Question 1

BP was using the same off-shore drilling design as other oil companies.

Accepted Answer

A) True 
 B)False

Question 2

What statutory duty did the Penn State University officials have regarding Mr. Sandusky's conduct?

Accepted Answer

A)  To report it to the proper authorities 
B)  To terminate Mr. Sandusky 
C)  To report it to the NCAA 
D)  To conduct an investigation 
A)  To report it to the proper authorities 
B)  To terminate Mr. Sandusky 
C)  To report it to the NCAA 
D)  To conduct an investigation

Question 3

In the equation P=ƒ(x), P stands for profits.

Accepted Answer

A) True 
 B)False

Question 4

In May 2010, Martha Stewart gave an interview to the New York Times magazine in which she was asked, "Do you find it odd that the SEC investigated you for insider trading, which resulted in your conviction in 2004, while letting a sociopath like Bernie Madoff run unchecked?"   (Mr. Madoff ran a $50 billion Ponzi scheme). Ms. Stewart responded, "Let me just say one thing. They should have been paying closer attention to other things." She then added that she never stole anyone's money like Madoff did. Evaluate Ms. Stewart's comments in the context of ethical analysis, a credo, and her attitude about ethics in business.

Accepted Answer

Students should discuss the fact that Ms

Question 5

A customer of a small remodeling firm wrote an online review, "They are the worst. They took 4 weeks longer than they said. The quality of work was poor. I had a really bad experience with them." Which of the following is accurate about this review?

Accepted Answer

A)  It is illegal to post such reviews online. 
B)  The customer cannot include opinions such as, "They are the worst." 
C)  The review is legal if the writer was actually a customer of the company. 
D)  The FTC can remove the review from online. 
A)  It is illegal to post such reviews online. 
B)  The customer cannot include opinions such as, "They are the worst." 
C)  The review is legal if the writer was actually a customer of the company. 
D)  The FTC can remove the review from online.

Question 6

The Bathsheba Syndrome:

Accepted Answer

A)  Is something Albert Carr believes is important in business leaders. 
B)  Is a doctrine Peter Drucker uses to explain ethical leadership. 
C)  Is destructive once individuals become leaders. 
D)  Affects very few managers . 
A)  Is something Albert Carr believes is important in business leaders. 
B)  Is a doctrine Peter Drucker uses to explain ethical leadership. 
C)  Is destructive once individuals become leaders. 
D)  Affects very few managers .

Question 7

The federal government affected the entire oil industry with a temporary moratorium on offshore drilling following BP's Deepwater Horizon spill.

Accepted Answer

A) True 
 B)False

Question 8

Valeant admitted that it had a transparency problem with its investors.

Accepted Answer

A) True 
 B)False

Question 9

Carr believes that we make player's decisions when providing information to a prospective employer.

Accepted Answer

A) True 
 B)False

Question 10

Whitfield Nurseries obtains many of its products from Mexico and Central America. Whitfield sends gifts to government officials in the countries it does business in so that its purchases can be shipped to the United States very quickly without the customs hassles. Whitfield explains, "Look, this is what it takes to do business in these countries." Which ethical school of thought does Whitfield follow?

Accepted Answer

A)  Peter Drucker 
B)  Virtue ethics 
C)  Albert Carr 
D)  Both a and b 
A)  Peter Drucker 
B)  Virtue ethics 
C)  Albert Carr 
D)  Both a and b

Question 11

Valeant did not work closely with insurers on reimbursement for its prescription drugs .

Accepted Answer

A) True 
 B)False

Question 12

Goldman was positioning itself short in debt instruments it was selling to its clients.

Accepted Answer

A) True 
 B)False

Question 13

Peter Drucker and Albert Carr have similar views on ethics in business.

Accepted Answer

A) True 
 B)False

BP was using the same off-shore drilling design as other oil companies.

What statutory duty did the Penn State University officials have regarding Mr. Sandusky's conduct?

In the equation P=ƒ(x), P stands for profits.

A customer of a small remodeling firm wrote an online review, "They are the worst. They took 4 weeks longer than they said. The quality of work was poor. I had a really bad experience with them." Which of the following is accurate about this review?

The Bathsheba Syndrome:

The federal government affected the entire oil industry with a temporary moratorium on offshore drilling following BP's Deepwater Horizon spill.

Valeant admitted that it had a transparency problem with its investors.

Carr believes that we make player's decisions when providing information to a prospective employer.

Valeant did not work closely with insurers on reimbursement for its prescription drugs .

Goldman was positioning itself short in debt instruments it was selling to its clients.

Peter Drucker and Albert Carr have similar views on ethics in business.

Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemmas

Business, Stakeholders, Social Responsibility, and Sustainability

Ethics and Company Culture

Ethics and Contracts

Ethics in International Business

Ethics, Business Operations, and Rights

Ethics and Products

Ethics and Competition

Filters

Exam 2: Business and Its Ethical Dilemmas

BP was using the same off-shore drilling design as other oil companies.

What statutory duty did the Penn State University officials have regarding Mr. Sandusky's conduct?

In the equation P=ƒ(x), P stands for profits.

A customer of a small remodeling firm wrote an online review, "They are the worst. They took 4 weeks longer than they said. The quality of work was poor. I had a really bad experience with them." Which of the following is accurate about this review?

The Bathsheba Syndrome:

The federal government affected the entire oil industry with a temporary moratorium on offshore drilling following BP's Deepwater Horizon spill.

Valeant admitted that it had a transparency problem with its investors.

Carr believes that we make player's decisions when providing information to a prospective employer.

Valeant did not work closely with insurers on reimbursement for its prescription drugs .

Goldman was positioning itself short in debt instruments it was selling to its clients.

Peter Drucker and Albert Carr have similar views on ethics in business.

Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemmas

Business, Stakeholders, Social Responsibility, and Sustainability

Ethics and Company Culture

Ethics and Contracts

Ethics in International Business

Ethics, Business Operations, and Rights

Ethics and Products

Ethics and Competition

Filters