Question 1

Adherents of ________ believe that when one individual-the caregiver-meets the needs of one other person-the cared-for party-the caregiver is helping to meet the needs of all the individuals who fall within the cared-for party's web of care.

Accepted Answer

A)  Deontology
B)  Utilitarianism
C)  Ethics of care
D)  Virtue ethics
E)  AbsolutismF) A) and B)
G) B) and D)

Question 2

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 maximize the amount of wealth in society
C)  To possess the capacity or resources to act as one wishes
D)  To treat all humans identically,regardless of race,class,gender,age and sexual preference.
E)  To possess anything that someone is willing to grant you.F) All of the above
G) A) and E)

Question 3

A company wants to open a branch in a foreign country but discovers it would have to bribe government officials to get a permit to obtain the materials necessary to build its headquarters.Which of the following is an example of an ethical response?

Accepted Answer

A)  Paying the bribe because the company's first obligation is to its shareholders.
B)  Not paying the bribe and convincing a local company to illegally sell materials to them,since demanding bribes is unethical behavior.
C)  Paying the bribe because it is customary in the country where the business is to be constructed.
D)  Paying the bribe because the company only has to comply with the community standards in the community where it will be operating.
E)  Not paying the bribe and bringing in outside materials from a foreign country to complete the construction.F) A) and E)
G) C) and E)

Question 4

Which of the following is true regarding activities of the Public Company Accounting Oversight Board?

Accepted Answer

A)  The Board requires that companies devise a system that allows employees to report suspicions of unethical behavior,but it does not address financial reports prepared by auditors and public accounting firms.
B)  The Board requires that the universalization test be used as the primary ethical guideline and also mandates protection for whistle-blowers who report suspicious activity involving financial reports.
C)  The Public Company Accounting Oversight Board was abolished during the Obama administration and no longer exists.
D)  The Board ensures that auditors and public accounting firms compile accurate and truthful financial reports for the companies they audit,but it has no responsibility in regard to whistle-blowing protection.
E)  The Board ensures that auditors and public accounting firms compile accurate and truthful financial reports for the companies they audit and also requires that companies devise a system that allows employees to report suspicions of unethical behavior.F) A) and D)
G) A) and E)

Question 5

Under the WPH framework for ethical business decisions,business decisions are made in pursuit of a particular purpose and are instruments toward an ethical end.

Accepted Answer

A) True 
 B)False

Question 6

The ethical system in which the development of virtues,or positive character traits such as courage,justice,and truthfulness,is the basis for morality is called ________.

Accepted Answer

A)  Virtual analysis
B)  Categorical imperative
C)  Absolutism decision
D)  Virtue ethics
E)  Fundamentalist approachF) A) and E)
G) B) and C)

Question 7

A manager may think it is wrong to terminate a person whose spouse has a terminal illness because a company has an absolute obligation to support its employees when they are vulnerable.With which ethical theory is the business manager acting consistently?

Accepted Answer

A)  Rule utilitarianism
B)  Deontology
C)  Ethical fundamentalism
D)  Act utilitarianism
E)  Ethical relativismF) C) and D)
G) A) and B)

Question 8

Which statement is true regarding the Act and Olivia's firing?

Accepted Answer

A)  The act provides protection for whistle-blowers only if it can be shown that a significant amount of money,in excess of $5,000,was involved in the incident involved.
B)  The act provides protection for whistle-blowers only if it can be shown that a significant amount of money,in excess of $10,000,was involved in the incident involved.
C)  The act provides protection for whistle-blowers who work for an accounting firm,but not for any other employees.
D)  Olivia's whistle-blowing would be protected under the Act,and her firing was illegal.
E)  The Act does not provide protection for whistle-blowers such as Olivia.F) All of the above
G) C) and D)

Question 9

Which of the following is true about how ethical conceptions shape business law and business relationships in different countries?

Accepted Answer

A)  Different ethical understandings prevail in different countries,so ethical conceptions shape business law and business relationships uniquely in each country.
B)  Business law should be the same in all countries because protecting the rights of shareholders is always the ethically proper course of action.
C)  Different ethical understandings exist in different countries,but fairness is the highest ethical standard so countries must create uniform laws.
D)  Ethics does not shape business law or business relationships because law and ethics are separate and not interrelated.
E)  Business law and business relationships should be the same in all countries because ethics provides one correct answer to all questions.F) All of the above
G) A) and E)

Question 10

Ethical fundamentalism is also referred to as .

Accepted Answer

A)  Absolutism
B)  Social responsibility
C)  Ethical relativism
D)  Ethical absolutism
E)  Absolute theoryF) D) and E)
G) C) and D)

Question 11

A company is struggling to make a decision but the manager finds there is no clear right decision available.This is an example of

Accepted Answer

A)  A no-win situation
B)  An ethical dilemma
C)  A consequential dilemma
D)  A win-win situation
E)  A legal dilemmaF) None of the above
G) D) and E)

Question 12

The "public disclosure" test for ethical behavior is sometimes referred to as the test.

Accepted Answer

A)  Self-conscious
B)  Television
C)  Primary
D)  Powell
E)  GoldenF) C) and D)
G) B) and E)

Question 13

The only social responsibility that businesses have is to focus on how business decisions affect company operations.

Accepted Answer

A) True 
 B)False

Question 14

Sana's idea is best referred to as ________.

Accepted Answer

A)  The Sarbanes-Oxley Rule
B)  The Greenhouse Rule
C)  The Golden Rule
D)  The Help Peers Test
E)  The Disclosure PrincipleF) B) and D)
G) A) and D)

Question 15

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...

Question 16

Does the Sarbanes-Oxley Act create a board of oversight;and,if so,what is it called?

Accepted Answer

A)  Yes,a board called the Public Company Accounting Oversight Board was created by the Act.
B)  Yes,a board called the CPA Oversight Commission was created by the Act.
C)  Chris is correct.No oversight board was created by the Act.
D)  Yes,a board called the Federal Accountability Commission was created by the Act.
E)  Yes,a board called the Public Accountability Commission was created by the Act.F) B) and C)
G) C) and D)

Question 17

Kantian ethics is associated with which of the following ethical theories?

Accepted Answer

A)  Rule utilitarianism
B)  Deontology
C)  Absolutism
D)  Situational ethics
E)  Act utilitarianismF) B) and E)
G) A) and B)

Question 18

The terms shareholder and stakeholder have the same meaning.

Accepted Answer

A) True 
 B)False

Question 19

Ethical relativism and situational ethics mean the same thing.

Accepted Answer

A) True 
 B)False

Question 20

The ethical theory that requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma is called ________.

Accepted Answer

A)  Ethical relativism
B)  Relativity ethics
C)  Absolutism
D)  Situational ethics
E)  ConsequentialismF) A) and E)
G) A) and D)

Exam 2: Business Ethics

Which of the following is true about how ethical conceptions shape business law and business relationships in different countries?

Correct AnswerverifiedShow Answer

Adherents of ________ believe that when one individual-the caregiver-meets the needs of one other person-the cared-for party-the caregiver is helping to meet the needs of all the individuals who fall within the cared-for party's web of care.

Correct AnswerverifiedShow Answer

What does the value of freedom mean?

Correct AnswerverifiedShow Answer

The only social responsibility that businesses have is to focus on how business decisions affect company operations.

Correct AnswerverifiedShow Answer

The terms shareholder and stakeholder have the same meaning.

Correct AnswerverifiedShow Answer

Does the Sarbanes-Oxley Act create a board of oversight;and,if so,what is it called?

Correct AnswerverifiedShow Answer

A company is struggling to make a decision but the manager finds there is no clear right decision available.This is an example of

Correct AnswerverifiedShow Answer

Which statement is true regarding the Act and Olivia's firing?

Correct AnswerverifiedShow Answer

Kantian ethics is associated with which of the following ethical theories?

Correct AnswerverifiedShow Answer

Under the WPH framework for ethical business decisions,business decisions are made in pursuit of a particular purpose and are instruments toward an ethical end.

Correct AnswerverifiedShow Answer

Ethical fundamentalism is also referred to as .

Correct AnswerverifiedShow Answer

The ethical system in which the development of virtues,or positive character traits such as courage,justice,and truthfulness,is the basis for morality is called ________.

Correct AnswerverifiedShow Answer

Which of the following is true regarding activities of the Public Company Accounting Oversight Board?

Correct AnswerverifiedShow Answer

A manager may think it is wrong to terminate a person whose spouse has a terminal illness because a company has an absolute obligation to support its employees when they are vulnerable.With which ethical theory is the business manager acting consistently?

Correct AnswerverifiedShow Answer

Ethical relativism and situational ethics mean the same thing.

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

A company wants to open a branch in a foreign country but discovers it would have to bribe government officials to get a permit to obtain the materials necessary to build its headquarters.Which of the following is an example of an ethical response?

Correct AnswerverifiedShow Answer

The ethical theory that requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma is called ________.

Correct AnswerverifiedShow Answer

The "public disclosure" test for ethical behavior is sometimes referred to as the test.

Correct AnswerverifiedShow Answer

Sana's idea is best referred to as ________.

Correct AnswerverifiedShow Answer

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The social responsibility of business co...
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