Philosophy (Business of Ethical)

question 1

In order for a person to make an ethical decision, they must first

Select one:

a. know all the laws of the United States

b. consult with others in their organization

c. realize that an ethical dilemma or question exists

d. take a course in business ethics

Question 2

The word nuanced means

Select one:

a. difficult or nearly impossible to understand

b. innocent or naive

c. derived from the law

d. subtle, with many sides or factors to it

Question 3

In the 21st century, a new form of Smith's view: (choose as many that apply)

Choose all that are correct

a. is emerging

b. is called enlightened capitalism

c. emphasizes stakeholder concerns and issues

d. is replacing Milton Friedman's views

e. emphasizes that profits are the sole purpose of business

Question 4

In the context if your textbook, "principles" means:

Select one:

a. market factors and stakeholder values

b. specific boundaries for behavior that are universal and absolute

c. manners and norms

d. implicit and explicit norms

Question 5

To be a proactive leader in ethics, one must

Choose all that are correct

a. research "best practices" in ethics

b. wait until an ethical problem has arisen

c. regard everyone as equally capable of finding the ethical problem

d. consult with everyone involved before making a decision

e. make the best decision in advance of the problem arising

Question 6

Reciprocity is defined as (choose as many as apply):

Choose all that are correct

a. giving and receiving favors of approximately equal value

b. optimism

c. a substantial aspect of fairness

d. not as important in business as other values

Question 7

If a corporate culture is filled with unethical conduct, an ethical employee:

Choose all that are correct

a. may wish to make an anonymous report to an authority

b. may report the behavior and be called a traitor

c. may get fired for reporting

d. may win a lawsuit if they are fired

e. should expect rewards for their reports