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BUL 4310 MIDTERM EXAM NEWEST 2024 ACTUAL
EXAM COMPLETE 2 50 QUESTIONS AND CORRECT
DETAILED ANSWERS ( VERIFIED ANSWERS)
|ALREADY GRADED A+
Orson files a suit against Portia. Before going to trial, the parties meet, with their attorneys to represent them, to present their dispute to a third party who is not a judge but who imposes a resolution on the parties.This is - ANSWER- arbitration
Lucille files a suit against Murray. They meet, and each party's attorney argues the party's case before a judge and jury. The jury presents an advisory verdict, after which the judge meets with the parties to encourage them to settle their dispute. This is - ANSWER- a summary jury trial
To resolve a dispute in nonbinding arbitration, Alyson in Baltimore and Chuck in Denver utilize E-Resolve, an online dispute resolution (ODR) service. This limits these parties' recourse to the courts - ANSWER- not at all
Lorena files a suit against Milton. Before going to trial, the parties, with their attorneys, meet to try to resolve their dispute. A third party suggests or proposes a resolution, which the parties may or may not decide to adopt. This is - ANSWER- mediation 1 / 4
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Transcontinental Tours, a U.S. firm, and Victoria Hotels, Ltd., a Canadian firm, enter into a contract that does not have a forum-selection or choice-of-law clause. Litigation between Transcontinental and Victoria over a dispute involving this contract may occur in - ANSWER- Canada, the United States, or both
The goal of mediation is to work out a resolution that benefits both sides to a dispute. - ANSWER- True
A choice-of-law clause designates the jurisdiction for the litigation of disputes arising under a contract. - ANSWER- False
A submission occurs when one of the parties to arbitration agrees to give up his or her claims. - ANSWER- False
A compulsory arbitration in a consumer contract may be unconscionable. - ANSWER- True
To resolve a dispute, Ripley in South Dakota and Tyler in Utah utilize Virtual Solution, a nonbinding online dispute resolution (ODR) service.This limits these parties' recourse to the courts - ANSWER- not at all
An arbitrator's award may be set aside if the arbitrator accepted a bribe. - ANSWER- True
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A court's review of an arbitrator's award may be restricted. - ANSWER- True
Most states do not enforce agreements to arbitrate disputes between private parties. - ANSWER- False
Some cities use online dispute resolution as a means of resolving claims against them. - ANSWER- True
The least expensive method of resolving a dispute between Ronald and Sharon may be - ANSWER- negotiation because no third parties are needed.
The study of business ethics is concerned with the purposes of a business and how that business achieves those purposes. - ANSWER- True
Digital Analytics, Inc., considers the impact of its corporate decisions on various groups and often acts in the interest of a group that has a greater stake in a decision than Digital's shareholders. This approach is most likely to attract potential employees who are - ANSWER- recent college graduates
Ethics is based more on research than judgment. - ANSWER- False
According to utilitarianism, it does not matter how many people suffer a negative effect from an act. - ANSWER- False 3 / 4
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Petro Refining Corporation makes payments to potential customers, suppliers, and others with whom they might do business, including foreign private companies and the representatives of foreign labor organizations. If Petro knows that these payments will be passed on to a foreign government, this practice is - ANSWER- illegal if the payments violate the Foreign Corrupt Practices Act
The concept of corporate social responsibility is imposed on corporations by law. - ANSWER- False
Comfort Foods Corporation makes and markets its products nationwide.To be considered socially responsible when making a business decision, Comfort Foods must take into account the needs of - ANSWER- its employees, owners, customers, creditors, suppliers, and the community
An action may be legal but not ethical. - ANSWER- True
Steaks n' Fries Restaurant Company's decision makers view a particular risk in the consumption of Steaks n' Fries' products as open and obvious.Continuing to market the products without explicitly telling consumers of the risk could be justified from a perspective of - ANSWER- outcome-based ethics
Under the principle of rights theory, one person's principles are as "right" as another's. - ANSWER- False
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