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

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

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

D.   it helps us make quick moral business decisions

A.   metaethics

B.   virtue ethics

C.   normative ethics

D.   utilitarianism

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

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

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

D.   role morality

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.   objectivists

B.   absolutists

C.   coherentists

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

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

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

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

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

C.   corporations are required to have a published mission statement

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

A.   the similarity between legal and moral responsibility

B.   the many stakeholders and their incompatible interests

C.   the many factors we have to consider

D.   the difficulty in analyzing ethical issues in business

A.   partiality

B.   ”sour grapes” syndrome

C.   supererogation

D.   the problem of how to calculate future welfare

A.   it may pose a threat to minority groups

B.   utility is not always fair

C.   supererogation

D.   the problem of how to calculate future welfare

A.   motives are of utmost importance in assessing morality

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

C.   determining moral action does not rely on outside evidence

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

A.   moral actions are based upon our feelings

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

C.   moral laws apply categorically in all circumstances

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

A.   the traditional view of capitalism

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

C.   Kantian capitalism

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

A.   concerned with duty to do what is right

B.   a teleological system

C.   the aim is eudaimonia

D.   learned from role models

A.   intellectual virtues make someone clever but not necessarily good

B.   virtues moderate or balance our feelings

C.   virtues are the same in any particular context

D.   virtues are not just learned in the classroom

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

B.   requires role models

C.   evaluates actions as part of a continuing personal history

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

A.   capitalism sometimes needs to be monitored and corrected

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

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

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

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

B.   ethical theory is implemented within a wider context

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

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

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

B.   encourages consumption of finite resources

C.   functions without government influence or modification

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.   are run by executives who face a challenging ethical environment

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

A.   goods with built in obsolescence

B.   shortages and pollution for future generations

C.   landfills and depleting resources

D.   the invisible hand

A.   consumers vote with their wallets

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

C.   businesses are a conduit for consumers’ demands

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

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

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

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

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

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 is used to protect personal rights in the work place

B.   it is used to mitigate business cycles

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

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

A.   is a liberal (libertarian) market approach

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

C.   is protectionistic of national economies

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

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

B.   the race to the bottom

C.   industrial pollution “blows away” into other nations

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

A.   their hearings are closed to the public

B.   it is an unelected and undemocratic transnational authority

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.   low employee wages

B.   ecologically friendly cosmetics

C.   expanded internationally with willing customers and competitive prices

D.   employed thousands

A.   was the result of failures in corporate governance

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

C.   the financial crisis was unavoidable

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

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

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

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

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

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

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

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 the result of “socialization”

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

C.   the differences are based on age not gender

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

A.   gender egalitarianism

B.   traditional conceptual dichotomies

C.   traditional gender stereotypes

D.   essentialism

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

B.   it embraces the idea of interdependent relationships

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

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

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

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.   advocated by Mary Woolstonecraft

A.   the “glass cliff”

B.   ”dual burdens”

C.   the “glass ceiling”

D.   the “mommy track”

A.   discrimination blindness

B.   workplace dangers

C.   differences in form of address

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

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.   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 hierarchy of learning levels

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

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

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

A.   Monitoring

B.   Self-assessing

C.   Goal-setting

D.   Regulating

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

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

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

A.   Highlighting

B.   Coffee

C.   Outlining

D.   Flashcards

A.   The more you highlight the better

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

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.   Write your own test questions

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

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

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