Question 1

Which of the following statements best exemplifies how society as a whole benefits from ethical behavior?

Accepted Answer

A) Consumers are willing to pay more for a product they believe to be ethically produced. 
B) People feel better when they behave ethically. 
C) Unethical behavior can be very costly. 
D) Ethical behavior builds trust which is important in all of our relationships. 
A) Consumers are willing to pay more for a product they believe to be ethically produced. 
B) People feel better when they behave ethically. 
C) Unethical behavior can be very costly. 
D) Ethical behavior builds trust which is important in all of our relationships. D

Question 2

Unethical behavior is a bar to financial success.

Accepted Answer

A) True 
 B)False  False

Question 3

What is ethics?

Accepted Answer

A) Always telling the truth 
B) The study of how people should behave 
C) Following the law 
D) The rules by which you live your life 
A) Always telling the truth 
B) The study of how people should behave 
C) Following the law 
D) The rules by which you live your life B

Question 4

The goal of utilitarian ethics is to

Accepted Answer

A) establish rules for why certain behaviors are ethical. 
B) do the right thing,no matter the result. 
C) produce the greatest good for the greatest number of people. 
D) establish universal ethical rules that apply to all people. 
A) establish rules for why certain behaviors are ethical. 
B) do the right thing,no matter the result. 
C) produce the greatest good for the greatest number of people. 
D) establish universal ethical rules that apply to all people.

Question 5

Explain the meaning of the following ethics traps: rationalization,conformity,following orders,lost in a crowd,and blind spots.

Accepted Answer

Rationalization: When we do something wr

Question 6

Tianhui was recently hired as a sales representative by Oxtron,Inc.Before leaving on his first sales trip,a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase)their expense reports each month by 20%.Use utilitarian ethics to decide what Tianhui should do about the expense report he submits to Oxtron.

Accepted Answer

According to utilitarian ethics,Tianhui

Question 7

_______ is the belief that some acts are always right or always wrong,whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards.​

Accepted Answer

A) ​Moral universalism;moral relativism 
B) ​Moral relativism;moral universalism 
C) ​Utilitarianism;deontological ethics 
D) ​Deontological ethics;utilitarianism 
A) ​Moral universalism;moral relativism 
B) ​Moral relativism;moral universalism 
C) ​Utilitarianism;deontological ethics 
D) ​Deontological ethics;utilitarianism

Question 8

Immanuel Kant believed that the results of a decision are not as important as the reason for making it.This is the principle behind

Accepted Answer

A) utilitarian ethics. 
B) deontological ethics. 
C) Rawlsian justice. 
D) moral relativism. 
A) utilitarian ethics. 
B) deontological ethics. 
C) Rawlsian justice. 
D) moral relativism.

Question 9

How does unethical behavior in an organization affect its workforce?

Accepted Answer

A) It instills fear in employees making them more productive. 
B) It helps workers focus on the goal of profitability. 
C) It creates a workforce that is more informed and,therefore,motivated. 
D) It creates a workforce that is cynical and resentful. 
A) It instills fear in employees making them more productive. 
B) It helps workers focus on the goal of profitability. 
C) It creates a workforce that is more informed and,therefore,motivated. 
D) It creates a workforce that is cynical and resentful.

Question 10

Research indicates that consumers are willing to pay more for a product that they believe to be ethically produced.

Accepted Answer

A) True 
 B)False

Question 11

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?

Accepted Answer

A) John Rawls 
B) John Stuart Mill 
C) Immanuel Kant 
D) Milton Friedman 
A) John Rawls 
B) John Stuart Mill 
C) Immanuel Kant 
D) Milton Friedman

Question 12

Your co-worker,Bill,comes into the office and tells you that he is going to play "hooky" and go golfing,believing that the boss will think he is out calling on clients.When your boss comes in,he asks you where Bill is and you reply,"I saw him in the office earlier this morning,but I haven't seen him lately." What would Kant call this misleading statement?

Accepted Answer

A) a palter 
B) a categorical imperative 
C) a veil of ignorance 
D) an ethical omission 
A) a palter 
B) a categorical imperative 
C) a veil of ignorance 
D) an ethical omission

Question 13

Generally speaking,managers feel better about themselves when they behave ethically.

Accepted Answer

A) True 
 B)False

Question 14

John Johnson is a customer of company ABC.As such,John is a(n)

Accepted Answer

A) shareholder. 
B) customer and stakeholder. 
C) customer only. 
D) stakeholder only. 
A) shareholder. 
B) customer and stakeholder. 
C) customer only. 
D) stakeholder only.

Question 15

John Akers,former chairman of IBM,argued that ethics are not important to economic competitiveness.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is NOT a stakeholder?

Accepted Answer

A) a business competitor. 
B) shareholders. 
C) employees. 
D) customers. 
A) a business competitor. 
B) shareholders. 
C) employees. 
D) customers.

Question 17

What are Life Principles and what should one consider when developing his or her own Life Principles?

Accepted Answer

Life Principles are the rules by which p

Question 18

Dahlia is in the process of developing her set of Life Principles.She asks you for your advice.Which of the following statements will you tell Dahlia is important for her to follow when developing her Life Principles?

Accepted Answer

A) The focus of her Life Principles should reflect what the law says is "right" or "wrong." 
B) ​It is better to develop Life Principles that are general in nature rather than ones that are too specific. 
C) Her Life Principles should be based on her own values. 
D) Her Life Principles should be based on the moral standards dictated by society. 
A) The focus of her Life Principles should reflect what the law says is "right" or "wrong." 
B) ​It is better to develop Life Principles that are general in nature rather than ones that are too specific. 
C) Her Life Principles should be based on her own values. 
D) Her Life Principles should be based on the moral standards dictated by society.

Question 19

A company that engages in unethical behavior may suffer severe consequences.

Accepted Answer

A) True 
 B)False

Question 20

Life Principles are set by your parents and do not change over time.

Accepted Answer

A) True 
 B)False

Exam 2: Ethics and Corporate Social Responsibility

Which of the following statements best exemplifies how society as a whole benefits from ethical behavior?

Unethical behavior is a bar to financial success.

What is ethics?

The goal of utilitarian ethics is to

Explain the meaning of the following ethics traps: rationalization,conformity,following orders,lost in a crowd,and blind spots.

_______ is the belief that some acts are always right or always wrong,whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards.​

Immanuel Kant believed that the results of a decision are not as important as the reason for making it.This is the principle behind

How does unethical behavior in an organization affect its workforce?

Research indicates that consumers are willing to pay more for a product that they believe to be ethically produced.

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?

Generally speaking,managers feel better about themselves when they behave ethically.

John Johnson is a customer of company ABC.As such,John is a(n)

John Akers,former chairman of IBM,argued that ethics are not important to economic competitiveness.

Which of the following is NOT a stakeholder?

What are Life Principles and what should one consider when developing his or her own Life Principles?

Dahlia is in the process of developing her set of Life Principles.She asks you for your advice.Which of the following statements will you tell Dahlia is important for her to follow when developing her Life Principles?

A company that engages in unethical behavior may suffer severe consequences.

Life Principles are set by your parents and do not change over time.

Introduction to Law

International Law

Common Law, Statutory Law, and Administrative Law

Constitutional Law

Dispute Resolution

Crime

Intentional Torts and Business Torts

Negligence, Strict Liability, and Product Liability

Privacy and Internet Law

Introduction to Contracts

Agreement: Offers and Acceptances

Consideration

Legality

Voidable Contracts: Capacity and Consent

Written Contracts

Third Parties

Contract Termination

Remedies

Practical Contracts

Introduction to Sales

Ownership, Risk and Warranties

Performance and Remedies

Secured Transactions

Creating a Negotiable Instrument

Liability for Negotiable Instruments

Accountants Liability

Agency Law

Employment and Labor Law

Employment Discrimination

Starting a Business: Llcs and Other Options

Partnerships

Life and Death of a Corporation

Management Duties

Shareholder Rights

Bankruptcy

Securities Regulation

Antitrust

Consumer Protection

Environmental Law

Intellectual Property

Real Property and Landlord Tenant Law

Personal Property and Bailment

Planning for the Future: Wills, Trusts and Insurance

Filters

_ is the belief that some acts are always right or always wrong,whereas is the belief that a decision may be right even if it is not in keeping with our own ethical standards.