BA 200 Exam 1 Questions and Answers Latest Update 2025-2026
Normative Standard - Answers Generally accepted rulse of conduct that governs society.
Does not have to be illegal to be against this
No - Answers Does business ethics provide a guarantee of profitability?
false - Answers Unethical business ethics is always illegal
Business ethics - Answers The application of standards for moral reasoning to business
dilemmas
true - Answers Situational ethics and moral relativism are the same
false - Answers Natural law and positive law are the same in the views of moral standards
Shareholders - Answers Who does Friedman believe you should serve?
Inherence - Answers managers answer only to shareholders and act only with shareholders in
mind
Enlightened Self- Interest - Answers Managers are responsible first to shareholders but serves
them best by being responsible to larger society
Business value is enhanced
Invisible Hand - Answers Business ought to serve the larger society and does this best by
serving the shareholders
Does not get involved in social issues
The Social Responsibility School - Answers Serve the larger society by responding to the
society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved
Code of Ethics - Answers Individual firm's behavior standard for employees
Most businesses have one
Blanchard and Peale - Answers Is it legal
Normative Standard - Answers Generally accepted rulse of conduct that governs society.
Does not have to be illegal to be against this
No - Answers Does business ethics provide a guarantee of profitability?
false - Answers Unethical business ethics is always illegal
Business ethics - Answers The application of standards for moral reasoning to business
dilemmas
true - Answers Situational ethics and moral relativism are the same
false - Answers Natural law and positive law are the same in the views of moral standards
Shareholders - Answers Who does Friedman believe you should serve?
Inherence - Answers managers answer only to shareholders and act only with shareholders in
mind
Enlightened Self- Interest - Answers Managers are responsible first to shareholders but serves
them best by being responsible to larger society
Business value is enhanced
Invisible Hand - Answers Business ought to serve the larger society and does this best by
serving the shareholders
Does not get involved in social issues
The Social Responsibility School - Answers Serve the larger society by responding to the
society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved
Code of Ethics - Answers Individual firm's behavior standard for employees
Most businesses have one
Blanchard and Peale - Answers Is it legal
