Ethical Decision Making in Business Chapter Exam Questions
Course
Introduction
Ethical Decision Making in Business explores the fundamental principles and frameworks necessary for navigating complex ethical dilemmas in the workplace. The course examines how cultural, legal, organizational, and personal factors influence ethical behavior and responsibility within business environments. Students will analyze real-world case studies, evaluate stakeholder perspectives, and develop strategies for ethical decision-making that align with legal standards and professional integrity. Emphasis is placed on critical thinking, ethical reasoning, and effective communication of decisions to diverse audiences.
Recommended Textbook
Understanding Business Ethics 3rd Edition by Peter A. Stanwick
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13 Chapters
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Page 2
Chapter 1: The Foundation of Ethical Thought
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Sample Questions
Q1) The _____________ principle is based on the assumption that every employee should act as a responsible citizen in the community.
A) Reliability
B) Dignity
C) Citizenship
D) Fiduciary
Answer: C
Q2) The _____________ principle is the belief that employees have a responsibility to supply information when it is requested by various stakeholders.
A) Reliability
B) Responsiveness
C) Self-respect
D) Transparency
Answer: B
Q3) Ethical egoism is represented in self-improvement, and utilitarianism is represented in beneficence and noninjury.
A)True
B)False
Answer: True
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Page 3
Chapter 2: The Evolving Complexities of Business Ethics
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Sample Questions
Q1) _____________ is derived from the Greek word for character.
A) Honor
B) Reciprocity
C) Ethos
D) Norm
Answer: C
Q2) Based on the findings of the 2011 National Business Ethics Survey, the generation called _____________ has a less positive view of the company's ethical culture and were less likely to report unethical activities.
A) baby boomers
B) Gen Xers
C) millenials
D) traditionalists
Answer: C
Q3) The tax shelter established by the Promogroup is based on the simple flow of royalties that go into and leave the Netherlands.
A)True
B)False
Answer: True
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Page 4
Chapter 3: Stakeholders and Corporate Social Responsibility
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Sample Questions
Q1) Which of the following is NOT one of the three types of moral values according to Archie Carroll?
A) Emoral
B) Immoral
C) Amoral
D) Moral Answer: A
Q2) Corporate social responsibility can be defined as the obligation companies have to develop and implement courses of action that aid in social issues that impact society.
A)True
B)False Answer: True
Q3) The customer-firm relationship is based on ethical principles as well as commercial criteria.
A)True
B)False Answer: True
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Page 5
Chapter 4: Ethics and Financial Reporting
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Sample Questions
Q1) ______________ 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
Q2) Which of the following is NOT one of the three potential conflicts of interest that can take place during the audit process?
A) Auditor-shareholder conflict of interest
B) Auditor-firm conflict of interest
C) Shareholders-management conflicts of interest
D) Self-interests-professional standards
Q3) Which of the following are not Section 404 internal controls ?
A) An internal code of ethics
B) Independent board members
C) Remuneration committees
D) Creation of processes for reporting concerns
Q4) In a short essay, list and discuss the three primary objectives of financial reporting.
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Chapter 5: Ethical Leadership and Corporate Governance
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Sample Questions
Q1) Martha Stewart could be an example of a(n) _______________ leader in that her media empire was built on the correct way to entertain and interact with other people, but her conviction may cause other employees within her empire to question whether any of her statements after her convictions were true.
A) Unethical
B) Ethical
C) Hypocritical
D) Inconsistent
Q2) From the perspective of ______________, compensation would focus on the consequences of the greatest good to the greatest number of people.
A) Ethical egoism
B) Deontological ethics
C) Utilitarianism
D) Sidgwick's dualism
Q3) An inconsistent leader has strong ethical traits and behavior and can translate those traits to others.
A)True
B)False
Q4) In a short essay, discuss corporate governance.
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Chapter 6: Strategic Planning, Corporate Culture, and Corporate Compliance
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Sample Questions
Q1) Basic assumptions are the key starting point for ethical decision making within the firm.
A)True
B)False
Q2) The 2011 National Business Ethics Survey 2011 found 22% of the respondents had observed misconduct in the workplace, and 45% of these were subject to some form of retaliation.
A)True
B)False
Q3) In the unfreezing stages of Kurt Lewin's three-stage model, the new perceptions and ideals are "locked in."
A)True
B)False
Q4) The U.S Federal Sentencing Guidelines for organizations requires organizations to establish a(n)
A) Annual reporting cycle
B) Effective compliance program
C) Limited accounting principles
D) Greater confidence
Page 8
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Chapter 7: Decision Making and Human Resource Issues
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Sample Questions
Q1) Which is not a trait of the perfect leader according to Machiavelli?
A) Ability to manipulate
B) Bold in action
C) Stealthy when needed
D) Negotiating in an ethical manner
Q2) Field dependence refers to the ability of using external information to help resolve an ambiguous situation.
A)True
B)False
Q3) The Texas Instruments Code of Ethical Conduct includes three of the following elements. Which one is not included?
A) Is the action legal?
B) Does it comply with our values?
C) Will it benefit personally?
D) Keep asking until you get answer.
Q4) In a short essay, list and discuss the elements involved in employee monitoring.
Q5) Of all the types of deviant or misbehavior, employee theft appears to be the most common.
A)True
B)False
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Chapter 8: Ethics and the Environment
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Sample Questions
Q1) An environmental compliance system does not include one of the following areas:
A) publish an annual environmental report
B) provide employees with environmental trainng
C) provide financial incentives for good environmental practice
D) ensure that the same environmental standards are consistent globally
Q2) In a short essay, list at least seven of the 13 areas in which environmentally proactive firms should address environmental issues.
Q3) Approximately 70% of solar radiation is reflected back towards the Sun
A)True
B)False
Q4) Firms with an ecobranding strategic focus do not aim to generate a higher profit margin for its products and services.
A)True
B)False
Q5) Regulatory risk is based on the assumption that as climate change continues to impact the world, the vulnerability of suppliers and the raw materials needed for manufacturing will decrease.
A)True
B)False
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Chapter 9: Ethics and Information Technology
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Sample Questions
Q1) _____________ is the use of computer technology to commit terrorism crimes.
A) Virtualterrorism
B) Techterrorism
C) Cyberterrorism
D) Retroterrorism
Q2) An effective workers' rights policy needs to address issues of all of the following except
A) Type of monitoring taking place
B) Type of information being collected
C) Accuracy of information being collected
D) Identification of what information is private or public
Q3) The FTC Safeguards Rule applies only to firms listed on the NYSE.
A)True
B)False
Q4) In a short essay discuss how the use of e-mail impacts on the privacy of employees.
Q5) Information overload is a positive benefit of e-mail communication channels in organizations.
A)True
B)False
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Chapter 10: Ethics and Information Technology
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Sample Questions
Q1) ______________ are consumers who understand the issues related to the natural environment but are not willing to pay more for proactive environmental products.
A) Greenback greens
B) Sprouts
C) True blue greens
D) Basic browns
Q2) There are six steps in building a two-way relationship between the firm and the customer. Which is not one?
A) Developing a database
B) Analyzing the consumer data
C) Targeting the customers
D) Financial incentives for the customers
Q3) All of the following are examples of false and misleading advertising except A) Going out of business sale
B) Bait and switch
C) Use of fillers
D) All are examples of false and misleading advertising
Q4) In a short essay, list and discuss four of the ways in which false and misleading advertising may take place.
Page 12
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Chapter 11: Ethical Issues in the Developing World
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Sample Questions
Q1) In a short essay, list the ten characteristics of successful social entrepreneurs.
Q2) In a short essay, discuss what factors could explain why some regions have not moved forward on the UN Millennium Development Goals (MDGs) according to Sachs and MacArthur.
Q3) Microfinance is the process in which small loans are given to entrepreneurial individuals in developing countries in order to develop income which will benefit the individual as well as the local village through poverty reduction.
A)True
B)False
Q4) To be classified as a biofuel, a product must be made of at least _______ renewable materials and be produced from living organisms or from organic/food waste products.
A) 20%
B) 40%
C) 60%
D) 80%
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) Which of the following is an example of GOOD practice in making a code of conduct effective?
A) Post the code on a notice board without any action
B) View the code as a confidential document
C) Review and make adjustments when necessary
D) Assign one unit within the company to be responsible for the effectiveness of the firm's ethical commitment
Q2) In the opening case "How We're Fixing Up Tyco," what did Tyco do to re-create its image?
A) Changed its corporate logo
B) Changed the board members
C) Sold off the business
D) Merged with another company
Q3) Organizational learning can increase the level of ethical awareness by employees and can create a positive climate pertaining to ethical values and beliefs.
A)True
B)False
Q4) 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) In low-context cultures, the presentation of ethics codes and formal procedures would be perceived as irrelevant and, therefore, most likely ignored by the audience.
A)True
B)False
Q2) Low uncertainty avoidance not only accepts risk and ambiguity but embraces it.
A)True
B)False
Q3) In the opening vignette, the Hillsborough accident occurred in ______.
A) Liverpool
B) Nottingham
C) Sheffield
D) London
Q4) According to the research study conducted by PricewaterhouseCoopers in the 2014 Global Economic Crime Survey, which of the following regions experienced the highest growth in the level of economic crime?
A) Africa
B) North America
C) Eastern Europe
D) Emerging Eight
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