MSB - 201 (BYU) QUESTIONS COMPLETE
WITH VERIFIED ANSWERS
\.The three organizations we will focus on in this course are... - ANSWERS✔-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? - ANSWERS✔-Natural
Resources, Labor (human resources), capital, entrepreneurship
\.The term "___________" means that human needs or wants for goods, services,
and resources exceed what is available. - ANSWERS✔-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. - ANSWERS✔-True
\.Normative ethics builds on the social sciences such as psychology, sociology, and
economics to help us better understand right from wrong. - ANSWERS✔-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. - ANSWERS✔-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. - ANSWERS✔-False
\.The Vision of the BYU Marriott School is as follows: "We aspire to transform the
world through Christlike leadership." - ANSWERS✔-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." - ANSWERS✔-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. -
ANSWERS✔-False (there are 13 dilemma types)
\.The Venn Diagram model of ethical leadership contains three dimensions: values
and desires, character, and knowledge and skills. - ANSWERS✔-True
\.It is easy to be cynical about business ethics because there are so many
unethical business people in the world. - ANSWERS✔-True
\.Many people enjoy a good standard of living because of ethical business people.
- ANSWERS✔-True
WITH VERIFIED ANSWERS
\.The three organizations we will focus on in this course are... - ANSWERS✔-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? - ANSWERS✔-Natural
Resources, Labor (human resources), capital, entrepreneurship
\.The term "___________" means that human needs or wants for goods, services,
and resources exceed what is available. - ANSWERS✔-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. - ANSWERS✔-True
\.Normative ethics builds on the social sciences such as psychology, sociology, and
economics to help us better understand right from wrong. - ANSWERS✔-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. - ANSWERS✔-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. - ANSWERS✔-False
\.The Vision of the BYU Marriott School is as follows: "We aspire to transform the
world through Christlike leadership." - ANSWERS✔-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." - ANSWERS✔-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. -
ANSWERS✔-False (there are 13 dilemma types)
\.The Venn Diagram model of ethical leadership contains three dimensions: values
and desires, character, and knowledge and skills. - ANSWERS✔-True
\.It is easy to be cynical about business ethics because there are so many
unethical business people in the world. - ANSWERS✔-True
\.Many people enjoy a good standard of living because of ethical business people.
- ANSWERS✔-True
