Question 1

In 2007,Dole was sued by a group of its employees for:

Accepted Answer

A) Low wages 
B) Age Discrimination 
C) Bribery 
D) Sex discrimination 
E) Ignoring safety recommendations in their use of pesticides 
A) Low wages 
B) Age Discrimination 
C) Bribery 
D) Sex discrimination 
E) Ignoring safety recommendations in their use of pesticides E

Question 2

Employees are not stakeholders of a business.

Accepted Answer

A) True 
 B)False  False

Question 3

Environmental Concerns.Connie,the president of a company that makes paper,has a new interest in the environment.She recently went to a seminar on environmental dangers and has decided to take steps to clean things up.She started at home and was also committed to change things at work.Connie had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river.Her company has never been cited,however,because it employs a very large number of people in the community,including the mayor's wife and the chief-of-police's brother.On her mission to clean things up,Connie has decided to go even further than the law requires and install the very latest environmental protections.When she announced her plan,the chair of the company's board of directors,Brooke,had a meeting with Connie.Brooke told Connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees.Furthermore,Brooke told Connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition.Brooke hinted that Connie could be fired if she persisted.Brooke suggested that Connie just be concerned with a minimal standard of ethics.Which of the following would be a stakeholder in the company?

Accepted Answer

A) The community only 
B) The shareholders only 
C) Future generations only 
D) The community and shareholders only 
E) The community,shareholders,and future generations 
A) The community only 
B) The shareholders only 
C) Future generations only 
D) The community and shareholders only 
E) The community,shareholders,and future generations E

Question 4

Explain the WH process of ethical decision-making.

Accepted Answer

With regard to the WH framework,students

Question 5

If we consider what the world would be like if a decision is copied by everyone else,we would be using which of the following ethical guidelines?

Accepted Answer

A) The Golden Rule 
B) The universalization test 
C) The public disclosure test 
D) The television test 
E) The ethical plagiarism standard 
A) The Golden Rule 
B) The universalization test 
C) The public disclosure test 
D) The television test 
E) The ethical plagiarism standard

Question 6

The "W" in the WH process of ethical decision making stands for:

Accepted Answer

A) Why 
B) When 
C) Where 
D) Wherewithal 
E) Who 
A) Why 
B) When 
C) Where 
D) Wherewithal 
E) Who

Question 7

An ethical ________ is a problem about what a firm should do for which no clear,right decision is available.

Accepted Answer

A) construct 
B) postulate 
C) standard 
D) dilemma 
E) hypothesis 
A) construct 
B) postulate 
C) standard 
D) dilemma 
E) hypothesis

Question 8

Environmental Concerns.Connie,the president of a company that makes paper,has a new interest in the environment.She recently went to a seminar on environmental dangers and has decided to take steps to clean things up.She started at home and was also committed to change things at work.Connie had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river.Her company has never been cited,however,because it employs a very large number of people in the community,including the mayor's wife and the chief-of-police's brother.On her mission to clean things up,Connie has decided to go even further than the law requires and install the very latest environmental protections.When she announced her plan,the chair of the company's board of directors,Brooke,had a meeting with Connie.Brooke told Connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees.Furthermore,Brooke told Connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition.Brooke hinted that Connie could be fired if she persisted.Brooke suggested that Connie just be concerned with a minimal standard of ethics.Which of the following is the minimal standard that a business must meet in a consideration of business ethics?

Accepted Answer

A) Decisions must be legal. 
B) Decisions must meet the criteria of a follower of the WPH Framework for Business Ethics. 
C) Decisions must meet the requirements of the most important stakeholders. 
D) Decisions must receive a majority vote of acceptance by employees. 
E) Both that decisions must be legal and that decisions receive a majority vote of acceptance by employees. 
A) Decisions must be legal. 
B) Decisions must meet the criteria of a follower of the WPH Framework for Business Ethics. 
C) Decisions must meet the requirements of the most important stakeholders. 
D) Decisions must receive a majority vote of acceptance by employees. 
E) Both that decisions must be legal and that decisions receive a majority vote of acceptance by employees.

Question 9

The idea that we should interact with other people in a manner consistent with the manner in which we would like for them to interact with us is called the ________.

Accepted Answer

A) Purpose-Driven Life Rule 
B) Ethical Self-Actualization Rule 
C) Eighth Commandment of the Ten Commandments 
D) Golden Rule 
E) Ninth Commandment of the Ten Commandments 
A) Purpose-Driven Life Rule 
B) Ethical Self-Actualization Rule 
C) Eighth Commandment of the Ten Commandments 
D) Golden Rule 
E) Ninth Commandment of the Ten Commandments

Question 10

Business ethics refers to standards of business conduct,not a set of correct decisions.

Accepted Answer

A) True 
 B)False

Question 11

Environmental Concerns.Connie,the president of a company that makes paper,has a new interest in the environment.She recently went to a seminar on environmental dangers and has decided to take steps to clean things up.She started at home and was also committed to change things at work.Connie had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river.Her company has never been cited,however,because it employs a very large number of people in the community,including the mayor's wife and the chief-of-police's brother.On her mission to clean things up,Connie has decided to go even further than the law requires and install the very latest environmental protections.When she announced her plan,the chair of the company's board of directors,Brooke,had a meeting with Connie.Brooke told Connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees.Furthermore,Brooke told Connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition.Brooke hinted that Connie could be fired if she persisted.Brooke suggested that Connie just be concerned with a minimal standard of ethics.Connie,however,decides to go forward with her plan to clean things up under the theory that she wants to treat others in the same manner that she wants to be treated.Under Connie's theory,if she did not understand the importance of the environmental improvements,she would want them to be thrust upon her.Connie's idea is best referred to as the ________.

Accepted Answer

A) Golden Rule 
B) public disclosure test 
C) universalization test 
D) Sarbanes-Oxley Rule 
E) television test 
A) Golden Rule 
B) public disclosure test 
C) universalization test 
D) Sarbanes-Oxley Rule 
E) television test

Question 12

Ethical standards are uniform globally.

Accepted Answer

A) True 
 B)False

Question 13

The "public disclosure" test is also known as the ________.

Accepted Answer

A) television test 
B) universalization test 
C) Golden Rule 
D) Biden Rule 
E) means test 
A) television test 
B) universalization test 
C) Golden Rule 
D) Biden Rule 
E) means test

Question 14

A business decision cannot be legal but unethical.

Accepted Answer

A) True 
 B)False

Question 15

Ethics is the study and practice of decisions that meet,but do not exceed,minimum standards of behavior prescribed by law.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is an example of the primary value of freedom?

Accepted Answer

A) To be safe from those wishing to interfere with your property rights 
B) To possess the capacity or resources to act as one wishes 
C) To provide resources in proportion to need 
D) To maximize the amount of wealth in society 
E) To get the most from a particular output 
A) To be safe from those wishing to interfere with your property rights 
B) To possess the capacity or resources to act as one wishes 
C) To provide resources in proportion to need 
D) To maximize the amount of wealth in society 
E) To get the most from a particular output

Question 17

Which of the following is an incorrect statement regarding values?

Accepted Answer

A) Values are positive abstractions. 
B) Values capture our sense of what is good or desirable. 
C) Values come from the interplay of ethics. 
D) Values are ideas that underlie conversations about business ethics. 
E) Values represent our understanding of the purposes we will fulfill by making particular decisions. 
A) Values are positive abstractions. 
B) Values capture our sense of what is good or desirable. 
C) Values come from the interplay of ethics. 
D) Values are ideas that underlie conversations about business ethics. 
E) Values represent our understanding of the purposes we will fulfill by making particular decisions.

Question 18

Business managers should make sure they consider all relevant stakeholders when they engage in ethical reasoning.

Accepted Answer

A) True 
 B)False

Question 19

An ethical dilemma is a problem about what a firm should do for which no clear,right decision is available.

Accepted Answer

A) True 
 B)False

Question 20

We derive our ethics from the interplay of values.

Accepted Answer

A) True 
 B)False

Exam 2: Business Ethics and Social Responsibility

In 2007,Dole was sued by a group of its employees for:

Employees are not stakeholders of a business.

Explain the WH process of ethical decision-making.

If we consider what the world would be like if a decision is copied by everyone else,we would be using which of the following ethical guidelines?

The "W" in the WH process of ethical decision making stands for:

An ethical ________ is a problem about what a firm should do for which no clear,right decision is available.

The idea that we should interact with other people in a manner consistent with the manner in which we would like for them to interact with us is called the ________.

Business ethics refers to standards of business conduct,not a set of correct decisions.

Ethical standards are uniform globally.

The "public disclosure" test is also known as the ________.

A business decision cannot be legal but unethical.

Ethics is the study and practice of decisions that meet,but do not exceed,minimum standards of behavior prescribed by law.

Which of the following is an example of the primary value of freedom?

Which of the following is an incorrect statement regarding values?

Business managers should make sure they consider all relevant stakeholders when they engage in ethical reasoning.

An ethical dilemma is a problem about what a firm should do for which no clear,right decision is available.

We derive our ethics from the interplay of values.

An Introduction to the Fundamentals of Dynamic Business Law

The Uslegal System and Alternative Dispute Resolution

Administrative Law

Constitutional Law

Criminal Law and Business

Tort Law

Real, Personal, and Intellectual Property

Introduction to Contracts and Agreement

Consideration

Capacity and Legality

Reality of Assent

Contracts in Writing and Third-Party Contracts

Discharge and Remedies

Formation and Performance of Sales and Lease Contracts

Sales and Lease Contracts: Performance, Warranties, and Remedies

Negotiable Instruments: Negotiability and Transferability

Holder in Due Course, Liability, and Defenses

Secured Transactions and Bankruptcy

Agency and Liability to Third Parties

Forms of Business Organization

Corporations: Formation and Organization

Securities Regulation

Employment and Discrimination Law

Consumer Law

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