Business Ethics Q and A PDF

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Business Ethics Q & A Week 1

Question 1

Our relationship with the law is best described by which of the following? Selected Answer:

To a significant extent, law codifies a society's customs, norms, and moral values.

Correct Answer:

To a significant extent, law codifies a society's customs, norms, and moral values.

Question 2

A proper perspective of religion and morality is Selected Answer:

it's not true that morality must be based on religion

Correct Answer:

it's not true that morality must be based on religion

Question 3

The divine command theory implies that Selected Answer:

stealing is wrong only because God commands us not to steal.

Correct Answer:

stealing is wrong only because God commands us not to steal.

Question 4

Ethical relativism supports the theory that Selected Answer:

what is morally right is what society says is morally right.

Correct Answer:

what is morally right is what society says is morally right.

Question 5

The following is a logical fact. Selected Answer: Correct

All sound arguments are valid arguments. All sound arguments are valid

Business Ethics Q & A

Answer:

arguments.

Week-2 Pretest Question 1 If you adopt ethical egoism as your moral code, then



Selected Answer:

you believe that it is morally right to do whatever promotes your self-interest.

Correct Answer:

you believe that it is morally right to do whatever promotes your self-interest.

Question 2 According to the utilitarian theory, an action is morally right if and only if



Selected Answer:

it maximizes total, net happiness.

Correct Answer:

it maximizes total, net happiness.

Question 3 The case of the "deathbed promise" shows that



Selected Answer:

utilitarianism may lead to conclusions that conflict with commonsense morality.

Correct Answer:

utilitarianism may lead to conclusions that conflict with commonsense morality.

Question 4 Supererogatory actions are Selected Answer:

actions that it would be good to do but not immoral not to do.

Correct Answer:

actions that it would be good to do but not immoral not to do.

Business Ethics Q & A

Question 5 A practical basis for discussing moral issues involves taking account of Selected Answer:

effects, ideals, and obligations.

Correct Answer:

effects, ideals, and obligations.

What is utilitarianism? Selected Answer: Response Feedback:

D. There is only one moral obligation. To maximize happiness for everyone. Correct! People who believe in utilitarianism feel personal happiness should be more important than all else.

Week-3 What is distributive justice? Selected Answer:

D. Proper distribution of social benefits and burdens.

Correct! People who believe in distributive justice believe in proper distribution of social benefits and burdens.

Who believes there shouldn't be a great disparity in income? Selected Answer:

B. Utilitarians

Business Ethics Q & A

Correct! Utilitarians believe financial disparity is directly related to happiness.

Pretest Question 1 According to libertarianism, Selected Answer:

it would be unjust to coerce people to give food or money to the starving.

Correct Answer:

it would be unjust to coerce people to give food or money to the starving.

Question 2 If libertarianism is true, which of these statements is true? Selected Answer:

We should have a "nightwatchman" state.

Correct Answer:

We should have a "nightwatchman" state.

Question 3 According to Locke, Selected Answer:

property is a moral right.

Correct Answer:

property is a moral right.

Question 4 The veil of ignorance assures us that people in the original position will be Selected

impartia

Business Ethics Q & A

Answer: Correct Answer:

l. impartia l.

Question 5 Who is more likely to be sympathetic with the idea of reducing the disparities of income in society? Selected Answer:

Utilitaria ns

Correct Answer:

Utilitaria ns

Selected Answer:

B. False

Correct! Libertarians believe market relations should be totally unrestricted.

Which is one of Rawls's two principles? Selected answer:

C. Each person has an equal right to a total system of equal basic liberties.

Correct! Each person has an equal right to a total system of equal basic liberties

What is entitlement theory? Selected Answer:

C. People are entitled to their holdings if they've been acquired fairly.

Business Ethics Q & A

Correct! People are entitled to their holdings if they've been acquired fairly.

Week 3 Quiz 

Question 1 If you adopt ethical egoism as your moral code, then



Selected Answer:

you believe that it is morally right to do whatever promotes your self-interest.

Correct Answer:

you believe that it is morally right to do whatever promotes your self-interest.

Question 2 Rule utilitarians



Selected Answer:

believe that the optimal moral code will not normally produce 100% compliance.

Correct Answer:

believe that the optimal moral code will not normally produce 100% compliance.

Question 3 Consequentialism



Selected Answer:

states that the moral rightness of an action is determined solely by its results.

Correct Answer:

states that the moral rightness of an action is determined solely by its results.

Question 4 Which of the following is true regarding Immanuel Kant’s beliefs? Selected Answer:

He believed that reason by itself can reveal the basic principles of morality.

Business Ethics Q & A

Correct Answer:



He believed that reason by itself can reveal the basic principles of morality.

Question 5 Which of the following statements is true regarding human rights?



Selected Answer:

Human rights are equal rights; if X is a human right, then everyone has this right.

Correct Answer:

Human rights are equal rights; if X is a human right, then everyone has this right.

Question 6 "If you want to go to law school, then you must take the LSAT exam." This statement is an example of



Selected Answer:

a hypothetical imperative.

Correct Answer:

a hypothetical imperative.

Question 7 Which of the following considerations about utilitarianism is correct?



Selected Answer:

Unlike Mill, Bentham was only concerned with the amount of pleasure that an action produces, not the quality of the pleasure.

Correct Answer:

Unlike Mill, Bentham was only concerned with the amount of pleasure that an action produces, not the quality of the pleasure.

Question 8 The statement that best defines rights is Selected Answer: Correct

a right is an entitlement to act or to have others act in a certain way. a right is an entitlement to act or to have others act in a

Business Ethics Q & A

Answer:



certain way.

Question 9 Utilitarianism is appealing as a standard for moral decision making in business. Which of the following provides a reason for this?



Selected Answer:

Utilitarianism provides an objective way of resolving conflicts of self-interest.

Correct Answer:

Utilitarianism provides an objective way of resolving conflicts of self-interest.

Question 10 A practical basis for discussing moral issues involves taking account of



Selected Answer:

effects, ideals, and obligations.

Correct Answer:

effects, ideals, and obligations.

Question 11 Utilitarians believe that



Selected Answer:

an action that leads to unhappiness is morally right if any other action that you could have performed instead would have brought about even more unhappiness.

Correct Answer:

an action that leads to unhappiness is morally right if any other action that you could have performed instead would have brought about even more unhappiness.

Question 12 Egoism as a psychological theory Selected Answer:

states that self-interest is the only thing that ever motivates anyone.

Business Ethics Q & A

Correct Answer:



states that self-interest is the only thing that ever motivates anyone.

Question 13 A key idea of Immanuel Kant's ethical theory is that:



Selected Answer:

we should treat people as ends in themselves, never merely as means.

Correct Answer:

we should treat people as ends in themselves, never merely as means.

Question 14 Which of the following is true regarding utilitarian beliefs?



Selected Answer:

Utilitarians wish to maximize happiness not simply immediately, but in the long run as well.

Correct Answer:

Utilitarians wish to maximize happiness not simply immediately, but in the long run as well.

Question 15 The only accurate statement about consequentalism is: Selected Answer:

Consequentialism says that the moral rightness of an action is determined solely by its results.

Correct Answer:

Consequentialism says that the moral rightness of an action is determined solely by its results.

Week 4 Quizes The code of ethics is the same for international businesses as it is for U.S. businesses? Selected Answer:

B. False

Business Ethics Q & A

Correct! Each country has its own set of rules, regulations, and laws that governs their companies. The U.S. based companies are mandated to comply to U.S. laws, even when operating internationally.

There is a "fair trade "relationship to sustainability. Selected Answer:

A. True

Correct! If sustainability is sought, fair trade is going to nurture that practice as well as solidify the relationships that contribute to sustainability.

Should ethics training be mandatory in corporations today? Selected Answer:

C. Yes, it protects the employees and the employer to a certain extent in possible future legal actions.

Correct! For legal reasons, that protects both the employee and the employer from future litigation in case of subsequent violations. The record would demonstrate that the employer provided training and that the employee should have known better. Are typical consumers willing to pay more for a product if the manufacturer is corporately responsible? B. No based upon historical data and statistics, the consumers primary concern is price. Correct! While the violation of social responsibility may be extremely negative and not popular at all, historical data shows that consumers are still led by their wallets, not their political or social beliefs. 

Question 1 A basic tenet of capitalism is that Selected Answer:

capitalism requires private ownership of the major means of production.

Business Ethics Q & A

Correct Answer:



capitalism requires private ownership of the major means of production.

Question 2 The concept of the "invisible hand" means



Selected Answer:

pursuit of private gain will bring the best overall results.

Correct Answer:

pursuit of private gain will bring the best overall results.

Question 3 Evidence for the idea that American manufacturing is declining is



Selected Answer:

the fact that government now employs more people than manufacturing.

Correct Answer:

the fact that government now employs more people than manufacturing.

Question 4 Which statement best describes capitalism?



Selected Answer:

Capitalism is an economic system that operates under the profit motive.

Correct Answer:

Capitalism is an economic system that operates under the profit motive.

Question 5 For the first time since the Industrial Revolution, less than 10 percent of the American workforce was employed by manufacturing.

Question 1 The statement that accurately describes corporations is

Business Ethics Q & A

Selected Answer:

corporate shareholders have limited liability for their debts.

Correct Answer:

corporate shareholders have limited liability for their debts.

Question 2 Corporations differ from partnerships and other forms of business association in two ways. One of these is that Selected Answer:

they must be publicly registered or in some way officially acknowledged by the law.

Correct Answer:

they must be publicly registered or in some way officially acknowledged by the law.

Question 3 Externalities are Selected Answer:

unintended sideeffects.

Correct Answer:

unintended sideeffects.

Question 4 The “rules of the game” for corporate work are intended to Selected Answer:

promote open and free competition.

Correct Answer:

promote open and free competition.

Question 5 Those with a broader view concerning business obligations believe that with power comes

Business Ethics Q & A

Selected Answer:

social responsibility.

Correct Answer:

social responsibility.

Week 4 Quiz 

Question 1 According to John Rawls, people in "the original position" choose the principles of justice on the basis of



Selected Answer:

selfinterest.

Correct Answer:

selfinterest.

Question 2 According to libertarianism,



Selected Answer:

it would be unjust to coerce people to give food or money to the starving.

Correct Answer:

it would be unjust to coerce people to give food or money to the starving.

Question 3 Talk of justice and injustice appeals to the related notions of



Selected Answer:

fairness, equality, desert

Correct Answer:

fairness, equality, desert

Question 4

Business Ethics Q & A Aristotle's formal principle of justice states,



Selected Answer:

similar cases must be treated alike except where there is some relevant difference.

Correct Answer:

similar cases must be treated alike except where there is some relevant difference.

Question 5 In Nozick’s example of Wilt Chamberlain, he argues that other theories of economic justice inevitably fail to respect people’s



Selected Answer:

y.

Correct Answer:

y.

libert

libert

Question 6 The difference principle of Rawls states



Selected Answer:

inequalities are only justified if they benefit the least advantaged.

Correct Answer:

inequalities are only justified if they benefit the least advantaged.

Question 7 From John Stuart Mill’s viewpoint,



Selected Answer:

questions of morality form a subset of questions of justice.

Correct Answer:

not every issue of social utility was a matter of justice.

Question 8 What philosopher believes the maximin rule is relevant to justice?

Business Ethics Q & A



Selected Answer:

John Rawls

Correct Answer:

John Rawls

Question 9 According to John Rawls,



Selected Answer:

people in the original position choose the principles on the basis of self-interest.

Correct Answer:

people in the original position choose the principles on the basis of self-interest.

Question 10 To the libertarians, their concept of liberty includes a commitment to



Selected Answer:

private property.

Correct Answer:

private property.

Question 11 In association with labor and capital, Mill had contrasting views of



Selected Answer:

profit sharing.

Correct Answer:

profit sharing.

Question 12 The veil of ignorance assures us that people in the original position will be Selected Answer:

imparti al.

Business Ethics Q & A

Correct Answer:



imparti al.

Question 13 According to Locke,



Selected Answer:

property is a moral right.

Correct Answer:

property is a moral right.

Question 14 Primary social goods include Selected Answer: Correct Answer:



statu s. statu s.

Question 15 Eminent domain is the ancient right of government to take what from an individual? Selected Answer:

y

Correct Answer:

y

propert

propert

Week-5 Q & A In the absence of common sense, corporations can be held responsible for consumer’s lack of proper use of their products. Selected Answer:

A. True

Business Ethics Q & A

Correct! After the landmark case of the McDonald's customer not realizing the coffee is indeed hot, the consumers are expected to exercise a certain modicum of common sense. However, beyond that, the corporations are held accountable.

Over the years, many corporations have been called out for their deceptive marketing practices. Even though consumers are more aware of this, marketing is still following deceptive practices. Selected Answer:

B. FALSE, regulations and guidelines are in place to prohibit deceptive marketing.

Correct! Years ago, the American Marketing Association put into place guidelines and regulations that protected the consumers from inappropriate marketing practices as well as preying on vulnerable groups.

Marketing and advertising is too invasive, for example, text messages on smartphones and mailing lists shared without the consumers knowledge. Selected Answer:

B. False

Correct! This is not considered to be invasive if the consumer has the ability and right to opt out of receiving the messages or texts. This is very much like receiving junk mail at your resid...