Business Ethics: Decision Making for Personal Integrity & Social Responsibility 4th Edition Test ban

Topic: Ethics and the Law
 
 
15. Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.
 
TRUE
 
Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.
 
AACSB: Ethics
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-07 Describe ethical decision making as a form of practical reasoning.
Topic: Ethics as Practical Reason


 
Multiple Choice Questions


16. Identify a true statement about ethical decision making in business.
 
A. Ethical decision making is not limited to major corporate decisions with dramatic social consequences.
 
B. Ethical decisions that employees make have to always be based upon clearly established guidelines laid down by the board of directors.
 
C. All ethical decisions can be covered by economic, legal, or company rules and regulations.
 
D. Every instance of ethical decision making should be based on the law of the land.
 
Ethical decision making in business is not limited to major corporate decisions with dramatic social consequences. At some point, every worker, and certainly everyone in a management role, will be faced with an issue that will require ethical decision making.
 
AACSB: Ethics
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
17. Identify a true statement about ethical decision making in business.
 
A. Employees only have to deal with situations that call for ethical decision making once they reach managerial positions within organizations.
 
B. At some point, every worker will be faced with an issue that will require ethical decision making.
 
C. Companies are legally obligated to cover all ethical decisions by internal rules and regulations.
 
D. Ethical decision making should not rely on the personal values and principles of the individuals involved.
 
At some point, every worker, and certainly everyone in a management role, will be faced with an issue that will require ethical decision making. Not every decision can be covered by economic, legal, or company rules and regulations.
 
AACSB: Ethics
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
18. Which of the following statements is true about ethical decision making in business?
 
A. Ethical decision making is limited to the type of major corporate decisions with social consequences.
 
B. Every employee does not face an issue that requires ethical decision making.
 
C. All ethical decisions can be covered by economic, legal, or company rules and regulations.
 
D. Ethical decision making should rely on the personal values and principles of the individuals involved.
 
Ethical decision making must rely on the personal values and principles of the individuals involved.
 
AACSB: Ethics
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 2 Medium
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
 
 
19. In a general sense, anyone who affects or is affected by decisions made within a firm can be called a business _____.
 
A. nominee
 
B. stakeholder
 
C. analyst
 
D. insider
 
In a general sense, a business stakeholder will be anyone who affects or is affected by decisions made within the firm, for better or worse. Failure to consider these additional stakeholders will have a detrimental impact on those stakeholders, on stockholders, specifically, and on the firm's long-term sustainability as a whole.
 
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 01-01 Explain why ethics is important in the business environment.
Topic: Introduction: Making the Case for Business Ethics
 
 
20. Which of the following best describes a business stakeholder?
 
A. Only the minority shareholders in a business entity
 
B. Only those who have acquired significant shares in a firm