BUE Chap 1 – Flashcards
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Which of the following statements is true about ethical decision making in business?.
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It should rely on the personal values and principles of the individuals involved
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Which of the following best describes a business stakeholder?
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Anyone who affects or is affected by decisions made within a firm
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Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.
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Grayson-Himes Pay for Performance Act
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Which of the following is the objective of The Grayson-Himes Pay for Performance Act?
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To ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.
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Which of the following best describes ethics?
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The study of how human beings should properly live their lives.
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Which of the following is an approach advocated while teaching ethics?
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Challenge students to think for themselves.
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Philosophers often emphasize that ethics is:
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normative.
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Which of the following observations is true of ethics?
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It deals with our reasoning about how we should act.
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Like ethics, social sciences such as psychology and sociology also examine human decision making and actions. However, these fields differ from ethics because they are:
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descriptive in nature
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Ethics seeks an account of how and why people should act a certain way, rather than how they do act. This nature of ethics makes it a _____ discipline.
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normative
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Individual codes of conduct regarding how one should live, how one should act, what one should do, what kind of a person should one be etc. is sometimes referred to as:
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morality.
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Morality is the aspect of ethics that we can refer to by the phrase:
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personal integrity
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Which of the following branches of study raises questions about justice, law, civic virtues, and political philosophy?
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Social ethics
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The aspect of business ethics that examines business institutions from a social rather than an individual perspective is referred to as:
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decision making for social responsibility.
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_____ set the standards or guidelines for determining what one should do, how one should act, what type of person one should be.
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Norms
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The crux of normative ethics is that these disciplines:
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presuppose some underlying values.
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Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?
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Values
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Which of the following are beliefs and principles that provide the ultimate guide to a company's decision making?
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Core values
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Which of the following best describe the norms that guide employees, implicitly more often than not, to behave in ways that the firm values and finds worthy?
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Organizational culture
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Which of the following is true about values?
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Values are underlying beliefs that cause us to act or to decide in a certain way.
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Ethics requires that the promotion of human welfare be done:
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in a manner that is acceptable and reasonable from all relevant points of view.
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The failure of personal ethics among companies like Enron and WorldCom led to the creation of the:
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Sarbanes-Oxley Act.
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Which of the following observations is true?
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The law cannot anticipate every new dilemma that businesses might face.
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Telling organizations that their ethical responsibilities end with obedience to the law:
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is just inviting more legal regulation
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Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:
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one's ethical responsibility may run counter to the law.
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The Americans with Disabilities Act is an example of the fact that:
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a perspective that compliance is enough relies on a misleading understanding of law.
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Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?
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Risk assessment
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Practical reasoning is reasoning about:
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what we should do.
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Theoretical reasoning is reasoning about:
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what we should believe.
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Which of the following refers to the pursuit of truth and the highest standard for what we should believe?
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Theoretical reason
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According to the tradition of theoretical reason, _____ is the great arbiter of truth.
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science
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Which of the following can be thought of as the answer to the fundamental questions of theoretical reason?
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The scientific method
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Which of the following statements is true about ethical decision making in business?
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Ethical decision making is not limited to the type of major corporate decisions with dramatic social consequences.
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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
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At some point, every worker will be faced with an issue that will require ethical decision making
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Which of the following statements is true about ethical decision making in business?
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Ethical decision making should rely on the personal values and principles of the individuals involved.
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In a general sense, a business _____ is anyone who affects or is affected by decisions made within the firm, for better or worse.
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stakeholder
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Which of the following best describes a business stakeholder?
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Anyone who affects or is affected by decisions made within a firm
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Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.
answer
Grayson-Himes Pay for Performance Act
question
Which of the following is the objective of the Grayson-Himes Pay for Performance Act?
answer
To ban future "unreasonable and excessive" compensation at companies receiving federal bailout money
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Which of the following best describes ethics? a. An academic discipline which originated in the earl
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The study of how human beings should properly live their lives
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Which of the following is an approach advocated while teaching ethics?
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Teachers should challenge students to think for themselves.
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Philosophers often emphasize that ethics is _____, which means that it deals with a person's reasoning about how he or she should act.
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normative
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Which of the following observations is true of ethics?
answer
It deals with our reasoning about how we should act.
question
Like ethics, social sciences such as psychology and sociology also examine human decision making and actions. However, these fields differ from ethics because they are _____.
answer
descriptive in nature
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As a _____ discipline, ethics seeks an account of how and why people should act a certain way.
answer
normative
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The _____ discipline provides an account of how and why people do act the way they do.
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descriptive
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Individual codes of conduct based on one's value structures regarding how one should live, how one should act, what one should do, what kind of a person should one be etc. is sometimes referred to as _____.
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morality
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Morality is the aspect of ethics that we can refer to by the phrase "_____."
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personal integrity
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. _____ is that aspect of ethics that is referred to by the phrase "personal integrity."
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Morality
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Which of the following raises questions about justice, law, civic virtues, and political philosophy?
answer
Social ethics
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_____ establish the guidelines or standards for determining what one should do, how one should act, what type of person one should be
answer
Norms
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Norms:
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are standards of appropriate and proper behavior.
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The crux of normative ethics is that these disciplines:
answer
presuppose some underlying values.
question
Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?
answer
Values
question
Ethics requires that the promotion of human welfare be done:
answer
. in a manner that is acceptable and reasonable from all relevant points of view
question
Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:
answer
one's ethical responsibility may run counter to the law.
question
Telling organizations that their ethical responsibilities end with obedience to the law:
answer
. is just inviting more legal regulation.
question
The failure of personal ethics among companies like Enron and WorldCom led to the creation of the:
answer
Sarbanes-Oxley Act.
question
Practical reasoning is reasoning about:
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what we should do
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_____ reasoning is reasoning about what we should do.
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Practical
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Theoretical reasoning is reasoning about:
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what we should believe.
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_____ reasoning is reasoning about what we should believe.
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Theoretical
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According to the tradition of theoretical reason, _____ is the great arbiter of truth.
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science
