Business Ethics
Test Bank
Course Introduction
Business Ethics explores the principles and moral issues that arise in the context of business environments. The course examines ethical theories, the role of personal values, corporate social responsibility, stakeholder relationships, and the ethical challenges faced by individuals and organizations in a global marketplace. Students will analyze real-world cases involving issues such as honesty, integrity, workplace diversity, environmental sustainability, and decision-making processes, developing skills to identify, evaluate, and respond to ethical dilemmas in various business scenarios.
Recommended Textbook
Understanding Business Ethics 3rd Edition by Peter A. Stanwick
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13 Chapters
687 Verified Questions
687 Flashcards
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Page 2
Chapter 1: The Foundation of Ethical Thought
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Sample Questions
Q1) The average Panera Cares Café will generate revenues of ___________ and profits of __________ per month.
A) $10,000; $300 to $400
B) $50,000; $1,000 to $5,000
C) $100,000; $3,000 to $4,000
D) $500,000; $30,000 to $35,000
Answer: C
Q2) Which of the following is not one of Ross's seven guiding principles?
A) Gratitude
B) Justice
C) Self-Improvement
D) Greed
Answer: D
Q3) What allows animal instincts to control the appetite of an individual?
A) Lust
B) Gluttony
C) Greed
D) Pride
Answer: B
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Page 3
Chapter 2: The Evolving Complexities of Business Ethics
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49 Verified Questions
49 Flashcards
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Sample Questions
Q1) The discovery of ethics began with discussions initiated by all of the following individuals except
A) Socrates
B) Aristotle
C) Plato
D) Napoleon
Answer: D
Q2) Gender and ethnic biases can be common implicit prejudices.
A)True
B)False
Answer: True
Q3) Based on the findings of the 2011 National Business Ethics Survey, what proportion of Generation X felt pressure to act unethically in the workplace?
A) 8%
B) 10%
C) 25%
D) 7%
Answer: B
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Chapter 3: Stakeholders and Corporate Social Responsibility
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53 Verified Questions
53 Flashcards
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Sample Questions
Q1) _______________ CSR is the integration of CSR philosophy into the decision-making processes of the firm
A) Project-oriented
B) Quality-oriented
C) Strategic
D) Transformational
Answer: C
Q2) An amoral manager is one who not only does not care how his or her decisions impact the stakeholders, but the actions are actively counter intuitive to what is the right and ethical thing to do.
A)True
B)False
Answer: False
Q3) The triple bottom-line is not just a link between stakeholders and the firm but is also a valuable tool the firm uses to enhance its long-term sustainability from both a financial and a nonfinancial perspective.
A)True
B)False
Answer: True
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Chapter 4: Ethics and Financial Reporting
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51 Verified Questions
51 Flashcards
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Sample Questions
Q1) Which is not one of the five philosophical prepositions of external financial reporting ?
A) External realism
B) Subjective judgement
C) Insider trading practices
D) Commitment to rationalism
Q2) Off-balance sheet financing creates separate legal entities from the parent company.
A)True
B)False
Q3) ______________ accounting comes from the concept that management can manipulate the financial results of a company by adding or taking away reserves depending on the circumstances.
A) Hypothetical
B) Lease accounting
C) Cookie jar
D) Virtual
Q4) In a short essay, discuss how the practices of one time charges and cookie jar accounting enable managers to manipulate financial statements or manage earnings.
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Page 6
Chapter 5: Ethical Leadership and Corporate Governance
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Sample Questions
Q1) The principles of ethical power include all of the following except
A) Punishment
B) Purpose
C) Perspective
D) Patience
Q2) The _______________ of ethical power refers to the leader establishing a long term vision for the organization.
A) Purpose
B) Perspective
C) Persistence
D) Patience
Q3) The passive board is also called the rubber stamp board.
A)True
B)False
Q4) A(n) _______________ leader is one who is focused on creating a positive ethical climate for the firm's employees
A) Transactional
B) Ethical
C) Rational
D) Committed
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Chapter 6: Strategic Planning, Corporate Culture, and Corporate Compliance
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55 Verified Questions
55 Flashcards
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Sample Questions
Q1) In the Snyder model that develops a framework to address ethical crises, which of the following is not an external abnormal factor?
A) Terrorism
B) Strike
C) Natural disaster
D) Reputation issues
Q2) Schein developed a set of enabling mechanisms to change culture. Which of the following is not a secondary articulation and reinforcement mechanism?
A) Design and structure of the organization
B) The leader's criteria for allocation of rewards
C) Design of buildings, facades and physical spaces
D) Formal statements developed to represent the firm's philosophy.
Q3) _____________ are based on what groups within the firm learn about what is acceptable and not acceptable.
A) Shared values
B) Basic assumptions
C) Artifacts
D) Self-interests
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Chapter 7: Decision Making and Human Resource Issues
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Sample Questions
Q1) The individual acts based on what is expected of him or her by others in which of the following stages of moral development?
A) Obedience and punishment orientation
B) Instrumental purpose and exchange
C) Interpersonal accord, conformity, mutual expectations
D) Social accord and system maintenance
Q2) Which of the following is not a form of employee monitoring?
A) Going undercover
B) Tapping landline phones
C) Bullying
D) Monitoring personal web postings
Q3) In a short essay, list and discuss the three critical individual variables that would affect how individuals approach resolving an ethical dilemma.
Q4) In 2011, the EEOC received _________ claims of sexual harassment.
A) 113,640
B) 1,364
C) 11,364
D) 1,136,400
Q5) In a short essay, list and discuss the elements involved in employee monitoring.
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Chapter 8: Ethics and the Environment
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Sample Questions
Q1) ______________ is related to how the customer perceives the firm.
A) Reputational risk
B) Supply chain risk
C) Physical
D) Litigation risk
Q2) Employee led environmental innovation strategies do not add value to the firm's environmental credibility
A)True
B)False
Q3) The endorsement of the natural environment can help create competitive advantages for firms. Which of the following is not an advantageous factor?
A) the reduction of waste
B) the creation of a positive corporate image
C) reduce negative impact on the environment
D) greenwash policies
Q4) Once a firm has completed its sustainable strategy implementation then that is the end of the journey.
A)True
B)False
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Chapter 9: Ethics and Information Technology
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Sample Questions
Q1) The ultimate goal of phishing is to acquire personal information pertaining to an individual that could be used in the future for illegal activities.
A)True
B)False
Q2) All financial institutions, according to the Federal Trade Commission Safeguards Rule, must develop a security plan that does all of the following except
A) Designates one or more employees to coordinate the safeguard efforts
B) Partner with the Federal Trade Commission to access confidential data when needed
C) Designs and implements a safeguards program and regularly monitors and tests it
D) Selects appropriate service providers and makes them implement safeguards
Q3) Under the ______________, employers can consider individual's e-mails corporate property.
A) Foreign Corrupt Practices Act
B) Sydney Principles
C) Kyoto Treaty
D) Electronic Communications Privacy Act
Q4) In a short essay, explain the USA PATRIOT Act.
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Chapter 10: Ethics and Information Technology
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Sample Questions
Q1) During the 2002 hurricane in Baton Rouge, Louisiana, what was the opportunistic price of the flashlight?
A) $4.97
B) $7.99
C) $11.98
D) $14.97
Q2) Interpersonal relationships concern the long-term focus of the purchasing firms and the level of satisfaction between the purchaser and the supplier.
A)True
B)False
Q3) The _______________ refers to the intrinsic benefits that boycotting can create for the individual consumer.
A) Desire to make a difference
B) Scope of self-enhancement
C) Counterarguments that inhibit boycotting
D) Cost to the boycotter of constrained consumption
Q4) In a short essay, list and discuss four of the ways in which false and misleading advertising may take place.
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Page 12
Chapter 11: Ethical Issues in the Developing World
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Sample Questions
Q1) An example of a social engineer entrepreneur is Jacqualine Novogratz who established the Acumen Fund in 2001 which the mission to use entrepreneurial approaches to solve global poverty problems.
A)True
B)False
Q2) In a short essay, list the ten characteristics of successful social entrepreneurs.
Q3) In 2007, __________ million people in sub-Saharan Africa were classified as undernourished.
A) 10.9
B) 146
C) 457
D) 925
Q4) What is not a strategic focus for firms who concentrate on bottom of the pyramid customers?
A) Large volume low profit margins
B) Transactions taking place in an informal market
C) Long term view of the project
D) Products based on normal market conditions
Q5) In a short essay, list and discuss the root causes of hunger.
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Chapter 12: Establishing a Code of Ethics and Ethical Guidelines
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Sample Questions
Q1) General Electric in 2010 published its Citizenship Report titled ______.
A) Financial Growth
B) Sustainable Growth
C) Sustainable Development
D) Financial Development
Q2) In a short essay, list and discuss the four types of statements that a corporation may adopt to communicate the corporation's view of the subject of ethics.
Q3) The code of ethics of a firm represents the identification and interpretation of what the firm considers acceptable behavior.
A)True
B)False
Q4) Which of the following is not a component of the Caux Round Table Principles?
A) The responsibilities of business are beyond shareholders and are to all stakeholders
B) Businesses need to support multilateral trade
C) Businesses need to abolish all child labor
D) Businesses must avoid illicit operations
Q5) In a short essay, list and discuss common mistakes that companies make when developing global ethics programs.
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Chapter 13: Evaluating Corporate Ethics
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Sample Questions
Q1) For low power distance cultures, accountability and blame should be distributed on the actual job responsibilities of the employees.
A)True
B)False
Q2) According to the research study conducted by PricewaterhouseCoopers 2014 Global Economic Crime Survey, which of the following industry categories had the lowest percentage for both 2011 and 2014?
A) Manufacturing
B) Chemicals
C) Transport and logistics
D) Insurance
Q3) In the opening vignette, the Hillsborough accident occurred in ______.
A) Liverpool
B) Nottingham
C) Sheffield
D) London
Q4) In a short essay, explain whistle-blowing and list the four-step process that must take place before a firm is notified by a whistle-blower of potentially unethical behavior.
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