Question 1

The invisible hand school and the inherence school:

Accepted Answer

A) both serve society primarily. 
B) both refuse involvement in social issues. 
C) are proactive in legislation for social issues. 
D) believe long-term success comes from social responsibility. 
A) both serve society primarily. 
B) both refuse involvement in social issues. 
C) are proactive in legislation for social issues. 
D) believe long-term success comes from social responsibility.

Question 2

The inherence school is one that follows the standard of society's interest coming first.

Accepted Answer

A) True 
 B)False

Question 3

A lack of business ethics can result in a lack of business goodwill.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is $\underline{\text{not}}$ always a result of unethical behavior?

Accepted Answer

A) loss of trust 
B) loss of goodwill 
C) loss of profits 
D) strained relations with regulators 
A) loss of trust 
B) loss of goodwill 
C) loss of profits 
D) strained relations with regulators

Question 5

​The phrase "walk the talk" means:

Accepted Answer

A) ​the required language in a company's code of ethics under Dodd-Frank. 
B) ​that management lives the ethical standards established in the code of ethics. 
C) that the government will enforce the law against companies that do not have an ethics officer. 
D) that auditors must certify the ethics program of a company before it is valid. 
A) ​the required language in a company's code of ethics under Dodd-Frank. 
B) ​that management lives the ethical standards established in the code of ethics. 
C) that the government will enforce the law against companies that do not have an ethics officer. 
D) that auditors must certify the ethics program of a company before it is valid.

Question 6

Trust is not critical to investment or economic success.

Accepted Answer

A) True 
 B)False

Question 7

The statement,"What's good for GM is good for the country," is an example of the thoughts of a manager from the:

Accepted Answer

A) inherence school. 
B) enlightened self-interest school. 
C) social responsibility school. 
D) invisible hand school. 
A) inherence school. 
B) enlightened self-interest school. 
C) social responsibility school. 
D) invisible hand school.

Question 8

​Downloading copyrighted music without paying for it would fall into which category of ethical dilemmas?

Accepted Answer

A) ​there is no category because it is sharing 
B) ​taking things that do not belong to you 
C) organizational abuse 
D) "front page of the newspaper test" 
A) ​there is no category because it is sharing 
B) ​taking things that do not belong to you 
C) organizational abuse 
D) "front page of the newspaper test"

Question 9

Which of the following is $\underline{\text{not}}$  an indication of a company environment ripe for unethical behavior?

Accepted Answer

A) intense competition threatening survival 
B) employees with few or no personal values 
C) employees who are independent 
D) compensation incentive system tied only to sales 
A) intense competition threatening survival 
B) employees with few or no personal values 
C) employees who are independent 
D) compensation incentive system tied only to sales

Question 10

Training employees in ethics is a factor that reduces a company's sentence under the federal sentencing guidelines.

Accepted Answer

A) True 
 B)False

Question 11

"If you think what we're doing now is bad,you should have seen 10 years ago at this company..." is an example of:

Accepted Answer

A) ethical analysis. 
B) rationalization. 
C) comparative or relative ethics. 
D) both a and c 
A) ethical analysis. 
B) rationalization. 
C) comparative or relative ethics. 
D) both a and c

Question 12

Ethics consists of the unwritten rules we apply in both business and personal lives.

Accepted Answer

A) True 
 B)False

Question 13

The breakfast cereal aisle of the grocery store is a delightful place with boxes decorated with Barbie,Ninja Turtles,and Batman.The boxes are filled with toys,special offers,and plenty of sugar in the cereal.Several parent groups are concerned about the marketing techniques,the sugar levels,and the diet of American children.One group proposed regulation on the location of the boxes in the aisles (they should be placed in a way that eliminates the snazzy boxes from the child's view).Discuss the ethics of the cereal manufacturers in their marketing approaches.What action would a firm in the social responsibility school take?

Accepted Answer

Nothing illegal is being done,but the fi

Question 14

Personal choices and lifestyles have no impact on one's business ethics.

Accepted Answer

A) True 
 B)False

Question 15

Invisible hand managers do not become involved in social issues.

Accepted Answer

A) True 
 B)False

Question 16

Enron Corporation filed for bankruptcy following a number of revelations about its accounting procedures.Enron used a complex structure of corporations and off-the-books debt to mask its true financial picture from the markets.When asked about the propriety of Enron's reporting methods,many analysts have responded,"They simply did what most corporations do." Their comments:

Accepted Answer

A) reflect analysis under the Nash model. 
B) reflect analysis under the Blanchard/Peale model. 
C) reflect rationalization. 
D) reflect Wall Street Journal analysis. 
E) none of the above 
A) reflect analysis under the Nash model. 
B) reflect analysis under the Blanchard/Peale model. 
C) reflect rationalization. 
D) reflect Wall Street Journal analysis. 
E) none of the above

Question 17

Which of the following is not important for capitalism to function?

Accepted Answer

A) consumer confidence 
B) absence of corruption 
C) grease payments 
D) risk takers comfortable with trustworthiness of government officials 
E) All of the above are necessary for capitalism. 
A) consumer confidence 
B) absence of corruption 
C) grease payments 
D) risk takers comfortable with trustworthiness of government officials 
E) All of the above are necessary for capitalism.

Question 18

Business ethics provides a guarantee of profitability.

Accepted Answer

A) True 
 B)False

Question 19

In the Parable of the Sadhu,the hikers' climb is successful.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following models for ethical analysis includes the following question: Could you share what you are about to do with your boss,friends,family?

Accepted Answer

A) Blanchard/Peale 
B) Laura Nash 
C) Milton Friedman 
D) both a and b 
A) Blanchard/Peale 
B) Laura Nash 
C) Milton Friedman 
D) both a and b

The invisible hand school and the inherence school:

The inherence school is one that follows the standard of society's interest coming first.

A lack of business ethics can result in a lack of business goodwill.

Which of the following is $\underline{\text{not}}$ always a result of unethical behavior?

The phrase "walk the talk" means:

Trust is not critical to investment or economic success.

The statement,"What's good for GM is good for the country," is an example of the thoughts of a manager from the:

Downloading copyrighted music without paying for it would fall into which category of ethical dilemmas?

Which of the following is $\underline{\text{not}}$ an indication of a company environment ripe for unethical behavior?

Training employees in ethics is a factor that reduces a company's sentence under the federal sentencing guidelines.

"If you think what we're doing now is bad,you should have seen 10 years ago at this company..." is an example of:

Ethics consists of the unwritten rules we apply in both business and personal lives.

Personal choices and lifestyles have no impact on one's business ethics.

Invisible hand managers do not become involved in social issues.

Which of the following is not important for capitalism to function?

Business ethics provides a guarantee of profitability.

In the Parable of the Sadhu,the hikers' climb is successful.

Which of the following models for ethical analysis includes the following question: Could you share what you are about to do with your boss,friends,family?

Introduction to Law

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

Filters

Exam 2: Business Ethics and Social Responsibility

The invisible hand school and the inherence school:

The inherence school is one that follows the standard of society's interest coming first.

A lack of business ethics can result in a lack of business goodwill.

Which of the following is not‾\underline{\text{not}}not​ always a result of unethical behavior?

​The phrase "walk the talk" means:

Trust is not critical to investment or economic success.

The statement,"What's good for GM is good for the country," is an example of the thoughts of a manager from the:

​Downloading copyrighted music without paying for it would fall into which category of ethical dilemmas?

Which of the following is not‾\underline{\text{not}}not​ an indication of a company environment ripe for unethical behavior?

Training employees in ethics is a factor that reduces a company's sentence under the federal sentencing guidelines.

"If you think what we're doing now is bad,you should have seen 10 years ago at this company..." is an example of:

Ethics consists of the unwritten rules we apply in both business and personal lives.

Personal choices and lifestyles have no impact on one's business ethics.

Invisible hand managers do not become involved in social issues.

Which of the following is not important for capitalism to function?

Business ethics provides a guarantee of profitability.

In the Parable of the Sadhu,the hikers' climb is successful.

Which of the following models for ethical analysis includes the following question: Could you share what you are about to do with your boss,friends,family?

Introduction to Law

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Contracts and Sales: Performance,Remedies,and Collection

Product Advertising and Liability

Business Competition: Antitrust

Business and Intellectual Property Law

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management of Employee Welfare

Management: Employment Discrimination

Filters

Which of the following is $\underline{\text{not}}$ always a result of unethical behavior?

The phrase "walk the talk" means:

Downloading copyrighted music without paying for it would fall into which category of ethical dilemmas?

Which of the following is $\underline{\text{not}}$ an indication of a company environment ripe for unethical behavior?