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