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Chapter 02 Business Ethics
v v v
MULTIPLEvCHOICEvQUESTIONS
1) Ethicalvconversationvisvprimarilyvaboutvfindingvthevonevandvonlyvrightvthingvtovdo.
A) True
B) False
2) Businessvethicsvisvthevapplicationvofvethicsvtovthevspecialvproblemsvandvopportunitiesvexperiencedv by
vbusinessvpeople.
A) True
B) False
3) Businessvethicsvresultsvinvavsetvofvcorrectvdecisions.
A) True
B) False
4) Thevonlyvsocialvresponsibilityvthatvbusinessesvhavevisvtovfocusvonvhowvbusinessvdecisionsvaffectv co
mpanyv operations.
A) True
B) False
5) InsurervAmericanvInternationalvGroupv(AIG)visvwellvknownvinvthevinsurancevindustryvforvitsvet
hicalvbusinessvpractices.
A) True
B) False
6) Legalvrulesvgoverningvcontractvlawsvhavevbeenvshapedvinvlargevpartvbyvourvsensevofvcommercialv eth
ics.
A) True
B) False
7) Invsomevcountries,vbusinessesvmustvpayvbribesvtovreceivevsuppliesvtheyvneedvtovstayvinvbusiness.
A) True
B) False
8) InvanvethicalvanalysisvusingvthevWPHvFrameworkvreferencedvinvthevtext,vownersvarevthevmostv im
portantvstakeholdersvandvshouldvreceivevthevgreatestvconsiderationvinvdecisionvmakingvregardles
svofvthevtypevofvproblemvaddressed.
A) True
B) False
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9) UndervthevWPHvframeworkvforvethicalvbusinessvdecisions,vbusinessvdecisionsvarevmadevinvpursuitv of
vavparticularvpurposevandvarevinstrumentsvtowardvanvethicalvend.
A) True
B) False
10) Thevtermsvshareholdervandvstakeholdervhavevthevsamevmeaning.
A) True
B) False
11) Thevcommunityvinvwhichvavfirmvoperatesvwouldvnotvbevconsideredvavstakeholdervofvthevfirm.
A) True
B) False
12) Ethicalvrelativismvandvsituationalvethicsvmeanvthevsamevthing.
A) True
B) False
13) Consequentialismvprovidesvavrigidvsetvofvrulesvtovfollowvregardlessvofvthevsituation.
A) True
B) False
14) Onevformvofvconsequentialismvisvutilitarianism.
A) True
B) False
15) Ethicalvissuesvdovnotvexistvinvaccountingvbecausevthevfieldvinvolvesvprimarilyvobjectivevdata.
A) True
B) False
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16) InvthevCasevOpener,vavdefendantvsoughtvtovdismissvavplaintiff'svcasevagainstvAccutanevarisingvfromvall
egationsvthatvAccutanevcausedvulcerativevcolitisvandvirritablevbowelvsyndrome.vWhichvofvthevfollowin
gvcourtvrulingsvwasvthevresultvofvthevdefendant'svmotionvtovdismissvbasedvonvstatutevofv limitationv grou
nds?
A) Thatvthevstatutevofvlimitationsvbeganvtovrunvonvthevplaintiff'svclaimvwhenvthevriskvofvthevdrugv wasv
discoveredvbyvthevmanufacturer,vnotvonvthevdatevonvwhichvthevplaintiffvbecamevawarevofv thevriskv
andvthatvthevstatutevofvlimitations,vtherefore,vbarredvhervclaim.
B) Thatvthevdefendantvcommittedvfraudvpreventingvitvfromvrelyingvonvthevstatutevofvlimitations.
C) Thatvbecausevthevplaintiffvwasvwarnedvbyvhervdoctorvofvspecificvrisksvcausedvbyvthevmedication,
vthevstatutevofvlimitationsvbeganvtovrunvpriorvtovthevtimevshevbecamevawarevofvanv advertisementv
discussingvthevrisk;vandvthevstatutevofvlimitationsvbarredvhervclaim.
D) Thatvinvlawsuitsvinvolvingvthisvtypevofvdrug,vtherevisvnovstatutevofvlimitationsvbecauseveachv da
yvthevplaintiffvsuffersvfromvpainvresultsvinvthevbeginningvofvavnewvcausevofvaction.
E) Thatvbecausevthevplaintiffvwasvnotvwarnedvbyvhervdoctorvofvspecificvrisksvcausedvbyvthevmedi
cation,vthevstatutevofvlimitationsvdidvnotvbeginvtovrunvuntilvshevbecamevawarevofvanvadvertise
mentvdiscussingvthev risk.
17) Whichvofvthevfollowingvpresentsvavproblemvwhenvconsideringvthevtheoryvofvethicsvknownvasvab
solutism?
A) Thevfactvthatvmostvindividualsvassociatedvwithvthisvtheoryvhavevbeenvprovenvtovhavevactedvtovthe
vdetrimentvofvtheirvfollowersvinvone vwayvorvanother.
B) Thevallegationvthatvanvexcessivevnumbervofvfollowersvactuallyvfollowvconsequentialism.
C) Thevunquestionablevnaturevofvthevrulesvinvmostvabsolutistvrepositoriesvseemsvoverlyvin
flexiblev whenvappliedvtovdifferentv situations.
D) Thevlackvofvobjectivity.
E) Thevquestionablevnaturevofvthevrulesvinvmostvabsolutistvrepositoriesvseemsvoverlyvflexiblev w
henvappliedvtovdifferentvsituations.
18) Whichvofvthevfollowingvisvthevapplicationvofvethicsvtovspecialvproblemsvandvopportunitiesv ex
periencedvbyvthosevinvbusiness?
A) Businessv utilitarianism
B) Businessvethics
C) Situationalvethics
D) Sarbanes-Oxleyv principles
E) Consequentialism
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19) Whichvofvthevfollowingvisvthevstudyvandvpracticevofvdecisionsvaboutvwhatvisvgood,vorvright?
A) Business
B) Consequences
C) Law
D) Morals
E) Ethics
20) Avcompanyvisvstrugglingvtovmakevavdecisionvbutvthevmanagervfindsvtherevisvnovclearvrightvdecisionv ava
ilable.vThisvisvanvexamplevof
A) Avno-winvsituation
B) Anvethicalvdilemma
C) Avconsequentialvdilemma
D) Avwin-winvsituation
E) Avlegalvdilemma
21) Anvelectricianvworkingvinvavsmallvtownvisvthevonlyvelectricianvwithinvav100-
milevradius.vHevknowsv thatvpeoplevwhovhavevmedicalvequipmentvatvhomevhavevthevhighestvneedvforvpo
wer,vsovhevchargesv themvdoublevtovfixvproblemsvwithvtheirvelectricity,vcomparedvwithvthevaveragevcust
omer.vThev communityvisvangryvaboutv thisvchoice.vThisv businessvpracticev isvmostv likely:
A) Ethicalvbecausevitvisvnotvillegalvforvavcompanyvtovsetvitsvpricesvbasedvonvmaximizingvprofits.
B) Ethicalvbecausevownersvshouldvfocusvonlyvonvthevimpactvofvdecisionsvonvthevfirm.
C) Unethicalvbecausevbusinessesvoperatevinvavcommunityvandvcommunitiesvhavevexpectationsvfor
vbehaviorvofvindividuals,vgroups,vandvbusinesses.
D) Unethicalvbecausevitvisvagainstvthevlawvforvavcompanyvtovchargevonevcustomervmorevthanv an
other.
E) Unethicalvbecausevtherevisvonlyvonevmorallyvpropervthingvtovdovinvanyvsituation.
22) AvlocalvChambervofvCommercevplansvavseminarvonv"thevsocialvresponsibilityvofvbusinessvinvourv co
mmunity."vWhatvdoesvthatvtermvreference?
A) Thevresponsibilityvofvbusinessvtovmakevprofitvforvshareholders.
B) Thevexpectationsvofvemployeesvregardingvwagevrates.
C) Thevexpectationsvthatvthevcommunityvimposesvonvfirmsvdoingvbusinessvinsidevitsvborders.
D) Thevresponsibilityvofvbusinessvtovhavevannualvmeetings.
E) Thevexpectationsvofvmanagementvinvregardvtovadequatevutilityvresources.
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v v v v v v v v v v
Chapter 02 Business Ethics
v v v
MULTIPLEvCHOICEvQUESTIONS
1) Ethicalvconversationvisvprimarilyvaboutvfindingvthevonevandvonlyvrightvthingvtovdo.
A) True
B) False
2) Businessvethicsvisvthevapplicationvofvethicsvtovthevspecialvproblemsvandvopportunitiesvexperiencedv by
vbusinessvpeople.
A) True
B) False
3) Businessvethicsvresultsvinvavsetvofvcorrectvdecisions.
A) True
B) False
4) Thevonlyvsocialvresponsibilityvthatvbusinessesvhavevisvtovfocusvonvhowvbusinessvdecisionsvaffectv co
mpanyv operations.
A) True
B) False
5) InsurervAmericanvInternationalvGroupv(AIG)visvwellvknownvinvthevinsurancevindustryvforvitsvet
hicalvbusinessvpractices.
A) True
B) False
6) Legalvrulesvgoverningvcontractvlawsvhavevbeenvshapedvinvlargevpartvbyvourvsensevofvcommercialv eth
ics.
A) True
B) False
7) Invsomevcountries,vbusinessesvmustvpayvbribesvtovreceivevsuppliesvtheyvneedvtovstayvinvbusiness.
A) True
B) False
8) InvanvethicalvanalysisvusingvthevWPHvFrameworkvreferencedvinvthevtext,vownersvarevthevmostv im
portantvstakeholdersvandvshouldvreceivevthevgreatestvconsiderationvinvdecisionvmakingvregardles
svofvthevtypevofvproblemvaddressed.
A) True
B) False
1
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9) UndervthevWPHvframeworkvforvethicalvbusinessvdecisions,vbusinessvdecisionsvarevmadevinvpursuitv of
vavparticularvpurposevandvarevinstrumentsvtowardvanvethicalvend.
A) True
B) False
10) Thevtermsvshareholdervandvstakeholdervhavevthevsamevmeaning.
A) True
B) False
11) Thevcommunityvinvwhichvavfirmvoperatesvwouldvnotvbevconsideredvavstakeholdervofvthevfirm.
A) True
B) False
12) Ethicalvrelativismvandvsituationalvethicsvmeanvthevsamevthing.
A) True
B) False
13) Consequentialismvprovidesvavrigidvsetvofvrulesvtovfollowvregardlessvofvthevsituation.
A) True
B) False
14) Onevformvofvconsequentialismvisvutilitarianism.
A) True
B) False
15) Ethicalvissuesvdovnotvexistvinvaccountingvbecausevthevfieldvinvolvesvprimarilyvobjectivevdata.
A) True
B) False
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16) InvthevCasevOpener,vavdefendantvsoughtvtovdismissvavplaintiff'svcasevagainstvAccutanevarisingvfromvall
egationsvthatvAccutanevcausedvulcerativevcolitisvandvirritablevbowelvsyndrome.vWhichvofvthevfollowin
gvcourtvrulingsvwasvthevresultvofvthevdefendant'svmotionvtovdismissvbasedvonvstatutevofv limitationv grou
nds?
A) Thatvthevstatutevofvlimitationsvbeganvtovrunvonvthevplaintiff'svclaimvwhenvthevriskvofvthevdrugv wasv
discoveredvbyvthevmanufacturer,vnotvonvthevdatevonvwhichvthevplaintiffvbecamevawarevofv thevriskv
andvthatvthevstatutevofvlimitations,vtherefore,vbarredvhervclaim.
B) Thatvthevdefendantvcommittedvfraudvpreventingvitvfromvrelyingvonvthevstatutevofvlimitations.
C) Thatvbecausevthevplaintiffvwasvwarnedvbyvhervdoctorvofvspecificvrisksvcausedvbyvthevmedication,
vthevstatutevofvlimitationsvbeganvtovrunvpriorvtovthevtimevshevbecamevawarevofvanv advertisementv
discussingvthevrisk;vandvthevstatutevofvlimitationsvbarredvhervclaim.
D) Thatvinvlawsuitsvinvolvingvthisvtypevofvdrug,vtherevisvnovstatutevofvlimitationsvbecauseveachv da
yvthevplaintiffvsuffersvfromvpainvresultsvinvthevbeginningvofvavnewvcausevofvaction.
E) Thatvbecausevthevplaintiffvwasvnotvwarnedvbyvhervdoctorvofvspecificvrisksvcausedvbyvthevmedi
cation,vthevstatutevofvlimitationsvdidvnotvbeginvtovrunvuntilvshevbecamevawarevofvanvadvertise
mentvdiscussingvthev risk.
17) Whichvofvthevfollowingvpresentsvavproblemvwhenvconsideringvthevtheoryvofvethicsvknownvasvab
solutism?
A) Thevfactvthatvmostvindividualsvassociatedvwithvthisvtheoryvhavevbeenvprovenvtovhavevactedvtovthe
vdetrimentvofvtheirvfollowersvinvone vwayvorvanother.
B) Thevallegationvthatvanvexcessivevnumbervofvfollowersvactuallyvfollowvconsequentialism.
C) Thevunquestionablevnaturevofvthevrulesvinvmostvabsolutistvrepositoriesvseemsvoverlyvin
flexiblev whenvappliedvtovdifferentv situations.
D) Thevlackvofvobjectivity.
E) Thevquestionablevnaturevofvthevrulesvinvmostvabsolutistvrepositoriesvseemsvoverlyvflexiblev w
henvappliedvtovdifferentvsituations.
18) Whichvofvthevfollowingvisvthevapplicationvofvethicsvtovspecialvproblemsvandvopportunitiesv ex
periencedvbyvthosevinvbusiness?
A) Businessv utilitarianism
B) Businessvethics
C) Situationalvethics
D) Sarbanes-Oxleyv principles
E) Consequentialism
3
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v v v v v v v v v v
19) Whichvofvthevfollowingvisvthevstudyvandvpracticevofvdecisionsvaboutvwhatvisvgood,vorvright?
A) Business
B) Consequences
C) Law
D) Morals
E) Ethics
20) Avcompanyvisvstrugglingvtovmakevavdecisionvbutvthevmanagervfindsvtherevisvnovclearvrightvdecisionv ava
ilable.vThisvisvanvexamplevof
A) Avno-winvsituation
B) Anvethicalvdilemma
C) Avconsequentialvdilemma
D) Avwin-winvsituation
E) Avlegalvdilemma
21) Anvelectricianvworkingvinvavsmallvtownvisvthevonlyvelectricianvwithinvav100-
milevradius.vHevknowsv thatvpeoplevwhovhavevmedicalvequipmentvatvhomevhavevthevhighestvneedvforvpo
wer,vsovhevchargesv themvdoublevtovfixvproblemsvwithvtheirvelectricity,vcomparedvwithvthevaveragevcust
omer.vThev communityvisvangryvaboutv thisvchoice.vThisv businessvpracticev isvmostv likely:
A) Ethicalvbecausevitvisvnotvillegalvforvavcompanyvtovsetvitsvpricesvbasedvonvmaximizingvprofits.
B) Ethicalvbecausevownersvshouldvfocusvonlyvonvthevimpactvofvdecisionsvonvthevfirm.
C) Unethicalvbecausevbusinessesvoperatevinvavcommunityvandvcommunitiesvhavevexpectationsvfor
vbehaviorvofvindividuals,vgroups,vandvbusinesses.
D) Unethicalvbecausevitvisvagainstvthevlawvforvavcompanyvtovchargevonevcustomervmorevthanv an
other.
E) Unethicalvbecausevtherevisvonlyvonevmorallyvpropervthingvtovdovinvanyvsituation.
22) AvlocalvChambervofvCommercevplansvavseminarvonv"thevsocialvresponsibilityvofvbusinessvinvourv co
mmunity."vWhatvdoesvthatvtermvreference?
A) Thevresponsibilityvofvbusinessvtovmakevprofitvforvshareholders.
B) Thevexpectationsvofvemployeesvregardingvwagevrates.
C) Thevexpectationsvthatvthevcommunityvimposesvonvfirmsvdoingvbusinessvinsidevitsvborders.
D) Thevresponsibilityvofvbusinessvtovhavevannualvmeetings.
E) Thevexpectationsvofvmanagementvinvregardvtovadequatevutilityvresources.
4
Copyrightv ©v McGraw-Hillv Education.Allv rightsv reserved.v Nov reproductionv orv distributionv withoutv thev priorv writtenv consentv ofv McGraw-Hillv Education.
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