Question 1

Which of the following most accurately describes the concept of agency?

Accepted Answer

A)  Agency is defined by the delineation between internal and external stakeholders of a company. 
B)  Agency refers to the ethics of price fixing and price gouging. 
C)  Agency deals with executives and employees acting as proxies for the owners of the business. 
D)  Agency is associated with the stockholders of a firm being answerable to the owners. 
A)  Agency is defined by the delineation between internal and external stakeholders of a company. 
B)  Agency refers to the ethics of price fixing and price gouging. 
C)  Agency deals with executives and employees acting as proxies for the owners of the business. 
D)  Agency is associated with the stockholders of a firm being answerable to the owners.

Question 2

Which of the following examples would be placed in quadrant III of the business tradeoff framework-bad for business and ethically problematic?

Accepted Answer

A)  Check cashing companies offer high-cost loans to low-income customers. 
B)  Upon discovering one of its garment factories used low-paid child labor, Walmart moved production and paid higher wages to adult laborers. 
C)  Volkswagen reduced its workforce without layoffs. 
D)  Oil Chem dumped millions of gallons of liquid landfill into sewers in Flint, Michigan. 
A)  Check cashing companies offer high-cost loans to low-income customers. 
B)  Upon discovering one of its garment factories used low-paid child labor, Walmart moved production and paid higher wages to adult laborers. 
C)  Volkswagen reduced its workforce without layoffs. 
D)  Oil Chem dumped millions of gallons of liquid landfill into sewers in Flint, Michigan.

Question 3

For business executives and firm managers, many of their ethical temptations arise from

Accepted Answer

A)  a conflict between their roles as agents of the business and their own personal ethical values 
B)  a conflict between what is good for the shareholders versus other stakeholders of the business 
C)  a conflict between balancing work life and family life 
D)  ensuring a fair balance between employee morale and productivity 
A)  a conflict between their roles as agents of the business and their own personal ethical values 
B)  a conflict between what is good for the shareholders versus other stakeholders of the business 
C)  a conflict between balancing work life and family life 
D)  ensuring a fair balance between employee morale and productivity

Question 4

Fifty-year-old Katya enjoys good health and exercises frequently. She appreciates that she is physically able to play tennis with her friends, takes few medications, and pays a lower-than-average premium for her life insurance. Which of the following statements most accurately describes this example?

Accepted Answer

A)  Good health is intrinsic, but not instrumental. 
B)  Good health is instrumental, but not intrinsic. 
C)  Good health is both intrinsic and instrumental. 
D)  Good health is neither intrinsic nor instrumental. 
A)  Good health is intrinsic, but not instrumental. 
B)  Good health is instrumental, but not intrinsic. 
C)  Good health is both intrinsic and instrumental. 
D)  Good health is neither intrinsic nor instrumental.

Question 5

Which of the following most appropriately describes the benefits of an ecologically sustainable world?

Accepted Answer

A)  It will help businesses increase their profitability and bottom line for shareholders. 
B)  It represents an ultimate moral end, as it is good in and of itself. 
C)  It will allow the use of fossil fuels for a longer period of time. 
D)  It will solve any future global energy crisis. 
A)  It will help businesses increase their profitability and bottom line for shareholders. 
B)  It represents an ultimate moral end, as it is good in and of itself. 
C)  It will allow the use of fossil fuels for a longer period of time. 
D)  It will solve any future global energy crisis.

Question 6

Evaluating What's Wrong About Harassment
The charges against Harvey Weinstein and other powerful men shocked many and, as the chapter indicates, sparked the "Me Too" movement. Without ignoring your own emotional reaction to what occurred, assess what was problematic about Weinstein's conduct from a philosophical approach to business ethics. Drawing on the DRAFT model, apply specific criteria embedded in the DRAFT model to assess these sexual harassment issues. Going further, do the actions of Weinstein and others also fail to stand up to ethical analysis under a pragmatic approach? Why or why not?

Accepted Answer

Based on the philosophical approach to b

Question 7

Many firms have a mission statement that contains which of the following?

Accepted Answer

A)  an ethical guide to all scenarios that an employee may encounter 
B)  a guide to ensuring the company avoids prosecution 
C)  clearly defined principles of conduct that define right and wrong behavior 
D)  a guide to illegal versus unethical behavior 
A)  an ethical guide to all scenarios that an employee may encounter 
B)  a guide to ensuring the company avoids prosecution 
C)  clearly defined principles of conduct that define right and wrong behavior 
D)  a guide to illegal versus unethical behavior

Question 8

The target for the philosophical approach to business ethics is

Accepted Answer

A)  attempting to maintain compliance and avoiding harm 
B)  happiness, fulfillment, and doing good 
C)  to enhance the organization's public image 
D)  to achieve personal gain through benevolence 
A)  attempting to maintain compliance and avoiding harm 
B)  happiness, fulfillment, and doing good 
C)  to enhance the organization's public image 
D)  to achieve personal gain through benevolence

Question 9

If Adam Neumann had decided to share voting power in WeWork, one could categorize his decision as

Accepted Answer

A)  mostly about his desire to stay out of jail 
B)  an example of the third domain of human action 
C)  complying with a regulation of the Securities and Exchange Commission 
D)  a means for sharing responsibility for the governance of the organization and deflecting personal blame 
A)  mostly about his desire to stay out of jail 
B)  an example of the third domain of human action 
C)  complying with a regulation of the Securities and Exchange Commission 
D)  a means for sharing responsibility for the governance of the organization and deflecting personal blame

Question 10

The idea of avoiding ethical harm

Accepted Answer

A)  has been central to philosophers since the dawn of civilization 
B)  has been studied by scholars, executives, and policy makers for much of the twentieth century 
C)  has become purely the domain of industry and practitioners 
D)  has become solely the domain of academia and scholarly research 
A)  has been central to philosophers since the dawn of civilization 
B)  has been studied by scholars, executives, and policy makers for much of the twentieth century 
C)  has become purely the domain of industry and practitioners 
D)  has become solely the domain of academia and scholarly research

Question 11

Which of the following represents the most likely reason that people like Harvey Weinstein are able to perpetrate their acts?

Accepted Answer

A)  Because people in lower positions are afraid of potential damage to their careers if they stand up for themselves. 
B)  Because people in positions of power are above the law and face no repercussions for their actions. 
C)  Because accusers often make baseless accusations in order to try to enrich themselves. 
D)  Because accusers don't keep the necessary documentation and records to prevail in court. 
A)  Because people in lower positions are afraid of potential damage to their careers if they stand up for themselves. 
B)  Because people in positions of power are above the law and face no repercussions for their actions. 
C)  Because accusers often make baseless accusations in order to try to enrich themselves. 
D)  Because accusers don't keep the necessary documentation and records to prevail in court.

Question 12

In the context of the business and ethics trade-off framework, moral creativity

Accepted Answer

A)  speaks to an employee's ability to be morally creative when faced with an ethical dilemma 
B)  speaks to a professional's ability to find a solution that resolves the temptation by finding a way to move the decision into either quadrant two or three 
C)  is seldom employed or shown by executives, as their focus is typically on self-enrichment 
D)  can be enforced by state and federal laws 
A)  speaks to an employee's ability to be morally creative when faced with an ethical dilemma 
B)  speaks to a professional's ability to find a solution that resolves the temptation by finding a way to move the decision into either quadrant two or three 
C)  is seldom employed or shown by executives, as their focus is typically on self-enrichment 
D)  can be enforced by state and federal laws

Question 13

Which of the following represents a compelling reason to study business ethics in college?

Accepted Answer

A)  to learn how to avoid getting caught or going to jail for misconduct in business 
B)  to learn how the role of business ethics in one's life can better prepare him or her for a successful career 
C)  to understand how to increase the profitability of his or her firm legally 
D)  to learn about how people got caught for misconduct in business and how to avoid those strategies 
A)  to learn how to avoid getting caught or going to jail for misconduct in business 
B)  to learn how the role of business ethics in one's life can better prepare him or her for a successful career 
C)  to understand how to increase the profitability of his or her firm legally 
D)  to learn about how people got caught for misconduct in business and how to avoid those strategies

Question 14

The DfG (Days for Girls) POD (Portable Object of Dignity) created by Celeste Mergens

Accepted Answer

A)  helped to empower girls by putting them out in the community and removing a substantial barrier to education 
B)  caused problems due to landfills not having the capacity to process the waste 
C)  unfortunately turned out to be overly expensive to produce 
D)  is a patented, cloth-based, one-time-use set of absorbent pads for females 
A)  helped to empower girls by putting them out in the community and removing a substantial barrier to education 
B)  caused problems due to landfills not having the capacity to process the waste 
C)  unfortunately turned out to be overly expensive to produce 
D)  is a patented, cloth-based, one-time-use set of absorbent pads for females

Question 15

A key difference between the pragmatic and philosophical approaches to business ethics is that

Accepted Answer

A)  the pragmatic approach views ethical rewards as driving positive ethical behavior 
B)  the philosophical approach views sanctions and rules as ensuring ethical behavior 
C)  the philosophical approach views intrinsic rewards and self-control as the facilitators of positive ethical behavior 
D)  the pragmatic approach focuses on internal control and strict punishments to facilitate ethical behavior 
A)  the pragmatic approach views ethical rewards as driving positive ethical behavior 
B)  the philosophical approach views sanctions and rules as ensuring ethical behavior 
C)  the philosophical approach views intrinsic rewards and self-control as the facilitators of positive ethical behavior 
D)  the pragmatic approach focuses on internal control and strict punishments to facilitate ethical behavior

Question 16

The business and ethics trade-off framework can be used to

Accepted Answer

A)  determine if an action is ethically correct and is good for the business 
B)  help employees determine the right time to leave a job 
C)  prosecute executives who are caught committing fraud 
D)  ensure fair and equitable pay and working conditions for all employees 
A)  determine if an action is ethically correct and is good for the business 
B)  help employees determine the right time to leave a job 
C)  prosecute executives who are caught committing fraud 
D)  ensure fair and equitable pay and working conditions for all employees

Question 17

A pragmatic approach to fundamental governance mechanisms

Accepted Answer

A)  deals with principles and intrinsic rewards 
B)  speaks to the expression of positive ethical behaviors 
C)  deals with rules and sanctions and external control to counter incentives for unethical behavior 
D)  speaks to constrained business agents acting in the face of incentives that limit moral choices 
A)  deals with principles and intrinsic rewards 
B)  speaks to the expression of positive ethical behaviors 
C)  deals with rules and sanctions and external control to counter incentives for unethical behavior 
D)  speaks to constrained business agents acting in the face of incentives that limit moral choices

Question 18

Mark Eberhard's decision to found Tesla Motors rather than buying a sports car after his divorce is an example of

Accepted Answer

A)  duress under contract law 
B)  avoiding harm 
C)  choice 
D)  coercion 
A)  duress under contract law 
B)  avoiding harm 
C)  choice 
D)  coercion

Question 19

Which of the following statements is correct regarding the two ethical challenges in business?

Accepted Answer

A)  Both types of ethical challenges are easily overcome if an individual reasons to act morally in all situations. 
B)  Temptations force individuals to choose between right and wrong actions, and dilemmas require an individual to choose between two right actions or two wrong actions. 
C)  Dilemmas force individuals to make a choice, and temptations require individuals to make a choice. 
D)  Ethical dilemmas in business can be avoided on all occasions if the individual resolves to always put the firm's interests before his or hers. 
A)  Both types of ethical challenges are easily overcome if an individual reasons to act morally in all situations. 
B)  Temptations force individuals to choose between right and wrong actions, and dilemmas require an individual to choose between two right actions or two wrong actions. 
C)  Dilemmas force individuals to make a choice, and temptations require individuals to make a choice. 
D)  Ethical dilemmas in business can be avoided on all occasions if the individual resolves to always put the firm's interests before his or hers.

Question 20

You are the executive director a food bank in your local area. As a charitable organization, you are not required to pay taxes. As such, you have all of the following fiduciary duties EXCEPT

Accepted Answer

A)  to act in good faith and in a manner that you reasonably believe is in the best interest of the organization 
B)  to avoid untoward risk or potential harm to the interests of the principal 
C)  to ensure the organization conforms to the purposes that allow the organization its tax-exempt status from the IRS 
D)  to act in ways that demonstrate loyalty to the organization over individual interests 
A)  to act in good faith and in a manner that you reasonably believe is in the best interest of the organization 
B)  to avoid untoward risk or potential harm to the interests of the principal 
C)  to ensure the organization conforms to the purposes that allow the organization its tax-exempt status from the IRS 
D)  to act in ways that demonstrate loyalty to the organization over individual interests

Which of the following most accurately describes the concept of agency?

Which of the following examples would be placed in quadrant III of the business tradeoff framework-bad for business and ethically problematic?

For business executives and firm managers, many of their ethical temptations arise from

Which of the following most appropriately describes the benefits of an ecologically sustainable world?

Many firms have a mission statement that contains which of the following?

The target for the philosophical approach to business ethics is

If Adam Neumann had decided to share voting power in WeWork, one could categorize his decision as

The idea of avoiding ethical harm

Which of the following represents the most likely reason that people like Harvey Weinstein are able to perpetrate their acts?

In the context of the business and ethics trade-off framework, moral creativity

Which of the following represents a compelling reason to study business ethics in college?

The DfG (Days for Girls) POD (Portable Object of Dignity) created by Celeste Mergens

A key difference between the pragmatic and philosophical approaches to business ethics is that

The business and ethics trade-off framework can be used to

A pragmatic approach to fundamental governance mechanisms

Mark Eberhard's decision to found Tesla Motors rather than buying a sports car after his divorce is an example of

Which of the following statements is correct regarding the two ethical challenges in business?

You are the executive director a food bank in your local area. As a charitable organization, you are not required to pay taxes. As such, you have all of the following fiduciary duties EXCEPT

Theories of Morality and Business Ethics

Living a Great Life: Perma, Mission, and Ethical Decision Making

Corporate Organization and the Role of Stakeholders

Ethics and Compliance in the Corporation

Culture Matters

Ethics in a Global Society and Economy

Power and Its Uses

Conflict of Interest

Bribery and Corruption

Integrity and Mercy

Corporate Social Responsibility and Social Entrepreneurship

Ethics and Technology: Issues for the Twenty-First Century

Ethics and a Market Economy

Filters

Exam 1: Introduction: Why Study Business Ethics

Which of the following most accurately describes the concept of agency?

Which of the following examples would be placed in quadrant III of the business tradeoff framework-bad for business and ethically problematic?

For business executives and firm managers, many of their ethical temptations arise from

Which of the following most appropriately describes the benefits of an ecologically sustainable world?

Many firms have a mission statement that contains which of the following?

The target for the philosophical approach to business ethics is

If Adam Neumann had decided to share voting power in WeWork, one could categorize his decision as

The idea of avoiding ethical harm

Which of the following represents the most likely reason that people like Harvey Weinstein are able to perpetrate their acts?

In the context of the business and ethics trade-off framework, moral creativity

Which of the following represents a compelling reason to study business ethics in college?

The DfG (Days for Girls) POD (Portable Object of Dignity) created by Celeste Mergens

A key difference between the pragmatic and philosophical approaches to business ethics is that

The business and ethics trade-off framework can be used to

A pragmatic approach to fundamental governance mechanisms

Mark Eberhard's decision to found Tesla Motors rather than buying a sports car after his divorce is an example of

Which of the following statements is correct regarding the two ethical challenges in business?

You are the executive director a food bank in your local area. As a charitable organization, you are not required to pay taxes. As such, you have all of the following fiduciary duties EXCEPT

Theories of Morality and Business Ethics

Living a Great Life: Perma, Mission, and Ethical Decision Making

Corporate Organization and the Role of Stakeholders

Ethics and Compliance in the Corporation

Culture Matters

Ethics in a Global Society and Economy

Power and Its Uses

Conflict of Interest

Bribery and Corruption

Integrity and Mercy

Corporate Social Responsibility and Social Entrepreneurship

Ethics and Technology: Issues for the Twenty-First Century

Ethics and a Market Economy

Filters