PHI 361 Final questions with verified
answers graded A+ updated
In a general sense, a business stakeholder is one who has made substantial financial
investments in the business. - correct answer ✔✔False
A firm's ethical reputation can provide a competitive advantage in the marketplace with
customers, suppliers, and employees. - correct answer ✔✔True
The failure of personal ethics among companies like Enron and WorldCom led to the creation of
the: - correct answer ✔✔Sarbanes-Oxley Act.
Which of the following is true about values? - correct answer ✔✔Values are underlying beliefs
that cause us to act or to decide in a certain way.
Which of the following best describes ethics? - correct answer ✔✔The study of how human
beings should properly live their lives
Social sciences such as psychology and sociology are different from ethics owing to the fact that
they are _____. - correct answer ✔✔descriptive in nature
In civil law, there is no room for ambiguity in applying the law because much of the law is
established by past precedent. - correct answer ✔✔False
In business, every decision can be covered by economic, legal, or company rules and
regulations. - correct answer ✔✔False
,Practical reasoning is reasoning about: - correct answer ✔✔what we should do.
Which of the following is NOT a vow of the MBA Oath? - correct answer ✔✔I will allow the law
to determine the ethical decisions of my company
A critical element of comparing and weighing the alternatives is the consideration of ways to
mitigate, minimize, or compensate for any possible harmful consequences. - correct answer
✔✔True
Cognitive shortcuts that take the place of careful thinking and allow people to avoid
responsibility for the suffering of others are known as: - correct answer ✔✔Scripts
"_____" include all of the groups and/or individuals affected by a decision, policy, or operation
of a firm or individual. - correct answer ✔✔stakeholders
Within business, an organization's context sometimes makes it difficult for even the well-
intentioned person to act ethically. - correct answer ✔✔True
Which of the following is the second step of the ethical decision-making process? - correct
answer ✔✔Identifying the ethical issues involved
Which of the following is the reason why normative myopia is especially liable to occur in a
business context? - correct answer ✔✔People are more likely to focus on the technical aspects
of the task at hand in a business context, and thus, fail to recognize the ethical aspect.
Missing a highway turn-off as a result of speaking on a cell phone while driving is an example of
_____. - correct answer ✔✔inattentional blindness
The omission known as change blindness occurs when _____. - correct answer ✔✔decision
makers fail to notice gradual changes over time
, In an ethical decision-making process, moral imagination helps individuals make ethically
responsible decisions. Identify the step in which moral imagination is critical. - correct answer
✔✔Considering available alternatives
When faced with a situation that suggests two clear alternative ways forward, we often consider
only those two clear paths, missing the fact that other alternatives might be possible.
Considering limited alternatives is a stumbling block to responsible action that can be
categorized as a(n) _____. - correct answer ✔✔cognitive barrier
The Caux Round Table argues that laws and market forces are necessary and sufficient for
guiding responsible business conduct - correct answer ✔✔False
Human rights and legal rights are basically the same - correct answer ✔✔False
The ethical view that bases moral judgments on absolute religious foundations is known as -
correct answer ✔✔Divine Command
One of the main challenges to Utilitarianism is that many people believe that the end does not
always justify the means - correct answer ✔✔True
The systematic subjugation of one social group by a more powerful social group for the social,
economic, and political benefit of the more powerful social group is - correct answer
✔✔oppression
According to the Ethics of Care, both men and women are capable of justice and caring, and
should cultivate both capacities. - correct answer ✔✔True
One of the major challenges to an ethics based on rights points to practical problems in applying
a theory of rights to real-life situations. - correct answer ✔✔True
answers graded A+ updated
In a general sense, a business stakeholder is one who has made substantial financial
investments in the business. - correct answer ✔✔False
A firm's ethical reputation can provide a competitive advantage in the marketplace with
customers, suppliers, and employees. - correct answer ✔✔True
The failure of personal ethics among companies like Enron and WorldCom led to the creation of
the: - correct answer ✔✔Sarbanes-Oxley Act.
Which of the following is true about values? - correct answer ✔✔Values are underlying beliefs
that cause us to act or to decide in a certain way.
Which of the following best describes ethics? - correct answer ✔✔The study of how human
beings should properly live their lives
Social sciences such as psychology and sociology are different from ethics owing to the fact that
they are _____. - correct answer ✔✔descriptive in nature
In civil law, there is no room for ambiguity in applying the law because much of the law is
established by past precedent. - correct answer ✔✔False
In business, every decision can be covered by economic, legal, or company rules and
regulations. - correct answer ✔✔False
,Practical reasoning is reasoning about: - correct answer ✔✔what we should do.
Which of the following is NOT a vow of the MBA Oath? - correct answer ✔✔I will allow the law
to determine the ethical decisions of my company
A critical element of comparing and weighing the alternatives is the consideration of ways to
mitigate, minimize, or compensate for any possible harmful consequences. - correct answer
✔✔True
Cognitive shortcuts that take the place of careful thinking and allow people to avoid
responsibility for the suffering of others are known as: - correct answer ✔✔Scripts
"_____" include all of the groups and/or individuals affected by a decision, policy, or operation
of a firm or individual. - correct answer ✔✔stakeholders
Within business, an organization's context sometimes makes it difficult for even the well-
intentioned person to act ethically. - correct answer ✔✔True
Which of the following is the second step of the ethical decision-making process? - correct
answer ✔✔Identifying the ethical issues involved
Which of the following is the reason why normative myopia is especially liable to occur in a
business context? - correct answer ✔✔People are more likely to focus on the technical aspects
of the task at hand in a business context, and thus, fail to recognize the ethical aspect.
Missing a highway turn-off as a result of speaking on a cell phone while driving is an example of
_____. - correct answer ✔✔inattentional blindness
The omission known as change blindness occurs when _____. - correct answer ✔✔decision
makers fail to notice gradual changes over time
, In an ethical decision-making process, moral imagination helps individuals make ethically
responsible decisions. Identify the step in which moral imagination is critical. - correct answer
✔✔Considering available alternatives
When faced with a situation that suggests two clear alternative ways forward, we often consider
only those two clear paths, missing the fact that other alternatives might be possible.
Considering limited alternatives is a stumbling block to responsible action that can be
categorized as a(n) _____. - correct answer ✔✔cognitive barrier
The Caux Round Table argues that laws and market forces are necessary and sufficient for
guiding responsible business conduct - correct answer ✔✔False
Human rights and legal rights are basically the same - correct answer ✔✔False
The ethical view that bases moral judgments on absolute religious foundations is known as -
correct answer ✔✔Divine Command
One of the main challenges to Utilitarianism is that many people believe that the end does not
always justify the means - correct answer ✔✔True
The systematic subjugation of one social group by a more powerful social group for the social,
economic, and political benefit of the more powerful social group is - correct answer
✔✔oppression
According to the Ethics of Care, both men and women are capable of justice and caring, and
should cultivate both capacities. - correct answer ✔✔True
One of the major challenges to an ethics based on rights points to practical problems in applying
a theory of rights to real-life situations. - correct answer ✔✔True
