A.   it helps us make quick moral business decisions

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

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

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

A.   virtue ethics

B.   utilitarianism

C.   metaethics

D.   normative ethics

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

B.   role morality

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

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

A.   intrinsic morality

B.   prudence

C.   benign self-interest

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.   objectivists

C.   coherentists

D.   absolutists

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

B.   right and wrong matter more than praise or blame

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

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

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

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

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

D.   corporations are required to have a published mission statement

A.   the many stakeholders and their incompatible interests

B.   the difficulty in analyzing ethical issues in business

C.   the similarity between legal and moral responsibility

D.   the many factors we have to consider

A.   ”sour grapes” syndrome

B.   partiality

C.   the problem of how to calculate future welfare

D.   supererogation

A.   supererogation

B.   the problem of how to calculate future welfare

C.   utility is not always fair

D.   it may pose a threat to minority groups

A.   motives are of utmost importance in assessing morality

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.   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 laws apply categorically in all circumstances

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

D.   moral actions are based upon our feelings

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

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

C.   the traditional view of capitalism

D.   Kantian capitalism

A.   learned from role models

B.   concerned with duty to do what is right

C.   the aim is eudaimonia

D.   a teleological system

A.   virtues are not just learned in the classroom

B.   virtues moderate or balance our feelings

C.   intellectual virtues make someone clever but not necessarily good

D.   virtues are the same in any particular context

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.   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 sometimes needs to be monitored and corrected

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

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

B.   has a profound influence over our everyday lives

C.   encourages consumption of finite resources

D.   functions without government influence or modification

A.   are a result of the industrial revolution

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

C.   have no obligations to the society

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

A.   shortages and pollution for future generations

B.   the invisible hand

C.   goods with built in obsolescence

D.   landfills and depleting resources

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.   consumers vote with their wallets

D.   businesses are a conduit for consumers’ demands

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

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

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

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

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

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

C.   Russia making territorial claims on the Arctic

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 encouraged by free market advocates like Ayn Rand and Robert Nozick

C.   it is used to mitigate business cycles

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

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

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

C.   is a liberal (libertarian) market approach

D.   is protectionistic of national economies

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

B.   the race to the bottom

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

D.   industrial pollution “blows away” into other nations

A.   their hearings are closed to the public

B.   nations do not have to abide by its rulings

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

D.   it is an unelected and undemocratic transnational authority

A.   employed thousands

B.   low employee wages

C.   expanded internationally with willing customers and competitive prices

D.   ecologically friendly cosmetics

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

B.   it could have been prevented

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

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

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.   6 million women joining the workforce during World War II

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

A.   women are systematically disadvantaged

B.   removing barriers to education

C.   equal opportunity in hiring and promotion

D.   equal pay for equal work

A.   the differences are based on age not gender

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 between men and women are “illusory”

A.   gender egalitarianism

B.   essentialism

C.   traditional conceptual dichotomies

D.   traditional gender stereotypes

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

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

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

C.   accepts the notion of gender based dichotomies

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

A.   the “glass cliff”

B.   the “mommy track”

C.   the “glass ceiling”

D.   ”dual burdens”

A.   workplace dangers

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

C.   differences in form of address

D.   discrimination blindness

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

B.   employers perceive women as more compliant

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 hierarchy of learning levels

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

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

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

A.   Goal-setting

B.   Monitoring

C.   Regulating

D.   Self-assessing

A.   Paraphrasing the reading material as you go

B.   Previewing the material

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

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

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

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

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

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

A.   Outlining

B.   Coffee

C.   Flashcards

D.   Highlighting

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

B.   The more you highlight the better

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

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