Question 1

Which of the following statements is true about ethical decision making in business?

Accepted Answer

A) Ethical decision making is limited to the type of major corporate decisions with social consequences. 
B) At some point, every worker will be faced with an issue that will require ethical decision making. 
C) All ethical decisions can be covered by economic, legal, or company rules and regulations. 
D) Ethical decision making should not rely on the personal values and principles of the individuals involved. 
A) Ethical decision making is limited to the type of major corporate decisions with social consequences. 
B) At some point, every worker will be faced with an issue that will require ethical decision making. 
C) All ethical decisions can be covered by economic, legal, or company rules and regulations. 
D) Ethical decision making should not rely on the personal values and principles of the individuals involved.

Question 2

Discuss the importance of precedents for most laws concerning business.

Accepted Answer

Most of the laws that concern business a

Question 3

_____ ethics asks us to simply step back from implicit everyday decisions to examine and evaluate them.

Accepted Answer

Philosophical
Explanation: Phi

Question 4

Define ethics. How is it different from social sciences such as psychology and sociology?

Accepted Answer

Ethics refers not only to an academic di

Question 5

According to ____, science is the great arbiter of truth.

Accepted Answer

theoretical reason
Explanation: Theoreti

Question 6

A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.

Accepted Answer

A) True 
 B)False

Question 7

Norms appeal to certain values that would be promoted or attained by acting in a certain way.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?

Accepted Answer

A) Risk aversion 
B) Risk benchmarking 
C) Risk assessment 
D) Risk minimization 
A) Risk aversion 
B) Risk benchmarking 
C) Risk assessment 
D) Risk minimization

Question 9

Practical reasoning is reasoning about:

Accepted Answer

A) what we should think. 
B) what we should do. 
C) what we should believe. 
D) what we should share. 
A) what we should think. 
B) what we should do. 
C) what we should believe. 
D) what we should share.

Question 10

The direct costs of unethical business practice are more visible today than they have ever been before.

Accepted Answer

A) True 
 B)False

Question 11

_____ is that aspect of ethics that is referred to by the phrase "personal integrity."

Accepted Answer

A) Values 
B) Morality 
C) Social ethics 
D) Norms 
A) Values 
B) Morality 
C) Social ethics 
D) Norms

Question 12

_____ reasoning is reasoning about what we should believe.

Accepted Answer

A) Practical 
B) Abstract 
C) Theoretical 
D) Descriptive 
A) Practical 
B) Abstract 
C) Theoretical 
D) Descriptive

Question 13

Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:

Accepted Answer

A) societies valuing freedom welcome laws that require more than the ethical minimum. 
B) ethical responsibilities give rise to more and more regulations. 
C) obedience to law is sufficient to fulfill one's ethical duties. 
D) one's ethical responsibility may run counter to the law. 
A) societies valuing freedom welcome laws that require more than the ethical minimum. 
B) ethical responsibilities give rise to more and more regulations. 
C) obedience to law is sufficient to fulfill one's ethical duties. 
D) one's ethical responsibility may run counter to the law.

Question 14

Explain the difficulties associated with telling businesses that its ethical responsibilities end with obedience to the law.

Accepted Answer

Telling business that its ethical respon

Question 15

Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?

Accepted Answer

A) Patterns 
B) Codes 
C) Sets 
D) Values 
A) Patterns 
B) Codes 
C) Sets 
D) Values

Question 16

Norms:

Accepted Answer

A) are the underlying beliefs that cause people to act or to decide one way rather than another. 
B) are standards of appropriate and proper behavior. 
C) are referred to by the phrase "personal integrity." 
D) do not presuppose any underlying values. 
A) are the underlying beliefs that cause people to act or to decide one way rather than another. 
B) are standards of appropriate and proper behavior. 
C) are referred to by the phrase "personal integrity." 
D) do not presuppose any underlying values.

Question 17

Which of the following observations is true of ethics?

Accepted Answer

A) It is descriptive in nature. 
B) It deals with our reasoning about how we should act. 
C) It provides an account of how and why people act the way they do. 
D) It is equivalent to law-abiding behavior. 
A) It is descriptive in nature. 
B) It deals with our reasoning about how we should act. 
C) It provides an account of how and why people act the way they do. 
D) It is equivalent to law-abiding behavior.

Question 18

Which of the following are beliefs and principles that provide the ultimate guide to a company's decision making?

Accepted Answer

A) Mission statement 
B) Core values 
C) Historical milestones 
D) Vision statement 
A) Mission statement 
B) Core values 
C) Historical milestones 
D) Vision statement

Question 19

_____ establish the guidelines or standards for determining what one should do, how one should act, what type of person one should be.

Accepted Answer

A) Roles 
B) Attitudes 
C) Norms 
D) Laws 
A) Roles 
B) Attitudes 
C) Norms 
D) Laws

Question 20

The _____ discipline provides an account of how and why people do act the way they do.

Accepted Answer

A) descriptive 
B) supererogatory 
C) normative 
D) stipulative 
A) descriptive 
B) supererogatory 
C) normative 
D) stipulative

Which of the following statements is true about ethical decision making in business?

Discuss the importance of precedents for most laws concerning business.

_____ ethics asks us to simply step back from implicit everyday decisions to examine and evaluate them.

Define ethics. How is it different from social sciences such as psychology and sociology?

According to ____, science is the great arbiter of truth.

A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.

Norms appeal to certain values that would be promoted or attained by acting in a certain way.

Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?

Practical reasoning is reasoning about:

The direct costs of unethical business practice are more visible today than they have ever been before.

_____ is that aspect of ethics that is referred to by the phrase "personal integrity."

_____ reasoning is reasoning about what we should believe.

Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:

Explain the difficulties associated with telling businesses that its ethical responsibilities end with obedience to the law.

Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?

Norms:

Which of the following observations is true of ethics?

Which of the following are beliefs and principles that provide the ultimate guide to a company's decision making?

_____ establish the guidelines or standards for determining what one should do, how one should act, what type of person one should be.

The _____ discipline provides an account of how and why people do act the way they do.

Ethical Decision Making: Personal and Professional Contexts

Philosophical Ethics and Business

The Corporate Culture-Impact and Implications

Corporate Social Responsibility

Ethical Decision Making: Employer Responsibilities and Employee Rights

Ethical Decision Making: Technology and Privacy in the Workplace

Ethics and Marketing

Business and Environmental Sustainability

Ethical Decision Making: Corporate Governance, Accounting, and Finance

Filters

Exam 1: Ethics and Business

Which of the following statements is true about ethical decision making in business?

Discuss the importance of precedents for most laws concerning business.

_____ ethics asks us to simply step back from implicit everyday decisions to examine and evaluate them.

Define ethics. How is it different from social sciences such as psychology and sociology?

According to ____, science is the great arbiter of truth.

A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.

Norms appeal to certain values that would be promoted or attained by acting in a certain way.

Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?

Practical reasoning is reasoning about:

The direct costs of unethical business practice are more visible today than they have ever been before.

_____ is that aspect of ethics that is referred to by the phrase "personal integrity."

_____ reasoning is reasoning about what we should believe.

Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:

Explain the difficulties associated with telling businesses that its ethical responsibilities end with obedience to the law.

Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?

Norms:

Which of the following observations is true of ethics?

Which of the following are beliefs and principles that provide the ultimate guide to a company's decision making?

_____ establish the guidelines or standards for determining what one should do, how one should act, what type of person one should be.

The _____ discipline provides an account of how and why people do act the way they do.

Ethical Decision Making: Personal and Professional Contexts

Philosophical Ethics and Business

The Corporate Culture-Impact and Implications

Corporate Social Responsibility

Ethical Decision Making: Employer Responsibilities and Employee Rights

Ethical Decision Making: Technology and Privacy in the Workplace

Ethics and Marketing

Business and Environmental Sustainability

Ethical Decision Making: Corporate Governance, Accounting, and Finance

Filters