MNGT 482: Exam 1 Practice Questions and Answers

MNGT 482: Exam 1 Practice Questions and Answers Why should business be ethical? a. Most people want to act in ways that are consistent with their own sense of right and wrong b. Ethical behavior protects business firms from abuse by unethical employees and competitors c. Society's stakeholders expect it from businesses d. All of the above - Ans:-d. All of the above Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions? a. Marketing a pesticide abroad that has been banned in the U.S. b. Manufacturing and marketing lead-paint that has been banned in the U.S. c. Hiring children age 16 and under to work in overseas manufacturing plants ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 2/27 d. All of the above e. Only (a) and (b) are correct - Ans:-d. All of the above Mature adults typically base their ethical reasoning on broad principles and relationships such as: a. Human rights and constitutional guarantees of human dignity b. Universal principles of justice c. Customs and traditions shown by their peers d. All of the above e. Only (a) and (b) are correct - Ans:-e. Only (a) and (b) are correct Which of the following is true about justice reasoning? a. The reasoner considers who pays the costs and who receives the benefits b. The reasoner seeks a fair distribution to all affected c. The reasoner relies upon some accepted rule or standard d. All of the above - Ans:-b. The reasoner seeks a fair distribution to all affected ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 3/27 Utilitarian reasoning primarily considers which of the following? a. The end results of an action b. The rights of the unprotected c. The distribution of benefits d. All of the above - Ans:-a. The end results of an action The core components upon which a company's ethical performance depends include: a. The values and virtues of the managers b. The personal character of the managers and employees c. The traditions, attitudes, and business practices built into a company's culture d. All of the above - Ans:-d. All of the above Which component of an organizational ethical climate focuses on personal morality and parallels the post conventional level of moral development? ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 4/27 a. Egoism b. Benevolence c. Principle - Ans:-c. Principle Compliance-based and integrity based ethics programs are two approaches to provide ethical awareness and directions to managers and employees. a. True b. False - Ans:-a. True The creation of an ethics policy by itself is not sufficient and must be followed up with which of the following to ensure that the policy's provisions actually influence day-to-day company activities? a. Staffing an ethics and compliance officer b. Employee ethics training c. Ethics audits d. All of the above - Ans:-b. Employee ethics training ©GRACEAMELIA 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH OCTOBER 2024 Page 5/27 Which of the following statements is true regarding ethics and the law? a. Laws cannot always define proper action b. Ethical principles are broader than laws c. Sometimes businesses or industries preempt legislation and voluntarily adopt ethically based practices d. All of the above - Ans:-d. All of the above According to system theory, businesses are embedded in a broa