Business Ethics Practice Exam
Course Introduction
Business Ethics explores the principles and standards that guide behavior in the world of commerce, focusing on the moral challenges and dilemmas encountered by individuals and organizations. This course examines ethical theories, corporate social responsibility, governance, stakeholder management, and ethical decision-making frameworks. Students will analyze real-world business cases, learn to identify and resolve ethical issues, and develop a toolkit for responsible leadership within a global context. By integrating ethical theory with practical application, the course prepares students to navigate complex moral considerations in an ever-evolving business environment.
Recommended Textbook
Moral Issues in Business 13th Edition by
William H. Shaw
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11 Chapters
701 Verified Questions
701 Flashcards
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Page 2
Chapter 1: The Nature of Morality
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Sample Questions
Q1) An argument is a group of statements, one of which is claimed to follow from the others.
A)True
B)False
Answer: True
Q2) According to divine command theory, if something is wrong, then the only reason it is wrong is that God commands us not to do it.
A)True
B)False
Answer: True
Q3) An organization is a group of people working together to achieve a common purpose.
A)True
B)False
Answer: True
Q4) Moral standards concern behavior that can be of serious consequence to human welfare.
A)True
B)False
Answer: True
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Chapter 2: Normative Theories of Ethics
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65 Flashcards
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Sample Questions
Q1) The statement that best defines rights is
A) all moral rights are legal rights.
B) a negative right is a right to receive certain benefits.
C) a right is an entitlement to act or to have others act in a certain way.
D) all moral rights are human rights.
Answer: C
Q2) One feature about utilitarianism that makes it appealing as a standard for moral decisions in business and nonbusiness organizations is that it provides a clear and straightforward basis for formulating and testing policies.
A)True
B)False
Answer: True
Q3) The rights guaranteed in the Bill of Rights are positive rights, not negative rights. A)True
B)False
Answer: False
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Chapter 3: Justice and Economic Distribution
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Sample Questions
Q1) Talk of justice and injustice typically focuses on:
A) fairness, equality, desert, and rights
B) reason, reflection, deliberation, and fairness
C) feeling, sentiment, happiness, and equality
D) fairness, impartiality, duty, and rights
Answer: A
Q2) Nozick's libertarian theory proposes
A) libertarians endorse utilitarianism's concern for total social well-being.
B) pleasure takes priority over any other moral concern.
C) libertarians generally agree that liberty allows only a "night-watchman" state.
D) if a person comes into possession of a holding through a legitimate transfer, then, morally speaking, she or he deserves that holding.
Answer: C
Q3) D.W. Haslett argues that inheritance is inconsistent with capitalism.
A)True
B)False
Answer: True
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Chapter 4: The Nature of Capitalism
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Sample Questions
Q1) Is Walmart a positive or negative influence on the American economy? Justify your position with information from the "One Nation Under Walmart" article
Q2) Marxism states
A) capitalism leads to a concentration of property and thus a concentration of resources and power in relatively few hands.
B) socialism will eventually be replaced by financial capitalism.
C) the means of production should be placed under the control of the bourgeoisie. D) only workers who are poorly paid in a capitalist system are alienated.
Q3) Sometimes capitalism is defended based on the idea that we have a natural right to property. How might this defense be criticized?
Q4) According to Adam Smith, the division of labor decreases economic activity. A)True
B)False
Q5) Socialism is an economic system characterized by public ownership of property and a planned economy.
A)True
B)False
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Chapter 5: Corporations
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Sample Questions
Q1) Externalities are the unintended negative (or in some cases positive) consequences that an economic transaction between two parties can have on some third party.
A)True
B)False
Q2) Which of the following contributed to the more relaxed incorporation procedures of modern times?
A) The idea that incorporation is a by-product of the people's right to associate, not a gift from the state.
B) The move from mercantilist thinking to a belief in Benjamin Franklin's invisible hand.
C) The idea that incorporation is a gift from the state.
D) The thought that laissez-faire is a losing proposition..
Q3) Companies should look at a code of ethics as more than just window dressing with more than just a vagueness that is so general it lacks substance.
A)True
B)False
Q4) Briefly sketch the evolution of corporations.
Q5) What is the problem of "vanishing individual responsibility"?
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Chapter 6: Consumers
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Sample Questions
Q1) Which statement is accurate in its description of consumer protection?
A) The Consumer Product Safety Commission has the power to order recalls, public warnings, and refunds.
B) Statistics show that, in fact, safety regulations rarely succeed in increasing safety.
C) Critics exaggerate the cost of safety regulations and product recalls.
D) Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.
Q2) One decisive case in the legal transition away from the reasonable-person standard in matters of advertising, sales and marketing was FTC v. Standard Education.
A)True
B)False
Q3) According to Galbraith's "dependence effect",
A) production depends upon wants.
B) advertising depends on the wants of the consumer.
C) consumer demand tends to be shaped by the production process.
D) advertising depends on consumerism.
Q4) Defend the position that advertising manipulates human needs and can create artificial ones.
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Chapter 7: The Environment
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Sample Questions
Q1) What is the meaning of "ecology"?
Q2) The philosopher Tom Regan
A) claims that no one could approve of the treatment of animals in factory farms if they knew what was going on.
B) argues against the use of governmental regulations to control the actions of businesses.
C) believes that the FTC should be abolished.
D) denies that non-human animals have any moral rights.
Q3) A moral of Garrett Hardin's parable "The Tragedy of the Commons" is that there can be a difference between the private costs and the social costs of a business activity.
A)True
B)False
Q4) Which of the following is true of factory farms?
A) They are farms that produce large amounts of fruits and vegetables at low prices.
B) Small production of meat where ecological concerns are paramount.
C) Contrary to the critics, the animals in them rarely suffer.
D) Have the largest and most devastating impact on animals.
Q5) What's an "externality"? Give an environmental example of an externality.
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Chapter 8: The Workplace Basic Issues
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Sample Questions
Q1) Of the four types of discharge firing
A) results from an employee's poor performance-that is, from his or her failure to fulfill expectations.
B) for-cause dismissal-the result of employee theft, gross insubordination, release of proprietary information, and so on.
C) usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall".
D) designates the permanent elimination of a job as a result of workforce reduction, plant closing, or departmental consolidation.
Q2) According to David Ewing,
A) the corporate invasion of employees' civil rights is rampant.
B) sympathetic strikes ought to be made illegal.
C) employers have the right to fill the positions of striking workers with other workers. D) seniority ought not be a factor in making transfers or promotions.
Q3) What are the key principles of effective interviewing?
Q4) What is the importance of the Wagner Act of 1935?
Q5) Summarize and explain the concept of the "living wage."
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Page 10
Chapter 9: The Workplace Todays Challenges
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Sample Questions
Q1) Do workplace accidents "just happen"?
Q2) The most common reason that people leave their jobs is A) low wages.
B) too much overtime.
C) a poor relationship with their immediate supervisor.
D) lousy benefits.
Q3) As a general rule, the burden is on an organization to establish the legitimacy of infringing on what would normally be considered the personal sphere of the individual.
A)True
B)False
Q4) The breaking up of jobs into smaller and smaller units, with each worker performing fewer tasks but repeating them thousands of times a day, has contributed to health problems in manufacturing.
A)True
B)False
Q5) What moral considerations argue for companies' providing childcare and dealing flexibly with employees' family needs? How can doing so also be cost-effective in the narrow sense?
Q6) Explain one of the criticisms of personality tests in the workplace.
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Chapter 10: Moral Choices Facing Employees
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Sample Questions
Q1) According to Norman Bowie's definition, whistle blowing is conceptually restricted to reporting on activities that are harmful to third parties, violations of human rights, or contrary to the public purpose and legitimate goals of the organization.
A)True
B)False
Q2) What is insider trading?
Q3) The Foreign Corrupt Practices Act of 1977 forbids companies to pay kickbacks in the United States, but permits them to pay kickbacks to companies outside the United States.
A)True
B)False
Q4) According to Jennifer Moore the real reason insider trading should be prohibited is that it undermines the fiduciary relationship that is at the heart of business management.
A)True
B)False
Q5) A kickback is a kind of bribe.
A)True
B)False
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Chapter 11: Job Discrimination
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Sample Questions
Q1) The courts view sexual harassment as a kind of sexual discrimination.
A)True
B)False
Q2) A survey shows that three out of four Hispanics believe that African Americans and whites?are more likely than Hispanics to prefer living on welfare.
A)True
B)False
Q3) Diversity in the workplace can be viewed as a competitive advantage.
A)True
B)False
Q4) One message that sexual harassment conveys is that managers view women as A) assets.
B) equals.
C) high potentials.
D) playthings.
Q5) What does Title VII of the 1964 Civil Rights Act say?
Q6) What is some of the attitudinal evidence of job discrimination?
Q7) Statistics by themselves do not prove discrimination.
A)True
B)False
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