Ethics exam 2 practice

At the core of rights reasoning is the believe that A.) The right to join a union is no longer universally excepted B.) economic and political power to determine who is right C.) respecting others is the essence of human rights D.) The companies right to a profit must be protected

C.) respecting others is the essence of human rights

Business executives are finding that a trusting, ethical relationship with a business partner is A.) Likely to cause legal B.) Often essential and conducting business C.) Best left to not-for-profit companies D.) Too costly to maintain

B.) often essential in conducting business

Which statement characterizes the moral reasoning typically found in a child? A.) I'll let you play with my toy if I play with yours B.) Seek the greatest good for the greatest number C.) When in Rome, do as the Romans do D.) Respect the rights of others

A.) I'll let you play with my toy if I play with yours

The primary purpose of the international monetary fund is to A.) Landform currency to member countries B.) Collect the interest on loans made by the World Bank to Third World nations C.) Consolidate the debt facing Third World nations D.) Exchange one currency for another

A.) Landform currency to member countries

What US company is the best example of using globalization to reduce the price of its products? A.) Walmart B.) toys "R" Us C.) Kmart D.) Macy's

A.) Walmart

Cross-cultural contradictions arise due to: A.) differences between home and host countries ethical standards B.) religious differences practice by business executives C.) The emergence of a developing countries economic power D.) all of the above

A.) differences between home and host countries ethical standards

A free enterprise system refers to: A.) property ownership by a centralized government B.) an index of economic freedom C.) economic assets that are privately owned and exchanged in an open market D.) A mix of privately owned in government controlled economic assets

A.) property ownership by a centralized government

It just our fair ethical decision occurs when A.) The rights of all affected B.) Benefits and burdens are distributed equally C.) The greatest good for those with power is achieved D.) All of the above

B.) Benefits and burdens are distributed equally

A business becomes increasingly global A.) A global code of conduct will emerge businesses B.) cross cultural contradictions will increase C.) it must turn to national laws for guidance D.) Ethical issues become issues of free trade

B.) cross cultural contradictions will increase

According to an annual gallop poll, which occupation was consistently ranked the highest for honesty and ethics? A.) congressional members B.) nurses C.). Car sales people D.) clergy

B.) nurses

Peoples ethical believes come from A.) The organization code of ethics B.) Legislative action and judicial decisions C.) Their religious background, family, and education D.) Reading the company's profit and loss statements

C.) Their religious background, family, and education

A firm that would like to develop a global supply chain would A.) so Raw materials, components of supplies produced at home and abroad B.) check product or manufactured Abroad for defects in their home country C.) purchase Raw materials or supplies in other countries D.) manufacture components or supplies in other countries

C.) purchase Raw materials or supplies in other countries

Micro finance refers to: A.) Banks charging low fees for all business loans B.) Banks lending money to a very small number of businesses C.) Banks lending very small amounts of money to wealthy businesses D.) Banks lending money to low income businesses

D.) Banks lending money to low income businesses

A society were economic power is concentrated in the hands of government officials and political authorities is called A.) Military dictatorship B.) Social democracy C.) Political control system D.) Central state control system

D.) Central state control system

The three strategies of globalization can be summarized using what three words? A.) sell, make and, buy B.) Export, locate, and purchase C.) Ethics, import, and sell D.) Channels, operations, and chains

A.) Sell, make, and buy

All of the following values are present in most ethical decisions except A.) be kind B.) be honest C.). Be fair and just D.) act responsibly

A.) be kind

A purchasing agent directing her company orders to a firm which she received a valuable gift, is an example of: A.) conflict of interest B.) egotism C.) ethical relativism D.) moral development

A.) conflict of interest

People everywhere depend on ethical system to tell them whether their actions are A.) Logical and reasonable judgment B.) financially attainable or not C.) Right or wrong D.) legal or illegal

C.) Right or wrong

According to the United Nations, a feature of democracy is: A.) an independent media B.) A government was power balanced among executive, legislative, and judicial branches C.) fair elections D.) all of the above

D.) all of the above

An example of an international financial and trade institution is A.) International Monetary Fund B.) World Bank C.) World Trade Organization D.) All of the above

D.) all of the above

Businesses are expected to be ethical in their relationships with: A.) stockholders B.) competitors C.) customers D.) All of the above

D.) all of the above

Government has distinctive resources and competencies including: A.) ability to enforce the rules B.) knowledge of public policy C.) revenue from taxation D.) all of the above

D.) all of the above

Under the US corporate sentencing guidelines, if a firm has developed a strong ethics program, executives found guilty of criminal activity may have their sentence: A.) unaffected B.) increased C.) decided by the company D.) reduced

D.) reduced

A firm that has a global operations has A.) All of their manufacturing and service operations abroad all of their manufacturing and service operations abroad B.) manufacturing but not service operations abroad C.) Service but not manufacturing operation abroad D.) some or all of their manufacturing services abroad

D.) some or all of their manufacturing services abroad

A conception of right and wrong is: A.) impossible to know B.) based on stakeholder dialogue C.) determined by power D.) The definition of ethics

D.) the definition of ethics

A recent study found that compared to 1980s manager today please what importance on moral values such as honesty and forgiveness? A.) slightly more important B.) About the same importance C.) Triple the importance D.) Less important

A.) slightly more important

An individual who is a supporter of globalization would argue that it helps the developing world by A.) providing people in developing countries with more jobs B.) giving entrepreneurs access to for an investment funds to support economic development C.) allowing new ideas and technological innovations to spread quickly D.) all of the above

D.) all of the above

A credit of globalization might argue that companies decide to manufacture in China mainly because of China's A.) strict law enforcement B.) high environmental standards C.) strong worker unions D.) weak health and safety regulations

D.) weak health and safety regulations