Question 1

The ethical theory of intuitionism proposes that:

Accepted Answer

A)  the power of an individual to assess the rightness or wrongness of decisions is as basic to human beings as the instinct for survival. 
B)  market outcomes should be the basis for distributing goods. 
C)  the "veil of ignorance" should be developed to consider the needs and rights of all society's members. 
D)  society should stress equality of opportunity, not results.

Question 2

Compare the social ethics theories of distributive justice, libertarianism, and social egalitarianism.How are they alike? How are they different? Explain your answer.

Accepted Answer

The answer of Compare the social ethics theories of distributive...

Question 3

Which of the following is a common criticism of deontological ethical theories?

Accepted Answer

A)  They are excessively pragmatic. 
B)  They are rigid and excessively formal. 
C)  They only consider actions by their motives. 
D)  They fail to consider universal principles.

Question 4

Intuitionism holds that rational persons possess inherent powers to assess the correctness of actions.

Accepted Answer

A) True 
 B)False

Question 5

Bennett would like to propose to the board of directors of Benmarc, Inc., that the corporation distribute one percent of its pre-tax yearly income to feed the poor.To Milton Friedman and others, Bennett's proposal might be considered unethical, because it violates the purpose for which the corporation was established.

Accepted Answer

A) True 
 B)False

Question 6

Ethical issues in business settings include corporate governance, whistle-blowing, shareholder voting, and management's duties to shareholders.

Accepted Answer

A) True 
 B)False

Question 7

Kant's approach, like that of ethical fundamentalists, asserts that universal laws stem from the direct pronouncements of God.

Accepted Answer

A) True 
 B)False

Question 8

A factor demanding the ethical and social responsibility of business is:

Accepted Answer

A)  the "invisible hand" of competition. 
B)  the sheer size and power of individual corporations. 
C)  the fact that self-regulation has been effective in achieving social goals. 
D)  great amounts of wealth and economic power are controlled by a small number of shareholders who own and exercise tight control over a large number of corporations.

Question 9

Under a Kantian approach to ethics, a person should not lie to colleagues unless that person supports the right of all colleagues to lie to one another.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following is not true about corporations in the United States?

Accepted Answer

A)  A relatively small number of corporations own the great bulk of U.S. industrial wealth. 
B)  The great majority of publicly held corporations have audit committees consisting entirely of outside directors. 
C)  The board of directors of the majority of publicly held U.S. corporations consist mainly or entirely of inside directors. 
D)  Corporate governance requirements on publicly held corporations have been imposed by federal legislation.

Question 11

Which of the following statements is true of the libertarian social ethics theory?

Accepted Answer

A)  Libertarians stress market outcomes as the basis for distributing society's rewards. 
B)  Libertarians encourage social control over all people in order to design an equitable society. 
C)  Libertarians believe it is just for society to take wealth earned by some citizens and distribute it to those who did not directly earn it. 
D)  The fact that some people end up with fortunes while others are poor proves only that absolute power corrupts absolutely.

Question 12

To a __________ , whether telling a lie in a given instance would produce greater pleasure than telling the truth is less important than deciding if a general practice of lying would maximize society's pleasure.

Accepted Answer

A)  deontologist 
B)  rule utilitarian 
C)  ethical fundamentalist 
D)  ethical relativist

Question 13

Philosophers have found that the most effective way to develop dependable and universal methods for making ethical judgments is to fashion a priori guidelines.

Accepted Answer

A) True 
 B)False

Question 14

Ethical relativism holds that when any two individuals or cultures differ regarding the morality of a particular issue or action, they are both correct because morality is relative.

Accepted Answer

A) True 
 B)False

Question 15

Discuss which of the social ethics theories listed below you most agree with and why.Discuss your reasons for disagreeing with the others.
a.Distributive justice 
 b.Social egalitarian 
c.Libertarianism

Accepted Answer

The answer of Discuss which of the social ethics theories...

Question 16

An auto designer chooses to devote his efforts to design an automobile that is the safest vehicle possible.He does so because he wishes to save lives and prevent disabling injuries.He believes he and his employer have a duty to provide the public with the safest possible vehicle.The designer's approach to ethical decision-making is best characterized as:

Accepted Answer

A)  utilitarian. 
B)  deontological. 
C)  ethically relative. 
D)  ethically fundamental.

Question 17

Kant's categorical imperative is a variation of the Golden Rule.

Accepted Answer

A) True 
 B)False

Question 18

The definition of business ethics includes which of the following points?

Accepted Answer

A)  It is a branch of applied ethics. 
B)  It is fully codified in federal statutes. 
C)  It has a central authority and universal standards. 
D)  It is based on maximizing profits for a business.

Question 19

In what way or ways are ethical relativism  and  situational ethics similar?

Accepted Answer

A)  They both look to a central authority or set of rules to guide ethical decision-making. 
B)  They both assess each separate act according to whether it maximizes pleasure over pain. 
C)  They both judge actions from the perspective of the actor. 
D)  They both begin with an evaluation of the economic benefit of a decision.

Question 20

Rule utilitarianism supports rules that, on balance, produce the greatest good.

Accepted Answer

A) True 
 B)False

Exam 2: Business Ethicspart Ii: the Legal Environment of Business

The ethical theory of intuitionism proposes that:

Compare the social ethics theories of distributive justice, libertarianism, and social egalitarianism.How are they alike? How are they different? Explain your answer.

Which of the following is a common criticism of deontological ethical theories?

Intuitionism holds that rational persons possess inherent powers to assess the correctness of actions.

Ethical issues in business settings include corporate governance, whistle-blowing, shareholder voting, and management's duties to shareholders.

Kant's approach, like that of ethical fundamentalists, asserts that universal laws stem from the direct pronouncements of God.

A factor demanding the ethical and social responsibility of business is:

Under a Kantian approach to ethics, a person should not lie to colleagues unless that person supports the right of all colleagues to lie to one another.

Which of the following is not true about corporations in the United States?

Which of the following statements is true of the libertarian social ethics theory?

To a __________ , whether telling a lie in a given instance would produce greater pleasure than telling the truth is less important than deciding if a general practice of lying would maximize society's pleasure.

Philosophers have found that the most effective way to develop dependable and universal methods for making ethical judgments is to fashion a priori guidelines.

Ethical relativism holds that when any two individuals or cultures differ regarding the morality of a particular issue or action, they are both correct because morality is relative.

Discuss which of the social ethics theories listed below you most agree with and why.Discuss your reasons for disagreeing with the others. a.Distributive justice b.Social egalitarian c.Libertarianism

Kant's categorical imperative is a variation of the Golden Rule.

The definition of business ethics includes which of the following points?

In what way or ways are ethical relativism and situational ethics similar?

Rule utilitarianism supports rules that, on balance, produce the greatest good.