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Chapter 02 Business Ethics
f f f
MULTIPLEfCHOICEfQUESTIONS
1) Ethicalfconversationfisfprimarilyfaboutffindingfthefonefandfonlyfrightfthingftofdo.
A) True
B) False
2) Businessf ethicsf isf thef applicationf off ethicsf tof thef specialf problemsf andf opportunitiesf experiencedfbyf
businessf people.
A) True
B) False
3) Businessfethicsfresultsfinfafsetfoffcorrectfdecisions.
A) True
B) False
4) Thef onlyf socialf responsibilityf thatf businessesf havef isf tof focusf onf howf businessf decisionsf affectfco
mpanyf operations.
A) True
B) False
5) Insurerf Americanf Internationalf Groupf (AIG)f isf wellf knownf inf thef insurancef industryf forf itsfethi
calf businessf practices.
A) True
B) False
6) Legalf rulesf governingf contractf lawsf havef beenf shapedf inf largef partf byf ourf sensef off commercialfethi
cs.
A) True
B) False
7) Infsomefcountries,fbusinessesfmustfpayfbribesftofreceivefsuppliesftheyfneedftofstayfinfbusiness.
A) True
B) False
8) Inf anf ethicalf analysisf usingf thef WPHf Frameworkf referencedf inf thef text,f ownersf aref thef mostfimp
ortantfstakeholdersfandfshouldfreceivefthefgreatestfconsiderationfinfdecisionfmakingfregardlessf of
f thef type f off problemf addressed.
A) True
B) False
1
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9) Underf thef WPHf frameworkf forf ethicalf businessf decisions,f businessf decisionsf aref madef inf pursuitfoff a
f particularf purposef andf aref instrumentsf towardf anf ethicalf end.
A) True
B) False
10) Theftermsfshareholderfandfstakeholderfhavefthefsamefmeaning.
A) True
B) False
11) Thefcommunityfinfwhichfaffirmfoperatesfwouldfnotfbefconsideredfafstakeholderfofftheffirm.
A) True
B) False
12) Ethicalfrelativismfandfsituationalfethicsfmeanfthefsamefthing.
A) True
B) False
13) Consequentialismfprovidesfafrigidfsetfoffrulesftoffollowfregardlessfoffthefsituation.
A) True
B) False
14) Onefformfoffconsequentialismfisfutilitarianism.
A) True
B) False
15) Ethicalfissuesfdofnotfexistfinfaccountingfbecauseftheffieldfinvolvesfprimarilyfobjectivefdata.
A) True
B) False
2
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16) Inf thef Casef Opener,f af defendantf soughtf tof dismissf af plaintiff'sf casef againstf Accutanef arisingf fromfalle
gationsf thatf Accutanef causedf ulcerativef colitisf andf irritablef bowelf syndrome.f Whichf off theffollowingf
courtfrulingsfwasfthefresultfoffthefdefendant'sfmotionftofdismissfbasedfonfstatutefofflimitationf grounds?
A) Thatf thef statutef off limitationsf beganf tof runf onf thef plaintiff'sf claimf whenf thef riskf off thef drugfwasf
discoveredf byf thef manufacturer,f notf onf thef datef onf whichf thef plaintifff becamef awaref offthef riskf
andf thatf thef statutef off limitations,f therefore,f barredf herf claim.
B) Thatfthefdefendantfcommittedffraudfpreventingfitffromfrelyingfonfthefstatutefofflimitations.
C) Thatf becausef thef plaintifff wasf warnedf byf herf doctorf off specificf risksf causedf byf thefmedication,f t
hef statutef off limitationsf beganf tof runf priorf tof thef timef shef becamef awaref off anfadvertisementf dis
cussingf thef risk;f andf thef statutef off limitationsf barredf herf claim.
D) Thatf inf lawsuitsf involvingf thisf typef off drug,f theref isf nof statutef off limitationsf becausef eachfdayf
thef plaintifff suffersf fromf painf resultsf inf thef beginningf off af newf causef offaction.
E) Thatfbecausefthefplaintifffwasfnotfwarnedfbyfherfdoctorfoffspecificfrisksfcausedfbyfthefmedica
tion,fthefstatutefofflimitationsfdidfnotfbeginftofrunfuntilfshefbecamefawarefoffanfadvertisementf
discussingf thef risk.
17) Whichf offthef followingf presentsf af problemf whenf consideringf thef theoryfoff ethicsf knownf asfabs
olutism?
A) Thef factf thatf mostf individualsf associatedf withf thisf theoryfhavef beenf provenf tof havef actedf tofthef
detrimentf off theirf followersf inf onef wayf orf another.
B) Thefallegationfthatfanfexcessivefnumberfofffollowersfactuallyffollowfconsequentialism.
C) Thef unquestionablef naturef off thef rulesf inf mostf absolutistf repositoriesf seemsf overlyfinf
lexiblef whenf appliedf tof differentf situations.
D) Theflackfoffobjectivity.
E) Thef questionablef naturef off thef rulesf inf mostf absolutistf repositoriesf seemsf overlyf flexiblefwh
enf appliedf tof differentf situations.
18) Whichf off thef followingf isf thef applicationf off ethicsf tof specialf problemsf andf opportunitiesfexp
eriencedf byf thosef inf business?
A) Businessf utilitarianism
B) Businessfethics
C) Situationalfethics
D) Sarbanes-Oxleyf principles
E) Consequentialism
3
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
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19) Whichfofftheffollowingfisfthefstudyfandfpracticefoffdecisionsfaboutfwhatfisfgood,forfright?
A) Business
B) Consequences
C) Law
D) Morals
E) Ethics
20) Afcompanyfisfstrugglingftofmakefafdecisionfbutfthefmanagerffindsftherefisfnofclearfrightfdecisionfavailab
le.f Thisf isf anf examplef of
A) Afno-winfsituation
B) Anfethicalfdilemma
C) Afconsequentialfdilemma
D) Afwin-winfsituation
E) Aflegalfdilemma
21) Anf electricianf workingf inf af smallf townf isf thef onlyf electricianf withinf af 100-
milef radius.f Hef knowsfthatfpeoplefwhofhavefmedicalfequipmentfatfhomefhavefthefhighestfneedfforfpowe
r,fsofhefchargesfthemfdoubleftoffixfproblemsfwithftheirfelectricity,fcomparedfwithfthefaveragefcustomer.f
Thefcommunityf isf angryf aboutf thisf choice.f Thisf businessf practicef isf mostf likely:
A) Ethicalfbecausefitfisfnotfillegalfforfafcompanyftofsetfitsfpricesfbasedfonfmaximizingfprofits.
B) Ethicalfbecausefownersfshouldffocusfonlyfonfthefimpactfoffdecisionsfonftheffirm.
C) Unethicalf becausef businessesf operatef inf af communityf andf communitiesf havef expectationsffor
f behaviorf off individuals,f groups,f andf businesses.
D) Unethicalf becausef itf isf againstf thef lawf forf af companyf tof chargef onef customerf moref thanfanot
her.
E) Unethicalfbecauseftherefisfonlyfonefmorallyfproperfthingftofdofinfanyfsituation.
22) Af localf Chamberf off Commercef plansf af seminarf onf "thef socialf responsibilityf off businessf inf ourfcom
munity."f Whatf doesf thatf termf reference?
A) Thefresponsibilityfoffbusinessftofmakefprofitfforfshareholders.
B) Thefexpectationsfoffemployeesfregardingfwagefrates.
C) Thefexpectationsfthatfthefcommunityfimposesfonffirmsfdoingfbusinessfinsidefitsfborders.
D) Thefresponsibilityfoffbusinessftofhavefannualfmeetings.
E) Thefexpectationsfoffmanagementfinfregardftofadequatefutilityfresources.
4
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
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f f f f f f f f f f
Chapter 02 Business Ethics
f f f
MULTIPLEfCHOICEfQUESTIONS
1) Ethicalfconversationfisfprimarilyfaboutffindingfthefonefandfonlyfrightfthingftofdo.
A) True
B) False
2) Businessf ethicsf isf thef applicationf off ethicsf tof thef specialf problemsf andf opportunitiesf experiencedfbyf
businessf people.
A) True
B) False
3) Businessfethicsfresultsfinfafsetfoffcorrectfdecisions.
A) True
B) False
4) Thef onlyf socialf responsibilityf thatf businessesf havef isf tof focusf onf howf businessf decisionsf affectfco
mpanyf operations.
A) True
B) False
5) Insurerf Americanf Internationalf Groupf (AIG)f isf wellf knownf inf thef insurancef industryf forf itsfethi
calf businessf practices.
A) True
B) False
6) Legalf rulesf governingf contractf lawsf havef beenf shapedf inf largef partf byf ourf sensef off commercialfethi
cs.
A) True
B) False
7) Infsomefcountries,fbusinessesfmustfpayfbribesftofreceivefsuppliesftheyfneedftofstayfinfbusiness.
A) True
B) False
8) Inf anf ethicalf analysisf usingf thef WPHf Frameworkf referencedf inf thef text,f ownersf aref thef mostfimp
ortantfstakeholdersfandfshouldfreceivefthefgreatestfconsiderationfinfdecisionfmakingfregardlessf of
f thef type f off problemf addressed.
A) True
B) False
1
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
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,DOWNLOAD THE Test Bank for Dynamic Business Law 4th Edition Kubasek
f f f f f f f f f f
9) Underf thef WPHf frameworkf forf ethicalf businessf decisions,f businessf decisionsf aref madef inf pursuitfoff a
f particularf purposef andf aref instrumentsf towardf anf ethicalf end.
A) True
B) False
10) Theftermsfshareholderfandfstakeholderfhavefthefsamefmeaning.
A) True
B) False
11) Thefcommunityfinfwhichfaffirmfoperatesfwouldfnotfbefconsideredfafstakeholderfofftheffirm.
A) True
B) False
12) Ethicalfrelativismfandfsituationalfethicsfmeanfthefsamefthing.
A) True
B) False
13) Consequentialismfprovidesfafrigidfsetfoffrulesftoffollowfregardlessfoffthefsituation.
A) True
B) False
14) Onefformfoffconsequentialismfisfutilitarianism.
A) True
B) False
15) Ethicalfissuesfdofnotfexistfinfaccountingfbecauseftheffieldfinvolvesfprimarilyfobjectivefdata.
A) True
B) False
2
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Dynamic Business Law 4th Edition Kubasek
f f f f f f f f f f
16) Inf thef Casef Opener,f af defendantf soughtf tof dismissf af plaintiff'sf casef againstf Accutanef arisingf fromfalle
gationsf thatf Accutanef causedf ulcerativef colitisf andf irritablef bowelf syndrome.f Whichf off theffollowingf
courtfrulingsfwasfthefresultfoffthefdefendant'sfmotionftofdismissfbasedfonfstatutefofflimitationf grounds?
A) Thatf thef statutef off limitationsf beganf tof runf onf thef plaintiff'sf claimf whenf thef riskf off thef drugfwasf
discoveredf byf thef manufacturer,f notf onf thef datef onf whichf thef plaintifff becamef awaref offthef riskf
andf thatf thef statutef off limitations,f therefore,f barredf herf claim.
B) Thatfthefdefendantfcommittedffraudfpreventingfitffromfrelyingfonfthefstatutefofflimitations.
C) Thatf becausef thef plaintifff wasf warnedf byf herf doctorf off specificf risksf causedf byf thefmedication,f t
hef statutef off limitationsf beganf tof runf priorf tof thef timef shef becamef awaref off anfadvertisementf dis
cussingf thef risk;f andf thef statutef off limitationsf barredf herf claim.
D) Thatf inf lawsuitsf involvingf thisf typef off drug,f theref isf nof statutef off limitationsf becausef eachfdayf
thef plaintifff suffersf fromf painf resultsf inf thef beginningf off af newf causef offaction.
E) Thatfbecausefthefplaintifffwasfnotfwarnedfbyfherfdoctorfoffspecificfrisksfcausedfbyfthefmedica
tion,fthefstatutefofflimitationsfdidfnotfbeginftofrunfuntilfshefbecamefawarefoffanfadvertisementf
discussingf thef risk.
17) Whichf offthef followingf presentsf af problemf whenf consideringf thef theoryfoff ethicsf knownf asfabs
olutism?
A) Thef factf thatf mostf individualsf associatedf withf thisf theoryfhavef beenf provenf tof havef actedf tofthef
detrimentf off theirf followersf inf onef wayf orf another.
B) Thefallegationfthatfanfexcessivefnumberfofffollowersfactuallyffollowfconsequentialism.
C) Thef unquestionablef naturef off thef rulesf inf mostf absolutistf repositoriesf seemsf overlyfinf
lexiblef whenf appliedf tof differentf situations.
D) Theflackfoffobjectivity.
E) Thef questionablef naturef off thef rulesf inf mostf absolutistf repositoriesf seemsf overlyf flexiblefwh
enf appliedf tof differentf situations.
18) Whichf off thef followingf isf thef applicationf off ethicsf tof specialf problemsf andf opportunitiesfexp
eriencedf byf thosef inf business?
A) Businessf utilitarianism
B) Businessfethics
C) Situationalfethics
D) Sarbanes-Oxleyf principles
E) Consequentialism
3
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
mynursytest.store
, DOWNLOAD THE Test Bank for Dynamic Business Law 4th Edition Kubasek
f f f f f f f f f f
19) Whichfofftheffollowingfisfthefstudyfandfpracticefoffdecisionsfaboutfwhatfisfgood,forfright?
A) Business
B) Consequences
C) Law
D) Morals
E) Ethics
20) Afcompanyfisfstrugglingftofmakefafdecisionfbutfthefmanagerffindsftherefisfnofclearfrightfdecisionfavailab
le.f Thisf isf anf examplef of
A) Afno-winfsituation
B) Anfethicalfdilemma
C) Afconsequentialfdilemma
D) Afwin-winfsituation
E) Aflegalfdilemma
21) Anf electricianf workingf inf af smallf townf isf thef onlyf electricianf withinf af 100-
milef radius.f Hef knowsfthatfpeoplefwhofhavefmedicalfequipmentfatfhomefhavefthefhighestfneedfforfpowe
r,fsofhefchargesfthemfdoubleftoffixfproblemsfwithftheirfelectricity,fcomparedfwithfthefaveragefcustomer.f
Thefcommunityf isf angryf aboutf thisf choice.f Thisf businessf practicef isf mostf likely:
A) Ethicalfbecausefitfisfnotfillegalfforfafcompanyftofsetfitsfpricesfbasedfonfmaximizingfprofits.
B) Ethicalfbecausefownersfshouldffocusfonlyfonfthefimpactfoffdecisionsfonftheffirm.
C) Unethicalf becausef businessesf operatef inf af communityf andf communitiesf havef expectationsffor
f behaviorf off individuals,f groups,f andf businesses.
D) Unethicalf becausef itf isf againstf thef lawf forf af companyf tof chargef onef customerf moref thanfanot
her.
E) Unethicalfbecauseftherefisfonlyfonefmorallyfproperfthingftofdofinfanyfsituation.
22) Af localf Chamberf off Commercef plansf af seminarf onf "thef socialf responsibilityf off businessf inf ourfcom
munity."f Whatf doesf thatf termf reference?
A) Thefresponsibilityfoffbusinessftofmakefprofitfforfshareholders.
B) Thefexpectationsfoffemployeesfregardingfwagefrates.
C) Thefexpectationsfthatfthefcommunityfimposesfonffirmsfdoingfbusinessfinsidefitsfborders.
D) Thefresponsibilityfoffbusinessftofhavefannualfmeetings.
E) Thefexpectationsfoffmanagementfinfregardftofadequatefutilityfresources.
4
Copyrightf ©f McGraw-Hillf Education.Allf rightsf reserved.f Nof reproductionf orf distributionf withoutf thef priorf writtenf consentf off McGraw-Hillf Education.
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