St. Johns University

BUSINESS 401A

CHAPTER-3

TRUE/FALSE QUESTIONS

1)Joe has outlined the goals that he wants to achieve in his life. These are known as his Instrumental

Values.

2. Values change as we develop more life experience.
3. Values tend to be relatively stable and enduring.
4. "Everyone should get a college education" is a value statement.  
5. Joe and Sue are having a discussion. Joe says, "Capital punishment is right because it is an

appropriate response to crimes such as murder." Sue fights back, "No government has the right to

take anyone's life!" Joe and Sue are both making value statements.

6. Instrumental values are the means of achieving terminal values.  
7. There are few universal values or consistent ethical principles.  
8. "The truth should be told" is not one of the Magnificent Seven Principles.
9. Individualism refers to a loosely knit social framework in which people tend to their own interests

and those of their immediate family.

10. Organizations in a society high in uncertainty avoidance are likely to have more formal rules.
11. It is consistent for a country with a democratic government to rank below average on power

distance.