Business Ethics WK 1

All of the following are questions identified by Arthur Dorbin to resolve an ethical dilemma except: A. What do your feelings tell you? B. What are the alternatives? C. What are the facts? D. What will you think of yourself if you decide one thing or another?

B

The notion that anything that not specifically labeled as wrong must be okay provides an open invitation for the ethically challenged employer and employee, especially in the presence of __________ rewards for creativity within those newly expanded ethical limits. A. Implicit B. Explicit C. Undefined D. Large

B

Unethical corporate behavior could negatively impact employees due to ___________ A. Loss of stock value B. Loss of employment C. Poor service quality D. Loss of principle and interest payment

B

What is it that makes the study of ethics so complex? A. Constant change B. The grey area C. Differing religions D. Black and white decisions

B

When individuals share similar stands in a community, we can use the term ________ A. Moral system B. Value system C. Ethical system D. Instrumental system

B

__________ refers to a study of how people try to live their lives according to a standard of "right" or "wrong" behavior. A. Morality B. Ethics C. Virtuosity D. Philosophy

B

According to the text, which of the following is not an ethical cliche? A. Do what's legal B. Consult the company code of ethics C. Do what I do D. Do what you think is best

C

According to the theory of __________ the traditions of your society, your personal opinions and the circumstances of the present moment define your ethical principles. A. Ethics for the greater good B. Normative ethics C. Ethical relativism D. Utilitarianism

C

An ethical dilemma can be resolved in the sense that resolution of the problem provides a satisfactory answer to the problem.

False

"Do what is legal" is an ethical cliche.

True

An ethical dilemma occurs when there is no obvious right or wrong decision.

True

Applied ethics is the study of how ethical theories are put into practice.

True

Business ethics involve the application of standards of moral behavior to business situations.

True

The first step in resolving an ethical dilemma is to analyze the consequences.

True

The issue of corporate social responsibility has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities.

True

Which of the following is the lowest level of moral development? A. Pre-Conventional B. Conventional C. Post-Conventional D. Social contract

A

___________ is a particular set of attitudes, beliefs and practices that characterize a group of individuals. A. Culture B. Role C. Morals D. Norm

A

An Ethical __________ is a situation in which there is no obvious "right" or "wrong" decision, but rather a "right" or "right" answer. A. Choice B. Dilemma C. Impasse D. Preference

B

Business ethics can be approached using the _________ and _________ perspectives. A. Classical, modern B. Descriptive, normative C. Philosophical, realist D. Actual, hypothetical

B

The Greek philosopher Aristotle's belief in individual character and integrity established the concept of _________ A. Philosophical ethics B. Virtue ethics C. Moral ethics D. Society ethics

B

The issue of ________ has advanced from an abstract debate to a core performance assessment issue with clearly established legal liabilities. A. Corporate ethics B. Corporate social responsibility C. Corporate donations D. Corporate community involvement

B

All of the following are sources of individuals' moral standards except: A. Family B. Religion C. Government D.Friends

C

All of the following are stakeholders except: A. Customers B. Federal government C. Competitors D. Community

C

An ___________ is where the pursuit of that value is a good way to reach another value. A. Intrinsic value B. Extrinsic value C. Instrumental value D. External value

C

The final step in the three-step process for solving ethical problem is to ________ A. Analyze the consequences B. Analyze the problem C. Make a decision D. Analyze the actions

C

The problem with virtue ethics is that this approach to ethics purposes that the ends justify the means.

False

The study of how ethical theories are put into practice describes ethical dilemmas

False

Moral standards are based on religious, cultural or philosophical beliefs by which judgments are made about good or bad behavior.

True

Ethical theories can be divided into the following categories except: A. Virtue ethics B. Ethics for the greater good C. Rational ethics D. Universal ethics

C

How many stages are in Lawrence Kohlberg's stages of ethical reasoning? A. 3 B. 5 C. 6 D. 7

C

The ___________ introduced greater accountability for chief executive officers and boards of directors by requiring them to signing off on the financial performance records of the organizations they represent. A. Global Sullivan Principals B. Federal Corrupt Practices Act C. 2002 Sarbanes-Oxley Act D. False Claims Act

C

A ___________ Perspective is a summation of the customs, attitudes and rules that observed within a business. A. Descriptive B. Normative C. Prescriptive D. Philosophical

A

A situation in which there is no obvious "right" or "wrong" decision, but rather a "right" or "right" answer, refers to which of the following: A. Ethical dilemma B. Moral manifestation C. Absolute ethics D. Unethical dilemma

A

A(n) __________ is the combination of two contradictory terms. A. Oxymoron B. Synonym C. Antonym D. Metaphor

A

An __________ is a value that is a good thing in itself and is pursued for its own sake. A. Intrinsic value B. Extrinsic value C. Instrumental value D. External value

A

Every unethical act that goes undiscovered reinforces which of the following: A. A belief that the activity is "safe" because it will never be discovered or publicized B. A belief that the activity is within reasonable ethical and legal limits C. A belief that the activity is in the individual's or the corporations best interest D. A Belief that because the activity helps the company, the company condone it and even protect the person who engages in it

A

For some, the __________ rule best expresses the goal of living an ethical life: Do unto others as you would have them do unto you. A. Golden B. Virtuous C. Moral justice D. Equality

A

The first step in the three-step process for solving ethical problem is to ________ A. Analyze the consequences B. Analyze the problem C. Make a decision D. Analyze the actions

A

The study of how ethical theories are put into practice refers to __________ A. Applied ethics B. Normative ethics C. Descriptive ethics D. Meta-ethics

A

Unethical corporate behavior could negatively impact customers due to __________ A. Poor service quality B. Loss of employment C. Loss of stock value D. Loss of principle and interest payments

A

_______________ is a theory more focused on the outcome of your actions rather focusing on the apparent virtue of the actions themselves. A. Ethics for the greater good B. Normative ethics C. Ethical relativism D. Utilitarianism

A

At the _____________ stage, a person focuses on self-chosen ethical principles that are comprehensive and consistent. A. "good boy / nice girl" orientation B. Law an order orientation C. Principled conscience D. Obedience and punishment orientation

C

Which of the following defines simple truth? A. The idea that the moral standards we develop for ourselves impact our lives on a daily basis B. The idea that we must bring our personal value systems into a world that we share with people who may have different value systems C. Doing the right thing D. Viewing one's behavior from an external, rather than an internal, viewpoint

C

Which of the following faces the problem that societies can place different emphases on different virtues? A. Normative ethics B. Utilitarianism C. Virtue ethics D. Universal ethics

C

____________ is the application of ethical standards to business behavior. A. Corporate social responsibility B. Philanthropy C. Business ethics D. Corporate culture

C

____________ looks at the information available to us in resolving an ethical dilemma and draws conclusions based on that information in relation to our own ethical standards. A. Ethical framework B. Philosophical logic C. Ethical reasoning D. Moral reasoning

C

A Structured community of people bound together by similar traditions and customs defines a ___________. A. Neighborhood B. Global Village C. Cult D. Society

D

The ___________ stage focuses on the avoidance of punishment and deference to power and authority. A. "good boy / nice girl" orientation B. Law an order orientation C. Principled conscience D. Obedience and punishment orientation

D

The impact of a person's or a group's __________ can be seen in the extent to which their daily lives are influenced by those values. A. Ethics B. Morality C. Religion D. Value system

D

The problem with ___________ is the idea that the ends justify the means A. Ethics for the greater good B. Normative ethics C. Ethical relativism D. Utilitarianism

D

The second step in the three-step process for solving ethical problem is to ________ A. Analyze the consequences B. Analyze the problem C. Make a decision D. Analyze the actions

D

Which of the following is not one of the four basic categories of ethics? A. Personal integrity B. Rules of appropriate individual behavior C. Rules of appropriate behavior for a community or society D. Stretched truth

D

Working on __________ targets in a highly competitive environment, it can be easy to justify any act as being "in the company's best interest." A. Future B. Intermediate C. Long-term D. Short-term

D

__________ is a concept of living your life according to a commitment to the achievement of a clear ideal A. Universal ethics B. Ethics for the greater good C. Utilitarianism D. Virtue ethics

D

____________ is the system that directs and controls business corporations. A. Local governance B. Sate governance C. Federal governance D. Corporate governance

D

A negative impact from unethical corporate behavior for creditors could be the loss of employment.

False

Ethics are a particular set of attitudes, beliefs and practices that characterize a group of individuals.

False

Reliable ethics is a concept of living your life according to the achievement of a clear ideal.

False

Shareholders are anyone with a share or interest in a business enterprise.

False

The field of ethics is the study of how people try to live their lives according to standard of "right" behavior.

False

The first step in solving an ethical problem is to analyze the problem

False

A belief that an activity is within reasonable ethical and legal limits is a commonly held rationalization that can lead to misconduct.

True

A structured community of people bound together by similar traditions and customs refers to society.

True