QUESTION $1$

What identifies the Moral Minimum model?

a$.$

Causing no harm while maximizing profits

b$.$

Relies on Utilitarian ethics as a model and justification

c$.$

Legal Compliance

d$.$

Both A and C

$10$ points

QUESTION $2$

$$I am the I in Ethics$$ is a slogan that represents:

a$.$

How important individual character, actions and decisions, consideration of relationships, and resulting consequences of actions and decisions are to any organization

b$.$

A reflection of the acceptance of personal responsibility for developing ethical character traits, ethical behaviors, and actively seeking beneficial consequences for all stakeholders

c$.$

Just a catchy phrase to put a spotlight on ethics in business

d$.$

Both A and B

$10$ points

QUESTION $3$

Front line defenses for maintaining an ethical business culture include:

a$.$

Individuals within the organization $$ top to bottom $$ hold strong moral character traits

b$.$

Actions and examples from top leaders combined with leadership from corporate attorneys, accountants and auditors for their expert advice.

c$.$

All of the above

d$.$

Human Resource professionals who understand their loyalty is to the overall well$-$being of the organization, not simply to those in power

$10$ points

QUESTION $4$

Some of the benefits of doing the right thing include:

a$.$

Providing strong ethical leadership in word and deed, creating an ethical organizational culture

b$.$

Moving away from scandal and deterioration for individuals and organizations

c$.$

Moving toward flourishing and happiness for individuals and organizations

d$.$

All of the above

$10$ points

QUESTION $5$

The top three business models for implementing corporate social responsibility include:

a$.$

Profit Maximization, Private Property, Owners$$ Authority

b$.$

Shareholder, Stakeholder, Moral Minimum

c$.$

Market Failures, Corporate Social Responsibility, Free Market

d$.$

Profit Maximization, Legal Compliance, Consideration of All Stakeholders

e$.$

Both B and D

$10$ points

QUESTION $6$

Some of the challenges to doing the right thing include:

a$.$

Differing perspectives from colleagues in addressing a problem

b$.$

Pressures to protect sacred cows

c$.$

Personal limitations$,$ such as human egos, not learning from the past, foregoing thoughtful evaluation of our own actions and decisions, lack of courage, lack of knowledge around the original problem and solution

d$.$

Time pressures

e$.$

All of the above

$10$ points

QUESTION $7$

Market failures:

a$.$

Result when the invisible hand of the free market is insufficient to protect society as a whole from those merely seeking profit

b$.$

Are created when the foundational principle of the $$free market$$ fails to do what it was intended to do

c$.$

Result in harms to society

d$.$

All of the above

$10$ points

QUESTION $8$

Ethically, the Shareholder Model differs from the Stakeholder Model in what important way?

a$.$

Shareholder Model: a business is private property for the owners, and all employees must fulfill their sole responsibility to make as much money as possible for the owners versus Stakeholder Model: businesses create value through the cooperation of both internal and external stakeholders

b$.$

All of the above

c$.$

Shareholder Model: profit maximization is the only goal versus Stakeholder Model: consideration of all stakeholders must drive business decisions

d$.$

None of the above

e$.$

Shareholder Model: Business owners have sole authority to decide how to use their profits versus Stakeholder Model: managers are ethically obligated to create as much value for stakeholders $($not just shareholders$)$ as possible