BUS 2000 Exam 1 Study Guide Questions And
Correct Answers
1. Lenses: rights be honest responsibly carry out duties
What are my rights and
responsibilities? What is my reason
for acting?
Would I be willing to be on the receiving end of this action for the
reason given?
2. Lenses: be fair and consider those with no
Relation- ship power What relationships are
important?
What is a just system?
Have I given everyone an equal opportunity To succeed?
3. Lenses: Results be respectful as you do good and benefit others
What results do I
want? What will make
me happy?
What will get the greatest good for the greatest number?
4. Lenses: Reputation be compassionate and virtuous
What do I want my reputation to be?
What are the role requirements for my
position? What virtues should I cultivate?
5. What do managers Improper Accounting practices
see as the major Deceptive Sales/Marketing practices
ethical problems in Conflicts of interest
companies
?
6.
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23
, BUS 2000 Exam 1 Study Guide Questions And
Correct Answers
L customers Lack of trust
y Bribes and kickbacks
i Unfair treatment
n Securtities/Bank fraud
g Discrimination
Low quality/unsafe products
o
n
r
e
p
o
r
t
s
D
i
s
h
o
n
e
s
t
y
w
i
t
h
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23
, BUS 2000 Exam 1 Study Guide Questions And
Correct Answers
What are ways Leadership - Ethics
to foster Oflce Codes of Ethics
ethical be- Social Audit - a systematic evaluation
havior Whistle Blowing - calling out unethical/illegal behavior
Primary data is information collected for the specific purpose at hand,
7. What is the must be relative and accurate
dif- ference Secondary data is the information that already exists somewhere, is
between available more quickly and at a lower cost, must be relevant and
primary and accurate
sec- ondary
data? Entrepreneurs have opportunities
8. Differentiate
be-
tween an entrepre- matching risk with profit
neur and an em-
ployee
9. What are the four "Whats" of an eco- nomic system
five factors we
dis- cussed for
creating wealth?
10. Who are the
"stakeholders"
in company
(eg;
stockholders,
em- ployees.
cus- tomers...)
11. What are the
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23
Correct Answers
1. Lenses: rights be honest responsibly carry out duties
What are my rights and
responsibilities? What is my reason
for acting?
Would I be willing to be on the receiving end of this action for the
reason given?
2. Lenses: be fair and consider those with no
Relation- ship power What relationships are
important?
What is a just system?
Have I given everyone an equal opportunity To succeed?
3. Lenses: Results be respectful as you do good and benefit others
What results do I
want? What will make
me happy?
What will get the greatest good for the greatest number?
4. Lenses: Reputation be compassionate and virtuous
What do I want my reputation to be?
What are the role requirements for my
position? What virtues should I cultivate?
5. What do managers Improper Accounting practices
see as the major Deceptive Sales/Marketing practices
ethical problems in Conflicts of interest
companies
?
6.
1/
23
, BUS 2000 Exam 1 Study Guide Questions And
Correct Answers
L customers Lack of trust
y Bribes and kickbacks
i Unfair treatment
n Securtities/Bank fraud
g Discrimination
Low quality/unsafe products
o
n
r
e
p
o
r
t
s
D
i
s
h
o
n
e
s
t
y
w
i
t
h
2/
23
, BUS 2000 Exam 1 Study Guide Questions And
Correct Answers
What are ways Leadership - Ethics
to foster Oflce Codes of Ethics
ethical be- Social Audit - a systematic evaluation
havior Whistle Blowing - calling out unethical/illegal behavior
Primary data is information collected for the specific purpose at hand,
7. What is the must be relative and accurate
dif- ference Secondary data is the information that already exists somewhere, is
between available more quickly and at a lower cost, must be relevant and
primary and accurate
sec- ondary
data? Entrepreneurs have opportunities
8. Differentiate
be-
tween an entrepre- matching risk with profit
neur and an em-
ployee
9. What are the four "Whats" of an eco- nomic system
five factors we
dis- cussed for
creating wealth?
10. Who are the
"stakeholders"
in company
(eg;
stockholders,
em- ployees.
cus- tomers...)
11. What are the
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23
