Which of the following exemplifies insider trading?
a. Underreporting income
b. Falsifying account documents
c. Misappropriation of proprietary knowledge
d. Illegally evading income taxes
According to the economic model of corporate social responsibility, the sole duty of a
business is to:
a. go beyond legal responsibilities to cater to the needs of the society.
b. fulfill the economic functions that it was designed to serve.
c. think beyond economic ends that have to be met to help the society.
d. analyze the defects in society and design products to overcome these defects.
Which of the following is discrimination against those traditionally considered to be in
power or the majority?
a. Reverse discrimination
b. Affirmative action
c. Inverse discrimination
d. Backward discrimination
Which of the following is an example of consumer vulnerability?
a. Elderly people susceptible to expensive health care bills
b. Poor people susceptible to bankruptcy
c. Children susceptible to any bright, attractive items of no practical value
d. Single women walking alone at night susceptible to sexual assault
_____ reasoning is reasoning about what we should believe.
a. Practical
b. Abstract
c. Theoretical
d. Descriptive
No group could function if members were free at all times to decide for themselves
what to do and how to act. Which of the following functions to organize and ease
relations between individuals?
a. Autocracy
b. Self-rule
c. Social contract
d. Personal norms
If we judge a leader solely by the results produced, we are following the _____ ethical
tradition.
a. deontological
b. virtual
c. Kantian
d. utilitarian
Which of the following was charged with developing recommendations for paths
toward economic and social development that would not achieve short-term economic
growth at the expense of long-term environmental and economic sustainability?
a. The Bluewash Commission
b. The Binding Commission
c. The Barentsburg Commission
d. The Brundtland Commission
Which of the following is true about values?
a. Values are the highest standards of appropriate and proper behavior.
b. Corporate scandals prove the fact that individuals have personal values, but
institutions lack values.
c. Values cannot lead to unethical results.
d. Values are underlying beliefs that cause us to act or to decide in a certain way.
Identify the approach that assumes that every purchase involves the informed consent
of the buyer and is ethically legitimate.
a. Res ipsa loquitur approach
b. Prima facie approach
c. Caveat emptor approach
d. Caveat venditor approach
Which of the following is true about the market-based approach to environmental
responsibility?
a. Market failure occurs when no markets exist to create a price for important social
goods.
b. Free market exchanges can guarantee optimal results for addressing issues related to
externalities.
c. The market-based approach always ensures that what is good and rational for a
collection of individuals is also good and rational for a society.
d. Markets can be very successful if important ethical and policy questions and policy
decisions are left solely to the outcome of individual decisions.
Which of the following elements of COSO sets the tone or culture of a firm?
a. Ongoing monitoring
b. Information and communications
c. Risk assessment
d. Control environment
‘We ought to stop at a red light, even if no cars are coming and I could get to my
destination that much sooner.’ Identify the ethical approach that follows this line of
thought.
a. Virtue ethics
b. Utilitarianism
c. Role ethics
d. Ethics of principles
Which of the following is an example of a social role?
a. Student-body president
b. Manager
c. Neighbor
d. Accountant
The crux of normative ethics is that these disciplines:
a. presuppose some underlying values.
b. describe what people do.
c. should always involve the study or discipline of ethics.
d. branch away from social ethics to personal ethics.
A consumer’s consent to purchase a product is not informed if that consumer is:
a. unwilling to listen to the product details from the sales person.
b. injured after using the product and filed a product liability suit.
c. asked to buy a product without a warranty.
d. being misled or deceived about the product.
Which of the following is an approach advocated while teaching ethics?
a. Teachers should teach ethical dogma to a passive audience.
b. Teachers should consider acceptance of customary norms as an adequate ethical
perspective.
c. Teachers should understand that their role is only to tell the right answers to their
students.
d. Teachers should challenge students to think for themselves.
In the ethical decision-making process, creativity in identifying options is also known
as _____.
a. moral imagination
b. descriptive imagination
c. intentional deliberation
d. normative imagination
Which of the following models does not differentiate natural resources from the other
factors of production and does not explain the origin of resources?
a. The circular flow model
b. The triple bottom line model
c. The bilinear model
d. The sustainability model
Which traits should a leader possess so that he or she can be perceived as being
ethical?
Summarize how the definition of privacy gives rise to two streams of thought about
rights?
For employee health and safety in the workplace, ‘_____’ is determined by comparing
the probabilities of harm involved in various activities.
Discuss the hesitation (that may be justified) associated with teaching ethics. Explain
briefly how the authors of this text believe that ethics can be taught constructively in a
class.
According to the narrow view of economic model of CSR, only philanthropy done for
reputational reasons and financial ends is ethically responsible. What is the justification
for this statement?
Outline the importance of ‘walking a mile in another’s shoes’ and associate it with the
fifth step of the ethical decision-making process.
_____ occurs when someone is susceptible to some specific physical, psychological, or
financial harm.
Can non-profit organizations be categorized under the integrative model of corporate
social responsibility? Elaborate.