Question 1

Which of the following raises questions about justice, law, civic virtues, and political philosophy?

Accepted Answer

A)  Stipulative ethics
B)  Morality
C)  Descriptive discipline
D)  Social ethics D

Question 2

To say that ethics is a _____ discipline is to say that it deals with standards of appropriate and proper behavior.

Accepted Answer

normative
Explanation: To say that ethics is a normative discipline is to say that it deals with norms: those standards of appropriate and proper (or "normal") behavior.

Question 3

Explain how ethical decisions are required to be made by everybody, and how they have the capacity to influence more than just the decision maker.

Accepted Answer

Ethical decision making in business is not limited to the type of major corporate decisions with dramatic social consequences known in the form of Enron, JPMorgan, and WorldCom etc. At some point, every worker, and certainly everyone in a management role, will be faced with an issue that will require ethical decision making. Not every decision can be covered by economic, legal, or company rules and regulations. More often than not, responsible decision making must rely on the personal values and principles of the individuals involved. Individuals will have to decide for themselves what type of person they want to be. At other times, decisions will involve significant general policy issues that affect entire organizations, as happened in all the well-known corporate scandals. The managerial role especially involves decision making that establishes organizational precedents and has organizational and social consequences.

Question 4

Which of the following refers to the pursuit of truth and the highest standard for what we should believe?

Accepted Answer

A)  Theoretical reason
B)  Critical reason
C)  Philanthropic reason
D)  Practical reason

Question 5

Which of the following best describes a business stakeholder?

Accepted Answer

A)  Only the minority shareholders in a business entity.
B)  Only those who have acquired significant shares in a firm.
C)  Anyone who audits a firm.
D)  Anyone who affects or is affected by decisions made within a firm.

Question 6

Which of the following observations is true?

Accepted Answer

A)  Obedience to the law is sufficient to fulfill one's ethical duties.
B)  The law is very effective at promoting "goods."
C)  The law cannot anticipate every new dilemma that businesses might face.
D)  An individual's ethical responsibility can never run counter to the law.

Question 7

In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following best describe the norms that guide employees, implicitly more often than not, to behave in ways that the firm values and finds worthy?

Accepted Answer

A)  Organizational culture
B)  Government's financial regulations
C)  Industrial norms
D)  Legal statutes

Question 9

Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.

Accepted Answer

A) True 
 B)False

Question 10

Societies that value individual freedom will be reluctant to legally require acts of charity, personal integrity, and common decency.

Accepted Answer

A) True 
 B)False

Question 11

Differentiate the concepts of morality and social ethics.

Accepted Answer

The answer of Differentiate the concepts of morality and social...

Question 12

The crux of normative ethics is that these disciplines:

Accepted Answer

A)  presuppose some underlying values.
B)  describe what people do.
C)  should always involve the study or discipline of ethics.
D)  branch away from social ethics to personal ethics.

Question 13

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)  Every employee does not face an issue that requires ethical decision making.
C)  All ethical decisions can be covered by economic, legal, or company rules and regulations.
D)  Ethical decision making should rely on the personal values and principles of the individuals involved.

Question 14

Discuss the impact of maintaining that holding to the law is sufficient to fulfill one's ethical duties, and what it says about the law itself.

Accepted Answer

The answer of Discuss the impact of maintaining that holding...

Question 15

Which of the following is the objective of the Grayson-Himes Pay for Performance Act?

Accepted Answer

A)  To ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
B)  To set up the Public Company Accounting Oversight Board in the wake of accounting scandals that rocked the private sector.
C)  To outlaw the practice of backdating of stock options awarded to senior management.
D)  To set upper limits on executive pay based on average employee salary in all private sector organizations.

Question 16

Telling organizations that their ethical responsibilities end with obedience to the law:

Accepted Answer

A)  is just inviting more legal regulation.
B)  is enough to maintain an ethical business environment.
C)  reduces the frequency of corporate scandals.
D)  eliminates ambiguity while making personal ethics-related decisions.

Question 17

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

Accepted Answer

A)  Ethical decision making is not limited to the type of major corporate decisions with dramatic social consequences.
B)  Every employee does not face an issue that requires 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 18

The _____ requires employers to make reasonable accommodations for employees with disabilities.

Accepted Answer

The answer of The _____ requires employers to make reasonable...

Question 19

The failure of personal ethics among companies like Enron and WorldCom led to the creation of the:

Accepted Answer

A)  Brooks Act.
B)  Gramm-Leach-Bliley Act.
C)  Clinger-Cohen Act.
D)  Sarbanes-Oxley Act.

Question 20

Ethical values are personal codes of ethics that ensure that individually, a person meets his or her standards of well-being.

Accepted Answer

A) True 
 B)False

Exam 1: Ethics and Business

Which of the following raises questions about justice, law, civic virtues, and political philosophy?

To say that ethics is a _____ discipline is to say that it deals with standards of appropriate and proper behavior.

Explain how ethical decisions are required to be made by everybody, and how they have the capacity to influence more than just the decision maker.

Which of the following refers to the pursuit of truth and the highest standard for what we should believe?

Which of the following best describes a business stakeholder?

Which of the following observations is true?

In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent.

Which of the following best describe the norms that guide employees, implicitly more often than not, to behave in ways that the firm values and finds worthy?

Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.

Societies that value individual freedom will be reluctant to legally require acts of charity, personal integrity, and common decency.

Differentiate the concepts of morality and social ethics.

The crux of normative ethics is that these disciplines:

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

Discuss the impact of maintaining that holding to the law is sufficient to fulfill one's ethical duties, and what it says about the law itself.

Which of the following is the objective of the Grayson-Himes Pay for Performance Act?

Telling organizations that their ethical responsibilities end with obedience to the law:

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

The _____ requires employers to make reasonable accommodations for employees with disabilities.

The failure of personal ethics among companies like Enron and WorldCom led to the creation of the:

Ethical values are personal codes of ethics that ensure that individually, a person meets his or her standards of well-being.