Business Ethics Chapter 7 Test – Flashcards
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Immoral management implies that decision makers know right from wrong, but choose to do wrong.
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True
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The public's view of business ethics has always been very high until the recent scandals.
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False
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Descriptive ethics is concerned with studying and describing the morality of a particular group of people.
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True
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Bernie Madoff perpetrated what has been called the biggest financial scandal in history. Which of following is true about the Madoff scaldal? a. He was convicted at the age of 41 b. The amount fraudulently stolen was $5 billion c. Using what is called a Trojan horse scheme, Madoff lured investors into turning their money to him, while he led them to believe that heir money was yielding large returns d. He was sentenced to prison for 150 years.
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d. He was sentenced to prison for 150 years.
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The focus of descriptive ethics is on a. determining what is to be done in a given situation b. justifying a moral system of thinking and judging c. learning what is occurring in the realm of moral behaviors and practices. d. learning how to justify one's chosen actions
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c. learning what is occurring in the realm of moral behaviors and practices.
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Questions about business ethics can be asked at any of the following levels except a. individual b. organizational c. economic d. global
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c. economic
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Which of the following is not a model of ethical management provided in the textbook? a. immoral management b. semi-moral management c. moral management d. amoral management
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b. semi-moral management
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The discipline that deals with what is good and bad and with moral duty and obligation is a. morality b. deontology c. ethics d. moral philosophy
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c. ethics
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The normative question of ethics is a. what is? b. what ought to be? c. how do we get from what is to what out to be? d. what is our motivation?
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b. what ought to be?
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Concepts of right and wrong are increasingly being interpreted today to include all of the following except a. fairness b. justice c. equity d. equality
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d. equality
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Amoral management relies primarily on a compliance (??) strategy that focuses on obedience (??) to the law.
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True
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Normative ethics depends on whether "everyone is doing it" to justify moral decisions and actions.
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False
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Moral management stresses profitability over other stakeholder concerns.
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False
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Which of the following is not one of the major approaches to thinking about business ethics? a. conventional approach b. rights and duties approach c. principles approach d. ethical tests approach
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b. rights and duties approach
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The challenge in all managerial situations is take what can be done and what should be done and find a. balance b. the more practical solution c. the least costly approach d. the most effective action
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a. balance
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The minimum standard of ethical behavior can be thought of as a. following the Golden Rule b. adhering to the law c. living according to religious principles d. avoiding punishment
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b. adhering to the law
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Managers who simply fail to consider moral questions when making business decisions use the a. immoral management model b. moral management model c. intentional amoral management model d. unintentional amoral management model
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d. unintentional amoral management model
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Which of the following is not a source from which a manager derives values? a. religion b. philosophy c. scientific knowledge d. law
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a. religion
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There is no doubt that the media are a. ignoring ethical violations in their own industry b. reporting ethical problems more frequently and fervently (????). c. defending the right of business to be conducted amorally d. reporting breaches of ethics in politics more than they are reporting business ethics violations
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b. reporting ethical problems more frequently and fervently (????).
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The Wall Street financial scandals involved all the following except a. recklessness about risk b. ethical lending c. subprime lending calculations d. greed
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b. ethical lending
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The ethics scandal that has come to define modem business ethics is the Enron debacle.
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True
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Ethical behavior is generally considered to be on a higher plane (????) than legal behavior.
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True
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The majority of Americans think that the need for ethics is about the same as it was fifty years ago.
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False
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The Enron Era brought about a broad range of legal and ethic charges that included all the following except a. securities fraud b. conspiracy to inflate profits c. corrupt corporate cultures d. building company assets
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d. building company assets
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The model of ethical management in which managers fail to take morality into account when making decisions is a. immoral management b. moral management c. semi-moral management d. amoral management
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d. amoral management
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Lawrence Kohlberg's model of moral development includes all of the following levels except a. the preconventional level b. the conventional level c. the postconventional level d. law and order morality
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d. law and order morality
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The model of ethical management that implies a positive and active opposition to what is right is called a. immoral management b. moral management c. semi-moral management d. amoral management
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a. immoral management
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The area of ethics that is concerned with supplying and justifying a coherent moral (??? ?? ???) system of thinking and judging is called a. normative ethics b. descriptive ethics c. business ethics d. virtue ethics
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a. normative ethics
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One of the functions of corporate governance is a. oversight of senior managers b. capital budgeting c. incorporating ethics into the strategic planning process d. monitoring executive bonuses
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a. oversight of senior managers
