In the 1700 s, why did business owners fight against unionization efforts in their workplaces? Since they owned the business, they claimed their private property rights were violated by unions. Unions had a history of violent behavior toward its own members. Unionization led workers to act more unethically in the workplace. Business owners didn't want to lose any profits because unions required goods to cost less. Why did Smith think that capitalism was superior to mercantilism? mercantilism was too unregulated and corruption-filled mercantilism allowed for too much competition which harmed businesses mercantilism only benefited the most highly-skilled workers mercantilism regulated markets while capitalism promoted competition If you were a businessperson in England during the 1500 s, why should you seek to join a chartered organization? Charter members avoided jailtime for any past and future crimes. You could gain a high rank in the royal navy through participation in chartered organizations. Chartered organizations allowed for more risky business ventures and avoided certain punishments. You would get to travel all over the world in relative safety and make lots of money in the process. Why is the approach of the total quality management of ethics process preferable to simply blaming an employee for unethical action and disciplining them accordingly? Immediately reporting a wrong will send a message to everyone else. Failing to address the concern will lead to more offenses occurring. Blaming the employee will not identify the source of the problem. It costs too much money to hire a replacement. In the interpenetrating systems model, what distinguishes the most powerful system from the other systems at work? Government is the most powerful system because it sets the rules for behaviors in all systems. Business is the most powerful system because it influences the finances of all other systems. Social is the most powerful system because it functions symbolically rather than materially. Nonprofit is the most powerful system because it isn't beholden to the regulations of other systems. Why did the religious group known as Pilgrims agree to partner with the Plymouth Company and travel to the Massachusetts settlement? Pilgrims were interested in gaining citizenship in someplace other than England and the Plymouth Company offered them the best option. They received passage to land where they could establish a religious community in exchange for establishing a trading post and exporting resources back to England. They were passionate capitalists seeking new markets for their goods. Pilgrims disliked the Puritans and wanted to escape their oversight as quickly as possible. In his Theory of Moral Sentiments, Smith argued that individuals usually within the confines of morality. maximize pleasure and minimize pain conform to the categorical imperative self-regulate their free will form self-transcendent habits One of the purposes of the Ethical Systems Model is to synthesize bestpractices in order to hire high quality workers reduce ethical risks avoid government regulation increase profits Living wage regulations are primarily enacted at the national level with local governments lagging behind federal initiatives. True False What argument should you make if you wanted to argue that capitalism is an ethically praiseworthy economic system? Capitalism is a system designed to maximize human flourishing at the expense of profit margins. Freedom means doing anything you want and capitalism promotes free actions. Capitalism promotes human solidarity and protecting the vulnerable. Free people will choose to enter markets where there is the greatest need and opportunity. According to the Code of Hammurabi, selling unowned goods, land theft, fraud, and wage disagreements are all forms of blasphemy legal plunder social mores contract violations Studies have shown that strong leader commitment to ethical behaviors has little to no effect on the amount of misconduct or illegal behaviors committed by employees. True False
