MSB - 201 (BYU) QUESTIONS AND ANSWERS 100%
CORRECT.
The three organizations we will focus on in this course are... Answer - The
family, nonprofit organizations, for-profit organizations
By using the factors of production efficiently, a company can produce more
products and services with the same resources, increasing productivity. Which
of the following are considered factors of production? Answer - Natural
Resources, Labor (human resources), capital, entrepreneurship
The term "___________" means that human needs or wants for goods,
services, and resources exceed what is available. Answer - Scarcity
Adam Smith felt that capitalism, a system of free markets, free enterprise, and
private control of property, was the ideal economy, while Karl Marx thought
that a state owned and controlled economy would be best. Answer - True
Normative ethics builds on the social sciences such as psychology, sociology,
and economics to help us better understand right from wrong. Answer - False
(normative ethics is built on theology and philosophy)
Joe Paterno was a legendary football coach at Penn State who lost his
reputation because of a lack of skill in dealing with a serious ethical issue.
Answer - True
, Theranos is a company that produces a machine that can test blood for a
variety of diseases using only a pinprick's worth of blood. Answer - False
The Vision of the BYU Marriott School is as follows: "We aspire to transform the
world through Christlike leadership." Answer - True
In his dedicatory prayer for the Bell Tower during the BYU Centennial, President
Kimball prayed that "the morality of the graduates of this university will
provide the music of hope for the inhabitants of this planet." Answer - True
In their work on ethics in organizations, Dr. Agle and his colleagues found that
over 95% of all ethical dilemmas could be found in a list of 20 dilemmas.
Answer - False (there are 13 dilemma types)
The Venn Diagram model of ethical leadership contains three dimensions:
values and desires, character, and knowledge and skills. Answer - True
It is easy to be cynical about business ethics because there are so many
unethical business people in the world. Answer - True
Many people enjoy a good standard of living because of ethical business
people. Answer - True
Behavioral ethics are based in the social sciences and help us to better
understand why business people do what they do when it comes to ethics.
Answer - True
Nathan left Frank's office unsure of what to do. Frank, the managing partner of
the firm, had just asked him to file a return for a major client improperly
showing zero fines or underpayment penalties. This client was important to the
CORRECT.
The three organizations we will focus on in this course are... Answer - The
family, nonprofit organizations, for-profit organizations
By using the factors of production efficiently, a company can produce more
products and services with the same resources, increasing productivity. Which
of the following are considered factors of production? Answer - Natural
Resources, Labor (human resources), capital, entrepreneurship
The term "___________" means that human needs or wants for goods,
services, and resources exceed what is available. Answer - Scarcity
Adam Smith felt that capitalism, a system of free markets, free enterprise, and
private control of property, was the ideal economy, while Karl Marx thought
that a state owned and controlled economy would be best. Answer - True
Normative ethics builds on the social sciences such as psychology, sociology,
and economics to help us better understand right from wrong. Answer - False
(normative ethics is built on theology and philosophy)
Joe Paterno was a legendary football coach at Penn State who lost his
reputation because of a lack of skill in dealing with a serious ethical issue.
Answer - True
, Theranos is a company that produces a machine that can test blood for a
variety of diseases using only a pinprick's worth of blood. Answer - False
The Vision of the BYU Marriott School is as follows: "We aspire to transform the
world through Christlike leadership." Answer - True
In his dedicatory prayer for the Bell Tower during the BYU Centennial, President
Kimball prayed that "the morality of the graduates of this university will
provide the music of hope for the inhabitants of this planet." Answer - True
In their work on ethics in organizations, Dr. Agle and his colleagues found that
over 95% of all ethical dilemmas could be found in a list of 20 dilemmas.
Answer - False (there are 13 dilemma types)
The Venn Diagram model of ethical leadership contains three dimensions:
values and desires, character, and knowledge and skills. Answer - True
It is easy to be cynical about business ethics because there are so many
unethical business people in the world. Answer - True
Many people enjoy a good standard of living because of ethical business
people. Answer - True
Behavioral ethics are based in the social sciences and help us to better
understand why business people do what they do when it comes to ethics.
Answer - True
Nathan left Frank's office unsure of what to do. Frank, the managing partner of
the firm, had just asked him to file a return for a major client improperly
showing zero fines or underpayment penalties. This client was important to the
