A.   it helps us understand the nature of business and make moral judgments

B.   it helps us examine the fundamental assumptions and conceptual foundations of business

C.   it helps us examine the arguments businesses use for their actions

D.   it helps us make quick moral business decisions

A.   utilitarianism

B.   normative ethics

C.   metaethics

D.   virtue ethics

A.   role morality

B.   having a single set of ethical standards that apply throughout our life

C.   having a baseline of moral decency consistent throughout our lives

D.   making no distinction between different roles in our lives and what is moral behavior

A.   instrumental morality

B.   benign self-interest

C.   intrinsic morality

D.   prudence

A.   leads to a litigious society

B.   breeds the belief that the other business party is predatory

C.   demonstrates that most of our business dealings are based on mistrust

D.   advocated by economist Milton Friedman

A.   coherentists

B.   absolutists

C.   those who believe moral truths apply throughout space and time

D.   objectivists

A.   it is safer to be feared than to be loved

B.   right and wrong matter more than praise or blame

C.   a bold leader should acquire and use power for his personal advantage

D.   a leader has to promote his own interests above all others

A.   corporations are required to have a published mission statement

B.   a more outwardly directed mission statement recognizes the conflict between making a profit and meeting the needs of other stakeholders

C.   a mission statement shows that a company may not be purely egoistic

D.   individual corporations can differ greatly in their goals and what they believe is appropriate behavior

A.   the many factors we have to consider

B.   the many stakeholders and their incompatible interests

C.   the similarity between legal and moral responsibility

D.   the difficulty in analyzing ethical issues in business

A.   the problem of how to calculate future welfare

B.   supererogation

C.   ”sour grapes” syndrome

D.   partiality

A.   the problem of how to calculate future welfare

B.   it may pose a threat to minority groups

C.   supererogation

D.   utility is not always fair

A.   the morality of an act is determined by the amount of good or evil it produces

B.   motives are of utmost importance in assessing morality

C.   determining moral action does not rely on outside evidence

D.   ethics is based on our ability to reason and our freedom of choice

A.   moral action is imperative because we have no alternative to do otherwise

B.   moral actions are based upon our feelings

C.   maxims can be tested by whether or not they are consistent

D.   moral laws apply categorically in all circumstances

A.   Norman Bowie’s views of what is meaningful work

B.   the traditional view of capitalism

C.   Edward Freeman’s view of “stakeholder theory”

D.   Kantian capitalism

A.   the aim is eudaimonia

B.   learned from role models

C.   a teleological system

D.   concerned with duty to do what is right

A.   virtues are not just learned in the classroom

B.   intellectual virtues make someone clever but not necessarily good

C.   virtues are the same in any particular context

D.   virtues moderate or balance our feelings

A.   recognizes that actions take place within communities and must be judged in those terms

B.   does not lend itself well to corporate statements and management literature

C.   evaluates actions as part of a continuing personal history

D.   requires role models

A.   capitalism makes a good servant to human flourishing, but a poor master

B.   capitalism sometimes needs to be monitored and corrected

C.   capitalism left unchecked may lead to excessive, unreasonable, and/or harmful acts

D.   Adam Smith advocated making merchants and manufacturers “rulers of mankind”

A.   ethical theory is implemented within a wider context

B.   ethical theory provides an analytical framework for making decisions about what we should do

C.   ethical theory will provide an easy recipe for right action in every case

D.   ethical theory provides the basis “normative action” based upon outcomes, duties, and virtues

A.   functions without government influence or modification

B.   has resulted in a high standard of living with affordable goods and services

C.   has a profound influence over our everyday lives

D.   encourages consumption of finite resources

A.   are a result of the industrial revolution

B.   have considerable social and economic power to shape public opinion and legislative policy

C.   are run by executives who face a challenging ethical environment

D.   have no obligations to the society

A.   shortages and pollution for future generations

B.   landfills and depleting resources

C.   the invisible hand

D.   goods with built in obsolescence

A.   consumer reaction to moral issues is combined with other factors

B.   implies that business has a duty to provide moral goods and services to customers

C.   businesses are a conduit for consumers’ demands

D.   consumers vote with their wallets

A.   failing to fix a car’s oil leak choosing instead to transfer the cost of the environmental burden to the community

B.   CocaCola, PepsiCo, and Cadbury-Schweppes control of 90% of the US soft drink market

C.   producing sweatshop apparel where the costs for healthcare, unemployment and safety are borne by the employees and not the manufacturer

D.   people living near a coal-fired power plant who must clean the power plant’s soot off their laundry

A.   Destruction of Gulf of Mexico resources by BP’s Deep Water Gulf Oil Disaster

B.   Mylan Pharmaceutical’s unjustified inflation of Epi-Pen pricing

C.   Russia making territorial claims on the Arctic

D.   Ammon Bundy’s group occupation of the Malheur National Wildlife Refuge

A.   it is used to protect personal rights in the work place

B.   it is encouraged by free market advocates like Ayn Rand and Robert Nozick

C.   it operates by means of regulations, taxation, and government spending

D.   it is used to mitigate business cycles

A.   believes boosting fair competition will result in greater worldwide prosperity

B.   is protectionistic of national economies

C.   has accelerated since 1995 with the formation of the World Trade Organization (WTO)

D.   is a liberal (libertarian) market approach

A.   makes business more efficient and leads to greater worldwide prosperity

B.   borders are open for trade but closed to immigrants who want jobs

C.   the race to the bottom

D.   industrial pollution “blows away” into other nations

A.   it is an unelected and undemocratic transnational authority

B.   it reflects the power and influence of its richer and more powerful nations

C.   their hearings are closed to the public

D.   nations do not have to abide by its rulings

A.   employed thousands

B.   low employee wages

C.   ecologically friendly cosmetics

D.   expanded internationally with willing customers and competitive prices

A.   was the result of a combination of excessive borrowing, risky investments and a lack of transparency

B.   the financial crisis was unavoidable

C.   was the result of failures in corporate governance

D.   was the result of a systematic breakdown in accountability and ethics

A.   it can be traced to identifiable mistakes made by British Petroleum (BP), Halliburton, and Transocean

B.   to be allowed to drill on the outer continental shelf is a private right to be exercised

C.   it undermined public faith in the energy industry, government regulators and our own capability to respond to this kind of crisis

D.   it could have been prevented

A.   women earn only 75% of men’s wages

B.   the post-war economy proving greater employment opportunities for women

C.   6 million women joining the workforce during World War II

D.   the rejection by many women of the role of being only mothers and homemakers

A.   equal pay for equal work

B.   removing barriers to education

C.   women are systematically disadvantaged

D.   equal opportunity in hiring and promotion

A.   men and women are “hard wired” to have differences

B.   the differences are based on age not gender

C.   the differences between men and women are “illusory”

D.   the differences between men and women are the result of “socialization”

A.   traditional conceptual dichotomies

B.   traditional gender stereotypes

C.   gender egalitarianism

D.   essentialism

A.   leads to decisions based upon “rationality tinged with humane concern”

B.   there is no apparent independent criterion of right and wrong

C.   it embraces the idea of interdependent relationships

D.   it goes against the traditional male view of classical philosophy

A.   accepts the notion of gender based dichotomies

B.   suggests society and the workplace need to take more seriously the perspectives and experiences of women

C.   suggests society and the workplace have systematically devalued women’s experience

D.   advocated by Mary Woolstonecraft

A.   the “glass ceiling”

B.   ”dual burdens”

C.   the “glass cliff”

D.   the “mommy track”

A.   differences in form of address

B.   the reluctance of women to charge in cases of sexual harassment

C.   workplace dangers

D.   discrimination blindness

A.   in 1996 she filed a sexual discrimination complaint against Morgan Stanley with the Equal Employment Opportunities Commission

B.   300 women filed similar complaints against Morgan Stanley

C.   she settled her case four years later for $12 million

D.   these kinds of cases are exceedingly rare today

A.   women have less access to capital

B.   fewer women have entered the workplace as a result of globalization

C.   employers perceive women as more compliant

D.   women who are no longer engaged in subsistence farming must seek seasonal employment

A.   Bloom’s taxonomy is a hierarchy of learning levels

B.   Creating, evaluating, and analyzing are at the bottom of the Bloom pyramid

C.   Bloom’s taxonomy is a way to help us understand our level of learning

D.   Bloom’s taxonomy may be used to help us diagnose our level of learning

A.   Self-assessing

B.   Monitoring

C.   Regulating

D.   Goal-setting

A.   Re-reading the material until you remember the key concepts

B.   Previewing the material

C.   Writing down questions you want the reading material to answer

D.   Paraphrasing the reading material as you go

A.   If you are reading a novel read the first line of every paragraph

B.   Skimming the material starting from the back of the chapter

C.   Page through the material looking at the section headings, bold print, and italicized words

D.   Look at charts, graphs, or pictures in the chapter

A.   Highlighting

B.   Outlining

C.   Flashcards

D.   Coffee

A.   Highlight different elements, i.e. key terms, key names, and questions in different colors

B.   Highlighting key terms, questions, and key names is a way to preview material before you read the chapter.

C.   The more you highlight the better

D.   Highlight “breadcrumbs” left by the author, like “There are three reasons…First…Second…Third”

A.   Attend class or watch video lectures and take notes by hand

B.   Taking good notes and relying on the lecture material makes buying the book unnecessary

C.   Write your own test questions

D.   Work in pairs or groups to study and review material