Question 1

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 A

Question 2

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 3

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 E

Question 4

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 5

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 6

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 7

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) (a)and (b)only 
A) 5-question approach 
B) Moral standards approach 
C) Pastin's approach 
D) All of the above 
E) (a)and (b)only

Question 8

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 9

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 10

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 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

Which of the following is NOT a stakeholder right?

Accepted Answer

A) Life, health 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, health 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 13

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 14

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

Question 15

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

Question 16

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 17

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 18

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 reasonably 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 reasonably 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 19

This approach incorporates the expected future impacts of a decision into the analysis:

Accepted Answer

A) Virtue ethics 
B) Consequentialism 
C) Cost-benefit analysis 
D) Risk-benefit analysis 
E) All of the above 
A) Virtue ethics 
B) Consequentialism 
C) Cost-benefit analysis 
D) Risk-benefit analysis 
E) All of the above

Question 20

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

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

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

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

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

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

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

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

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

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

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

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

Which of the following is NOT a stakeholder right?

The following three standards make up the moral standards approach:

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

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

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

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

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

This approach incorporates the expected future impacts of a decision into the analysis:

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

Ethics Expectations

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

The Credibility Crisis - Enron, WorldCom & SOX

Filters

Exam 4: Practical Ethical Decision Making

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

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

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

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

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

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

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

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

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

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

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

Which of the following is NOT a stakeholder right?

The following three standards make up the moral standards approach:

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

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

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

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

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

This approach incorporates the expected future impacts of a decision into the analysis:

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

Ethics Expectations

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

The Credibility Crisis - Enron, WorldCom & SOX

Filters