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

B.   it helps us make quick moral business decisions

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

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

A.   metaethics

B.   normative ethics

C.   utilitarianism

D.   virtue ethics

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

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

C.   role morality

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

A.   benign self-interest

B.   instrumental morality

C.   prudence

D.   intrinsic morality

A.   leads to a litigious society

B.   advocated by economist Milton Friedman

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

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

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

B.   absolutists

C.   objectivists

D.   coherentists

A.   right and wrong matter more than praise or blame

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

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

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

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

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

A.   the difficulty in analyzing ethical issues in business

B.   the similarity between legal and moral responsibility

C.   the many stakeholders and their incompatible interests

D.   the many factors we have to consider

A.   partiality

B.   the problem of how to calculate future welfare

C.   supererogation

D.   ”sour grapes” syndrome

A.   supererogation

B.   utility is not always fair

C.   it may pose a threat to minority groups

D.   the problem of how to calculate future welfare

A.   motives are of utmost importance in assessing morality

B.   determining moral action does not rely on outside evidence

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

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

A.   moral laws apply categorically in all circumstances

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

C.   moral actions are based upon our feelings

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

A.   the traditional view of capitalism

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

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

D.   Kantian capitalism

A.   the aim is eudaimonia

B.   a teleological system

C.   learned from role models

D.   concerned with duty to do what is right

A.   intellectual virtues make someone clever but not necessarily good

B.   virtues are the same in any particular context

C.   virtues moderate or balance our feelings

D.   virtues are not just learned in the classroom

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

B.   evaluates actions as part of a continuing personal history

C.   requires role models

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

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

B.   capitalism sometimes needs to be monitored and corrected

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

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

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

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

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

D.   ethical theory is implemented within a wider context

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

B.   functions without government influence or modification

C.   encourages consumption of finite resources

D.   has a profound influence over our everyday lives

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

B.   have no obligations to the society

C.   are a result of the industrial revolution

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

A.   goods with built in obsolescence

B.   shortages and pollution for future generations

C.   the invisible hand

D.   landfills and depleting resources

A.   consumers vote with their wallets

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

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

D.   businesses are a conduit for consumers’ demands

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

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

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

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

A.   Russia making territorial claims on the Arctic

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

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

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

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

B.   it is used to mitigate business cycles

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

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

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

B.   is a liberal (libertarian) market approach

C.   is protectionistic of national economies

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

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

B.   the race to the bottom

C.   industrial pollution “blows away” into other nations

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

A.   it is an unelected and undemocratic transnational authority

B.   their hearings are closed to the public

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

D.   nations do not have to abide by its rulings

A.   employed thousands

B.   ecologically friendly cosmetics

C.   expanded internationally with willing customers and competitive prices

D.   low employee wages

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

B.   the financial crisis was unavoidable

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

D.   was the result of failures in corporate governance

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

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

C.   it could have been prevented

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

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

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

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

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

A.   equal pay for equal work

B.   removing barriers to education

C.   women are systematically disadvantaged

D.   equal opportunity in hiring and promotion

A.   the differences are based on age not gender

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

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

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

A.   gender egalitarianism

B.   traditional gender stereotypes

C.   traditional conceptual dichotomies

D.   essentialism

A.   it embraces the idea of interdependent relationships

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

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

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

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

B.   accepts the notion of gender based dichotomies

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

D.   advocated by Mary Woolstonecraft

A.   the “mommy track”

B.   the “glass cliff”

C.   ”dual burdens”

D.   the “glass ceiling”

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

B.   discrimination blindness

C.   differences in form of address

D.   workplace dangers

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

B.   these kinds of cases are exceedingly rare today

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

D.   300 women filed similar complaints against Morgan Stanley

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

B.   employers perceive women as more compliant

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

D.   women have less access to capital

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

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

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

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

A.   Goal-setting

B.   Self-assessing

C.   Regulating

D.   Monitoring

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

B.   Paraphrasing the reading material as you go

C.   Previewing the material

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

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

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

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

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

A.   Coffee

B.   Flashcards

C.   Outlining

D.   Highlighting

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

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

C.   The more you highlight the better

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

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

B.   Write your own test questions

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

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