GMS Practice Exam

Financial trading agreements are generally considered fair as long as they are reached through good-faith bargaining

Which of the following is necessary for whistle-blowing to occur?

It is acceptable to use employees’ medical information to determine eligibility for employment

ABC Corporation is an American company that wishes to do business with Rimonter, a corporation located in Asia. Rimonter has the standard practice of requiring an undocumented payment of $50,000 to a charitable organization headed by Rimonter's CEO. This payment is required in exchange for securing a manufacturing contract with Rimonter Corporation. In response to Rimonter's demand, ABC Corporation should

To protect customers' privacy on the Internet, ABC Corporation is comparing several strategies. To best protect privacy, the company should allow its customers to

Discrimination is widely considered unethical because it is unjust

Trade-secret protection agreements that are based on confidentiality assume that

A company with a comprehensive ethics program will always avoid sanctions under the Federal Sentencing Guidelines

Wage standards in developing countries are often low because wages are not set by the market

A drawback to theorizing business ethics in terms of rights is that conceptions of rights are always the same across cultures

The drawback of using a subjective standard for hazard assessment is that employees may lack expert judgment

The dependence effect is an ethical danger zone because

A whistle-blower is primarily motivated by ethical concerns

The central argument for shareholder control of a company states that

A company measuring CSR results must ensure the data are interpreted using well-respected guidelines

According to the “classical view,” companies

The utilitarian argument for employment at will is based on the idea that employers and employees both benefit from it

The notion of justice is most basically concerned with

Market outcomes are unequal mainly due to participants' differing levels of skill

It is not generally illegal to discriminate on the basis of

If employers maintain that they can protect employees from hazards better than employees can, this is incompatible with employees’

The economic character of business is primarily reflected in its ethical dimensions

In many cases, rules of business ethics can be determined by______.

A fiduciary has the special responsibility to

Takeover offers must now be accompanied by enough time so that

The notion of due process can be used to argue against employment at will because

Noncompetition agreements can make it difficult for employees to find suitable work

An advertisement causes a false belief if it deceives an ignorant consumer