Introduction to Business Review Questions
Course Introduction
Introduction to Business provides a comprehensive overview of the foundational concepts and practices within the field of business. Students will explore key topics such as economic systems, forms of business ownership, management principles, marketing strategies, financial fundamentals, and ethical considerations in business decision-making. This course emphasizes the roles and responsibilities of individuals in various business functions, examines current trends and challenges faced by organizations, and encourages the development of critical thinking and problem-solving skills essential for success in the dynamic business environment.
Recommended Textbook
Moral Issues in Business 12th Edition by
William H. Shaw
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11 Chapters
703 Verified Questions
703 Flashcards
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Page 2
Chapter 1: The Nature of Morality
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Sample Questions
Q1) A proper perspective of religion and morality is
A)only religion can tell us what is right and wrong
B)it's not true that morality must be based on religion
C)religion never influences people's moral beliefs
D)without religion,people wouldn't have a reason to act morally
Answer: B
Q2) In a broad sense morality is the moral code of an individual or of a society (insofar as the moral codes of the individuals making up that society overlap).
A)True
B)False Answer: False
Q3) If you do the right thing only because you think you will profit from it,then you are truly motivated by moral concerns.
A)True
B)False
Answer: False
Q4) Is it possible to be ethical and be successful? To many,the two do not go together.State your position with reasons.
Answer: See referenced pages.
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Chapter 2: Normative Theories of Ethics
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Sample Questions
Q1) According to Adam Smith,if business is left to pursue its self-interest,the good of society will be compromised and harmed.
A)True
B)False
Answer: False
Q2) Rule utilitarianism applies the utilitarian standard,not to individual actions,but to moral codes as a whole.
A)True
B)False
Answer: True
Q3) Kant believed that we should always act
A)in such a way that we can will the maxim of our action to be a local law.
B)in a way that treats success as an end in itself,never merely as means.
C)in a way that would be universally unacceptable to all rational beings.
D)in a way that we can will the maxim of our action to become a universal law.
Answer: D
Q4) Richard Brandt defends a form of act utilitarianism.
A)True
B)False
Answer: True
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Chapter 3: Justice and Economic Distribution
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Sample Questions
Q1) Rawls's theory of distributive justice is a form of utilitarianism.
A)True
B)False
Answer: False
Q2) If libertarianism is true,which of these statements is true?
A)We should endorse utilitarianism's concern for total social well-being.
B)Pleasure takes priority over any other moral concern.
C)We should have 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) John Rawls's second principle of justice states that insofar as inequalities are permitted -- that is,insofar as it is compatible with justice for some jobs or positions to bring greater rewards than others -- these positions must be open to all.
A)True
B)False
Answer: True
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Chapter 4: The Nature of Capitalism
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Sample Questions
Q1) Is manufacturing vital to the success and well being of America? Justify your answer.
Q2) Adam Smith claims that the people seeking self-interest in a free market through competition can benefit society as a whole.
A)True
B)False
Q3) An assessment of work in America is
A)American manufacturing is growing faster than ever.
B)American corporations ignore short-term performance.
C)manufacturing still employs more people than government.
D)many manufacturing companies have become "hollow" or "weightless".
Q4) Companies that in years past were identified with making goods of all sorts now are likely to produce only the package and the label.
A)True
B)False
Q5) What we call capitalism did not fully emerge until the Renaissance in Europe during the 15th and 16th centuries.
A)True
B)False
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Chapter 5: Corporations
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Sample Questions
Q1) Briefly sketch the evolution of corporations.
Q2) In his essay "Social Responsibility and Economic Efficiency," Kenneth Arrow has argued that corporations only have a responsibility to maximize shareholder profits.
A)True
B)False
Q3) The business-can't-handle-it argument is an argument in favor of a broad view of corporate responsibility.
A)True
B)False
Q4) The best statement concerning corporations is
A)corporations don't need moral codes.
B)corporate culture refers to the cultural activities sponsored by the company for its employees.
C)pollution caused by corporations isn't an externality.
D)corporate culture can be both explicit and implicit.
Q5) What is the problem of "vanishing individual responsibility?"
Q6) What has Yahoo done that could help countries violate human rights? Apply a normative theory of ethics to this moral issue to explain why Yahoo did something immoral.
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Chapter 6: Consumers
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Sample Questions
Q1) Give an example of deceptive ambiguity in advertising.
Q2) Statistically,there is strong evidence that exposure to television advertising is strongly associated with
A)criminal behavior.
B)obesity in children under twelve.
C)low ethical sensitivity in children under ten.
D)liberal attitudes in children under nine.
Q3) Statistics indicate that the faith consumers place in manufacturers is often misplaced.
A)True
B)False
Q4) Legal paternalism is the doctrine that the law
A)may justifiably restrict the freedom of the individual for his or her own good.
B)may justifiably forbid lawsuits against those who act paternalistically.
C)should encourage business to develop a paternal sense of responsibility for consumers.
D)should only restrict people's freedom in order to protect other people.
Q5) What is subliminal advertising?
Q6) What is the doctrine of caveat emptor?
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Chapter 7: The Environment
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Sample Questions
Q1) Which of the following is true of a regulatory approach to environmental problems?
A)It proceeds on a case-by-case basis,dealing with each company's specific circumstances.
B)It gives companies an incentive to do more than the minimum required by law.
C)It requires the EPA or other body to determine the most effective,feasible pollution-control technology for each different industry.
D)It involves the use of pricing mechanisms.
Q2) Cost-benefit analyses of rival environmental policies inevitably involve making value judgments about nonmonetary costs and benefits.
A)True
B)False
Q3) "Pollution permits" are an example of which of the following methods of achieving our environmental goals?
A)pricing mechanisms
B)government subsidies
C)a laissez-faire approach
D)regulations
Q4) What's an "externality"? Give an environmental example of an externality.
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9
Chapter 8: The Workplace 1: Basic Issues
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Sample Questions
Q1) If employees who don't join the union get the same benefits as union members,this raises a question of fairness.
A)True
B)False
Q2) According to David Ewing,two historical factors lie behind the absence of civil liberties and the prevalence of authoritarianism in the workplace.What are these two factors?
Q3) Sometimes the screening process unfairly excludes certain applicants.Give two examples.
Q4) What does "just cause" require in situations of employee discipline or discharge? What does "due process" require?
Q5) A primary boycott occurs when people refuse to patronize companies that handle products of struck companies.
A)True
B)False
Q6) Inbreeding refers to longevity on a job or with a firm.
A)True
B)False
Q7) What's the difference between a direct strike and a sympathetic strike?
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Chapter 9: The Workplace 2: Todays Challenges
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Sample Questions
Q1) One study suggests a positive correlation between job satisfaction and longevity.
A)True
B)False
Q2) In 1928,U.S.Supreme Court Judge Louis D.Brandeis described the right to privacy,or "the right to be left alone," as "the right most valued by men."
A)True
B)False
Q3) One of the three chief sources for dissatisfaction in the workplace is
A)lack of opportunities to be promoted faster.
B)lack of opportunities to have a company vehicle.
C)lack of opportunities to have one's own office.
D)lack of opportunities to be one's own boss.
Q4) According to published statistics,each year in the United States nearly 100,000 workers are killed on the job.
A)True
B)False
Q5) "Safety in the workplace is good business." Justify this statement with information from this chapter.
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Chapter 10: Moral Choices Facing Employees
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Sample Questions
Q1) Conflicts of interest may exist when employees have financial investments
A)in suppliers,customers,or distributors with whom their organizations do business.
B)in sports teams.
C)and question the wisdom of the deal.
D)that lead to office romance.
Q2) The law precisely defines the concept of a trade secret,just as it does patents and copyrights.
A)True
B)False
Q3) To resolve difficult moral dilemmas,the better we understand the exact ramifications of the alternatives¾the more likely we are
A)to make a sound moral decision.
B)to drive the boss crazy.
C)to be a success.
D)to go to jail.
Q4) A kickback is a kind of bribe.
A)True
B)False
Q5) How do trade secrets differ from information that is patented or copyrighted?
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Chapter 11: Job Discrimination
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Sample Questions
Q1) Which of the following is true based on documented evidence of discrimination?
A)African Americans have the third highest standard of living in the world.
B)Today,men are just as likely as women to be in so-called "pink collar" occupations.
C)There is little statistical evidence of job discrimination today.
D)Relatively few women and minorities have made it to the very top of their professions.
Q2) Executive Order 10925 decreed that federal contractors should "make rigid quotas to ensure that applicants are employed without regard to their race,creed,color,or national origin.''
A)True
B)False
Q3) According to the Supreme Court,men cannot be the victims of sexual harassment. A)True
B)False
Q4) What did the Supreme Court decide in 1954 in the case of Brown v.Board of Education?
Q5) Some companies view diversity in the workplace as a competitive advantage.
A)True
B)False
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