Identify one of the implications of the ‘dependence effect.’
a. Unless a seller explicitly warrants a product as safe, buyers are liable for any harm
they suffer.
b. Advertising and marketing create consumer wants that support the entire economy.
c. The court’s ruling on product liability cases is dependent on the extent of
manipulation.
d. By creating consumer wants, advertising and other marketing practices violate
consumer autonomy.
An organization, in an attempt to avoid discrimination suits filed against it, intentionally
hires a lot of African-American women, and a few disabled people. Which of the
following is most likely to occur?
a. The performance of the organization will increase.
b. The organization will win an award for equity.
c. There will be an increase in the number of diversity training sessions.
d. A white man or a woman will file a reverse discrimination suit.
Which of the following explains the statement ‘All resources are fungible’?
a. It means that all resources can be regulated by the government.
b. It means that all resources can be replaced by substitutes.
c. It means that all resources cannot be duplicated.
d. It means that all resources cannot be recycled and reused.
According to Kevin Bahr, which of the following is a cause for conflicts in the financial
markets?
a. The independence and lack of expertise of audit committees
b. The presence of shareholder activism
c. Long-term executive greed versus short-term shareholder wealth
d. Self-regulation of the accounting profession
Which of the following gatekeepers guarantee that executives act on behalf of the
stockholders’ interests?
a. Accountants
b. Board of directors
c. Auditors
d. Analysts
Some employers emphasize the rights and duties of all employees, and treat employees
well simply because ‘it is the right thing to do.’ Identify the ethical approach for this
perspective.
a. Prescriptive ethics
b. Utilitarianism
c. Deontological ethics
d. Classicism
Which of the following ethical approaches binds us to act or decide in certain ways?
a. Kantian ethics
b. Utilitarianism
c. Virtue ethics
d. Principle-based ethics
How does advertising distort the economy?
a. It manipulates prices for promotion to gain a foothold in a market.
b. It results in supply becoming a function of demand.
c. It is not able to create nonautonomous desires.
d. It creates irrational and trivial consumer wants.
Which of the following approaches conceives of practical reason in terms of deciding
how to act and what to do?
a. Utilitarianism
b. Virtue-based
c. Kantian
d. Altruism
A claim which states that people who ‘˜pay’ for wrongs are unfairly burdened and
should not bear the responsibility for the acts of others, is opposing _____.
a. reverse discrimination
b. judicial activity within organizations
c. affirmative action
d. authoritative leadership
Which of the following would be advocated by the ‘administrative’ version of
utilitarianism?
a. Deregulation of advertising standards
b. Reliance on free and competitive markets
c. Risk-taking by consumers
d. Government regulation of business
Which of the following statements is true about the market controlled approach to
health and safety?
a. It treats employees disrespectfully by ignoring their input as stakeholders.
b. In this approach, employees are free to choose the risks they are willing to face by
bargaining with employers.
c. It assumes an equivalency between workplace risks and other types of risks when
there are significant differences between them.
d. It calls for the determination of comparison of probabilities of harm involved in
various activities.
Which of the following statements is true about the right of due process?
a. In legal contexts, due process refers to the procedures that police and courts must
follow in exercising their authority over citizens.
b. Few dispute that the state, through its police and courts, has the authority to punish
citizens. This authority of the state is the right of due process.
c. Due process in the workplace acknowledges employees’ authority over an employer.
d. In legal contexts, due process refers to the unlimited authority that police and courts
have over citizens, to create a safe and orderly society.
Speaking on a cell phone while driving, and as a result, missing a highway turn-off by
mistake is an example of _____.
a. normative myopia
b. inattentional blindness
c. descriptive ignorance
d. change blindness
Which of the following is true about corporate cultures?
a. Corporate cultures are not influenced by the people comprising that organization.
b. Corporate cultures are not subject to changes over time.
c. Corporate cultures can hinder individuals in making the ‘right’ decisions.
d. Corporate cultures in a global firm differ significantly across different countries.
The three major categories of an ethical framework are:
a. utility, virtue, and values.
b. universal rights, values, and moral principles.
c. universal rights, cultural norms, and morals.
d. consequences, principles, and personal character.
Which of the following should an organization do in order to have an effective
compliance and ethics program?
a. It should do a public display of an employee’s report on an unethical behavior.
b. It should ensure that people who have previously engaged in unethical activities are
placed in charge of programs.
c. The organization should communicate its standards and procedures to all members.
d. Low-level personnel must be assigned to have responsibility for the program.
Which of the following is true of the acceptable risk approach to health and safety?
a. It is a liberal approach to health and safety that allows employees to recognize the
risk they are likely to face.
b. It involves the determination of ‘relative risks,’ the calculation of which is a
complicated process and not always reliable.
c. It treats employees disrespectfully by ignoring their input as stakeholders.
d. It assumes differences between workplace risks and other types of risks when there
are significant similarities between them.
‘Closed-loop’ production seeks to integrate what is presently waste, back into
production. In an ideal situation, the waste of one firm becomes the resource of another,
and such synergies can create eco-industrial parks. This principle is often referred to as:
a. biomimicry.
b. eco-efficiency.
c. biosynergy.
d. backcast.
According to the _____, the most efficient economy is structured based on the
principles of free market capitalism.
a. Kantian framework of ethics
b. principle-based framework of ethics
c. utilitarian framework of ethics
d. virtue-based framework of ethics
Society creates a strong incentive for businesses to produce safer goods and services by
holding them responsible for any harm their products cause. This claim supports the:
a. strict product liability standard.
b. actual foreseeability standard.
c. reasonable person standard.
d. consent and informed decision standard.
The utilitarian tradition relies on _____ for deciding on the ethical legitimacy of
alternative decisions.
a. intuition
b. experience
c. variable analysis
d. social sciences
Jim resides in the vicinity of a steel manufacturing firm. Any changes in the pollution
control or waste treatment policy of the firm indirectly affects Jim. In this sense, Jim is
a(n) _____.
a. shareholder
b. employee of the firm
c. observer
d. stakeholder
_____ is the aspect of ethics that is referred to by the phrase ‘personal integrity.’
How do privacy issues at the workplace raise ethical issues involving individual rights
as well as those involving utilitarian consequences?
Differentiate between practical reason and theoretical reason.
What are the ethical responsibilities of board members?
Discuss in brief, the guidelines suggested for tackling downsizing within an
organization.
According to _____, science is the great arbiter of truth.