Question 1
Which of the following is a FALSE statement?
Answer
a. A Utilitarian analysis could morally support the closing of aplant in the U.S. and the outsourcing of the jobs to India if thegood consequences resulting from the closure and outsourcingoutweighed the harms to the U.S. employees and local community.
b. Kant would not be concerned with a company doing anything fordownsized, displaced, and dislocated U.S. workers as a result of aplant closure and downsizing and outsourcing of their jobs overseassince everyone knows that “things are tough” in a globaleconomy.
c. Pollution not only has a legal dimension but also a moral onedue to the effects of pollution on the environment, human beings,and other sentient creatures.
d. A Utilitarian would be likely to approve the pollution creditplan because a greater good of less pollution for society isachieved; whereas a Kantian would be likely to disapprove itbecause some local communities are suffering “legal” pollution.
Question 2
Payments by representatives of Western Technology, Inc. to foreigngovernment officials in exchange for favorable business decisionsin foreign countries are best described as:
Answer
Always illegal under the U.S. Foreign Corrupt Practices Act sincebribery is a serious legal wrong
Legal if they are “facilitating and expediting” payments
Always immoral based on ethics since bribery is a serious ethicalwrong.
Legal if the foreign government official tells the companyrepresentatives that the payment is legal under the official’scountry’s laws.
Question 3
Home Depot Corporation makes material civic and charitablecontributions in the communities where it has its stores. Inparticular, the company contributes to local Habitat for Humanityorganizations. The company executives who established this policyof corporate giving can be best described as acting:
Answer
a. Legally since the federal Department of Housing and UrbanAffairs (HUD) requires that all “big-box” home supply retailers asa condition of getting their federal charter make civic andcharitable contributions.
b. Morally since Home Depot is ethically the “last resort,” thatis, the only alternative to house the homeless in the UnitedStates.
c. Socially responsible in a smart, shrewd, strategic, andlong-term sense.
d. Immorally pursuant to Utilitarian ethics since the greater goodof the executive stakeholder group is not being achieved since themoney being given to charities could be going for executivebonuses.
Question 4
Under Rule l0b-5, which is true about insiders?
Answer
Officers and directors are insiders, but employees who are notofficers are not insiders.
Officers and directors are insiders, but lawyers and accountantswhich are hired only on a temporary basis are not insiders.
Employees at all levels in a company are insiders, as well aslawyers, accountants, and consultants even when hired only on atemporary basis.
Agents hired on a temporary nonemployee basis to provide servicesto the company are not insiders.
Question 5
 If an important contract term is ambiguous, the contractunder the common law
isAnswer
Probably illegal as against public policy
Probably enforceable
Probably unconscionable
Probably unenforceable
Question 6
Which of the following is a correct statement?
Answer
Only a plaintiff in a lawsuit can file a motion for judgment on thepleadings in the U.S. civil law system.
When a forum-selection or choice-of-law clause is included in aninternational contract, legal proceedings are more complex,attended by more uncertainty, and much more difficult.
Payments to foreign government officials are always illegal sincebribery is a serious moral wrong.
International law is a body of law that in part governs relationsamong nations.
ScholarMatic: Explanation & Answer
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