Identify a true statement about ethical decision making in business

Assistnace with Quiz

QUESTION 1

1. Which of the following statements is true about ethical decision making in ?

A.

It is limited to the type of major corporate decisions with social consequences.

B.

It should rely on the personal values and principles of the individuals involved

C.

It involves significant general policy issues that affect entire organizations.

D.

Every employee, except workers in a process-oriented organization, will be faced with an issue that will require ethical decision making.

4 points

QUESTION 2

1. Which of the following best describes a business stakeholder?

A.

Anyone who affects or is affected by decisions made within a firm.

B.

Anyone who has acquired significant shareholding in a firm.

C.

Anyone with a controlling interest in a firm.

D.

Minority shareholders in a business entity.

A corporatestakeholderis a person or group who can affect or be affected by the actions of abusiness. Internalstakeholdersare groups within abusinessor people who work directly within thebusiness, such as employees, owners, and investors.

4 points

QUESTION 3

1. The aspect ethics that examines business institutions from a social rather than an individual perspective is referred to as:

A.

institutionalized ethical responsibility.

B.

corporate cultural responsibility.

C.

decision making for social responsibility.

D.

institutional morality.

4 points

QUESTION 4

1. Kathy, your best friend and , asks you to help her with a challenging ethical predicament. Which of the following would be your first step in the decision making ?

A.

Identifying the ethical issue

B.

Considering the available alternatives

C.

Determining the facts of the situation

D.

Making the decision

1 Identify a problem or opportunity

2 Step 1:Identify the decision to be made.You realize that a decision must be made. You then go through an internal process of trying to define clearly the nature of the decision you must make.

4 points

QUESTION 5

1. Which of the following statements reflects the concept of normative myopia?

A.

"I was so involved in our debate that I missed the red light. We need to limit our conversations in the car."

B.

"I may have exaggerated the features of the product to get this sale. You knew how important this deal was for me.”

C.

"Brad met with an accident because he was drunk while driving. I hope he has learnt his lesson."

D.

"I never expected Draco to steal from me; he has been my friend for so long."

4 points

QUESTION 6

1. In the ethical decision-making process, once we have examined the facts and identified the ethical issues involved, we should next:

A.

make the decision.

B.

consider the available alternatives.

C.

identify stakeholders.

D.

monitor and learn from the outcomes.

4 points

QUESTION 7

1. Which of the following explains the term "satisficing?"

A.

Considering limited alternatives while making decisions.

B.

Selecting the alternative that meets minimum decision criteria.

C.

Following simplified decision rules.

D.

Selecting the alternative simply because it is the easy way out.

4 points

QUESTION 8

1. Ethical reasoning falls into three major categories. Identify them.

A.

Utility, virtue, and values

B.

Universal rights, values, and moral principles

C.

Personal character, consequences, and principles

D.

Universal rights, cultural norms, and mores

4 points

QUESTION 9

1. The study of various character traits that can contribute to, or obstruct, a happy and meaningful human life is part of:

A.

philosophical ethics.

B.

virtue ethics.

C.

deontological ethics.

D.

utilitarianism.

4 points

QUESTION 10

1. Utilitarianism has been called a(n):

A.

consequentialist approach to ethics.

B.

behavioral approach to ethics.

C.

commonsensical approach to ethics.

D.

intuitive approach to ethics.

4 points

QUESTION 11

1. Which of the following traditions would support child labor because it produces better overall consequences than the available alternatives?

A.

Virtue ethics

B.

Deontological ethics

C.

Utilitarianism

D.

Classicism

4 points