quarter.

According to stakeholder theory, did the corporation fulfill its duty?

· a.)

Yes, because the officers are getting ahead of any new laws that might be passed relating to gun sales.

· b.)

Yes, because the company has a responsibility to uphold public interests like reducing the number of guns in the community.

· c.)

No, because the decision will hurt the company's bottom line.

· d.)

No, because the company should not be involving itself in matters of public policy.

The CEO of an auto manufacturing corporation announces that the company will attempt to reduce emissions in its vehicles beyond the levels mandated by the government within ten years. Even though the company will have to invest heavily in new technologies to achieve this goal, the CEO believes everyone has a moral obligation to reduce their carbon footprint.

According to Milton Friedman, did the corporation fulfill its duty?

· a.)

Yes, because the CEO has a fiduciary duty to make decisions that he or she believes are best for the company.

· b.)

No, because the company should be manufacturing electric vehicles instead.

· c.)

Yes, because the company is thinking long-term about its impact on the environment.

· d.)

No, because the company should not spend shareholder money to go beyond what is required by law, unless there is an expected financial return on investment.

A pharmaceutical company spends hundreds of millions of dollars developing a drug that successfully treats a rare form of cancer. The drug has no other competitors on the market, but the corporation decides to sell it at a very low price in an effort to make it easily available to those who need the life-saving treatment.

According to stakeholder theory, did the corporation fulfill its duty?

· a.)

Yes, because the officers are following the directives of the board of directors.

· b.)

No, because the company is failing to maximize the profits it could make through the sale of the drug.

· c.)

Yes, because the company is advancing an important social interest by making its drug affordable.

· d.)

No, because the company should be giving away the drug for free rather than selling it.

An employee with a nuclear power company begins keeping a list of major safety violations that she’s noticed at the power plant. Her supervisor is aware of these violations but is not acting on them, so the employee goes to upper management to report what she knows. The company’s code of ethics encourages employees to disclose any information the public has a right to know, including such serious safety violations. However, the employee ends up losing her job.

Consider what you have learned about the factors that impact corporate culture. What is the ethical strength of the corporation in the example?

· a.)

Weak, because the corporation doesn't seem to have a way for employees to report violations of the law.

· b.)

Weak, because the corporation is "killing the messenger."

· c.)

Strong, because now other employees know that if they point out an ethical issue, it will result in change.

· d.)

Strong, because its employees are following the ethical code of the corporation.

Branch workers at a U.S. bank receive bonuses that are tied to the number of new accounts they sell to clients each month. Some workers have begun opening fraudulent accounts in order to boost their numbers. This activity clearly violates the company’s code of ethics, which the CEO speaks about often. Still, branch managers are afraid to raise the issue with corporate headquarters. The CEO and other officers are thrilled with the company’s rising profits, which have translated into a rising stock price.

Consider what you have learned about the factors that impact corporate culture. What is the ethical strength of the corporation in the example?

· a.)

Strong, because the corporation has a code of ethics that specifically discourages this kind of behavior.

· b.)

Strong, because the employees are delivering value to shareholders by increasing sales.

· c.)

Weak, because the corporation is "managing by the numbers."

· d.)

Weak, because the CEO does not encourage good conduct.

An auto manufacturer discovers that the brake system occasionally fails in one of its models, resulting in a handful of terrible accidents and one death. In response, the company issues a recall of the vehicle model and promises to install new brake systems and fix the design flaw at the production level. The recall is projected to cost the company hundreds of millions of dollars, and its stock price plunges.

Consider what you have learned about the factors that impact corporate culture. What is the ethical strength of the corporation in the example?

· a.)

Weak, because the company's leadership appears to be "self-dealing."

· b.)

Strong, because the company is prioritizing long-term ethical behavior over short-term gains.

· c.)

Weak, because the company's decisions will have a negative impact on shareholders.

· d.)

Strong, because the auto manufacturer is "managing by the numbers."

Corporate leadership has detected several instances of potentially illegal behavior by employees of the company. The corporation is concerned about being held liable for the actions of its employees.

Select the strategy that would be least effective in reducing the company's criminal liability.

· a.)

It could document its efforts to develop a thorough and active compliance program to deter legal violations.

· b.)

It could refuse to cooperate with any external investigations of its employees.

· c.)

It could institute a biannual corporate-wide retreat to discuss issues surrounding criminal behavior.

· d.)

It could establish an internal reporting system for employees with concerns about criminal behaviA corporation fires its CEO after an employee turns the CEO in to the police for insider trading. Although the corporation isn't liable in this instance, the board is concerned about reducing criminal liability in the future.

Select the strategy that would be least effective in reducing the company's criminal liability.

· a.)

It could update its code of ethics and ensure it's frequently referenced by management.

· b.)

It could encourage employees to investigate one another.

· c.)

It could hire a new CEO who outwardly prioritizes ethical behavior and leads by example.

· d.)

It could publicly and substantively support the whistleblower who exposed the former CEO.

or they encounter.

It comes to the attention of a corporate CEO that several accountants within the corporation have been falsifying records. The CEO is concerned about corporate liability for the accountants' actions.

Select the strategy that would be least effective in reducing the company's criminal liability.

· a.)

The CEO could research whether the violated statute has a safe harbor provision.

· b.)

The CEO could directly report the illegal activity to the authorities.

· c.)

The CEO could encourage the accountants to quit their jobs.

· d.)

The CEO could restructure employee compensation to incentivize ethical behavior.

Answers

SmartExpert

(118)

Status NEW Posted 25 Oct 2020 05:10 PM My Price 12.00

Bus-----------ine-----------ss -----------Law----------- Un-----------it -----------1 C-----------hal-----------len-----------ges----------- S-----------oph-----------ia-----------

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