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Exam 2: Business Ethics

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Question 41

True/False

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

A) True
B) False

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Question 42

Multiple Choice

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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?

A) Absolutism
B) Consequentialism
C) Profit motive
D) Deontology
E) Ethical relativism

F) A) and E)
G) B) and D)

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Question 43

Multiple Choice

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Which of the following is true regarding revelations involving Enron and WorldCom?

Positive abstractions that capture our sense of what is good or desirable are called ________.

[Fast Food Dilemma] Aiden,who just started at his new job as an assistant manager at a fast-food restaurant,wants to make a good impression.He thinks that things are going well.On only the second day on the job,however,he sees his manager,Debbie,slink out of the restaurant with a big box of hamburgers.She puts them in her car and speeds away.Aiden is fairly certain that Debbie did not pay for the hamburgers.Aiden asks advice of his best friend,Kyle;his girlfriend,Mia;his sister,Katie;and his dad,Joe.Kyle says that there are no real objective standards and that Aiden should just decide to do what is best for himself.Mia says that Aiden should think about the consequences and focus on the greatest benefit to all involved.She believes that it will do no real harm for Aiden to keep his mouth shut because the fast-food restaurant is making plenty of money and probably does not pay Debbie enough anyway.Plus,getting in trouble with Debbie could cause problems at work,and if Aiden loses his job,Aiden and Mia might have to put off their impending marriage.Katie says that on balance,following the rule of producing the greatest good would mean that he should report Debbie to her boss because stealing does not generally produce the greatest satisfaction.Aiden's dad says that as a matter of principle,Aiden should report Debbie to her boss because stealing is simply wrong. -Which theory most accurately fits the advice given by Kyle?

An employee who believes that she should not cheat on a drug test because if everyone did so,the test would be meaningless is applying a[n] ________.

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:

Which theory most accurately fits the advice given by Mia?

The basis of consequentialism is ________.

One form of consequentialism is utilitarianism.

Business ethics results in a set of correct decisions.

Which of these would be a stakeholder in the above company?

Ethical issues do not exist in accounting because the field involves primarily objective data.

[Environmental Concerns] Sana,the president of a company that makes paper,has an interest in the environment.She recently went to a seminar on environmental dangers and has decided to take steps to clean things up.She started at home and has now felt compelled to change things at work.Sana had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river.Her company has never been cited because it employs a very large number of people in the community,including the mayor's husband and the chief-of-police's brother.On her mission to clean things up,Sana has decided to go even further than the law requires and implement the very latest environmental protections.When she announced her plan,the chair of the company's board of directors,Jessica,had a meeting with Sana.Jessica told Sana to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees.Furthermore,Jessica told Sana that installing all the new equipment would result in higher prices for the company's paper product and could bankrupt the company because of foreign competition.Jessica hinted that Sana could be fired if she persisted.Jessica suggested that Sana should just be concerned with a minimal standard of ethics.Sana decides to go forward with her plan to clean things up under the theory that she wants to treat others in the same manner that she wants to be treated.Under Sana's theory,if she did not understand the importance of the environmental improvements,she would want them to be thrust upon her. -Which statement is true regarding meeting the minimal standard of business ethics suggested by Jessica?

Safa is the president of a company that makes small parts for the automotive industry.Customers are primarily auto manufacturers.Safa's cousin,Farid,works at the company as a sales representative.A promotion to the sales manager position is open.Farid has applied and so has Lisa,another sales representative.While both Farid and Lisa are good employees,they are skilled in different areas.Lisa is great with technology and with placing orders.She does an excellent job in following through with ordering problems.Farid,on the other hand,is better with customer relations,and customers seem to like him better.Safa would like to promote Farid,but she has two concerns.Her first concern is she does not want it to be perceived that she is being unfair because Farid is family.Her second concern is she suspects that some customers are prejudiced against Lisa because she is female.Most customers are male,and Safa suspects that they may give Farid more consideration than Lisa.Define and discuss the WPH framework for business ethics,and within that framework propose a solution.Be sure to fully address the populations,purposes,and guidelines included within "W," "P," and "H."

Assume you are starting a new company.Write a code of ethics for the firm.

In the Case Opener,a defendant sought to dismiss a plaintiff's case against Accutane arising from allegations that Accutane caused ulcerative colitis and irritable bowel syndrome.Which of the following court rulings was the result of the defendant's motion to dismiss based on statute of limitation grounds?

What do the letters "WPH" mean in reference to the "WPH Framework for Business Ethics" discussed in the text?

Legal rules governing contract laws have been shaped in large part by our sense of commercial ethics.

Which of the following is the study and practice of decisions about what is good,or right?