Deck 1: Introducing Business

Question 1

Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.

A) Value, Subjectively, Organizations
B) Value, Objectively, Actors
C) Economic, Objectively, Actors
D) Economic, Subjectively, Organizations

Answer 1

B

Question 2

Which of the following statements regarding morality and ethics are correct?
1) Morality is concerned with norms, values and beliefs embedded in social processes
2) Ethics define what is right and wrong for an individual or community
3) Morality is concerned with the study of ethics and the application of reason to elucidate specific rules and principles
4) Ethical theories are the codification of rules and principles

A) 1,4
B) 1,3
C) 1,2,3
D) 1,2,3,4

Answer 2

A

Question 3

Which of the three following factors characterise public sector organisations engagement with ethical issues?

A) Informal organisational structure, Accountability to general public, Focus on employee and community issues
B) Formal organisational structure, Accountability to shareholders, Focus on employee and community issues
C) Informal organisational structure, Accountability to Shareholders, Focus on conflict of interests
D) Formal organisational structure, Accountability to general public, Focus on conflict of interests

Answer 3

D

Question 4

The following sentence describes the relationship between morality, ethics and ethical theory. Fill in the missing word. Ethics rationalizes morality to produce ethical _______ that can be applied to any situation.

Question 5

An information and mobile technology company might call itself ethical because it... Please select all that apply.

A) Ensures that its pricing practices are fair
B) Protects children from harmful materials
C) Provides philanthropic support for related causes (e.g. human rights).
D) Manages and reduces its carbon emissions

Question 6

Match the different types of organization with their different approaches to managing ethics.
-Large corporation

A) Formal, public-relations and/or systems-based
B) Informal, trust-based
C) Informal, values-based
D) Formal, bureaucratic

Question 7

Match the different types of organization with their different approaches to managing ethics.
-Small business

A) Formal, public-relations and/or systems-based
B) Informal, trust-based
C) Informal, values-based
D) Formal, bureaucratic

Question 8

Match the different types of organization with their different approaches to managing ethics.
-Civil society organization

A) Formal, public-relations and/or systems-based
B) Informal, trust-based
C) Informal, values-based
D) Formal, bureaucratic

Question 9

Match the different types of organization with their different approaches to managing ethics.
-Public sector organization

A) Formal, public-relations and/or systems-based
B) Informal, trust-based
C) Informal, values-based
D) Formal, bureaucratic

Question 10

According to Crane et al, globalization as defined in terms of the deterritorialization of economic activities is particularly relevant for business ethics, and this is evident in three areas - culture, law, and ______________.

Question 11

There are clear regional differences in business ethics. Read the following statements carefully and decide which of the following is correct.

A) In North America, the key actors in business ethics are government, trade unions and corporate associations. In Europe it is government and corporations, while in Asia it is the corporation.
B) Key issues in business ethics in Asia are corporate governance and accountability. In North America they are misconduct and immorality in single decision situations. In Europe, key issues in business ethics are social issues in organizing the framework of business.
C) In North America, the individual is responsible for ethical conduct in business, while in Asia it is social control by the collective and in Europe the responsibility lies with top management.
D) In North America, a formalized multiple stakeholder approach is the dominant perspective on stakeholder management. Asia focuses on shareholder value, while Europe tends to take an implicit multiple stakeholder and benign managerialism approach.

Question 12

Which of the following statements regarding stakeholder management approaches are incorrect?
1)North American corporations tend to be smaller than their European counterparts and focus more on multiple stakeholders
2)European, African and Asian models of capitalism tend to not be so dominated by shareholder value maximization compared to the North American approach
3)North American companies and often managed by large executive and supervisory boards
4)The Calvinist-Protestant religious tradition in Europe led to the rise of a distinctly different capitalist economic system.

A) 1,3,4
B) 2,3,4
C) 1,2,3
D) 1,2,3,4

Question 13

Crane et al point out that inequality has become a major concern. Which is not a commonly discussed way in which firms may be part of the solution?

A) The financial services industry may need substantial reform to restrict market agents.
B) Lobbying may need to be curtailed,
C) Firms might have to donate their profits.
D) Firms may need to cooperate with a strengthening of labour rights.

Question 14

The key issue in the social perspective on sustainability is that of social justice.

Question 15

The collective action problem where multiple firms chase elusive advantage in exploiting employees, degrading the environment, and pressuring developing countries to weaken regulation and lower tax rates is often called _______.

A) The globalization effect
B) National competitiveness.
C) The race to the bottom
D) The traditional market at work.

Question 16

The on-going integration of political, social and economic interactions at the transnational level, regardless of physical proximity or distance, is often called _______.

Question 17

Match the different regions to their approach towards business ethics
-North America

A) Loose institutional framework of business ethics with key actor tending to be the corporation
B) Dense network of regulation with key actors being governments, trade unions and corporate associations
C) Key actor often third sector organizations which incentivize and organize ethical initiatives by businesses

Question 18

Match the different regions to their approach towards business ethics
-Europe

A) Loose institutional framework of business ethics with key actor tending to be the corporation
B) Dense network of regulation with key actors being governments, trade unions and corporate associations
C) Key actor often third sector organizations which incentivize and organize ethical initiatives by businesses

Question 19

Match the different regions to their approach towards business ethics
-Latin America

A) Loose institutional framework of business ethics with key actor tending to be the corporation
B) Dense network of regulation with key actors being governments, trade unions and corporate associations
C) Key actor often third sector organizations which incentivize and organize ethical initiatives by businesses

Question 20

What of the following does the term of sustainability typically denote? Please select all that apply.

A) The concept of system maintenance.
B) Intergenerational equity
C) Placing environment needs over human needs.
D) Business must pursue environmental and social goals in addition to economic goals.