Gorhan Construction, Brighton Bros., and Tirenn Construction agreed that on three upcoming projects, Gorhan would bid lowest on one, Brighton would submit the lowest bid on the second project, and Tirenn would submit the lowest bid on the third project. In this way, they would each be assured of work for the upcoming season. This behavior
A. is legal and acceptable practice in the construction industry to spread work more evenly.
B. is a per se violation of the Sherman Act.
C. is a rule of reason violation of the Sherman Act.
D. violates ethical, but not legal, standards.
Answer: B
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Which of the following can at least partially explain the decline in union density rates in the United States since the 1960's?
A. Employment in traditionally unionized industries such as manufacturing has decreased. B. Employment in service and knowledge industries has declined. C. Employment growth in the north has been faster than employment growth in the south. D. Educated workers are more likely to unionize than uneducated workers.
A worker would most likely be eligible for unemployment if they:
A. quit their job voluntarily. B. were terminated for cause. C. start their own business after being terminated from another company. D. are actively looking for work. E. fail to disclose any money earned while claiming unemployment.
The underlying thesis of ethical relativism DOES NOT imply that
A. in a multinational company, application of ethical relativism equates to multiple sets of ethical standards. B. a company that adopts the principle of ethical relativism and holds company personnel to local ethical standards necessarily assumes that what prevails as local morality is an adequate guide to ethical behavior. C. when there are cross-country or cross-cultural differences in ethical standards, it is appropriate for ethical standards in a company's home market to take precedence over what the local ethical standards may be. D. according to the ethical relativism school of thinking, a "one-size-fits-all" template for judging the ethical appropriateness of business actions and the behaviors of company personnel does not exist. E. there are few absolutes when it comes to business ethics and thus few ethical absolutes for consistently judging a company's conduct in various countries and markets.
Ethical relativism holds that when any two individuals or cultures differ regarding the morality of a particular issue or action, they are both correct because morality is relative
a. True b. False Indicate whether the statement is true or false