Question 1

In some countries, businesses must pay bribes to receive supplies they need to stay in business.

Accepted Answer

A) True 
 B)False

Question 2

Ethical decision making has which of the following values?

Accepted Answer

A)   Maximization of profits
B)   Justice and profit maximization
C)   Freedom, profit maximization, security
D)   Freedom, security, justice, and efficiency
E)   Freedom, security, and profit maximizationF) B) and C)
G) B) and D)

Question 3

Consequentialism provides a rigid set of rules to follow regardless of the situation.

Accepted Answer

A) True 
 B)False

Question 4

If a business decides to act outside of the prevailing ethical norms of that community:

Accepted Answer

A)   It risks damage to its reputation and ill will.
B)   There really is no risk to businesses since the community really needs the business to survive.
C)   It only has to worry about the legal implications of its actions.
D)   It takes the chance the law will impose fines against it.
E)   There should be no concerns because the business can move to another community if it needs to.F) B) and C)
G) C) and D) A

Question 5

Jillian is the president of a company that makes small parts for the automotive industry. Customers are primarily auto manufacturers. Jillian's cousin, Frank, works at the company as a sales representative. A promotion to the sales manager position is open. Frank has applied and so has Lisa, another sales representative. While both Frank and Lisa are good employees, they are skilled in different areas, but Lisa has better evaluations from supervisors. Lisa is great with technology and with placing orders. She does an excellent job in following through with ordering problems. She is willing to work weekends and after hours. Frank, on the other hand, is better with customer relations, and customers seem to like him better, but does not follow through on orders as well as Lisa does. Jillian is unsure who to promote. She has several concerns. Her first concern is that it would be expected by her family that Frank should be promoted because he is family. Jillian's second concern is most customers are male, and Jillian suspects that the company's customers would respond better to Frank and purchase more parts from Frank because Lisa is female. Finally, Lisa and Jillian are childhood friends who are very close and Jillian knows that Lisa could use the extra money as a single mother. Define and discuss the WH framework for business ethics, and within that framework propose a solution. Be sure to fully address the populations, purposes, and guidelines included within "W" and "H."

Accepted Answer

Students should reference the ...

Question 6

Economist Milton Friedman argued that the only social responsibility of business is:

Accepted Answer

A)   to increase profits
B)   to do right by others
C)   to follow the law
D)   to increase shareholder values
E)   to not harm the environmentF) B) and C)
G) A) and B) A

Question 7

Nora's roommate, Abigail, is getting ready to go out. Abigail had her hair styled and bought a new dress. Abigail asks Nora how she looks. Unfortunately, the stylist did a terrible job and the new dress is extremely unflattering. Abigail has no time to change. Discuss what Nora would say to Abigail, and why, under the following principles:
(a). Deontology
(b). Act utilitarianism
(c). Rule utilitarianism
(d). Virtue ethics

Accepted Answer

Student answers will likely vary based u...

Question 8

What does the value of freedom mean?

Accepted Answer

A)   To possess a large enough supply of goods and services to meet basic demands
B)   To possess the capacity or resources to act as one wishes
C)   To treat all humans identically, regardless of race, class, gender, age and sexual preference
D)   To possess anything that someone is willing to grant you
E)   To maximize the amount of wealth in societyF) A) and B)
G) A) and C)

Question 9

The idea that we should interact with other people in a manner consistent with the manner in which we would like them to interact with us is called the ________.

Accepted Answer

A)   Equalization Rule
B)   Ethical Realization Rule
C)   Silver Rule
D)   Golden Rule
E)   Ten Commandments RuleF) A) and B)
G) A) and C)

Question 10

Which statement is true concerning the relationship between ethical relativism and situational ethics?

Accepted Answer

A)   Like ethical relativism, situational ethics requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma; but unlike ethical relativism, situational ethics allows us to judge other people's actions.
B)   Like ethical relativism, situational ethics requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma and also like ethical relativism, situational ethics allows us to judge the actions of others.
C)   While the two theories are similar, ethical relativism upholds the existence of objective moral standards whereas situational ethics refuses to recognize the existence of objective moral standards.
D)   Ethical relativism and situational ethics are the same theory.
E)   There is no relationship between ethical relativism and situational ethics because the theories are fundamentally opposed to each other.F) B) and E)
G) C) and D)

Question 11

Business ethics is the application of ethics to the special problems and opportunities experienced by business people.

Accepted Answer

A) True 
 B)False

Question 12

The Economist published an interview of 500 top American business executives, who listed four factors they believe are essential for profits and corporate citizenship to function as partners. These four factors are:

Accepted Answer

A)   Compliance with community standards at all levels, focus on profit above ethics, community engagement, and a focus on fairness.
B)   Ethics at all levels, leadership at all levels, community engagement at all levels, and a focus on profit as the ultimate goal for all levels.
C)   Leadership at all levels, ethics at the upper level, community engagement at all levels, and positive employee/employer feedback.
D)   Ethics at all levels, leadership at all levels, community engagement at all levels, and private ownership.
E)   Leadership at all levels, employee engagement, rigorous measurement of achievement, and public-private partnerships.F) B) and E)
G) A) and B)

Question 13

Business ethics and regular ethics are the exact same.

Accepted Answer

A) True 
 B)False  False

Question 14

Which of the following presents a problem when considering the theory of ethics known as absolutism?

Accepted Answer

A)   The questionable nature of the rules in most absolutist repositories seems overly flexible when applied to different situations.
B)   The unquestionable nature of the rules in most absolutist repositories seems overly inflexible when applied to different situations.
C)   The lack of objectivity.
D)   The fact that most individuals associated with this theory have been proven to have acted to the detriment of their followers in one way or another.
E)   The allegation that an excessive number of followers actually follow consequentialism.F) A) and E)
G) D) and E)

Question 15

Ethical relativism is a theory of ethics that denies the existence of objective moral standards and teaches that individuals must evaluate actions on the basis of what they feel is best for themselves.

Accepted Answer

A) True 
 B)False

Question 16

(The)  ________ maintains that the right course of action is the option most consistent with the building and maintaining of human relationships.

Accepted Answer

A)   Ethics of care
B)   Principle of virtue ethics
C)   Deontology
D)   Act utilitarianism
E)   Rule utilitarianismF) B) and E)
G) A) and D)

Question 17

What does the value of justice mean?

Accepted Answer

A)   To possess a large enough supply of goods and services to meet basic demands
B)   To possess the capacity or resources to act as one wishes
C)   To treat all humans identically, regardless of race, class, gender, age and sexual preference
D)   To be safe from those wishing to interfere with your property rights
E)   To maximize the amount of wealth in societyF) A) and C)
G) B) and E)

Question 18

If a company refuses to bribe a foreign official, even though bribery is necessary to do business in the foreign country, because the company believes bribery is always wrong regardless of consequences, the company is motivated by which theory of business ethics?

Accepted Answer

A)   Ethical relativism
B)   Absolutism
C)   Consequentialism
D)   Deontology
E)   Profit motiveF) C) and D)
G) A) and D)

Question 19

The ________ for ethical behavior seeks consideration of what the world would be like if a decision is copied by everyone else.

Accepted Answer

A)   Golden rule
B)   Universalization test
C)   Public disclosure
D)   Relevant disclosure
E)   World ruleF) All of the above
G) A) and E)

Question 20

What does a reference to the "social responsibility of business" mean? Should businesses consider community expectations, and why or why not?

Accepted Answer

The social responsibility of business co...

Exam 2: Business Ethics

In some countries, businesses must pay bribes to receive supplies they need to stay in business.

Correct Answer
verified

Ethical decision making has which of the following values?

Correct Answer
verified

Consequentialism provides a rigid set of rules to follow regardless of the situation.

Correct Answer
verified

If a business decides to act outside of the prevailing ethical norms of that community:

Correct Answer
verified
A

Correct Answer
verified
Students should reference the ...
View Answer

Economist Milton Friedman argued that the only social responsibility of business is:

Correct Answer
verified
A

Correct Answer
verified
Student answers will likely vary based u...
View Answer

What does the value of freedom mean?

Correct Answer
verified

The idea that we should interact with other people in a manner consistent with the manner in which we would like them to interact with us is called the ________.

Correct Answer
verified

Which statement is true concerning the relationship between ethical relativism and situational ethics?

Correct Answer
verified

Business ethics is the application of ethics to the special problems and opportunities experienced by business people.

Correct Answer
verified

The Economist published an interview of 500 top American business executives, who listed four factors they believe are essential for profits and corporate citizenship to function as partners. These four factors are:

Correct Answer
verified

Business ethics and regular ethics are the exact same.

Correct Answer
verified
False

Which of the following presents a problem when considering the theory of ethics known as absolutism?

Correct Answer
verified

Ethical relativism is a theory of ethics that denies the existence of objective moral standards and teaches that individuals must evaluate actions on the basis of what they feel is best for themselves.

Correct Answer
verified

(The) ________ maintains that the right course of action is the option most consistent with the building and maintaining of human relationships.

Correct Answer
verified

What does the value of justice mean?

Correct Answer
verified

If a company refuses to bribe a foreign official, even though bribery is necessary to do business in the foreign country, because the company believes bribery is always wrong regardless of consequences, the company is motivated by which theory of business ethics?

Correct Answer
verified

The ________ for ethical behavior seeks consideration of what the world would be like if a decision is copied by everyone else.

Correct Answer
verified

What does a reference to the "social responsibility of business" mean? Should businesses consider community expectations, and why or why not?

Correct Answer
verified
The social responsibility of business co...
View Answer

Exam 2: Business Ethics

In some countries, businesses must pay bribes to receive supplies they need to stay in business.

Correct AnswerverifiedShow Answer

Ethical decision making has which of the following values?

Correct AnswerverifiedShow Answer

Consequentialism provides a rigid set of rules to follow regardless of the situation.

Correct AnswerverifiedShow Answer

If a business decides to act outside of the prevailing ethical norms of that community:

Correct AnswerverifiedA

Correct AnswerverifiedStudents should reference the ...View AnswerShow Answer

Economist Milton Friedman argued that the only social responsibility of business is:

Correct AnswerverifiedA

Correct AnswerverifiedStudent answers will likely vary based u...View AnswerShow Answer

What does the value of freedom mean?

Correct AnswerverifiedShow Answer

The idea that we should interact with other people in a manner consistent with the manner in which we would like them to interact with us is called the ________.

Correct AnswerverifiedShow Answer

Which statement is true concerning the relationship between ethical relativism and situational ethics?

Correct AnswerverifiedShow Answer

Business ethics is the application of ethics to the special problems and opportunities experienced by business people.

Correct AnswerverifiedShow Answer

The Economist published an interview of 500 top American business executives, who listed four factors they believe are essential for profits and corporate citizenship to function as partners. These four factors are:

Correct AnswerverifiedShow Answer

Business ethics and regular ethics are the exact same.

Correct AnswerverifiedFalse

Which of the following presents a problem when considering the theory of ethics known as absolutism?

Correct AnswerverifiedShow Answer

Ethical relativism is a theory of ethics that denies the existence of objective moral standards and teaches that individuals must evaluate actions on the basis of what they feel is best for themselves.

Correct AnswerverifiedShow Answer

(The) ________ maintains that the right course of action is the option most consistent with the building and maintaining of human relationships.

Correct AnswerverifiedShow Answer

What does the value of justice mean?

Correct AnswerverifiedShow Answer

If a company refuses to bribe a foreign official, even though bribery is necessary to do business in the foreign country, because the company believes bribery is always wrong regardless of consequences, the company is motivated by which theory of business ethics?

Correct AnswerverifiedShow Answer

The ________ for ethical behavior seeks consideration of what the world would be like if a decision is copied by everyone else.

Correct AnswerverifiedShow Answer

What does a reference to the "social responsibility of business" mean? Should businesses consider community expectations, and why or why not?

Correct AnswerverifiedThe social responsibility of business co...View AnswerShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
A

Correct Answer
verified
Students should reference the ...
View Answer

Correct Answer
verified
A

Correct Answer
verified
Student answers will likely vary based u...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
False

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The social responsibility of business co...
View Answer