Question1 Ownership interests in a corporation are known as:

a.limited partnerships.

b.stock.

c.membership interests.

d.private placement.

Question2 Intangible personal property is:

a.Property that does not physically exist.

b.Also chattel.

c.Property that can be touched.

d.Personal property attached to real property.

Question3 Law can generally be defined as:

a.the exercise of power.

b.the opinions of the leader of a nation.

c.rules enforced by a government authority.

d.the dictates of a particular religion.

Question4 Reasons for businesses to focus on corporate social responsibility include all of the following EXCEPT:

a.Maximizing short-term profits.

b.Reducing cost and risk.

c.Gaining competitive advantage.

d.Developing and maintaining legitimacy and reputational capital.

Question5 Typical terms to include in an employment contract include all of the following EXCEPT:

a.that the employee will be considered to be an at-will employee.

b.benefits, such as health, life, or disability insurance or retirement accounts.

c.vacation and sick-day policies.

d.nondisclosure agreements relating to company trade secrets

Question6 Ethics codes are generally viewed by corporations as:

a.a way of expressing the values of the corporations.

b.a way of undermining moral autonomy.

c.the cornerstone of a successful compliance program.

d.as a way of gaining uncritical acceptance of authority.