WGU C717 BUSINESS ETHICS FINAL TEST
2026 QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ How could corporate ethics have played a role in this failure?.
Answer: Ebbers just believed in growth through acquisition, codes of
conduct are a waste of timenew regime has guiding principles
◍ Steven Ethical Dilemma: Define the ethical issue.
Answer: What should Steven do about:1. The unsanitary conditions at the
restaurant?-Say something?-What?-To whom?2. The culture at the
restaurant?
◍ Which of the following are examples of situations in which cooperation has
a more optimal outcome than competition ?.
Answer: Prisoners ' dilemma cases
◍ whistle-blowing.
Answer: exposing an employer's wrongdoing to outsiders such as the media
or government regulatory agencies
◍ Challenges to the utilitarian defense of the economic model of corporate
social responsibility focus on ..
Answer: the adequacy of free markets as means to the ends of maximally
satisfying consumer demand
◍ Occupational Safety and Health Administration (OSHA).
Answer: enforces safe and healthy working conditions and makes regular
surprise inspections to ensure businesses maintain safe working
environments
◍ Key elements of an effective corporate Ethics Helpline.
, Answer: -user-friendly-confidential-anonymous-non-retaliatory-independent
◍ Identify a true statement about free market defenders ..
Answer: They support legislation to create shadow prices for unpriced social
goods or for exempting such goods from the market .
◍ Externalities , such as pollution and resource depletion , provide examples
of market failures as they.
Answer: give cases of efficiently functioning markets failing to achieve
optimal results
◍ Alternative policies that can address the negative consequences of individual
pursuit of self - interest in markets can be considered only if one ..
Answer: examines this issue from a social - perspective rather than an
individualistic one
◍ Which of the following is true of the economic model of corporate social
responsibility ?.
Answer: The goal of business should be to maximize profits within the law .
◍ According to our authors, organizational cultures can be classified as:.
Answer: all of the abovea. apatheticb. caringc. exactingd. integrative
◍ If a society wishes to address the concerns on what is good and rational for a
collection of individuals or society , it will need to rely on.
Answer: public decision - making mechanisms
◍ criminal law.
Answer: not only prohibits specific actions - such as fraud, theft, or
securities trading violations - but also imposes fines or imprisonment as
punishment for breaking the law-beyond reasonable doubt (higher standard,
burden)-jail or prison; fines-public (prosecutor represents community)
◍ Identify a true statement about an inappropriate influence in business ,
according to the economic model of corporate social responsibility ..
Answer: It is the influence aimed at protecting the interests of business
◍ Market failure occurs in situations in which pursuit of . results in a worse
, outcome than what would have occurred had the parties ' behavior been
coordinated.
Answer: rational self - interest
◍ compliance orientation.
Answer: -requires employees to commit to specific required conduct-uses
legal terms, statutes, and the like to teach employees the rules and penalties
for noncompliance
◍ Certain situations are called market failures because in such cases markets.
Answer: fail to do what they were designed to do
◍ A close consideration of the consequences of an efficiently functioning
market suggests that the economic consequences of free market economics.
Answer: cannot provide a conclusive ethical rationale for the market
◍ Food and Drug Administration (FDA).
Answer: a federal agency of the United States Department of Health and
Human Services that has stringent standards for approving drugs
◍ Following Adam Smith , the economic model of corporate social
responsibility argues that the best means for attaining the ethical goal of
maximizing happiness by adopting a economic system ..
Answer: O free market
◍ A variety of situations in which the pursuit of profit will not result in a net
increase in consumer satisfaction are known as.
Answer: Market failures
◍ the obvious remedy for social harms resulting from market failures as it is
the appropriate mechanism for addressing social goods that are unattainable
through individual choice ..
Answer: The law
◍ Which of the following includes a requirement that management assess the
effectiveness of an organization's internal controls and commission audits of
these controls by an external auditor in conjunction with the audit of its
2026 QUESTIONS WITH CORRECT
ANSWERS GRADED A+
◍ How could corporate ethics have played a role in this failure?.
Answer: Ebbers just believed in growth through acquisition, codes of
conduct are a waste of timenew regime has guiding principles
◍ Steven Ethical Dilemma: Define the ethical issue.
Answer: What should Steven do about:1. The unsanitary conditions at the
restaurant?-Say something?-What?-To whom?2. The culture at the
restaurant?
◍ Which of the following are examples of situations in which cooperation has
a more optimal outcome than competition ?.
Answer: Prisoners ' dilemma cases
◍ whistle-blowing.
Answer: exposing an employer's wrongdoing to outsiders such as the media
or government regulatory agencies
◍ Challenges to the utilitarian defense of the economic model of corporate
social responsibility focus on ..
Answer: the adequacy of free markets as means to the ends of maximally
satisfying consumer demand
◍ Occupational Safety and Health Administration (OSHA).
Answer: enforces safe and healthy working conditions and makes regular
surprise inspections to ensure businesses maintain safe working
environments
◍ Key elements of an effective corporate Ethics Helpline.
, Answer: -user-friendly-confidential-anonymous-non-retaliatory-independent
◍ Identify a true statement about free market defenders ..
Answer: They support legislation to create shadow prices for unpriced social
goods or for exempting such goods from the market .
◍ Externalities , such as pollution and resource depletion , provide examples
of market failures as they.
Answer: give cases of efficiently functioning markets failing to achieve
optimal results
◍ Alternative policies that can address the negative consequences of individual
pursuit of self - interest in markets can be considered only if one ..
Answer: examines this issue from a social - perspective rather than an
individualistic one
◍ Which of the following is true of the economic model of corporate social
responsibility ?.
Answer: The goal of business should be to maximize profits within the law .
◍ According to our authors, organizational cultures can be classified as:.
Answer: all of the abovea. apatheticb. caringc. exactingd. integrative
◍ If a society wishes to address the concerns on what is good and rational for a
collection of individuals or society , it will need to rely on.
Answer: public decision - making mechanisms
◍ criminal law.
Answer: not only prohibits specific actions - such as fraud, theft, or
securities trading violations - but also imposes fines or imprisonment as
punishment for breaking the law-beyond reasonable doubt (higher standard,
burden)-jail or prison; fines-public (prosecutor represents community)
◍ Identify a true statement about an inappropriate influence in business ,
according to the economic model of corporate social responsibility ..
Answer: It is the influence aimed at protecting the interests of business
◍ Market failure occurs in situations in which pursuit of . results in a worse
, outcome than what would have occurred had the parties ' behavior been
coordinated.
Answer: rational self - interest
◍ compliance orientation.
Answer: -requires employees to commit to specific required conduct-uses
legal terms, statutes, and the like to teach employees the rules and penalties
for noncompliance
◍ Certain situations are called market failures because in such cases markets.
Answer: fail to do what they were designed to do
◍ A close consideration of the consequences of an efficiently functioning
market suggests that the economic consequences of free market economics.
Answer: cannot provide a conclusive ethical rationale for the market
◍ Food and Drug Administration (FDA).
Answer: a federal agency of the United States Department of Health and
Human Services that has stringent standards for approving drugs
◍ Following Adam Smith , the economic model of corporate social
responsibility argues that the best means for attaining the ethical goal of
maximizing happiness by adopting a economic system ..
Answer: O free market
◍ A variety of situations in which the pursuit of profit will not result in a net
increase in consumer satisfaction are known as.
Answer: Market failures
◍ the obvious remedy for social harms resulting from market failures as it is
the appropriate mechanism for addressing social goods that are unattainable
through individual choice ..
Answer: The law
◍ Which of the following includes a requirement that management assess the
effectiveness of an organization's internal controls and commission audits of
these controls by an external auditor in conjunction with the audit of its
