Exam 4: Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

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Carol,a senior manager at Bizlaw Inc. ,encourages Rob,her junior manager,to bill Bizlaw's clients for his commute time,and identify it as "meet and confer with senior manager." Carol explains that she will then adjust her own billing sheet to match this entry.Carol tells Rob that all other Bizlaw junior and senior managers engage in this practice and that clients have never questioned such entries.Rob is not sure whether this would be an ethical action.What should Rob do?

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Question 1

Correct Answer:

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First,Rob needs to recognize that Carol is making an unethical request because she is essentially asking Rob to lie to clients so that Bizlaw may collect additional fees.Rob could then "buy time" to find more facts and understand the impact on Bizlaw's stakeholders created by such a practice by telling Carol he is working on his billing statements.He could then solicit information and mentorship from another senior manager,to determine if such a practice is widely accepted at Bizlaw,and if so,what affect it has had on its stakeholders.Rob could also consider "win-win solutions." Perhaps he could arrange to have actual meetings with Carol each morning,to provide her with the billable hours she seeks while adding value to the service provided to Bizlaw clients.Forming a mentor or peer group could also help Rob to stop this billing practice,perhaps through Bizlaw's ethics committee or officer.If the practice prevails at Bizlaw,then Rob must consider whether this requested act ion will compromise values he holds important,and if so,whether his job at Bizlaw is worth it.

Knowing ________ will help a decision maker find the facts he needs.

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Question 2

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Which of the following is a characteristic of profit maximization?

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Question 3

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Because some employees will view whistleblowing as an act of disloyalty,management should recharacterize whistleblowing as necessary to the protection of the firm's:

(Multiple Choice)

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Question 4

Which of the following fallacies results from the mistaken belief that independent prior outcomes affect future outcomes?

(Multiple Choice)

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Question 5

"The ends justify the means." This statement reflects the utilitarian ethical theory.

(True/False)

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Question 6

"What would happen if everyone acted in this way?" is a question that Kant would ask.

(True/False)

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Question 7

"Begging the question" is also known as the slippery slope fallacy.

(True/False)

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Question 8

Which of the following ethical theories judges our actions as good or bad depending on their consequences and is expressed as "the ends justify the means"?

(Multiple Choice)

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Question 9

Profit maximization results in ethical conduct because:

(Multiple Choice)

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Question 10

A ________ is when a person compares two situations that are not sufficiently similar to be a valid comparison.

(Multiple Choice)

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Question 11

________ theory emphasizes that one should use the categorical imperative and judge an action by applying it universally.

(Multiple Choice)

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Question 12

Recently,retailers were criticized for opening their retail stores on Thanksgiving Day.Those against the openings felt that workers should spend the day with their families.However,the same critics continued to consume sports programming and utilities provided by those working on Thanksgiving Day.Which of the following fallacies is not in this example?

(Multiple Choice)

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Question 13

The reduced sales of Martha Stewart branded goods at K-Mart after she was accused of insider trading is an example of the strength of the profit maximization theory.

(True/False)

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Question 14

________ infer(s)that because something has been done a certain way in the past,it should be done the same way in the future.

(Multiple Choice)

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Question 15

Guilt by association is a form of:

(Multiple Choice)

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Question 16

What is confirmation bias and how can it be detrimental? How can it be avoided?

(Essay)

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Question 17

Bill,a senior manager at Bizlaw Inc. ,instructs Kim,a mid-level manager,to make false statements on the performance evaluation of Gloria,one of Kim's employees,who recently filed a discrimination claim against Bill.Bill tells Kim,"Look around you.Every manager makes up stories about employees Bizlaw wants to get rid of." Bill's argument illustrates:

(Multiple Choice)

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Question 18

Trisha has been given the responsibility of making an important decision for her firm.Which of the following actions strengthens the argument that Trisha is a justice theorist?

(Multiple Choice)

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Question 19

Debra asks Alex,her stock broker,if she can trust his advice to purchase the stocks for Acme Co.Alex replies,"Of course you can." Debra asks,"Why should I trust you?" Alex says,with a smile,"Because I am a trustworthy person." Alex is engaging in:

(Multiple Choice)

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Question 20

Showing 1 - 20 of 90

Exam 4: Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking

Knowing ________ will help a decision maker find the facts he needs.

Which of the following is a characteristic of profit maximization?

Because some employees will view whistleblowing as an act of disloyalty,management should recharacterize whistleblowing as necessary to the protection of the firm's:

Which of the following fallacies results from the mistaken belief that independent prior outcomes affect future outcomes?

"The ends justify the means." This statement reflects the utilitarian ethical theory.

"What would happen if everyone acted in this way?" is a question that Kant would ask.

"Begging the question" is also known as the slippery slope fallacy.

Which of the following ethical theories judges our actions as good or bad depending on their consequences and is expressed as "the ends justify the means"?

Profit maximization results in ethical conduct because:

A ________ is when a person compares two situations that are not sufficiently similar to be a valid comparison.

________ theory emphasizes that one should use the categorical imperative and judge an action by applying it universally.

The reduced sales of Martha Stewart branded goods at K-Mart after she was accused of insider trading is an example of the strength of the profit maximization theory.

________ infer(s)that because something has been done a certain way in the past,it should be done the same way in the future.

Guilt by association is a form of:

What is confirmation bias and how can it be detrimental? How can it be avoided?

Trisha has been given the responsibility of making an important decision for her firm.Which of the following actions strengthens the argument that Trisha is a justice theorist?

Debra asks Alex,her stock broker,if she can trust his advice to purchase the stocks for Acme Co.Alex replies,"Of course you can." Debra asks,"Why should I trust you?" Alex says,with a smile,"Because I am a trustworthy person." Alex is engaging in:

The Nature of Law

The Resolution of Private Disputes

Business and the Constitution

Criminal Law and Procedure

Intentional Torts

Negligence and Strict Liability

Intellectual Property and Unfair Competition

Introduction to Contracts

The Agreement: Offer

The Agreement: Acceptance

Consideration

Reality of Consent

Capacity to Contract

Illegality

Writing

Rights of Third Parties

Performance and Remedies

Formation and Terms of Sales Contracts

Product Liability

Performance of Sales Contracts

Remedies for Breach of Sales Contracts

Personal Property and Bailments

Real Property

Landlord and Tenant

Estates and Trusts

Insurance Law

Introduction to Credit and Secured Transactions

Security Interests in Personal Property

Bankruptcy

Negotiable Instruments

Negotiation and Holder in Due Course

Liability of Parties

Checks and Electronic Transfers

The Agency Relationship

Third-Party Relations of the Principal and the Agent

Introduction to Forms of Business and Formation of Partnerships

Operation of Partnerships and Related Forms

Partners Dissociation and Partnerships Dissolution and Winding up

Limited Liability Companies, limited Partnerships, and Limited Liability Limited Partnerships

History and Nature of Corporations

Organization and Financial Structure of Corporations

Management of Corporations

Shareholders Rights and Liabilities

Securities Regulation

Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals

Administrative Law

The Federal Trade Commission Act and Consumer Protection Laws

Antitrust: the Sherman Act

The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities

Employment Law

Environmental Regulation

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