(Spring 2015 BMGT 1327 CRN 40722)Assignment:Chapter 4 Exam1.award:3 out of3.00 pointsMilton Friedman contended that a business cannot increase its profits while conforming to society’s laws and ethical customs.True False2.award:3 out of3.00 pointsEcocentric management centers around practices that maximize current economic growth, irrespective of the potential harm to future generations.True False3.award:3 out of3.00 pointsWhich of the following goals of a transcendent education is described as speaking out against unethical actions?EmpathyGenerativityMutualityCivil aspiration Intolerance of ineffective humanity4.award:3 out of3.00 pointsAccording to Kohlberg’s model of cognitive moral development, people in the _____ stage see beyond authority, laws, and norms and follow their self-chosen ethical principles.universalconventional principledpreconventionalpostconventional5.award:3 out of3.00 pointsIn the context of ethical systems, which of the following is true of virtue ethics? It suggests that what is moral must come from what a mature person with good “moral character” would deem right.It bases ethical behavior on the opinions and behaviors of relevant other people.It states that all people should uphold certain values that society needs to function.It states that the greatest good for the greatest number should be the overriding concern of decision makers.It holds that individual self-interest is the actual motive of all conscious action.6.award:3 out of3.00 pointsIn the context of corporate social responsibility, supporting community projects and making charitable contributions are examples of _____.legal responsibilityeconomic responsibilityethical responsibilitypolitical responsibility philanthropic responsibility7.award:3 out of3.00 pointsAll About U (AAU) Salon believes in and engages in meeting societal expectations whether or not written as law, and voluntarily uses earth-friendly products. AAU can be described as operating at which level of the pyramid of corporate social responsibility?Legal responsibilityPhilanthropic responsibility Ethical responsibilityEconomic responsibilityAdministrative responsibility8.award:3 out of3.00 pointsWhich of the following may prevent the creation of a business climate conducive to unethical behavior?Consideration of ethics solely as a legal issue or a public relations toolA desire for “quick fix” solutions to ethical problemsFailure to establish a written code of ethicsExcessive emphasis on short-term revenues Willingness to take an ethical stand that may impose financial costs9.award:3 out of3.00 points_____, an ethical system, defines ethical behavior according to how others behave.UniversalismVirtue ethicsUtilitarianismEgoism Relativism10.award:3 out of3.00 points_____ has as its goal the creation of sustainable economic development and improvement of quality of life worldwide for all organizational stakeholders.EgoismCompliance buildingStonewallingLife-cycle analysis Ecocentric management11.award:3 out of3.00 pointsThe _____ Act established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence.Commodity Futures ModernizationGlass-SteagallGramm-Leach-Bliley Sarbanes-OxleySecurities Exchange12.award:3 out of3.00 points_____ refers to the moral principles and standards that guide the behavior of an individual or group.Corporate legitimacyPrioritization EthicsThe legal systemJustice13.award:3 out of3.00 pointsUnethical behavior happens only in a business environment.True False14.award:3 out of3.00 pointsThe economic responsibilities of business include satisfying its obligations to investors. TrueFalse15.award:3 out of3.00 pointsWho among the following persons said, “The social responsibility of business is to increase profits”?Adam SmithRobert GiacaloneBenjamin FranklinThomas Jefferson Milton Friedman16.award:3 out of3.00 pointsBusiness should look at environmental issues as a no-win situation: either one helps the environment and hurts one’s business, or else one helps one’s business at a cost to the environment.True False17.award:3 out of3.00 pointsIn the context of making ethical decisions, knowing what actions are morally defensible is referred to as: moral judgment.moral character.moral awareness.moral ability.moral certainty.18.award:3 out of3.00 pointsA manager of a company is facing an ethical problem. He uses the formal process for ethical decision making to resolve the problem. Which of the following steps will he begin with?Defining the complete moral problem Understanding all the moral standards and recognizing all moral impactsEvaluating the success of the solutionProposing a convincing moral solutionDetermining the legal requirements19.award:3 out of3.00 pointsCarol uses certain principles, rules, and values such as honesty, fairness, and cooperation in her daily life to determine what is right or wrong. Which of the following does she employ when making decisions?rev: 03_15_2013_QC_26742Egoism Moral philosophyEcocentric managementUniversalismCarrying capacity20.award:3 out of3.00 pointsIn the context of corporate social responsibility, _____ responsibility involves meeting other social expectations, not written as law.economiclegalphilanthropic ethicalhuman rights21.award:3 out of3.00 pointsWhile working as a receptionist in a lawyer’s office, Marcus was instructed to inform callers that the lawyer was in court when, in fact, the lawyer was playing golf. He eventually quit the job because he could not bring himself to lie to people. Marcus was following the ethical system known as:the Taylor Principles.relativism.egoism.social justice. universalism.22.award:3 out of3.00 pointsA company was required by law to change its physical work environment in such a way so as to enable disabled people to function properly. Since the company followed a(n) _____ ethics program, it did not stop at just making changes that would help it stay out of trouble with the law. It went further and trained its employees to be sensitive toward disabled people.mutuality-basedawareness-basedcompliance-based integrity-basedcompetency-based23.award:3 out of3.00 pointsIn the context of business ethics, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 issued a broader _____ rule in order to address the weaknesses of the Sarbanes-Oxley Act.sexual harassment protectionanti-discriminationhuman rights responsibility whistleblowerenvironmental preservation24.award:3 out of3.00 pointsLaura, an employee at a company, observed that one of her co-workers accessing confidential company information and carrying it home on a flash drive. She informed her supervisor about it and the errant employee was fired. Unfortunately, Laura found herself ostracized by her co-workers after the incident. Her supervisor did not take any action to protect her. Hence, it can be stated that Laura’s company has a poor:rev: 03_15_2013_QC_26742distribution policy.administrative framework.strategic objective.span of control. ethical climate.25.award:3 out of3.00 pointsThe _____ model is a theory of corporate social responsibility which holds that managers are agents of shareholders whose primary objective is to maximize profits.ethical shareholderstakeholderphilanthropiceconomic26.award:3 out of3.00 pointsCaring, being honest, showing loyalty, being fair, and acting with integrity are all examples of:citizenship.excellence.ethics.self focus. values.27.award:3 out of3.00 pointsIn the context of business ethics and the law, which of the following statements is true regarding the Sarbanes-Oxley Act?It prohibits senior managers from personally signing off on financial results.It was passed by the Congress in 1992 to improve investor confidence.It requires companies to strictly adhere to a policy of sustainable development. It was passed by the Congress in response to a series of corporate scandals.It requires organizations to have more company insiders as members of the board of directors.28.award:3 out of3.00 pointsAccording to the Caux Principles for Business, the ethical ideal of kyosei means:recognizing the intrinsic worth of every human being.accepting the moral constraints of living in a society.deciding what is right by using a set of rules and regulations. living and working together for the common good.being aware of moral situations and then acting morally.29.award:3 out of3.00 pointsWhich of the following is true of unethical corporate behavior?Companies with international activities find it easier to maintain a positive ethical climate.Unethical corporate behavior is the sole responsibility of an unethical individual.Managers must adhere to firm standards in different cultural contexts, rather than decide when relativism is appropriate. Unethical corporate behavior reveals a company culture that is ethically lax.Business ethics are shaped exclusively by laws and by individual development and virtue.30.award:3 out of3.00 pointsSusan, an employee in a company, is facing a situation in which she has to choose between going along with her colleagues and filling out inaccurate time records, or informing her manager about the malpractice. In this context, Susan is faced with a(n):moral rights issue. ethical issue.universal value.corporate social responsibility.human rights violation.(Spring 2015 BMGT 1327 CRN 40722)Assignment:Chapter 4 Exam1.award:3 out of3.00 pointsMilton Friedman contended that a business cannot increase its profits while conforming to society’s laws and ethical customs.True False2.award:3 out of3.00 pointsEcocentric management centers around practices that maximize current economic growth, irrespective of the potential harm to future generations.True False3.award:3 out of3.00 pointsWhich of the following goals of a transcendent education is described as speaking out against unethical actions?EmpathyGenerativityMutualityCivil aspiration Intolerance of ineffective humanity4.award:3 out of3.00 pointsAccording to Kohlberg’s model of cognitive moral development, people in the _____ stage see beyond authority, laws, and norms and follow their self-chosen ethical principles.universalconventional principledpreconventionalpostconventional5.award:3 out of3.00 pointsIn the context of ethical systems, which of the following is true of virtue ethics? It suggests that what is moral must come from what a mature person with good “moral character” would deem right.It bases ethical behavior on the opinions and behaviors of relevant other people.It states that all people should uphold certain values that society needs to function.It states that the greatest good for the greatest number should be the overriding concern of decision makers.It holds that individual self-interest is the actual motive of all conscious action.6.award:3 out of3.00 pointsIn the context of corporate social responsibility, supporting community projects and making charitable contributions are examples of _____.legal responsibilityeconomic responsibilityethical responsibilitypolitical responsibility philanthropic responsibility7.award:3 out of3.00 pointsAll About U (AAU) Salon believes in and engages in meeting societal expectations whether or not written as law, and voluntarily uses earth-friendly products. AAU can be described as operating at which level of the pyramid of corporate social responsibility?Legal responsibilityPhilanthropic responsibility Ethical responsibilityEconomic responsibilityAdministrative responsibility8.award:3 out of3.00 pointsWhich of the following may prevent the creation of a business climate conducive to unethical behavior?Consideration of ethics solely as a legal issue or a public relations toolA desire for “quick fix” solutions to ethical problemsFailure to establish a written code of ethicsExcessive emphasis on short-term revenues Willingness to take an ethical stand that may impose financial costs9.award:3 out of3.00 points_____, an ethical system, defines ethical behavior according to how others behave.UniversalismVirtue ethicsUtilitarianismEgoism Relativism10.award:3 out of3.00 points_____ has as its goal the creation of sustainable economic development and improvement of quality of life worldwide for all organizational stakeholders.EgoismCompliance buildingStonewallingLife-cycle analysis Ecocentric management11.award:3 out of3.00 pointsThe _____ Act established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence.Commodity Futures ModernizationGlass-SteagallGramm-Leach-Bliley Sarbanes-OxleySecurities Exchange12.award:3 out of3.00 points_____ refers to the moral principles and standards that guide the behavior of an individual or group.Corporate legitimacyPrioritization EthicsThe legal systemJustice13.award:3 out of3.00 pointsUnethical behavior happens only in a business environment.True False14.award:3 out of3.00 pointsThe economic responsibilities of business include satisfying its obligations to investors. TrueFalse15.award:3 out of3.00 pointsWho among the following persons said, “The social responsibility of business is to increase profits”?Adam SmithRobert GiacaloneBenjamin FranklinThomas Jefferson Milton Friedman16.award:3 out of3.00 pointsBusiness should look at environmental issues as a no-win situation: either one helps the environment and hurts one’s business, or else one helps one’s business at a cost to the environment.True False17.award:3 out of3.00 pointsIn the context of making ethical decisions, knowing what actions are morally defensible is referred to as: moral judgment.moral character.moral awareness.moral ability.moral certainty.18.award:3 out of3.00 pointsA manager of a company is facing an ethical problem. He uses the formal process for ethical decision making to resolve the problem. Which of the following steps will he begin with?Defining the complete moral problem Understanding all the moral standards and recognizing all moral impactsEvaluating the success of the solutionProposing a convincing moral solutionDetermining the legal requirements19.award:3 out of3.00 pointsCarol uses certain principles, rules, and values such as honesty, fairness, and cooperation in her daily life to determine what is right or wrong. Which of the following does she employ when making decisions?rev: 03_15_2013_QC_26742Egoism Moral philosophyEcocentric managementUniversalismCarrying capacity20.award:3 out of3.00 pointsIn the context of corporate social responsibility, _____ responsibility involves meeting other social expectations, not written as law.economiclegalphilanthropic ethicalhuman rights21.award:3 out of3.00 pointsWhile working as a receptionist in a lawyer’s office, Marcus was instructed to inform callers that the lawyer was in court when, in fact, the lawyer was playing golf. He eventually quit the job because he could not bring himself to lie to people. Marcus was following the ethical system known as:the Taylor Principles.relativism.egoism.social justice. universalism.22.award:3 out of3.00 pointsA company was required by law to change its physical work environment in such a way so as to enable disabled people to function properly. Since the company followed a(n) _____ ethics program, it did not stop at just making changes that would help it stay out of trouble with the law. It went further and trained its employees to be sensitive toward disabled people.mutuality-basedawareness-basedcompliance-based integrity-basedcompetency-based23.award:3 out of3.00 pointsIn the context of business ethics, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 issued a broader _____ rule in order to address the weaknesses of the Sarbanes-Oxley Act.sexual harassment protectionanti-discriminationhuman rights responsibility whistleblowerenvironmental preservation24.award:3 out of3.00 pointsLaura, an employee at a company, observed that one of her co-workers accessing confidential company information and carrying it home on a flash drive. She informed her supervisor about it and the errant employee was fired. Unfortunately, Laura found herself ostracized by her co-workers after the incident. Her supervisor did not take any action to protect her. Hence, it can be stated that Laura’s company has a poor:rev: 03_15_2013_QC_26742distribution policy.administrative framework.strategic objective.span of control. ethical climate.25.award:3 out of3.00 pointsThe _____ model is a theory of corporate social responsibility which holds that managers are agents of shareholders whose primary objective is to maximize profits.ethical shareholderstakeholderphilanthropiceconomic26.award:3 out of3.00 pointsCaring, being honest, showing loyalty, being fair, and acting with integrity are all examples of:citizenship.excellence.ethics.self focus. values.27.award:3 out of3.00 pointsIn the context of business ethics and the law, which of the following statements is true regarding the Sarbanes-Oxley Act?It prohibits senior managers from personally signing off on financial results.It was passed by the Congress in 1992 to improve investor confidence.It requires companies to strictly adhere to a policy of sustainable development. It was passed by the Congress in response to a series of corporate scandals.It requires organizations to have more company insiders as members of the board of directors.28.award:3 out of3.00 pointsAccording to the Caux Principles for Business, the ethical ideal of kyosei means:recognizing the intrinsic worth of every human being.accepting the moral constraints of living in a society.deciding what is right by using a set of rules and regulations. living and working together for the common good.being aware of moral situations and then acting morally.29.award:3 out of3.00 pointsWhich of the following is true of unethical corporate behavior?Companies with international activities find it easier to maintain a positive ethical climate.Unethical corporate behavior is the sole responsibility of an unethical individual.Managers must adhere to firm standards in different cultural contexts, rather than decide when relativism is appropriate. Unethical corporate behavior reveals a company culture that is ethically lax.Business ethics are shaped exclusively by laws and by individual development and virtue.30.award:3 out of3.00 pointsSusan, an employee in a company, is facing a situation in which she has to choose between going along with her colleagues and filling out inaccurate time records, or informing her manager about the malpractice. In this context, Susan is faced with a(n):moral rights issue. ethical issue.universal value.corporate social responsibility.human rights violation.