Maximize a business long-run profits


Problem 1: Carol, an Acme Co. employee, regularly takes pens, paper, and other office supplies from the Acme office supply cabinet and brings them home for her husband to use in his home office. Carol defends this action by saying that: "I don't get paid enough, and besides, no one will miss the supplies." This statement is an example of ______________.

1 circular reasoning
2 false analogy
3 deontology
4 a non sequitur

Problem 2: ____________ as an ethical theory requires a decision maker to maximize a business's long-run profits within the limits of the law.

1 rule utlitarianism
2 act utlitiarianism
3 profit maximization
4 Kant's categorical imperative

Problem 3: This tactic attacks the speaker, not his reasoning.

1 sunk cost fallacy
2 argumentum ad hominem
3 argumentum ad baculumd
4 reduction ad absurdum

Problem 4: Which of the following independent checks only blocks state laws and not federal laws?

1 Equal protection
2 The First Amendment
3 Federal preemption
4 Due process

Problem 5: Which of the following is generally subject to rational basis review?

1 Regulation of political speech that is challenged under the First Amendment.
2 Regulation of commercial speech that is challenged under the First Amendment.
3 Laws that discriminate on the basis of illegitimacy.
4 Laws that regulate social and economic matters.

Problem 6: The ___________ requires a public company to disclose whether it has adopted a code of ethics for senior financial officers, and to disclose any change In the code or waiver of the code's application.

1 categorical imperative
2 Greatest Equal Liberty Principle
3 Sarbanes-Oxley Act of 2002
4 Difference Principle

Problem 7: ________ requires a decision maker to maximize utility for society as a whole.

1 Justice Theory
2 Rights Theory
3 Utilitarianism
4 Profit Maximization

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