Question 1

Federal law reduces criminal penalties for companies that take steps to control their ethical conduct.

Accepted Answer

A) True 
 B)False  True

Question 2

There is no way to create enough rules to cover all possible ethically significant situations, even if they could be identified in advance.

Accepted Answer

A) True 
 B)False  True

Question 3

A business that does not act ethically severs itself from society, from the good, and ultimately from its own source of support.

Accepted Answer

A) True 
 B)False  True

Question 4

The dominant form of consequentialism is:

Accepted Answer

A)  utilitarianism. 
B)  social contract theory. 
C)  the categorical imperative. 
D)  the Protestant ethic. 
E)  Marxism. 
A)  utilitarianism. 
B)  social contract theory. 
C)  the categorical imperative. 
D)  the Protestant ethic. 
E)  Marxism.

Question 5

Do you think it is practical to live by the categorical imperative in a corporate world? What problems could arise by applying this philosophy in a business perspective?

Accepted Answer

Kant believed that you have a moral duty

Question 6

Diverse societies are characterized as societies that have a single, unified system of ethical values that guide behavior.

Accepted Answer

A) True 
 B)False

Question 7

Who, among the following, does not have a duty of confidentiality?

Accepted Answer

A)  An attorney 
B)  A real estate broker 
C)  A physician 
D)  A mechanic 
E)  A certified public accountant 
A)  An attorney 
B)  A real estate broker 
C)  A physician 
D)  A mechanic 
E)  A certified public accountant

Question 8

Ultimately, the commitment to ethical values is superior to mere observance of the law in ensuring responsible business behavior.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is NOT an ethical rule of legal regulation?

Accepted Answer

A)  Respect for the liberty and rights of others 
B)  Exercising due care 
C)  You are your brother's keeper 
D)  Acting in good faith 
E)  Avoiding conflicts of interest 
A)  Respect for the liberty and rights of others 
B)  Exercising due care 
C)  You are your brother's keeper 
D)  Acting in good faith 
E)  Avoiding conflicts of interest

Question 10

Who developed the theory of the categorical imperative?

Accepted Answer

A)  Socrates 
B)  Plato 
C)  John Rawls 
D)  Immanuel Kant 
E)  Charles Darwin 
A)  Socrates 
B)  Plato 
C)  John Rawls 
D)  Immanuel Kant 
E)  Charles Darwin

Question 11

Those who argue that a system of property ownership is ethically moral do so by appealing to strict formalism, arguing that the morality of property rights should be determined on an individual basis.

Accepted Answer

A) True 
 B)False

Question 12

Who developed the social contract theory?

Accepted Answer

A)  John Rawls 
B)  Immanuel Kant 
C)  John Locke 
D)  Jack Sheppard 
E)  Plato 
A)  John Rawls 
B)  Immanuel Kant 
C)  John Locke 
D)  Jack Sheppard 
E)  Plato

Question 13

Federal law and business leaders alike favor _____ as a means of governing private business ethics.

Accepted Answer

A)  creating uniform statutes of business ethics 
B)  self-regulation by companies 
C)  giving the federal government exclusive jurisdiction regarding ethics and ethics violation enforcement 
D)  establishment of federal regulators in all private companies to establish and enforce ethical standards 
E)  case-by-case determinations of what constitutes a breach of business ethics 
A)  creating uniform statutes of business ethics 
B)  self-regulation by companies 
C)  giving the federal government exclusive jurisdiction regarding ethics and ethics violation enforcement 
D)  establishment of federal regulators in all private companies to establish and enforce ethical standards 
E)  case-by-case determinations of what constitutes a breach of business ethics

Question 14

Business ethics reflects elements of:

Accepted Answer

A)  formalism only. 
B)  consequentialism only. 
C)  both fundamentalism and consequentialism with a focus on formalism. 
D)  both fundamentalism and consequentialism with a focus on consequentialism. 
E)  neither formalism nor consequentialism. 
A)  formalism only. 
B)  consequentialism only. 
C)  both fundamentalism and consequentialism with a focus on formalism. 
D)  both fundamentalism and consequentialism with a focus on consequentialism. 
E)  neither formalism nor consequentialism.

Question 15

Placing himself behind a wall of self-ignorance, Rawls proposed what ethical principles?

Accepted Answer

Rawls states that 1) everyone is entitle

Question 16

Mike is driving 15 miles over the posted speed limit when he is pulled over by Tom, a local police officer. As Tom approaches the car, he hears Kathy in the front seat moaning in pain. Mike tells Tom that Kathy is in labor and that he is rushing to the hospital. Tom issues Mike a speeding ticket, nevertheless. Tom's ethical approach in this matter most closely matches:

Accepted Answer

A)  utilitarianism. 
B)  relativism. 
C)  the Protestant ethic 
D)  formalism. 
E)  hedonism. 
A)  utilitarianism. 
B)  relativism. 
C)  the Protestant ethic 
D)  formalism. 
E)  hedonism.

Question 17

What is meant by stakeholder theory and who are the stakeholders of a corporation?

Accepted Answer

Stakeholder theory holds that ethical co

Question 18

Because of the increased influence of the Internet and extensive coverage of business in the news media, it has become increasingly difficult for businesses to hide questionable behavior.

Accepted Answer

A) True 
 B)False

Question 19

The poor may benefit from a private property system more than the rich because private property systems promote _____.

Accepted Answer

A)  diversification of financial obligations. 
B)  protections of all citizens' resources. 
C)  accumulation of wealth. 
D)  unethical conduct. 
E)  gender equality. 
A)  diversification of financial obligations. 
B)  protections of all citizens' resources. 
C)  accumulation of wealth. 
D)  unethical conduct. 
E)  gender equality.

Question 20

The _____ emphasizes consistency and compels a person to act as he believes everyone should act.

Accepted Answer

A)  formalist theory 
B)  deontological imperative 
C)  categorical imperative 
D)  contractualist approach 
E)  relativistic approach 
A)  formalist theory 
B)  deontological imperative 
C)  categorical imperative 
D)  contractualist approach 
E)  relativistic approach

Exam 2: The Role of Ethics in Decision Making

Federal law reduces criminal penalties for companies that take steps to control their ethical conduct.

There is no way to create enough rules to cover all possible ethically significant situations, even if they could be identified in advance.

A business that does not act ethically severs itself from society, from the good, and ultimately from its own source of support.

The dominant form of consequentialism is:

Do you think it is practical to live by the categorical imperative in a corporate world? What problems could arise by applying this philosophy in a business perspective?

Diverse societies are characterized as societies that have a single, unified system of ethical values that guide behavior.

Who, among the following, does not have a duty of confidentiality?

Ultimately, the commitment to ethical values is superior to mere observance of the law in ensuring responsible business behavior.

Which of the following is NOT an ethical rule of legal regulation?

Who developed the theory of the categorical imperative?

Those who argue that a system of property ownership is ethically moral do so by appealing to strict formalism, arguing that the morality of property rights should be determined on an individual basis.

Who developed the social contract theory?

Federal law and business leaders alike favor _____ as a means of governing private business ethics.

Business ethics reflects elements of:

Placing himself behind a wall of self-ignorance, Rawls proposed what ethical principles?

What is meant by stakeholder theory and who are the stakeholders of a corporation?

Because of the increased influence of the Internet and extensive coverage of business in the news media, it has become increasingly difficult for businesses to hide questionable behavior.

The poor may benefit from a private property system more than the rich because private property systems promote _____.

The _____ emphasizes consistency and compels a person to act as he believes everyone should act.

Law As a Foundation for Business

The Court System

Litigation

Alternative Dispute Resolution

The Constitution

The Property System

Contract Formation

Contractual Performance and Breach

Torts Affecting Business

Intellectual Property

International Law

Criminal Law and Business

Business Organizations

The Regulatory Process

Regulating Competition_Antitrust Laws

Financial and Securities Regulations

Privacy and Consumer Protection

Environmental Regulation and Resource Sustainability

Discrimination in Employment

Employment Laws

Labor-Management Relationship

Filters