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

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

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

D.   it helps us make quick moral business decisions

A.   virtue ethics

B.   normative ethics

C.   metaethics

D.   utilitarianism

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

B.   role morality

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

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

A.   prudence

B.   intrinsic morality

C.   instrumental morality

D.   benign self-interest

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

B.   advocated by economist Milton Friedman

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

D.   leads to a litigious society

A.   absolutists

B.   objectivists

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

D.   coherentists

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

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

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

D.   right and wrong matter more than praise or blame

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

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

C.   corporations are required to have a published mission statement

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

A.   the similarity between legal and moral responsibility

B.   the many factors we have to consider

C.   the difficulty in analyzing ethical issues in business

D.   the many stakeholders and their incompatible interests

A.   partiality

B.   supererogation

C.   ”sour grapes” syndrome

D.   the problem of how to calculate future welfare

A.   utility is not always fair

B.   supererogation

C.   the problem of how to calculate future welfare

D.   it may pose a threat to minority groups

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

B.   determining moral action does not rely on outside evidence

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

D.   motives are of utmost importance in assessing morality

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

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

C.   moral laws apply categorically in all circumstances

D.   moral actions are based upon our feelings

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

B.   the traditional view of capitalism

C.   Kantian capitalism

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

A.   the aim is eudaimonia

B.   concerned with duty to do what is right

C.   a teleological system

D.   learned from role models

A.   virtues moderate or balance our feelings

B.   virtues are the same in any particular context

C.   intellectual virtues make someone clever but not necessarily good

D.   virtues are not just learned in the classroom

A.   requires role models

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

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

D.   evaluates actions as part of a continuing personal history

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 is implemented within a wider context

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

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

A.   encourages consumption of finite resources

B.   has a profound influence over our everyday lives

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

D.   functions without government influence or modification

A.   have no obligations to the society

B.   are a result of the industrial revolution

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

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

A.   shortages and pollution for future generations

B.   goods with built in obsolescence

C.   the invisible hand

D.   landfills and depleting resources

A.   businesses are a conduit for consumers’ demands

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

C.   consumers vote with their wallets

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

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

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

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

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

A.   Russia making territorial claims on the Arctic

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

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

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

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

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

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

D.   it is used to mitigate business cycles

A.   is protectionistic of national economies

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

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

D.   is a liberal (libertarian) market approach

A.   industrial pollution “blows away” into other nations

B.   the race to the bottom

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

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

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

B.   their hearings are closed to the public

C.   nations do not have to abide by its rulings

D.   it is an unelected and undemocratic transnational authority

A.   low employee wages

B.   expanded internationally with willing customers and competitive prices

C.   ecologically friendly cosmetics

D.   employed thousands

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

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

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

D.   it could have been prevented

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

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

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

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

A.   removing barriers to education

B.   equal pay for equal work

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.   gender egalitarianism

B.   essentialism

C.   traditional conceptual dichotomies

D.   traditional gender stereotypes

A.   it embraces the idea of interdependent relationships

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

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

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

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

B.   advocated by Mary Woolstonecraft

C.   accepts the notion of gender based dichotomies

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

A.   ”dual burdens”

B.   the “glass cliff”

C.   the “glass ceiling”

D.   the “mommy track”

A.   differences in form of address

B.   workplace dangers

C.   discrimination blindness

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

A.   these kinds of cases are exceedingly rare today

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

C.   300 women filed similar complaints against Morgan Stanley

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

A.   employers perceive women as more compliant

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

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

D.   women have less access to capital

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

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

A.   Regulating

B.   Monitoring

C.   Self-assessing

D.   Goal-setting

A.   Paraphrasing the reading material as you go

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

C.   Previewing the material

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

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

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

A.   Outlining

B.   Flashcards

C.   Coffee

D.   Highlighting

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

B.   The more you highlight the better

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

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

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