Homework answers / question archive / FPT University BUE 201 Chapter 01 1)Which of the following statements is true about ethical decision making in business? A

FPT University BUE 201 Chapter 01 1)Which of the following statements is true about ethical decision making in business? A

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FPT University

BUE 201

Chapter 01

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

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

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

C.            It involves significant general policy issues that affect entire organizations.

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

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

a.            Minority shareholders in a business entity.

b.            Anyone who has acquired significant shareholding in a firm.

c.             Anyone with a controlling interest in a firm.

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

3.            Identify the bill that was passed in April 2009 to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008 to prohibit unreasonable and excessive compensation and compensation not based on performance standards.

a.            Gramm-Rudman-Hollings Performance and Results Act

b.            Employee Pay Comparability Act

c.             Grayson-Himes Pay for Performance Act

d.            Statutory Pay-As-You-Go Act

4.            Which of the following is the objective of The Grayson-Himes Pay for Performance Act?

A. To ban future "unreasonable and excessive" compensation at companies receiving federal bailout money.

B.            To set up the Public Company Accounting Oversight Board in the wake of accounting scandals that rocked the private sector.

C.            To outlaw the practice of backdating of stock options awarded to senior management.

D.            To set upper limits on executive pay based on average employee salary in all private sector organizations.

 

 

 

5.            Which of the following best describes ethics?

a.            An academic discipline which originated in the early 1900s.

b.            A descriptive approach that provides an account of how and why people do act the way they do.

c.             The study of how human beings should properly live their lives.

d.            A normative approach such as psychology and sociology.

 

C

 

6.            Which of the following is an approach advocated while teaching ethics?

a.            Preach ethical dogma to a passive audience.

b.            Consider acceptance of customary norms as an adequate ethical perspective.

c.             Teachers should understand that their role is to tell students the right answers. D. Challenge students to think for themselves.

 

 

 

7.            Philosophers often emphasize that ethics is:

a.            normative.

b.            descriptive.

c.             stipulative.

d.            persuasive.

 

 

 

8.            Which of the following observations is true of ethics?

a.            It is descriptive in nature.

b.            It deals with our reasoning about how we should act.

c.             It provides an account of how and why people do act the way they do.

d.            It is equivalent to law-abiding behavior.

 

 

 

9.            Like ethics, social sciences such as psychology and sociology also examine human decision making and actions. However, these fields differ from ethics because they are:

a.            normative in nature. B. descriptive in nature.

C. persuasive in nature.

D. stipulative in nature.

 

 

10.          Ethics seeks an account of how and why people should act a certain way, rather than how they do act. This nature of ethics makes it a           discipline.

a.            descriptive

b.            supererogatory C. normative

D. stipulative

11.          Individual codes of conduct regarding how one should live, how one should act, what one should do, what kind of a person should one be etc. is sometimes referred to as:

 

a.            morality.

b.            independence.

c.             leadership.

d.            rationality.

 

 

 

12.          Morality is the aspect of ethics that we can refer to by the phrase:

a.            "personal freedom."

b.            "individual rationality." C. "personal integrity."

D. "persuasive rationality."

13.          Which of the following branches of study raises questions about justice, law, civic virtues, and political philosophy?

a.            Stipulative ethics

b.            Morality

c.             Descriptive ethics D. Social ethics

 

 

 

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

a.            decision making for social responsibility.

b.            corporate cultural responsibility.

c.             institutionalized ethical responsibility.

d.            institutional morality.

 

 

 

15.                         set the standards or guidelines for determining what one should do, how one should act, what type of person one should be.

a.            Roles

b.            Attitudes C. Norms

D. Laws

16.          The crux of normative ethics is that these disciplines: A. presuppose some underlying values.

B.            underline certain ethical issues.

 

C.            support certain norms over others.

D.            branch away from social ethics to personal ethics.

 

 

 

17.          Which of the following are underlying beliefs that cause us to act or to decide one way rather than another?

a.            Patterns

b.            Codes

c.             Sets D. Values

 

 

 

18.          Which of the following are beliefs and principles that provide the ultimate guide to a company's decision making?

a.            Mission statement B. Core values

C. Historical milestones

D. Vision statement

19.          Which of the following best describe the norms that guide employees, implicitly more often than not, to behave in ways that the firm values and finds worthy?

a.            Organizational culture

b.            Workforce management

c.             Knowledge management

d.            Organizational behavior

20.          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.

21.          Ethics requires that the promotion of human welfare be done:

a.            keeping in mind the personal opinions of the decision maker.

b.            based on the level of need of the beneficiaries.

c.             understanding the religious beliefs of the beneficiary.

d.            in a manner that is acceptable and reasonable from all relevant points of view.

 

 

 

 

22.          The failure of personal ethics among companies like Enron and WorldCom led to the creation of the:

a.            Brooks Act.

b.            Gramm-Leach-Bliley Act.

c.             Clinger-Cohen Act. D. Sarbanes-Oxley Act.

 

 

 

23.          Which of the following observations is true?

a.            Obedience to the law is sufficient to fulfill one's ethical duties.

b.            The law can be an efficient mechanism to prevent serious harms and at promoting "goods." C. The law cannot anticipate every new dilemma that businesses might face.

D. An individual's ethical responsibility can never cross paths with the law.

 

 

 

24.          Telling organizations that their ethical responsibilities end with obedience to the law: A. is just inviting more legal regulation.

B.            is enough to maintain an ethical business environment.

C.            will reduce the frequency of corporate scandals.

D.            will eliminate ambiguity while making personal ethics-related decisions.

 

 

 

25.          Dramatic examples from history, including Nazi Germany and apartheid in South Africa, demonstrate that:

a.            societies valuing freedom welcome laws that require more than the ethical minimum.

b.            ethical responsibilities give rise to more and more regulations.

c.             obedience to law is sufficient to fulfill one's ethical duties. D. one's ethical responsibility may run counter to the law.

 

 

 

26.          The Americans with Disabilities Act is an example of the fact that:

a.            societies valuing freedom welcome laws that require more than the ethical minimum. B. a perspective that compliance is enough relies on a misleading understanding of law.

C. obedience to law is sufficient to fulfill one's ethical duties.

D. laws can anticipate every new business dilemma that might be faced.

 

 

27.          Which of the following helps identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives?

a.            Risk aversion

b.            Risk benchmarking C. Risk assessment

D. Risk minimization

28.          Practical reasoning is reasoning about:

a.            what we should think. B. what we should do.

C. what we should believe.

D. what we should share.

 

 

 

29.          Theoretical reasoning is reasoning about:

a.            what we should think.

b.            what we should do.

c.             what we should believe.

d.            what we should implement.

 

 

 

30.          Which of the following refers to the pursuit of truth and the highest standard for what we should believe?

a.            Theoretical reason

b.            Critical reason

c.             Philanthropic reason

d.            Practical reason

31.          According to the tradition of theoretical reason,                is the great arbiter of truth.

a.            religion

b.            perception C. science

D. ethics

32.          Which of the following can be thought of as the answer to the fundamental questions of theoretical reason?

a.            The scientific method

 

b.            The practical approach

c.             The contingency approach

d.            The normative model