Question 1

Which of the following is a straw man approach to business ethics?

Accepted Answer

A)   The Friedman doctrine
B)   Kantian ethics
C)   Sullivan's principles
D)   Utilitarian philosophy
E)   Just distribution

Question 2

Which of the following best exemplifies an ethical dilemma?

Accepted Answer

A)   Javier has been doubtful about a car he purchased recently, and hence has only been reading good reviews about the car to console himself.
B)   After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated phone he made last month.
C)   The manager at Almas Inc. has to make a vendor choice between his under qualified cousin and a highly experienced, trusted supplier.
D)   Andrew is responsible for deciding whether he should upgrade the manufacturing unit with new machines and reduce costs for the clients, or retain the impoverished manual labor.
E)   Samantha has to decide whether the annual profits of the company should be distributed to the employees as a salary hike or in the form of non-monetary benefits.

Question 3

The process of ethical decision-making or ethical algorithm typically begins with:

Accepted Answer

A)   identifying which stakeholders a decision would affect and in what ways.
B)   judging the ethics of the proposed strategic decision.
C)   managers establishing a moral intent.
D)   auditing a decision to check for its consistency with ethical principles.
E)   reviewing a decision to check for its consistency with Rawls's veil of ignorance.

Question 4

What kind of an organization culture should a business develop in order to foster ethical behavior?

Accepted Answer

To foster ethical behavior,businesses ne...

Question 5

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Accepted Answer

A) True 
 B)False

Question 6

_____ are the accepted principles of right or wrong governing the conduct of businesspeople.

Accepted Answer

A)   Business strategies
B)   Business ethics
C)   Mission statements of a business
D)   Vision statements
E)   Promissory notes

Question 7

According to _____,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Accepted Answer

A)   Milton Friedman
B)   Leon Sullivan
C)   Karl Marx
D)   Immanuel Kant
E)   David Hume

Question 8

Silver Meteorite Inc.is a multinational company whose home country,Palumbia Republic,considers grease payments as both illegal and unethical.Hence,the company has a zero-tolerance approach toward grease payments irrespective of any of its host nations' perspectives toward such payments.In this context,Silver Meteorite Inc.is following the _____ approach to ethics.

Accepted Answer

A)   naive immoralist
B)   righteous moralist
C)   cultural pluralist
D)   cultural relativist
E)   ethnocentric

Question 9

The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Accepted Answer

A) True 
 B)False

Question 10

According to Friedman doctrine,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Accepted Answer

A) True 
 B)False

Question 11

According to Milton Friedman,businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Accepted Answer

A) True 
 B)False

Question 12

In order to build large production units and expedite certain routine government actions related to this,Scorpius Inc.made legal payments to the government officials of a host nation.Such payments are typically referred to as:

Accepted Answer

A)   bribes.
B)   speed money.
C)   customs duties.
D)   excise taxes.
E)   preferred dividends.

Question 13

Discuss the arguments that are for and against the payment of bribes and speed money.

Accepted Answer

While facilitating payments,or speed mon...

Question 14

The first step to establishing a strong sense of business ethics is for a society to emphasize strong:

Accepted Answer

A)   personal ethics.
B)   class consciousness.
C)   cross-cultural literacy.
D)   organizational citizenship.
E)   ethnocentric behavior.

Question 15

When an employee says no to a supervisor because what he/she was asked to do was unethical,it exhibits the employee's:

Accepted Answer

A)   moral courage.
B)   organizational citizenship.
C)   ethical dilemma.
D)   cross-cultural literacy.
E)   cultural relativism.

Question 16

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Accepted Answer

A) True 
 B)False

Question 17

Under John Rawls' concept of veil of ignorance,people are imagined to be ignorant of their:

Accepted Answer

A)   fundamental duties.
B)   fundamental rights.
C)   particular characteristics such as race, sex, and nationality.
D)   political and economic freedom.
E)   social responsibilities.

Question 18

_____ explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Accepted Answer

A)   The Friedman doctrine
B)   The Sullivan principle
C)   Utilitarianism
D)   Marxism
E)   Kantian ethics

Question 19

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights,which itself is grounded in Kantian and rights-based theories of moral philosophy.In the context of this information,this company is most likely to:

Accepted Answer

A)   restrict its employees from joining a trade union.
B)   set unrealistic performance goals for its employees.
C)   promote employees on the sole basis of their particular characteristics such as race, sex, nationality, and class.
D)   make its employees work under unfavorable working conditions.
E)   respect the dignity of an individual and the right of employees to freedom of association.

Question 20

Which of the following is most likely to a function of ethics officers in firms?

Accepted Answer

A)   Auditing decisions to make sure they are consistent with the companies moral principles
B)   Identifying the ethical principles followed by competing companies
C)   Ensuring that the economic interests of the stakeholders is given prime importance
D)   Training managers to avoid moral imagination and veil of ignorance
E)   Informing external stakeholders about the moral intent of a decision

Exam 5: Ethics in International Business

According to Milton Friedman,businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Correct Answer
verified

The first step to establishing a strong sense of business ethics is for a society to emphasize strong:

Correct Answer
verified

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Correct Answer
verified

_____ are the accepted principles of right or wrong governing the conduct of businesspeople.

Correct Answer
verified

Discuss the arguments that are for and against the payment of bribes and speed money.

Correct Answer
verified
While facilitating payments,or speed mon...
View Answer

The process of ethical decision-making or ethical algorithm typically begins with:

Correct Answer
verified

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Correct Answer
verified

Which of the following is a straw man approach to business ethics?

Correct Answer
verified

According to Friedman doctrine,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Correct Answer
verified

The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Correct Answer
verified

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights,which itself is grounded in Kantian and rights-based theories of moral philosophy.In the context of this information,this company is most likely to:

Correct Answer
verified

Correct Answer
verified

When an employee says no to a supervisor because what he/she was asked to do was unethical,it exhibits the employee's:

Correct Answer
verified

_____ explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Correct Answer
verified

What kind of an organization culture should a business develop in order to foster ethical behavior?

Correct Answer
verified
To foster ethical behavior,businesses ne...
View Answer

Under John Rawls' concept of veil of ignorance,people are imagined to be ignorant of their:

Correct Answer
verified

Which of the following is most likely to a function of ethics officers in firms?

Correct Answer
verified

According to _____,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Correct Answer
verified

In order to build large production units and expedite certain routine government actions related to this,Scorpius Inc.made legal payments to the government officials of a host nation.Such payments are typically referred to as:

Correct Answer
verified

Which of the following best exemplifies an ethical dilemma?

Correct Answer
verified

Exam 5: Ethics in International Business

According to Milton Friedman,businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Correct AnswerverifiedShow Answer

The first step to establishing a strong sense of business ethics is for a society to emphasize strong:

Correct AnswerverifiedShow Answer

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Correct AnswerverifiedShow Answer

_____ are the accepted principles of right or wrong governing the conduct of businesspeople.

Correct AnswerverifiedShow Answer

Discuss the arguments that are for and against the payment of bribes and speed money.

Correct AnswerverifiedWhile facilitating payments,or speed mon...View AnswerShow Answer

The process of ethical decision-making or ethical algorithm typically begins with:

Correct AnswerverifiedShow Answer

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Correct AnswerverifiedShow Answer

Which of the following is a straw man approach to business ethics?

Correct AnswerverifiedShow Answer

According to Friedman doctrine,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Correct AnswerverifiedShow Answer

The concept of social responsibility refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Correct AnswerverifiedShow Answer

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights,which itself is grounded in Kantian and rights-based theories of moral philosophy.In the context of this information,this company is most likely to:

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

When an employee says no to a supervisor because what he/she was asked to do was unethical,it exhibits the employee's:

Correct AnswerverifiedShow Answer

_____ explicitly rejects the idea that businesses should undertake social expenditures beyond those mandated by the law and required for the efficient running of a business.

Correct AnswerverifiedShow Answer

What kind of an organization culture should a business develop in order to foster ethical behavior?

Correct AnswerverifiedTo foster ethical behavior,businesses ne...View AnswerShow Answer

Under John Rawls' concept of veil of ignorance,people are imagined to be ignorant of their:

Correct AnswerverifiedShow Answer

Which of the following is most likely to a function of ethics officers in firms?

Correct AnswerverifiedShow Answer

According to _____,the only social responsibility of business is to increase profits,so long as the company stays within the rules of law.

Correct AnswerverifiedShow Answer

In order to build large production units and expedite certain routine government actions related to this,Scorpius Inc.made legal payments to the government officials of a host nation.Such payments are typically referred to as:

Correct AnswerverifiedShow Answer

Which of the following best exemplifies an ethical dilemma?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
While facilitating payments,or speed mon...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
To foster ethical behavior,businesses ne...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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