Social Issues in Business Exam Preparation Guide
Course Introduction
This course explores the complex relationship between business practices and contemporary social issues, examining the ethical, cultural, political, and economic challenges that organizations face in a rapidly changing world. Students will analyze topics such as corporate social responsibility, diversity and inclusion, sustainability, stakeholder engagement, and the impact of globalization on business operations. Through case studies and critical discussions, the course encourages students to evaluate strategies that businesses can employ to address social concerns, foster ethical decision-making, and contribute positively to society while balancing profit motives.
Recommended Textbook
Moral Issues in Business 13th Edition by William
H. Shaw
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11 Chapters
701 Verified Questions
701 Flashcards
Source URL: https://quizplus.com/study-set/1093
Page 2
Chapter 1: The Nature of Morality
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60 Verified Questions
60 Flashcards
Source URL: https://quizplus.com/quiz/21533
Sample Questions
Q1) 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
Q2) Moral standards concern behavior that can be of serious consequence to human welfare.
A)True
B)False
Answer: True
Q3) Ethical relativism is the theory that what is right is determined by what a culture or society says is right.
A)True
B)False
Answer: True
Q4) Enron executives acted wrongly simply because they broke the law.
A)True
B)False
Answer: False
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Chapter 2: Normative Theories of Ethics
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) Nonconsequentialists like Ross believe that
A) we have no obligation to promote general welfare.
B) utilitarianism doesn't require us to sacrifice as much as we should to help other people.
C) morality permits each of us a sphere in which to pursue our own plans and goals.
D) people's so-called "moral rights" are unimportant when determining the right course of action.
Answer: C
Q2) A practical basis for discussing moral issues involves taking account of A) effects, ideals, and obligations.
B) effort, duties, and organization.
C) compassion, intellect, and patience.
D) compliance, contribution, and consequences.
Answer: A
Q3) A hypothetical imperative tells us to act as we would want everyone to act in that situation.
A)True
B)False
Answer: False
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Page 4
Chapter 3: Justice and Economic Distribution
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) D.W. Haslett argues that inheritance is inconsistent with capitalism.
A)True
B)False
Answer: True
Q2) According to libertarianism,
A) there are no natural, Lockean rights.
B) we have a basic right to assistance from others.
C) people should not attempt to coerce others.
D) happiness takes priority over other moral concerns.
Answer: C
Q3) According to Robert Nozick, the basic moral rights possessed by all human beings are both negative and natural.
A)True
B)False
Answer: True
Q4) The United States leads the world in executive pay.
A)True
B)False
Answer: True
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Chapter 4: The Nature of Capitalism
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) Adam Smith claims that the proper role of governments is to restrict and regulate the self-interested behavior of business organizations for the common good.
A)True B)False
Q2) What is the "invisible hand" of Adam Smith?
Q3) According to Marx, when workers are alienated they are not truly free.
A)True B)False
Q4) The U. S. trade deficit has shrunk significantly in recent decades. A)True B)False
Q5) A basic premise of Adam Smith's is
A) human beings try to avoid acquisitive behavior.
B) when people are left to pursue their own economic interests, disaster looms.
C) the division of labor, though good for the firm, reduces overall efficiency.
D) we can secure what we need from others only by offering them something they need from us.
Q6) Is Walmart a positive or negative influence on the American economy? Justify your position with information from the "One Nation Under Walmart" article
Page 6
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Chapter 5: Corporations
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58 Verified Questions
58 Flashcards
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Sample Questions
Q1) Explain the relevance of the concept of a promissory relationship to the debate over corporate social responsibility.
Q2) The case of First National Bank of Boston v. Bellotti sharpened the legal distinction between corporations and individuals.
A)True
B)False
Q3) In the corporate world, the board of directors will
A) rubber stamp the policies and recommendations of the management.
B) write the policies and procedures.
C) be there just for show.
D) hire and fire people for key management positions.
Q4) Most Americans believe a corporation's top obligation is to its A) nation.
B) stockholders.
C) community.
D) employees.
Q5) Is Levi Strauss really hurting the people of Costa Rica by opening the operation there? List the pros and cons.
Q6) Describe the ethical challenges that Yahoo faces in the China market.
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Consumers
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65 Verified Questions
65 Flashcards
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Sample Questions
Q1) Before the case of MacPherson v. Buick Motor Car in 1916, the law based a manufacturer's liability for injuries due to a defective product on
A) the principle of strict liability.
B) the contractual relationship between the producer and the consumer.
C) the principle of the reasonable person.
D) whether or not the manufacturer exercised due care.
Q2) Give an example of manipulative pricing.
Q3) In 1972 Congress created one of the most important agencies for regulating product safety. This agency is the
A) Securities and Exchange Commission.
B) Federal Drug Administration Agency.
C) Fair Packaging and Labeling Commission.
D) Consumer Product Safety Commission.
Q4) Defend the position that advertising manipulates human needs and can create artificial ones.
Q5) "Weasel words" are words used to evade or retreat from a direct or forthright statement.
A)True
B)False
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Chapter 7: The Environment
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60 Verified Questions
60 Flashcards
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Sample Questions
Q1) "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
Q2) The moral theorist William T. Blackstone claims that the right to a livable environment
A) would solve the problem of how to conserve resources.
B) prevents the use of government regulation to control the actions of business.
C) is a fundamental human right.
D) implies that non-human animals have no genuine moral rights.
Q3) According to Cambridge University biologist Andrew Balmford, the loss of nature's services is always outweighed by the benefits of development.
A)True
B)False
Q4) Is it a moral right or privilege for human beings to live in a clean environment?
Defend your answer.
Q5) Explain a cost-benefit analysis, and how it is relevant to environmental issues.
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Chapter 8: The Workplace Basic Issues
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65 Flashcards
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Sample Questions
Q1) According to David Ewing, two factors explain the absence of civil liberties and the prevalence of authoritarianism in the workplace. Which of the following is one of them?
A) discriminatory employment practices due to strict constructionist interpretations of the Constitution
B) the rise of personnel engineering and professional management
C) the common law doctrine of eminent domain
D) employer resistance to unionization
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) A workplace environment in which employees are treated fairly and their inherent dignity respected is compatible with a firm's business goals.
A)True
B)False
Q4) What is the importance of the Taft-Hartley Act?
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Chapter 9: The Workplace Todays Challenges
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Sample Questions
Q1) An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the following is one of those sources?
A) industry's preoccupation with quality, not quantity
B) the rigidity of rules and regulations
C) the relatively small size of most U.S. corporations
D) mandatory drug testing programs used by many U.S. corporations
Q2) "Safety in the workplace is good business." Justify this statement with information from this chapter.
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) The Hawthorne effect shows
A) the importance of quality control circles.
B) that middle managers are affected by the satisfaction and dissatisfaction of the workers they supervise.
C) attention and recognition can enhance worker productivity and motivation.
D) trade-offs have to be made between productivity and quality of work life.
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Chapter 10: Moral Choices Facing Employees
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64 Verified Questions
64 Flashcards
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Sample Questions
Q1) According to Professor Norman Bowie, which of the following factors is primarily relevant to the motivation of whistle-blowers?
A) the whistle blower's feelings of duty to obey the law.
B) belief that internal channels have been exhausted.
C) their whistle blowing has some chance of success.
D) public interest morally outweighs loyalty to the organization.
Q2) The Supreme Court has rejected the idea that inside trading involves "misappropriating" confidential information.
A)True
B)False
Q3) Insider trading is the buying or selling of stocks by business "insiders" on the basis of information that has not yet been made public and is likely to affect the price of the stock.
A)True
B)False
Q4) Prudential reasons are those moral reasons that are separate from self-interest.
A)True
B)False
Q5) What arguments are given in favor of insider trading? What arguments against it?
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Chapter 11: Job Discrimination
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69 Verified Questions
69 Flashcards
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Sample Questions
Q1) The Supreme Court has ruled that sexual favoritism is a form of sexual harassment and is therefore illegal.
A)True
B)False
Q2) Explain specific steps to protect your workplace from the liability of sexual harassment by supervisors.
Q3) Affirmative action, comparable worth, and sexual harassment are connected to A) job performance.
B) job discrimination.
C) job analysis.
D) job description.
Q4) Catherine A. MacKinnon describes sexual harassment as sexual attention imposed on someone who is not in a position to refuse it.
A)True
B)False
Q5) Title VII of the Civil Rights Act of 1964 allowed sexual and racial discrimination at work until overturned by the Supreme Court.
A)True
B)False
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