Question 1

The social contract theory concerns itself with how to construct a just society given:

Accepted Answer

A)  the many inequalities of wealth, knowledge, and social status. 
B)  the difficulty of acting toward others as you would have them act toward you. 
C)  the many logical fallacies contained in legal contracts. 
D)  the implicit agreement that the powerful are best suited to govern. 
E)  the inherent nature of those in a society to argue and reject consensus. 
A)  the many inequalities of wealth, knowledge, and social status. 
B)  the difficulty of acting toward others as you would have them act toward you. 
C)  the many logical fallacies contained in legal contracts. 
D)  the implicit agreement that the powerful are best suited to govern. 
E)  the inherent nature of those in a society to argue and reject consensus.

Question 2

Civil rights leaders in their quest to promote civil rights and equality often held peaceful marches and non-violent sit-ins that they understood to be at times illegal. Their justification for their actions was to promote and give focus to inequities with the ultimate aim of reducing discrimination and establishing equal rights for all. Were these leaders acting ethically? Fully explain your answer citing the ethical theory you believe to apply.

Accepted Answer

Student answers will vary. Those who bel

Question 3

Businesses working in the international arena find social contract theory especially valuable because it promotes the idea that all parties deserve an equal opportunity for achievement, regardless of the country or system of laws they come from.

Accepted Answer

A) True 
 B)False

Question 4

How does the 2008 economic recession illustrate the potential problems of economic interdependence?

Accepted Answer

As credit from the banks dried up, the a

Question 5

Which is the best definition of "the good", as defined by philosophers?

Accepted Answer

A)  Increasing profit margins on a quarterly basis. 
B)  The moral goals and objectives we choose to pursue. 
C)  The acquisition of all of the things necessary for having a good life. 
D)  Whatever makes an individual happy. 
E)  Eating meat and consuming alcohol. 
A)  Increasing profit margins on a quarterly basis. 
B)  The moral goals and objectives we choose to pursue. 
C)  The acquisition of all of the things necessary for having a good life. 
D)  Whatever makes an individual happy. 
E)  Eating meat and consuming alcohol.

Question 6

Formalism is primarily a duty-based view of ethics that creates moral obligations that one must satisfy in order to be ethical.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is a national group of senior business leaders that has identified a general list of topics that organizational codes of business ethics should cover?

Accepted Answer

A)  The Corporate Deciders 
B)  The Business Roundtable 
C)  National Business Ethics Survey 
D)  The Board of Review 
E)  The Springfield Armory 
A)  The Corporate Deciders 
B)  The Business Roundtable 
C)  National Business Ethics Survey 
D)  The Board of Review 
E)  The Springfield Armory

Question 8

Which of the following provides the best definition of ethics?

Accepted Answer

A)  Ethics is a formal system for evaluating who profits in a business transaction. 
B)  Ethics is merely a different term for the laws and regulations created by a government. 
C)  Ethics is merely another word for morality, which is only involved in what is right and what is wrong. 
D)  Ethics is a simplified term given to the momentary decisions we all make regarding which answer will lead each person to the most personally successful solution. 
E)  Ethics is a formal system for deciding what is right and wrong and for justifying moral decisions. 
A)  Ethics is a formal system for evaluating who profits in a business transaction. 
B)  Ethics is merely a different term for the laws and regulations created by a government. 
C)  Ethics is merely another word for morality, which is only involved in what is right and what is wrong. 
D)  Ethics is a simplified term given to the momentary decisions we all make regarding which answer will lead each person to the most personally successful solution. 
E)  Ethics is a formal system for deciding what is right and wrong and for justifying moral decisions.

Question 9

It is appropriate for those engaged in international business to assume that all countries have the same ethical and moral values.

Accepted Answer

A) True 
 B)False

Question 10

A major concern of those who criticize property is the power over others conveyed by the possession of great capital resources.

Accepted Answer

A) True 
 B)False

Question 11

Federal sentencing guidelines reduce criminal fines for legal violations in companies that have taken specific steps to self-police ethical/legal conduct.

Accepted Answer

A) True 
 B)False

Question 12

According to sociologist Robert Jackall's view of the modern bureaucratic managerial system, how has the Protestant ethic changed over time?

Accepted Answer

A)  The Protestant ethic has become the only viable ethical system for American corporations. 
B)  The profiteering of the Protestant ethic became a justification for economic excess. 
C)  The religious consequentialism of the Protestant ethic became the dominant system of formalistic morality. 
D)  The Protestant ethic collapsed as a viable ethical system. 
E)  The religious formalism of the Protestant ethic has become a type of utilitarian consequentialism. 
A)  The Protestant ethic has become the only viable ethical system for American corporations. 
B)  The profiteering of the Protestant ethic became a justification for economic excess. 
C)  The religious consequentialism of the Protestant ethic became the dominant system of formalistic morality. 
D)  The Protestant ethic collapsed as a viable ethical system. 
E)  The religious formalism of the Protestant ethic has become a type of utilitarian consequentialism.

Question 13

Supporters of private property contend that adequate property in resources maximizes _____.

Accepted Answer

A)  gender equality. 
B)  total resources for each individual. 
C)  religious devotion. 
D)  total wealth in society. 
E)  communal fairness. 
A)  gender equality. 
B)  total resources for each individual. 
C)  religious devotion. 
D)  total wealth in society. 
E)  communal fairness.

Question 14

What roles do regulations serve in promoting or frustrating ethical decisions in the business world? Do you think there should be more or less regulations on business?

Accepted Answer

Legal regulations limit freedom and rest

Question 15

Plato wrote that immoral behavior often flows from _____.

Accepted Answer

A)  apathy 
B)  ignorance 
C)  thoughtlessness 
D)  boredom 
E)  anger 
A)  apathy 
B)  ignorance 
C)  thoughtlessness 
D)  boredom 
E)  anger

Question 16

What potential problems arise from the modern corporate structure and its dependence on separation of the managers from the owners?

Accepted Answer

The problem is that the corporate leader

Question 17

Since the primary goal of business is to make a profit, this orientation mainly involves:

Accepted Answer

A)  deontology. 
B)  formalism. 
C)  consequentialism. 
D)  absence of ethics. 
E)  Darwinism. 
A)  deontology. 
B)  formalism. 
C)  consequentialism. 
D)  absence of ethics. 
E)  Darwinism.

Question 18

Of the world's 100 largest economies, 49 of them are countries and 51 are companies.

Accepted Answer

A) True 
 B)False

Question 19

Is the concept of due care a formalist or consequentialist concept? What are the difficulties in applying this to business actions?

Accepted Answer

Due care demands that individuals and co

Question 20

When facing an ethical dilemma, what questions should you ask yourself before making a personal or business decision?

Accepted Answer

1) Have I thought about whether the acti

Exam 2: The Role of Ethics in Decision Making

The social contract theory concerns itself with how to construct a just society given:

Businesses working in the international arena find social contract theory especially valuable because it promotes the idea that all parties deserve an equal opportunity for achievement, regardless of the country or system of laws they come from.

How does the 2008 economic recession illustrate the potential problems of economic interdependence?

Which is the best definition of "the good", as defined by philosophers?

Formalism is primarily a duty-based view of ethics that creates moral obligations that one must satisfy in order to be ethical.

Which of the following is a national group of senior business leaders that has identified a general list of topics that organizational codes of business ethics should cover?

Which of the following provides the best definition of ethics?

It is appropriate for those engaged in international business to assume that all countries have the same ethical and moral values.

A major concern of those who criticize property is the power over others conveyed by the possession of great capital resources.

Federal sentencing guidelines reduce criminal fines for legal violations in companies that have taken specific steps to self-police ethical/legal conduct.

According to sociologist Robert Jackall's view of the modern bureaucratic managerial system, how has the Protestant ethic changed over time?

Supporters of private property contend that adequate property in resources maximizes _____.

What roles do regulations serve in promoting or frustrating ethical decisions in the business world? Do you think there should be more or less regulations on business?

Plato wrote that immoral behavior often flows from _____.

What potential problems arise from the modern corporate structure and its dependence on separation of the managers from the owners?

Since the primary goal of business is to make a profit, this orientation mainly involves:

Of the world's 100 largest economies, 49 of them are countries and 51 are companies.

Is the concept of due care a formalist or consequentialist concept? What are the difficulties in applying this to business actions?

When facing an ethical dilemma, what questions should you ask yourself before making a personal or business decision?

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