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1. The serious Utilitarian ethical...
1. The serious Utilitarian ethical dilemma faced by the management of many business firms, in many circumstances, involves the effect that a decision will have a In favor of one company stakeholder group against another stakeholder group b On the firm's competitors c On local charitable and civic groups d None of the above. Question 2 Which of the following statements is NOT correct? a Laws change but ethics is constant for Kantians. b Laws change and ethics are ever changeable for a Sophist. c Laws stay the same, but definitions of corporate social responsibility are constant. d Morality is constant for Socrates, but changes for an ethical relativist. Question 3 Today, critics of the corporation argue for various corporate governance reform proposals to improve the legal, moral, and socially responsible behavior of the corporation. Which of the following is the most convincing argument for these proposals? a These proposals are advisable because corporate managers should never have any duty other than to maximize profits for the shareholders b These proposals are necessary because market forces invariably operate to deter any corporate misbehavior c These proposals are necessary because existing laws, though extensive, still have moral and social responsibility "gaps" d These proposals are inadvisable because they will reduce corporate ability to respond quickly to changing business conditions and therefore will create allocational inefficiency. Question 4 Which of the following statements is incorrect? a A theory that says that morality and ethics should be based on law is called Legal Positivism. b When a person looks to an outside source for moral rules or commands, he or she might be characterized as an ethical emotist. c An ethical theory that maintains that people must choose the action of follow the rule that provides the greatest good to society is called Utilitarianism. d An ethical theory that says that people owe moral duties that are based on universal rules is called Kantian ethics. Question 5 In order to be considered a profession what attributes of a profession does management have to work on and develop? a Autonomy and self-governance. b Codes of ethics that apply to management as whole and are "policed" and enforceable. c An oath with an appropriate ceremony when entering the management profession. d All of the above. Question 6 Ethical business leadership consists of: a. Creating, communicating, and securing acceptance of a vision. b. Energizing, challenging, and inspiring followers to realize the vision. c. Having a vision that is an inherently moral one and having the personal moral strength of character to pursue the vision in a moral manner. d. All of the above. Question 7 Happy Feet manufactures shoes in Country Y for sale in the United States. Happy Feet's president discovers that the Country Y workers' average age is sixteen and that they work on average of 13.2 hours per day in a 90 degree warehouse with insufficient safety precautions, all of which practices are legal in Country Y. The president of Happy Feet decides to improve the working hours and conditions of the company's workforce, even though these actions will be more expensive for the company. The president's decision is best described as a Lawful profit maximization b Moral profit-making c Illegal since the shareholders of Happy Feet might be harmed d Social Darwinism Question 8 Which statement is correct about the employment at-will doctrine in the United States? a It has been abrogated by federal statute. b Employers can fire at-will, but by federal law they are required to pay severance based on employee pay and length of service. c It can result in a legal but immoral discharge. d It never applies to minorities since they cannot be discharged pursuant to the Civil Rights Act. Question 9 A procedure which can be used to assess the moral health and practices of a corporation is the: a Social audit. b Valdez checkup. c Corrupt practices inventory. d Moral audit. Question 10 Kantian ethical standards would most likely be considered to have been violated if Acme Services, Inc., repre¬sents to Best Production Company that certain services will be performed for a stated fee, but it is ap¬parent to Acme at the time of the representation that a Acme cannot perform the services alone. b the actual charge will be substantially higher. c the actual charge will be substantially lower. d the fee is a competitive bid. Question 11 In the old, old, olden days, Robin Hood in Merry Old England poached the evil king's deer from the king's private and exclusive hunting grounds to feed the poor; and Robin Hood also stole from the rich to give to the money to the poor. As opposed to Ken Lay of Enron fame (rather infamy) who had 10 houses, Robin Hood lived with his "Merry Men" in the forest, specifically Sherwood Forest, where they camped out and hid from the Sheriff of Nottingham. Robin was acting: a Illegally b Socially Responsible c Morally if one is an Ethical Emotist who feels good about Robin. d All of the above. Question 12 C.E.O. Carlos believes his corporation can be influential and should be responsible for helping to solve many social problems. Carlos believes his corporation should address problems above and beyond those actually caused by the corporation. Which of the following theories does Carlos most likely subscribe to: XXXXX XXXXX Positivism b Maximization of profits c Machiavellian ethics d Social responsibility. Question 13 International Manufacturing Corporation's "side payments" to government officials in exchange for favorable business contracts in foreign countries over more deserving competitors are likely to be considered in the United States as a Illegal only b Unethical only c Illegal and unethical d None of the above. Question 14 As to why a company should be a socially responsible one and get involved in civic and charitable affairs, Socrates would likely argue: a Justice is the will of the stronger. b Money comes from virtue. c Ignorance of the law is no excuse. d Virtue comes from money. Question 15 Which of the following is not a correct statement? a Pursuant to Kantian ethics, morality is judged by a person's act. b Pursuant to most ethical theories, law and ethical standards never conflict with one another; and thus if something is a law, it is, by definition, moral. c Pursuant to an ethics based on conscience or intuition, a person looks solely within himself or herself for ethical codes or moral determinations. d John Locke and Jean Jacques Rousseau would support the Social Contract theory of morality. Question 16 Edward Executive makes $100,000 a year. Ned Newguy, a recent business school graduate, is willing to do Ed's job for $55,000. Ed has been with the company for 30 years. In a cost-saving move, the company fires Ed and replaces him with the younger and cheaper Ned Newguy. This action could be a Illegal b Immoral pursuant to Kantian ethics c Moral pursuant to Ethical Egoism d All of the above. Question 17 Which of the following cause problems in determining whether an action is legal? a A large number of ethical theories b Too general definitions of "corporate social responsibility" c A lack of lawyers d None of the above Question 18 EarthLast, Inc. pollutes the environment. They are careful, however, to just avoid violating pollution control laws. The company makes a lot of money for its shareholders. Which of the following best describes the company's approach to business? a Legal and Moral pursuant to Legal Positivism b Legal, moral, and socially responsible c Illegal and immoral d Legal and moral pursuant to Kantian ethics Question 19 Whistleblowing in the private employment sector in the United States typically is a Not protected by a uniform federal law b Protected under some state whistleblower protection statutes c Usually protected by the law if the disclosure is made to the media since the disclosure will be widespread and thus do the most good d Never required morally pursuant to Kantian ethics since the consequences for the whistleblowing employees usually are harsh, for example, loss of employment. Question 20 Whistleblowing, that is, disclosure of wrongdoing, by corporate employees can be described today as: a. Morally required if the whistleblower is the last real alternative to disclose the wrongdoing and the other parts of the Principle of Last Resort are applicable. b. Legally protected under the Sarbanes-Oxley Act if the whistleblowing is by an employee of a publicly traded company regulated by the Securities and Exchange Commission and concerns some type of securities fraud or fraud against the shareholders. c. Only legally protected under those states that have private sector Whistleblower Protection Statutes if the whistleblowing is made to an appropriate government agency. d. All of the above.