managerial ethics final
which of the following is an advantage of equity financing or funding policy to a company
shareholders cannot force company into bankruptcy if it fails to declare or give dividend
john rawl's theory of justice lays within which type of tradition
social contract
those with a broader view concerning business obligations believe that with power comes
social responsibility
consequentialism
states that the moral rightness of an action is determined solely by its results
though many jobs are outsourced, most economists believe
the economy will create new jobs
the six principles of the defense industry initiatives on business ethics and conduct became the foundation for
the federal sentencing guidelines for organizations
u.s. companies have a history of paying off foreign officials for business favors. such acts were declared illegal by
the foreign corrupt practices act (FCPA) of 1977
the "tragedy of the commons" is
the individual pursuit of self-interest can sometimes make everyone worse off
what is business ethics
the moral principles and standards that guide conducts in business
in consideration for the obligation to others
the u.s. uses more than its proportional share of the world's resources
a reason for studying business ethics is
to learn the approaches for resolving ethical issues
operation management is a _____ process
transformation
externalities are
unintended side-effects
utilitarianism is appealing as a standard for moral decision making in business. which of the following provides a reason for this
utilitarianism provides an objective way of resolving conflicts of self-interest
imagine a shoekeeper who is honest because being honest is good for business. when the shoekeeper refrains from cheating a customer, kant would say this action
was in accordance with duty, but not done from duty
a basic premise of adam smith is
we can secure what we need from others only by offering them something they need from us
when ethical relativism is put into practice, it implies that
we cannot say that slavery is wrong if the society in question believes it is right
which of the following is not an ethical issue in operation management
wealth measurement
in union terms, a direct strike occurs
when an organized body of workers withholds its labor to force the employer to comply with its demands
the most important issue is not where our moral principles came from, but
whether those moral principles can be justified
the most accurate statement about workplace safety is
workers are often unaware of the hazards they face on the job
douglas mcgregor rejects theory x, which holds that
workers essentially dislike work and will do everything they can to avoid it
if you adopt egoism as your moral code, then
you believe that it is morally right to do whatever promotes your best interest
which of the following is the u.s. government regulation on food safety
FDA
an ethical leader
a and b
which of the following can be used to describe accounting
a and b
"if you want to go to law school, then you must take the LSAT exam." this statement is an example of
a hypothetical imperative
a fact about job satisfaction is
a lack of job satisfaction can create mental health problems
which of the following is a drawback to the regulatory approach
a regulation can take away an industry's incentive to do more than the minimum
the statement that best defines rights is
a right is an entitlement to act of to have others act in a certain way
the ponzi scheme is an example of ethical misconduct in
accounting
business ethics is important in the following organizational performance(s)
all of the above
drug testing is mostly an issue for businesses with regards to
all of these aspects are a concern
as they try and fit into a work world dominate by white men, women and minorities can be disadvantaged by
all of these can be a disadvantage
utilitarians believe that
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
inside traders ordinarily, defend their actions by claiming that they don't injure
anyone
employers have the right to fire an employee who performs inadequately, but they should do so declared illegal by
as painlessly as possible
which of the following leadership models emphasizes ethics
authentic leadership
good moral judgements should be logical and
based on facts and acceptable moral standards
which of the following do proponents of the broader view of corporate social responsibility believe
businesses have other obligations besides making a profit
a "trade secret"
can be almost any information not generally known if it is valuable to its possessor and treated confidentially
morality and self-interest
can sometimes conflict
a basic tenet of capitalism is that
capitalism requires private ownership of the major means of prodcution
which of the following is not a principle of ethical leadership
challange others
corporations are limited-liability companies which means that
corporate shareholders are liable for corporate debts only up to the extent of their investments
out of these four, which one is the only correct statement concerning OSHA
critics call OSHA a "toothless tiger"
the concept of the "invisible hand" means
each person's private pursuit of wealth will result in the most beneficial overall organization and distribution of economic resources
many economists are concerned that the growing trade deficit makes the u.s. vulnerable to
economic extortion
according to the traditional law of agency, which statement is true
employees are under a legal obligation to act loyally and in good faith and to carry out lawful instructions
since congress passed the american with disabilities act in 1994,
employers must make "reasonable accommodations" for disabled workers
the federal sentencing guidelines for organization
encourages businesses to take preventive actions against ethical misconducts
which is not a reason why business ethics is important
ethical companies are more likely to achieve government funding and local funds
choose the statement that gives the most accurate description of etiquette
etiquette refers to any special code of social behavior or courtesy
the famous experiments by social psychologist soloman asch show
even temporary groups can pressure people to conform
the key moral ideal in promotion is
fairness
talk of justice and injustice typically focuses on
fairness, equality, desert, and rights
business has considered the environment to be
free and nearly limitless
one reason for believing that in practice capitalism fails to live up to its own ideal of competition is
government subsidies and protective tariffs
an exclusive focus on short-term performance
has helped to create a high-pressure environment conducive to fraud
which of the following is true regarding immanuel kant's beliefs
he believed that reason by itself can reveal the basic principles of morality
which of the following statements is true regarding human rights
human rights are equal rights; if x is a human right, then everyone has that right
the veil of ignorance demands people in the original position to be
impartial
conflicts of interest may exist when employees have financial investments
in suppliers, customers, or distributors with whom their organizations do business
company monitoring of employees often gathers personal information without
informed consent from employees
the term ecology refers to the science of the
interrelationships among organisms and their environments
the hiring process needs to include screening, testing, and
interviewing
_____ is a major ethical issue in market segmentation, targeting and positioning
invasion of privacy
the moral theorist william t. blackstone claims that the right to a livable environment
is a fundamental human right
of the four types of discharge, firing
is for-cause dismissal- the result of employee theft, gross insubordination, release of proprietary information, and so on
rawls rejects utilitarianism because
it might permit an unfair distribution of burdens and benefits
which of the following is true of a regulatory approach to environmental problems
it requires the EPA or other body to determine the most effective, feasible pollution-control technology for each different industry
if an argument is valid, then
its conclusion must be true, if its premises are
which of the following is an accurate statement about modifications to common law form the wagner act of 1935
its illegal to fire workers because of union membership
affirmative action, comparable worth, and sexual harassment are connected to
job discrimination
the process of motivating and influencing others to achieve organizational goals is
leadership
which of the following is one of the three arguments in favor of narrow corporate social responsibility discussed in this chapter
let-government-do-it
the process of dividing a market into distinct groups of buyers on the basis of needs, characteristics, or behavior who might require separate products or marketing mix is
market segmentation
the right to privacy of employees
may conflict with an organization's legitimate interests
rather than strong work ethic, a more commonly seen role is
me-first
which of the following historical stages of capitalism came first
mercantile
moral attitudes are best depicted by which of the following
moral standards typically concern behavior that can be of serious consequence to human welfare
opponents of comparable worth insist which one of these ideas supports their position
most women have freely chosen the lower paying occupations
which of the following is a true statement about the information gained from polygraph tests
not only should the organizations have job-related grounds for using the polygraph, but these must be compelling enough to justify violating the individual's privacy and psychic freedom
in contrast to traditional manufacturers, many companies have become hollow corporations who
outsource and likely produce only the package and the label
which of the following is a conclusion reached regarding childhood obesity
over the decades that childhood obesity has increased, so too has the amount of advertising
according to libertarianism
people should not attempt to coerce others
a common point of contention about corporations is
philosophers and business theorists disagree whether corporations are moral agents
"pollution permits" are an example of which of the following methods of achieving our environmental goals
pricing mechanisms
to the libertarians, their concept of liberty includes a commitment to
private property
the "rules of the game" for corporate work are intended to
promote open and free competition
all of the following are criticism leveled against marketing except
providing consumer with many product choices
according to mill's utilitarianism
rights are certain moral rules, the observance of which is of the utmost importance for the long-run, overall maximization of happiness
enron and arthur anderson scandal resulted in government imposing stricter regulations that included
sarbanes-oxley act
which act provides sweeping new legal protection for employees who report possible securities fraud, making it unlawful for companies to "discharge, demote, suspend, threaten, harass, or in any other manner discriminate against" them
sarbanes-oxley act of 2002
strong ethical leaders have a passion for all of the following except to
satisfy shareholders before other stakeholder groups