Business Ethics Multiple Choice Discussion

Business Ethics Multiple Choice Discussion

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Question 1 (4 points)

Question 1 Unsaved

What is the Myth of Amoral Business?

Question 1 options:

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A)

An unpopular view of American business.

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B)

A popular view of American business.

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C)

Reporting of scandals.

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D)

None of the above.

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Question 2 (4 points)

Question 2 Unsaved

The breakdown of the Myth of Amoral business has been signalled by:

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A)

the reporting of scandals.

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B)

the formation of groups like environmentalists and consumerists.

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C)

proliferation of corporate codes of ethical conduct and of ethics programs.

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D)

all of the above.

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Question 3 (4 points)

Question 3 Unsaved

The vocabulary of morality is:

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A)

rich and is applied to a variety of objects in a number of ways.

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B)

specific and means one thing.

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C)

clear and operates only at one level.

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D)

none of the above.

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Question 4 (4 points)

Question 4 Unsaved

If business operates within the law, does it thereby automatically operate morally?

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A)

Yes.

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B)

No.

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C)

Unrelated

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D)

Ambiguous.

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Question 5 (4 points)

Question 5 Unsaved

The aim of business ethics is:

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A)

neither defense of the status quo nor its radical change.

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B)

to implement radical change.

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C)

to represent a panacea.

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D)

none of the above.

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Question 6 (4 points)

Question 6 Unsaved

Psychologist L. Kohlberg identified which of the following:

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A)

a need for a deontological approach in society.

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B)

a psychological theory that was undisputed.

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C)

three levels of moral development, each with two stages.

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D)

that ethical theory was free of traditional investigations.

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Question 7 (4 points)

Question 7 Unsaved

One alternative to ethical relativism is:

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A)

moral relativism.

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B)

normative ethical relativism.

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C)

normative moral relativism.

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D)

moral absolutism.

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Question 8 (4 points)

Question 8 Unsaved

Most moral judgements in business are made on such generally accepted rules as:

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A)

do no harm.

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B)

do not kill.

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C)

tell the truth.

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D)

all of the above.

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Question 9 (4 points)

Question 9 Unsaved

The notions of virtue, character, moral imagination, and ideals are:

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considered mutually important with individuals.

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B)

not inter-related.

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C)

are obscure ideas and are unobtainable.

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D)

applicable more to business than to individuals.

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Question 10 (4 points)

Question 10 Unsaved

The Utilitarian approach to ethics is based on:

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A)

the greatest amount of good for the most people.

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B)

Samual Gorvitz’s research in human behavior.

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C)

being able to do something different.

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D)

is not reasonable for rational beings.

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Question 11 (4 points)

Question 11 Unsaved

In our society, unlike those of other societies, moral decisions:

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A)

hinge on consequences.

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B)

are seen the same by all groups.

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C)

do not effect laws.

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D)

all of the above.

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Question 12 (4 points)

Question 12 Unsaved

When applying Utilitarianism we:

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A)

specify action that we wish to consider.

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B)

specify all those affected by the action.

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C)

formulate the good and bad consequences for those who would be affected.

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D)

all of the above.

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Question 13 (4 points)

Question 13 Unsaved

Steps of a Utilitarian analysis include:

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A)

accurately state the action to be evaluated.

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B)

sum up all the good and bad consequences.

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C)

compare the results of the various actions.

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D)

all of the above.

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Question 14 (4 points)

Question 14 Unsaved

According to utilitarianism, we should evaluate an action by:

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A)

whether or not it satisfies our needs and wants.

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B)

determining if it has value.

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C)

looking at its consequences.

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D)

how it feels.

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Question 15 (4 points)

Question 15 Unsaved

Rational human beings can:

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A)

support the rule that lying is universally consistant.

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B)

understand the need for consistency in action.

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C)

intuitively feel extrinsic thoughts.

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D)

generally disagree with Kant.

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Question 16 (4 points)

Question 16 Unsaved

The Categorical Imperative, according to the dominant deontological postition, requires that any second-order moral law:

Question 16 options:

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A)

must respect the dignity of persons.

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B)

must be acceptable to rational beings.

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C)

both A and B.

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D)

none of the above.

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Question 17 (4 points)

Question 17 Unsaved

Many social issues and business ethics topics are discussed in terms of rights. Moral rights are:

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A)

important.

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B)

normative.

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C)

justifiable.

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D)

all of the above.

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Question 18 (4 points)

Question 18 Unsaved

Rawl’s theory of distributive justice states that principles would be:

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A)

enforceable by law.

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B)

regulated or controlled in some way.

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C)

universal and respect all persons.

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D)

none of the above.

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Question 19 (4 points)

Question 19 Unsaved

The steps of applying rights and justice include:

Question 19 options:

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A)

when rights conflict, select and explain the choice.

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B)

using the “imaginary veil of ignorance”.

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C)

considering other over-riding considerations.

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D)

all of the above.

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Question 20 (4 points)

Question 20 Unsaved

Moral imagination is a necessary ingredient in solving cases and requires:

Question 20 options:

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A)

a deontological analysis before implementing.

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B)

empathy towards others so that we feel what they feel.

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C)

a utilitarian analysis before implementing.

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D)

No analysis.

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Question 21 (4 points)

Question 21 Unsaved

Agent responsibility is:

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A)

frequently found in business and is often complex.

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B)

not easily identified.

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C)

straight-forward.

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D)

having few people involved.

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Question 22 (4 points)

Question 22 Unsaved

Steps of a General Moral Analysis involve:

Question 22 options:

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A)

creating a mathematical model.

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B)

limiting the analysis to match a desired outcome.

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C)

using the fundamentals of Prometheus.

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D)

none of the above.

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Question 23 (4 points)

Question 23 Unsaved

One of the objections to Utilitarianism is:

Question 23 options:

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A)

that it doesn’t adapt to a change in morals.

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B)

that the ideals are old fashioned.

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C)

that no one has the time to calculate all the consequences of an action beforehand.

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D)

that it relies on the Bible for the basis of moral judgements.

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Question 24 (4 points)

Question 24 Unsaved

Economic models are often compared to:

Question 24 options:

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A)

chess and Chinese checkers.

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B)

war games.

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C)

theological analysis.

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D)

humanology.

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Question 25 (4 points)

Question 25 Unsaved

In a free market the government:

Question 25 options:

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A)

sets wages.

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B)

controls production.

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C)

sets prices.

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D)

none of the above.

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Question 26 (4 points)

Question 26 Unsaved

A partial model of socialism would include the following features:

Question 26 options:

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A)

an industrial base.

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B)

centralized planning.

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C)

both A and B.

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D)

none of the above.

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Question 27 (4 points)

Question 27 Unsaved

Which American philosopher believes justice is best served if people are put behind a veil of ignorance?

Question 27 options:

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A)

Lawrence Kohlberg.

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B)

Jeremy Bentham.

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C)

John Rawls.

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D)

Immanuel Kant.

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Question 28 (4 points)

Question 28 Unsaved

The most virulent attack on capitalism comes from:

Question 28 options:

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A)

Adam Smith.

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B)

Karl Marx.

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C)

Third world countries.

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D)

Warren Buffet.

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Question 29 (4 points)

Question 29 Unsaved

Capitalism historically suffers from cyclical crises. The U.S. government attempts to keep the cycles from rising or falling too sharply by:

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A)

enacting fiscal and monetary policies.

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B)

controlling its spending.

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C)

both A and B.

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D)

none of the above.

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Question 30 (4 points)

Question 30 Unsaved

Marx’s “Labor Theory of Value”, has as a basic premise that:

Question 30 options:

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A)

Capitalism cannot exist without exploiting the worker.

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B)

the worker is the primary benefactor.

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C)

trickle down economics will prevail.

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D)

in a capitalist economy human labor is sold for more than its worth.

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Question 31 (4 points)

Question 31 Unsaved

The defense of the American Free Enterprise system includes:

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A)

emphasis on its values.

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B)

its historic record in producing wealth.

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C)

it’s preferability to socialist societies.

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D)

all of the above.

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Question 32 (4 points)

Question 32 Unsaved

The libertarian view of government is:

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A)

the government should provide for all through welfare and other programs.

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B)

that government should regulate all businesses.

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C)

that government is to protect people and property from foreign attack.

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D)

none of the above.

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Question 33 (4 points)

Question 33 Unsaved

A major complaint against the World Trade Organization (WTO) is:

Question 33 options:

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A)

that the conditions of trade are unfair to less developed nations.

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B)

that the WTO does not formally announce when it is meeting.

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C)

that the WTO process is undemocratic and lacks transparency.

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D)

both A and C.

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Question 34 (4 points)

Question 34 Unsaved

A solution to excessive executive compensation that was adopted by the Sarbanes-Oxley Act was:

Question 34 options:

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A)

that the compensation board cap CEO salaries at a level of 40 times the lowest paid workers.

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B)

that the compensation committee of the board be composed entirely of independent directors.

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C)

that the CEO not be able to determine their salary.

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D)

that the compensation of the CEO be set at a level equal with that of their peers at competing firms.

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Question 35 (4 points)

Question 35 Unsaved

Section 302 of the Sarbanes-Oxley Act is a section that has probably received the most attention. This is because of its requirement that:

Question 35 options:

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A)

there are penalties of $5 million dollars and 20 years in prison for willful violations.

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B)

that the CEO and CFO both certify that the board has processes to catch problems.

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C)

the CEO and CFO both certify the fairness and accuracy of financial statements.

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D)

all of the above.

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