CHAPTER 1 True/False Questions;1. Ethical decision making in business is limited to major corporate decisions with dramatic social consequences.;f;2. In business, every decision can be covered by economic, legal, or company rules and regulations.;f;3. The direct costs of unethical business practice are more visible today than they have ever been before.;t;4. In a general sense, a business stakeholder is one who has made substantial financial investments in the business.;f;5. A firm?s ethical reputation cannot provide a competitive advantage in the marketplace with customers, suppliers, and employees.;t;6. Ethics refers to how human beings should properly live their lives.;t;7. Ethical business leadership is the only skill to create circumstances in which bad people are taught to do good.;f;8. The well-being promoted by ethical values is not a personal and selfish well-being.;t;9. Societies that value individual freedom will not be reluctant to legally require acts of charity, personal integrity, and common decency.;t;10. Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.;t;CHAPTER 2 Multiple Choice;11. The first step in making decisions that are ethically responsible is to;a. determine the facts.;b. consider the available alternatives.;c. monitor and learn from the outcomes.;d. identify and consider the impact of the decision on stakeholders.;12. Which of the following is the second step of the ethical decision-making process?;a. Considering available alternatives;b. Making the decision;c. Identifying the ethical issues involved;d. Considering the impact of the on stakeholders;13. Kathy, your best friend and class mate, tells you facts related to an ethical issue and asks you to help her with a challenging ethical predicament. Which of the following would be your first step in the decision making process?;a. Identifying the ethical issue she faces;b. Considering the available alternatives;c. Determining the facts of the situation;d. Making the decision;14. Which of the following terms refers to shortsightedness about values?;a. Inattentional blindness;b. Change blindness;c. Normative myopia;d. Descriptive ignorance;15. The inability to recognize ethical issues is known as _____.;a. inattentional blindness;b. normative myopia;c. change blindness;d. descriptive ignorance;16. Which of the following statements reflects the concept of normative myopia?;a. ?I was so involved in our debate that I missed the red light.?;b. ?I never expected Draco to steal from me, he has been my friend for so long.?;c. ?Brad met with an accident because he was drunk while driving. I hope he has learnt his lesson.?;d. ?I may have exaggerated the features of the product to get this sale. You knew how important this deal was for me.?;17. If we are told specifically to pay attention to a particular element of a decision or event, we are likely to miss all of the surrounding details, no matter how obvious. According to Bazerman and Chugh, this phenomenon is known as _____.;a. inattentional blindness;b. descriptive ignorance;c. change blindness;d. normative myopia;18. The Arthur Andersen auditors did not notice how low Enron had fallen in terms of its unethical decisions over a period of time. According to Bazerman and Chugh, this omission is an example of ____.;a. inattentional blindness;b. descriptive ignorance;c. change blindness;d. normative myopia;19. Which of the following is true of change blindness?;a. It occurs when decision makers fail to notice gradual variations over time.;b. It refers to the shortsightedness about values.;c. It distinguishes good people who make ethically responsible decisions from good people who do not.;d. It results from focusing failures.;20. Jim resides in the vicinity of a steel manufacturing firm. Any changes in the pollution control or waste treatment policy of the firm indirectly affects Jim. In this sense, Jim is a(n) _____.;a. shareholder;b. employee of the firm;c. observer;d. stakeholder;CHAPTER 3 True/False Questions;21. A philosophical and reasoned ethics must provide justifications for why a human being should act and decide in a particular prescribed way.;22. Principle-based ethics direct us to consider the moral character of individuals and how various character traits can contribute to, or obstruct a happy and meaningful human life.;23. Utilitarianism has been called a consequentialist approach to ethics and social policy.;24. Utilitarianism is a social philosophy that opposes policies that aim to benefit only a small social, economic, or political minority.;25. The ?administrative? version of utilitarianism considers competitive markets to be the most efficient means of maximizing happiness.;26. Utilitarians would not object to child labor as a matter of principle.;27. A principle-based framework defines a set of rules that enforces us to act or decide in certain ways.;28. According to a principle-based ethical framework, social contract functions to organize and ease relations between individuals.;29. The concept of a human or moral right is central to the utilitarian ethical tradition.;30. Employees have a right to a minimum wage, equal opportunity, and to bargain collectively as part of a union. These rights are examples of contractual agreements with employers.;CHAPTER 4 ? Multiple Choice;31. Corporate culture;a. is fashioned by a shared pattern of beliefs, expectations, and meanings that influence and guide the thinking and behaviors of the members of that organization.;b. shapes the people who are members of the organization, but it is not shaped by the people who comprise that organization.;c. is not influenced by unspoken standards and expectations.;d. is generally easy to modify.;32. Which of the following situations could result in the business culture becoming a determining factor in ethical decision making?;a. Lack of competition;b. Law providing incomplete s;c. Lack of strong leadership;d. Stagnant or decreasing profits;33. Which of the following statements is true of ethical cultures?;a. Workplace ethical cultures have no impact on decision making.;b. Subordinates are expected not to act unless directed by superior authorities.;c. Decisions are expected to be taken based on laws and not on ethical values.;d. Employees are expected to act in responsible ways, even if the law does not require it.;34. According to the _____ ethics tradition, people act out of habit than out of deliberations.;a. Kantian;b. virtue;c. utilitarian;d. principle-based;35. Which of the following is a traditional approach to corporate culture?;a. Values-based;b. Integrity-based;c. Customer-based;d. Compliance-based;36. Which of the following is emphasized by a compliance-based culture?;a. Reliance on personal integrity of employees for decision making;b. Use of values as the principle for decision making;c. Obedience to rules as the primary responsibility of ethics;d. Reinforcement of a set of values rather than a set of rules;37. Which of the following cultures will empower legal counsel and audit offices to mandate and to monitor conformity with the law and with internal codes?;a. Customer-based culture;b. Integrity-based culture;c. Values-based culture;d. Compliance-based culture;38. Which of the following is true about an integrity-based culture?;a. It reinforces a particular set of rules.;b. It reinforces a particular set of values.;c. It empowers legal bodies to monitor compliance.;d. It emphasizes rules as the primary responsibility of ethics.;39. When would a values-based culture rely on the personal integrity of its workforce for making decisions?;a. In situations where the rules of the organization do not apply;b. When legal bodies are empowered to monitor compliance;c. In situations where rules are applicable to make decisions;d. In situations where a set of principles should be enforced;40. Which of the following is true about a compliance-based culture and/or a value-based culture?;a. A compliance-based culture recognizes that where a rule does not apply the firm must rely on the personal integrity of its workforce when decisions need to be made.;b. A values-based culture is one that reinforces a particular set of rules rather than a particular set of values.;c. Values-based organizations include a compliance structure.;d. Value-based organizations do not have codes of conduct.;CHAPTER 5 True/False Questions;41. Legislators created a form of business called corporations to encourage people to engage in business activities.;42. The economic model of corporate social responsibility holds that businesses should integrate social goals and economic goals.;43. The philanthropic model holds that business has a strict obligation to contribute to social causes.;44. Socially responsible activities are never done for building the reputation of a firm within the philanthropy model.;45. The social web model views business as a citizen of the society and, like all members of a society, business must conform to the normal ethical duties and obligations that we all face.;46. Stakeholder theory recognizes the fact that every business decision affects a wide variety of people, benefiting some and imposing costs on others.;47. Stakeholder theory directly contradicts the social web model.;48. Stakeholder theory states that a firm should be managed for the sole benefit of stockholders.;49. The sustainability version of corporate social responsibility suggests that the long-term financial well-being of every firm is directly tied to questions of how the firm both affects and is affected by the natural environment.;50. ?Enlightened self-interest? presumes that good ethics is also good business.
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