Exam 2: Business Ethics

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A) To maximize the amount of wealth in society
B) To possess a large enough supply of goods and services to meet basic demands
C) To be safe from those wishing to interfere with your property rights.
D) To treat all humans identically,regardless of race,class,gender,age and sexual preference.
E) To possess the capacity or resources to act as one wishes

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D

A) Golden rule
B) World rule
C) Public disclosure
D) Relevant disclosure
E) Universalization test

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Student answers will likely va...

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A) It applies utilitarianism.
B) It applies corporate ethics principles.
C) It holds that a cost-benefit analysis should be applied.
D) It holds that whether an action is moral does not depend on the perspective of the person facing the ethical dilemma.
E) It applies virtue ethics and concentrates on the accepted values of the person at issue as well as those of the community involved.

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A) Deontology
B) Rule utilitarianism
C) Ethical relativism
D) Act utilitarianism
E) Virtue ethics

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A) Deontology
B) Situational ethics
C) Rule utilitarianism
D) Act utilitarianism
E) Virtue ethics

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A

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A) Efficiency,security,profit maximization,and ethics
B) Security,ethics,community standards,and universalization
C) Ethics,efficiency,golden,and television test
D) Ethics,community standards,golden rule,and universalization
E) Freedom,security,justice,and efficiency

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A) Business utilitarianism
B) Business ethics
C) Situational ethics
D) Sarbanes-Oxley principles
E) Consequentialism

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B

A) Like ethical relativism,situational ethics requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma;but unlike ethical relativism,situational ethics allows us to judge other people's actions.
B) While the two theories are similar,ethical relativism upholds the existence of objective moral standards whereas situational ethics refuses to recognize the existence of objective moral standards.
C) Like ethical relativism,situational ethics requires that we evaluate the morality of an action by imagining ourselves in the position of the person facing the ethical dilemma and also like ethical relativism,situational ethics allows us to judge the actions of others.
D) There is no relationship between ethical relativism and situational ethics because the theories are fundamentally opposed to each other.
E) Ethical relativism and situational ethics are the same theory.

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A) When decisions are made,the interest of the community as a whole is considered last.
B) The interest of owners is ranked higher than that of both employees and management when decisions are made.
C) There is not a framework under WPH for ranking one stakeholder above another.
D) The interest of management is ranked higher than that of employees when decisions are made.
E) The interest of management is ranked higher than that of employees when decisions are made,but the interest of owners is ranked higher than the interest of any group.

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A) Foreign entities,government officials,public/private partnerships
B) Legislatures,ethicists,owners
C) Consumers,owners and management
D) Shareholders,foreign entities,legislatures
E) Communities,public/private partnerships,and owners

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A) It should honor them anyway,to a certain extent,because of the threat that legislation will impose social obligations on them.
B) It should ignore them completely because a company's ethical obligation is to maximize profits to shareholders.
C) It should ignore them completely because a company's only obligation is to obey the law.
D) It should ignore them completely because it is the company's choice whether to comply with the desires of the community.
E) It should inform the community it will not honor its expectations because the company has a moral obligation to provide this information.

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A) Business ethics results in a set of correct decisions and does not simply refer to standards of business conduct.
B) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of rule utilitarianism is followed.
C) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of virtue ethics is followed.
D) Business ethics produces a list of correct business decisions that all ethical businesses will make so long as the theory of deontology is followed.
E) Business ethics refers to standards of business conduct but does not result in a set of correct decisions.

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A) To possess the capacity or resources to act as one wishes
B) To possess anything that someone is willing to grant you.
C) To possess a large enough supply of goods and services to meet basic needs
D) To maximize the amount of wealth in society
E) To treat all humans identically,regardless of race,class,gender,age and sexual preference.

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