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 make quick moral business decisions

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

A.   metaethics

B.   utilitarianism

C.   normative ethics

D.   virtue ethics

A.   role morality

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

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

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

A.   benign self-interest

B.   intrinsic morality

C.   prudence

D.   instrumental morality

A.   advocated by economist Milton Friedman

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

C.   leads to a litigious society

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

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

B.   coherentists

C.   objectivists

D.   absolutists

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

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

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

D.   right and wrong matter more than praise or blame

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

B.   corporations are required to have a published mission statement

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

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

A.   the many stakeholders and their incompatible interests

B.   the similarity between legal and moral responsibility

C.   the difficulty in analyzing ethical issues in business

D.   the many factors we have to consider

A.   supererogation

B.   partiality

C.   the problem of how to calculate future welfare

D.   ”sour grapes” syndrome

A.   utility is not always fair

B.   it may pose a threat to minority groups

C.   the problem of how to calculate future welfare

D.   supererogation

A.   determining moral action does not rely on outside evidence

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

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

D.   motives are of utmost importance in assessing morality

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

B.   moral actions are based upon our feelings

C.   moral laws apply categorically in all circumstances

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

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

B.   the traditional view of capitalism

C.   Kantian capitalism

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

A.   learned from role models

B.   the aim is eudaimonia

C.   concerned with duty to do what is right

D.   a teleological system

A.   virtues are the same in any particular context

B.   intellectual virtues make someone clever but not necessarily good

C.   virtues are not just learned in the classroom

D.   virtues moderate or balance our feelings

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

B.   requires role models

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

D.   evaluates actions as part of a continuing personal history

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

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

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

D.   capitalism sometimes needs to be monitored and corrected

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.   encourages consumption of finite resources

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

D.   has a profound influence over our everyday lives

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.   consumers vote with their wallets

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

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

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

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

A.   Russia making territorial claims on the Arctic

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

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

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

A.   it is used to mitigate business cycles

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 protect personal rights in the work place

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

B.   is protectionistic of national economies

C.   is a liberal (libertarian) market approach

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

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 reflects the power and influence of its richer and more powerful nations

B.   nations do not have to abide by its rulings

C.   it is an unelected and undemocratic transnational authority

D.   their hearings are closed to the public

A.   expanded internationally with willing customers and competitive prices

B.   employed thousands

C.   ecologically friendly cosmetics

D.   low employee wages

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

B.   was the result of failures in corporate governance

C.   the financial crisis was unavoidable

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

A.   it could have been prevented

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

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

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

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

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

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

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

A.   removing barriers to education

B.   women are systematically disadvantaged

C.   equal opportunity in hiring and promotion

D.   equal pay for equal work

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

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

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

D.   the differences are based on age not gender

A.   gender egalitarianism

B.   traditional gender stereotypes

C.   essentialism

D.   traditional conceptual dichotomies

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

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

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

D.   it embraces the idea of interdependent relationships

A.   advocated by Mary Woolstonecraft

B.   accepts the notion of gender based dichotomies

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

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

A.   ”dual burdens”

B.   the “mommy track”

C.   the “glass cliff”

D.   the “glass ceiling”

A.   discrimination blindness

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

C.   workplace dangers

D.   differences in form of address

A.   these kinds of cases are exceedingly rare today

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

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.   employers perceive women as more compliant

B.   women have less access to capital

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

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

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

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

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

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

A.   Goal-setting

B.   Regulating

C.   Self-assessing

D.   Monitoring

A.   Previewing the material

B.   Paraphrasing the reading material as you go

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

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

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

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

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.   Coffee

B.   Outlining

C.   Highlighting

D.   Flashcards

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

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

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

D.   The more you highlight the better

A.   Write your own test questions

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

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

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