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Question 1  (4 points)

 

What is the Myth of Amoral Business?

 

Question 1 options:

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A) 

An unpopular view of American business.

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B) 

A popular view of American business.

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C) 

Reporting of scandals.

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D) 

None of the above.

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Question 2  (4 points)

 

The breakdown of the Myth of Amoral business has been signalled by:

 

Question 2 options:

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A) 

the reporting of scandals.

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B) 

the formation of groups like environmentalists and consumerists.

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C) 

proliferation of corporate codes of ethical conduct and of ethics programs.

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D) 

all of the above.

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Question 3  (4 points)

 

The vocabulary of morality is:

 

Question 3 options:

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A) 

rich and is applied to a variety of objects in a number of ways.

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B) 

specific and means one thing.

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C) 

clear and operates only at one level.

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D) 

none of the above.

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Question 4  (4 points)

 

If business operates within the law, does it thereby automatically operate morally?

 

Question 4 options:

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A) 

Yes.

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B) 

No.

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C) 

Unrelated

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D) 

Ambiguous.

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Question 5  (4 points)

 

The aim of business ethics is:

 

Question 5 options:

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A) 

neither defense of the status quo nor its radical change.

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B) 

to implement radical change.

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C) 

to represent a panacea.

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D) 

none of the above.

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Question 6  (4 points)

 

Psychologist L. Kohlberg identified which of the following:

 

Question 6 options:

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A) 

a need for a deontological approach in society.

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B) 

a psychological theory that was undisputed.

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C) 

three levels of moral development, each with two stages.

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D) 

that ethical theory was free of traditional investigations.

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Question 7  (4 points)

 

One alternative to ethical relativism is:

 

Question 7 options:

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A) 

moral relativism.

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B) 

normative ethical relativism.

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C) 

normative moral relativism.

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D) 

moral absolutism.

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Question 8  (4 points)

 

Most moral judgements in business are made on such generally accepted rules as:

 

Question 8 options:

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A) 

do no harm.

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B) 

do not kill.

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C) 

tell the truth.

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D) 

all of the above.

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Question 9  (4 points)

 

The notions of virtue, character, moral imagination, and ideals are:

 

Question 9 options:

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A) 

considered mutually important with individuals.

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B) 

not inter-related.

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C) 

are obscure ideas and are unobtainable.

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D) 

applicable more to business than to individuals.

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Question 10  (4 points)

 

The Utilitarian approach to ethics is based on:

 

Question 10 options:

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A) 

the greatest amount of good for the most people.

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B) 

Samual Gorvitz's research in human behavior.

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C) 

being able to do something different.

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D) 

is not reasonable for rational beings.

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Question 11  (4 points)

 

In our society, unlike those of other societies, moral decisions:

 

Question 11 options:

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A) 

hinge on consequences.

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B) 

are seen the same by all groups.

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C) 

do not effect laws.

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D) 

all of the above.

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Question 12  (4 points)

 

When applying Utilitarianism we:

 

Question 12 options:

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A) 

specify action that we wish to consider.

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B) 

specify all those affected by the action.

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C) 

formulate the good and bad consequences for those who would be affected.

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D) 

all of the above.

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Question 13  (4 points)

 

Steps of a Utilitarian analysis include:

 

Question 13 options:

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A) 

accurately state the action to be evaluated.

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B) 

sum up all the good and bad consequences.

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C) 

compare the results of the various actions.

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D) 

all of the above.

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Question 14  (4 points)

 

According to utilitarianism, we should evaluate an action by:

 

Question 14 options:

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A) 

whether or not it satisfies our needs and wants.

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B) 

determining if it has value.

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C) 

looking at its consequences.

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D) 

how it feels.

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Question 15  (4 points)

 

Rational human beings can:

 

Question 15 options:

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A) 

support the rule that lying is universally consistant.

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B) 

understand the need for consistency in action.

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C) 

intuitively feel extrinsic thoughts.

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D) 

generally disagree with Kant.

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Question 16  (4 points)

 

The Categorical Imperative, according to the dominant deontological postition, requires that any second-order moral law:

 

Question 16 options:

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A) 

must respect the dignity of persons.

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B) 

must be acceptable to rational beings.

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C) 

both A and B.

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D) 

none of the above.

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Question 17  (4 points)

 

Many social issues and business ethics topics are discussed in terms of rights. Moral rights are:

 

Question 17 options:

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A) 

important.

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B) 

normative.

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C) 

justifiable.

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D) 

all of the above.

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Question 18  (4 points)

 

Rawl's theory of distributive justice states that principles would be:

 

Question 18 options:

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A) 

enforceable by law.

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B) 

regulated or controlled in some way.

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C) 

universal and respect all persons.

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D) 

none of the above.

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Question 19  (4 points)

 

The steps of applying rights and justice include:

 

Question 19 options:

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A) 

when rights conflict, select and explain the choice.

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B) 

using the "imaginary veil of ignorance".

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C) 

considering other over-riding considerations.

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D) 

all of the above.

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Question 20  (4 points)

 

Moral imagination is a necessary ingredient in solving cases and requires:

 

Question 20 options:

[removed]

A) 

a deontological analysis before implementing.

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B) 

empathy towards others so that we feel what they feel.

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C) 

a utilitarian analysis before implementing.

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D) 

No analysis.

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Question 21  (4 points)

 

Agent responsibility is:

 

Question 21 options:

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A) 

frequently found in business and is often complex.

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B) 

not easily identified.

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C) 

straight-forward.

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D) 

having few people involved.

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Question 22  (4 points)

 

Steps of a General Moral Analysis involve:

 

Question 22 options:

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A) 

creating a mathematical model.

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B) 

limiting the analysis to match a desired outcome.

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C) 

using the fundamentals of Prometheus.

[removed]

D) 

none of the above.

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Question 23  (4 points)

 

One of the objections to Utilitarianism is:

 

Question 23 options:

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A) 

that it doesn't adapt to a change in morals.

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B) 

that the ideals are old fashioned.

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C) 

that no one has the time to calculate all the consequences of an action beforehand.

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D) 

that it relies on the Bible for the basis of moral judgements.

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Question 24  (4 points)

 

Economic models are often compared to:

 

Question 24 options:

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A) 

chess and Chinese checkers.

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B) 

war games.

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C) 

theological analysis.

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D) 

humanology.

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Question 25  (4 points)

 

In a free market the government:

 

Question 25 options:

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A) 

sets wages.

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B) 

controls production.

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C) 

sets prices.

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D) 

none of the above.

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Question 26  (4 points)

 

A partial model of socialism would include the following features:

 

Question 26 options:

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A) 

an industrial base.

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B) 

centralized planning.

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C) 

both A and B.

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D) 

none of the above.

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Question 27  (4 points)

 

Which American philosopher believes justice is best served if people are put behind a veil of ignorance?

 

Question 27 options:

[removed]

A) 

Lawrence Kohlberg.

[removed]

B) 

Jeremy Bentham.

[removed]

C) 

John Rawls.

[removed]

D) 

Immanuel Kant.

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Question 28  (4 points)

 

The most virulent attack on capitalism comes from:

 

Question 28 options:

[removed]

A) 

Adam Smith.

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B) 

Karl Marx.

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C) 

Third world countries.

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D) 

Warren Buffet.

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Question 29  (4 points)

 

Capitalism historically suffers from cyclical crises. The U.S. government attempts to keep the cycles from rising or falling too sharply by:

 

Question 29 options:

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A) 

enacting fiscal and monetary policies.

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B) 

controlling its spending.

[removed]

C) 

both A and B.

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D) 

none of the above.

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Question 30  (4 points)

 

Marx's "Labor Theory of Value", has as a basic premise that:

 

Question 30 options:

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A) 

Capitalism cannot exist without exploiting the worker.

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B) 

the worker is the primary benefactor.

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C) 

trickle down economics will prevail.

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D) 

in a capitalist economy human labor is sold for more than its worth.

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Question 31  (4 points)

 

The defense of the American Free Enterprise system includes:

 

Question 31 options:

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A) 

emphasis on its values.

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B) 

its historic record in producing wealth.

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C) 

it's preferability to socialist societies.

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D) 

all of the above.

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Question 32  (4 points)

 

The libertarian view of government is:

 

Question 32 options:

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A) 

the government should provide for all through welfare and other programs.

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B) 

that government should regulate all businesses.

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C) 

that government is to protect people and property from foreign attack.

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D) 

none of the above.

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Question 33  (4 points)

 

A major complaint against the World Trade Organization (WTO) is:

 

Question 33 options:

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A) 

that the conditions of trade are unfair to less developed nations.

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B) 

that the WTO does not formally announce when it is meeting.

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C) 

that the WTO process is undemocratic and lacks transparency.

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D) 

both A and C.

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Question 34  (4 points)

 

A solution to excessive executive compensation that was adopted by the Sarbanes-Oxley Act was: 

 

Question 34 options:

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A) 

that the compensation board cap CEO salaries at a level of 40 times the lowest paid workers. 

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B) 

that the compensation committee of the board be composed entirely of independent directors.

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C) 

that the CEO not be able to determine their salary.

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D) 

that the compensation of the CEO be set at a level equal with that of their peers at competing firms.

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Question 35  (4 points)

 

Section 302 of the Sarbanes-Oxley Act is a section that has probably received the most attention. This is because of its requirement that:

 

Question 35 options:

[removed]

A) 

there are penalties of $5 million dollars and 20 years in prison for willful violations.

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B) 

that the CEO and CFO both certify that the board has processes to catch problems. 

[removed]

C) 

the CEO and CFO both certify the fairness and accuracy of financial statements.

[removed]

D) 

all of the above.

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