Question 1

A common criticism of deontological ethical theories is that they:

Accepted Answer

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

Question 2

The theory of distributive justice analyzes society through a "veil of ignorance."

Accepted Answer

A) True 
 B)False

Question 3

How does Immanuel Kant's approach to ethical decision-making differ from that of an ethical fundamentalist?

Accepted Answer

A)  Kant's approach is premised on man's rationality and not on principles handed down from above. 
B)  Kant's approach stresses liberty and not justice. 
C)  Kant's approach judges society in moral terms by how it distributes goods and services. 
D)  Kant's approach assesses each separate act according to whether it maximizes pleasure over pain. 
A)  Kant's approach is premised on man's rationality and not on principles handed down from above. 
B)  Kant's approach stresses liberty and not justice. 
C)  Kant's approach judges society in moral terms by how it distributes goods and services. 
D)  Kant's approach assesses each separate act according to whether it maximizes pleasure over pain.

Question 4

From a Kantian perspective, for an action to be moral, it must be possible for it to be made into a universal law and it must respect the autonomy and rationality of all human beings.

Accepted Answer

A) True 
 B)False

Question 5

In Adam Smith's The Wealth of Nations, how many "institutions" are in the capitalistic system?

Accepted Answer

A)  3 
B)  4 
C)  5 
D)  6 
A)  3 
B)  4 
C)  5 
D)  6

Question 6

How many stages are there in Kohlberg's theory of moral development?

Accepted Answer

A)  2 
B)  3 
C)  4 
D)  5 
A)  2 
B)  3 
C)  4 
D)  5

Question 7

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 8

Under a strict utilitarian approach, it is ethical to force an individual to participate in a painful medical experiment if the purpose of the experiment is to develop a cure that will benefit large numbers of people.

Accepted Answer

A) True 
 B)False

Question 9

To a libertarian, it is not unjust for some people to accumulate fortunes while others live in poverty.

Accepted Answer

A) True 
 B)False

Question 10

An auto designer chooses to devote his efforts to designing 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. 
A)  utilitarian. 
B)  deontological. 
C)  ethically relative. 
D)  ethically fundamental.

Question 11

The study of business ethics has several central authorities.

Accepted Answer

A) True 
 B)False

Question 12

Although corporations are not persons but artificial entities created by the state, it is clear that they can and should be held morally accountable.

Accepted Answer

A) True 
 B)False

Question 13

45. To a(n) , 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 
A)  deontologist 
B)  rule utilitarian 
C)  ethical fundamentalist 
D)  ethical relativist

Question 14

According to Milton Friedman, the social obligation of a corporation is to return as much money as possible to its shareholders.

Accepted Answer

A) True 
 B)False

Question 15

Factors leading to the need for the ethical and social responsibility of business are the demands of maintaining a competitive, fair marketplace and the size and power of individual corporations.

Accepted Answer

A) True 
 B)False

Question 16

What is unjust to a social egalitarian will also be unjust to a libertarian.

Accepted Answer

A) True 
 B)False

Question 17

Through his observation of human behavior, psychologist Lawrence Kohlberg developed a model of moral development. Describe the stages of moral development that were studied and developed by Kohlberg and the relevance of this model for ethical business behavior.

Accepted Answer

Kohlberg's first stage of moral developm

Question 18

Situational ethics judges a person's ethics, and it does so from the perspective of the actor.

Accepted Answer

A) True 
 B)False

Question 19

The ethical theory that underlies cost-benefit analysis is:

Accepted Answer

A)  libertarianism. 
B)  utilitarianism. 
C)  deontology. 
D)  ethical relativism. 
A)  libertarianism. 
B)  utilitarianism. 
C)  deontology. 
D)  ethical relativism.

Question 20

Because there are no universal, clear-cut standards to apply to ethical analysis, it is impossible to make meaningful ethical judgments.

Accepted Answer

A) True 
 B)False

Exam 2: Business Ethics and the Social Responsibility of Business

A common criticism of deontological ethical theories is that they:

The theory of distributive justice analyzes society through a "veil of ignorance."

How does Immanuel Kant's approach to ethical decision-making differ from that of an ethical fundamentalist?

From a Kantian perspective, for an action to be moral, it must be possible for it to be made into a universal law and it must respect the autonomy and rationality of all human beings.

In Adam Smith's The Wealth of Nations, how many "institutions" are in the capitalistic system?

How many stages are there in Kohlberg's theory of moral development?

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.

Under a strict utilitarian approach, it is ethical to force an individual to participate in a painful medical experiment if the purpose of the experiment is to develop a cure that will benefit large numbers of people.

To a libertarian, it is not unjust for some people to accumulate fortunes while others live in poverty.

The study of business ethics has several central authorities.

Although corporations are not persons but artificial entities created by the state, it is clear that they can and should be held morally accountable.

45. To a(n) , 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.

According to Milton Friedman, the social obligation of a corporation is to return as much money as possible to its shareholders.

Factors leading to the need for the ethical and social responsibility of business are the demands of maintaining a competitive, fair marketplace and the size and power of individual corporations.

What is unjust to a social egalitarian will also be unjust to a libertarian.

Through his observation of human behavior, psychologist Lawrence Kohlberg developed a model of moral development. Describe the stages of moral development that were studied and developed by Kohlberg and the relevance of this model for ethical business behavior.

Situational ethics judges a person's ethics, and it does so from the perspective of the actor.

The ethical theory that underlies cost-benefit analysis is:

Because there are no universal, clear-cut standards to apply to ethical analysis, it is impossible to make meaningful ethical judgments.

Introduction to Law

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

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Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

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Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

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Employment Law

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Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Contracts

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Sales

Negotiable Instruments

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₄₅_._T_o_a(n) _,_whethe_r_tellin_g_a_li_e_i_n_a_give_n_instanc_e_woul_d_produc_e_greate_r_pleasur_e_tha_n_tellin_g_th_e_trut_h_i_s_less Important than deciding if a general practice of lying would maximize society's pleasure.