Eve, an employee of First Federal Bank, takes an outcome-based or consequences or stakeholder approach to ethics. Eve likely believes that she must

A.

achieve the greatest good for the most people.B.avoid unethical behavior regardless of the consequences.

C.conform to society's standards.

D.place her employer's interest first.

What is false about fraud?

A.

It is based on a false statement or misrepresentation of a material fact.B.There must be evidence of scienter, that is, evidence of a bad intent to purposefully defraud a victim.

C.Erroneous opinions and incorrect predictions generally will give rise to a lawsuit for fraud.

D.Silence as a general rule is not fraud.

Which of the following is a FALSE statement?

A.

As a general rule, shareholders cannot compel the board of directors of the corporation to issue a dividend.B.Common stock represents the residual ownership of the corporation.

C.The board of directors of a corporation must approve any merger plan.

D.Preemptive rights of shareholders are illegal in most states since they maintain the current corporate ownership structure and thus perpetuate the "good old boy" network and "glass ceiling."

John files a breach of contract suit against Kay, and loses. John appeals, and loses again. The United States Supreme Court is

A.

required to hear the case if John appeals again.B.required to hear the case if John lost in a federal court.

C.required to hear the case if John lost in a state court.

D.not required to hear the case.