Question 1

These are character traits that dispose a person to act ethically and thereby make that person a morally good human being:

Accepted Answer

A) Norms 
B) Moral judgements 
C) Virtues 
D) Values 
E) Ethical judgements 
A) Norms 
B) Moral judgements 
C) Virtues 
D) Values 
E) Ethical judgements C

Question 2

Lack of awareness of the following problem results in executives not attributing enough value to the use of an environmental resource:

Accepted Answer

A) Commons problem 
B) Ethics problem 
C) Value problem 
D) Risk-assessment problem 
E) Moral problem 
A) Commons problem 
B) Ethics problem 
C) Value problem 
D) Risk-assessment problem 
E) Moral problem A

Question 3

Pastin's approach adds the following concepts to stakeholder impact analysis:

Accepted Answer

A) Rule ethics 
B) Ground rule ethics 
C) End-point ethics 
D) Social contract ethics 
E) All of the above 
A) Rule ethics 
B) Ground rule ethics 
C) End-point ethics 
D) Social contract ethics 
E) All of the above E

Question 4

Failure to identify all relevant stakeholder groups for a proper stakeholder impact analysis may be the result of:

Accepted Answer

A) Bias 
B) Conforming to an unethical corporate culture 
C) Conflicts of interests 
D) Failure to consider the motivation for the decision 
E) All of the above 
A) Bias 
B) Conforming to an unethical corporate culture 
C) Conflicts of interests 
D) Failure to consider the motivation for the decision 
E) All of the above

Question 5

The following approach does not specifically incorporate a thorough review of the motivation for the decisions involved, or the virtues or character traits expected:

Accepted Answer

A) 5-question approach 
B) Moral standards approach 
C) Pastin's approach 
D) All of the above 
E) aand bonly 
A) 5-question approach 
B) Moral standards approach 
C) Pastin's approach 
D) All of the above 
E) aand bonly

Question 6

Which of the following is not an example of a common ethical decision-making pitfall?

Accepted Answer

A) Conforming to an unethical corporate culture 
B) Focusing only on legalities 
C) Conflicts of interests 
D) Failure to identify all stakeholder groups 
E) None of the above 
A) Conforming to an unethical corporate culture 
B) Focusing only on legalities 
C) Conflicts of interests 
D) Failure to identify all stakeholder groups 
E) None of the above

Question 7

What is the most common measure of shareholder well-being:

Accepted Answer

A) Profit or loss 
B) Profit or loss plus externalities 
C) Profit or loss plus cost-benefit analysis 
D) Profit or loss plus risk-benefit analysis 
E) All of the above 
A) Profit or loss 
B) Profit or loss plus externalities 
C) Profit or loss plus cost-benefit analysis 
D) Profit or loss plus risk-benefit analysis 
E) All of the above

Question 8

If a decision is expected to be unfair to a particular stakeholder group, the decision may be improved by:

Accepted Answer

A) Using stakeholder analysis 
B) Using a decision making approach 
C) Increasing the compensation to that stakeholder group 
D) Increasing the compensation to all stakeholder groups 
E) All of the above 
A) Using stakeholder analysis 
B) Using a decision making approach 
C) Increasing the compensation to that stakeholder group 
D) Increasing the compensation to all stakeholder groups 
E) All of the above

Question 9

Which of the following is not one of the 5 questions in Graham Tucker's original approach to ethical decision making?

Accepted Answer

A) Is it profitable 
B) Is it right? 
C) Is it fair? 
D) Is it legal? 
E) Does it demonstrate the virtues expected? 
A) Is it profitable 
B) Is it right? 
C) Is it fair? 
D) Is it legal? 
E) Does it demonstrate the virtues expected?

Question 10

The AACSB Ethics Education taskforce has called for business students to be familiar with the following approaches to ethical decision making:

Accepted Answer

A) Consequentialism, deontology, and virtue ethics 
B) Consequentialism, deontology, and moral imagination 
C) Distributive justice, deontology, and virtue ethics 
D) Distributive justice, deontology, and moral imagination 
E) Consequentialism, deontology, and distributive justice 
A) Consequentialism, deontology, and virtue ethics 
B) Consequentialism, deontology, and moral imagination 
C) Distributive justice, deontology, and virtue ethics 
D) Distributive justice, deontology, and moral imagination 
E) Consequentialism, deontology, and distributive justice

Question 11

These costs can be measured indirectly by using costs incurred in similar circumstances or mirror image alternatives:

Accepted Answer

A) Surrogates 
B) Externalities 
C) Future impacts 
D) Collateral damages 
E) Ethical costs 
A) Surrogates 
B) Externalities 
C) Future impacts 
D) Collateral damages 
E) Ethical costs

Question 12

The first resource for guidance when a businessperson or a professional accountant faces an ethical problem should be:

Accepted Answer

A) Commonly accepted social norms 
B) Corporate and professional codes of conduct 
C) Ethical decision-making frameworks 
D) Commonly accepted philosophical approaches 
E) All of the above 
A) Commonly accepted social norms 
B) Corporate and professional codes of conduct 
C) Ethical decision-making frameworks 
D) Commonly accepted philosophical approaches 
E) All of the above

Question 13

Frequently, decision makers have been subject to unreasonable expectations and unrealistic deadlines, this is an example of:

Accepted Answer

A) Conforming to an unethical corporate culture 
B) Focusing only on legalities 
C) Conflicts of interests 
D) Failure to identify all stakeholder groups 
E) Failure to rank stakeholder interests 
A) Conforming to an unethical corporate culture 
B) Focusing only on legalities 
C) Conflicts of interests 
D) Failure to identify all stakeholder groups 
E) Failure to rank stakeholder interests

Question 14

These values are the combinations of a value and the probability of its occurrence:

Accepted Answer

A) Probable values 
B) Common values 
C) Present values 
D) Expected values 
E) Risk-adjusted values 
A) Probable values 
B) Common values 
C) Present values 
D) Expected values 
E) Risk-adjusted values

Question 15

From a stakeholder point of view, which of the following must be satisfied for a decision to be considered ethical?

Accepted Answer

A) The decision should demonstrate virtues reasonabley expected 
B) The decision should result in more benefits than costs 
C) The decision should not offend the rights of any other stakeholders 
D) The distribution of benefits and burdens should be fair 
E) All of the above must be satisfied for a decision to be considered ethical 
A) The decision should demonstrate virtues reasonabley expected 
B) The decision should result in more benefits than costs 
C) The decision should not offend the rights of any other stakeholders 
D) The distribution of benefits and burdens should be fair 
E) All of the above must be satisfied for a decision to be considered ethical

Question 16

The following three standards make up the moral standards approach:

Accepted Answer

A) Utilitarian, Individual rights, and Justice 
B) Utilitarian, Individual rights, and Fairness 
C) Legal, Individual rights, and Justice 
D) Utilitarian, Moral rights, and Justice 
E) Legal, Moral rights, and Justice 
A) Utilitarian, Individual rights, and Justice 
B) Utilitarian, Individual rights, and Fairness 
C) Legal, Individual rights, and Justice 
D) Utilitarian, Moral rights, and Justice 
E) Legal, Moral rights, and Justice

Question 17

Which of the following is not a stakeholder right?

Accepted Answer

A) Life, heath and safety 
B) To earn a reasonable return on an investment 
C) Freedom of speech 
D) Fair treatment before the law 
E) All of the above are stakeholder rights 
A) Life, heath and safety 
B) To earn a reasonable return on an investment 
C) Freedom of speech 
D) Fair treatment before the law 
E) All of the above are stakeholder rights

Question 18

The costs of environmental clean-ups absorbed by downstream individuals, companies, or municipalities are referred to as:

Accepted Answer

A) Surrogates 
B) Externalities 
C) Future impacts 
D) Collateral damages 
E) Ethical costs 
A) Surrogates 
B) Externalities 
C) Future impacts 
D) Collateral damages 
E) Ethical costs

Question 19

Completing the following steps in this order provides a sound basis for challenging a proposed decision:

Accepted Answer

A) Identify facts and stakeholders, rank stakeholders and their interests, and assess the impact of the proposed action 
B) Identify a proper ethical decision framework, rank stakeholders and their interests, and assess the impact of the proposed action 
C) Rank stakeholders and their interests, identify facts and stakeholders, and assess the impact of the proposed action 
D) Identify a proper ethical decision framework, identify facts and stakeholders, and assess the impact of the proposed action 
E) Rank stakeholders and their interests, identify a proper ethical decision framework, and assess the impact of the proposed action 
A) Identify facts and stakeholders, rank stakeholders and their interests, and assess the impact of the proposed action 
B) Identify a proper ethical decision framework, rank stakeholders and their interests, and assess the impact of the proposed action 
C) Rank stakeholders and their interests, identify facts and stakeholders, and assess the impact of the proposed action 
D) Identify a proper ethical decision framework, identify facts and stakeholders, and assess the impact of the proposed action 
E) Rank stakeholders and their interests, identify a proper ethical decision framework, and assess the impact of the proposed action

These are character traits that dispose a person to act ethically and thereby make that person a morally good human being:

Lack of awareness of the following problem results in executives not attributing enough value to the use of an environmental resource:

Pastin's approach adds the following concepts to stakeholder impact analysis:

Failure to identify all relevant stakeholder groups for a proper stakeholder impact analysis may be the result of:

The following approach does not specifically incorporate a thorough review of the motivation for the decisions involved, or the virtues or character traits expected:

Which of the following is not an example of a common ethical decision-making pitfall?

What is the most common measure of shareholder well-being:

If a decision is expected to be unfair to a particular stakeholder group, the decision may be improved by:

Which of the following is not one of the 5 questions in Graham Tucker's original approach to ethical decision making?

The AACSB Ethics Education taskforce has called for business students to be familiar with the following approaches to ethical decision making:

These costs can be measured indirectly by using costs incurred in similar circumstances or mirror image alternatives:

The first resource for guidance when a businessperson or a professional accountant faces an ethical problem should be:

Frequently, decision makers have been subject to unreasonable expectations and unrealistic deadlines, this is an example of:

These values are the combinations of a value and the probability of its occurrence:

From a stakeholder point of view, which of the following must be satisfied for a decision to be considered ethical?

The following three standards make up the moral standards approach:

Which of the following is not a stakeholder right?

The costs of environmental clean-ups absorbed by downstream individuals, companies, or municipalities are referred to as:

Completing the following steps in this order provides a sound basis for challenging a proposed decision:

The Ethics Environment

Ethics & Governance Scandals

Ethical Behavior Philosophers’ Contributions

Corporate Ethical Governance & Accountability

Professional Accounting in the Public Interest, Post Enron

Managing Ethics Risks & Opportunities

Subprime Lending Fiasco Ethics Issues

Enron Events Motivate Governance & Ethics Reform

Filters

Exam 4: Practical Ethical Decision Making

These are character traits that dispose a person to act ethically and thereby make that person a morally good human being:

Lack of awareness of the following problem results in executives not attributing enough value to the use of an environmental resource:

Pastin's approach adds the following concepts to stakeholder impact analysis:

Failure to identify all relevant stakeholder groups for a proper stakeholder impact analysis may be the result of:

The following approach does not specifically incorporate a thorough review of the motivation for the decisions involved, or the virtues or character traits expected:

Which of the following is not an example of a common ethical decision-making pitfall?

What is the most common measure of shareholder well-being:

If a decision is expected to be unfair to a particular stakeholder group, the decision may be improved by:

Which of the following is not one of the 5 questions in Graham Tucker's original approach to ethical decision making?

The AACSB Ethics Education taskforce has called for business students to be familiar with the following approaches to ethical decision making:

These costs can be measured indirectly by using costs incurred in similar circumstances or mirror image alternatives:

The first resource for guidance when a businessperson or a professional accountant faces an ethical problem should be:

Frequently, decision makers have been subject to unreasonable expectations and unrealistic deadlines, this is an example of:

These values are the combinations of a value and the probability of its occurrence:

From a stakeholder point of view, which of the following must be satisfied for a decision to be considered ethical?

The following three standards make up the moral standards approach:

Which of the following is not a stakeholder right?

The costs of environmental clean-ups absorbed by downstream individuals, companies, or municipalities are referred to as:

Completing the following steps in this order provides a sound basis for challenging a proposed decision:

The Ethics Environment

Ethics & Governance Scandals

Ethical Behavior Philosophers’ Contributions

Corporate Ethical Governance & Accountability

Professional Accounting in the Public Interest, Post Enron

Managing Ethics Risks & Opportunities

Subprime Lending Fiasco Ethics Issues

Enron Events Motivate Governance & Ethics Reform

Filters