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Understanding Business Ethics Third Edition Test Bank - Page 1

Document preview content for Understanding Business Ethics Third Edition Test Bank

Understanding Business Ethics Third Edition Test Bank

Simplify your study sessions with Understanding Business Ethics Third Edition Test Bank, an exam guide designed for effective revision and maximum retention.

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Understanding Business Ethics Third Edition Test Bank - Page 1 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceChapter 1:The Foundation of Ethical ThoughtTest BankMultiple Choice1. How is the price of a meal determined at a Panera Cares Café?a.Customers decide how much to pay for their mealb.Meal prices are determined based on the cost of meal preparationsc.Café managers set the prices of the meals each day based on ingredient costsd.Top management at Panera set a standard price of meals for all café locations.Ans:aLearning Objective:1.1Cognitive Domain:KnowledgeAnswer Location:Panera Cares Community Café:ALoaf inEveryAreaQuestion Type: MC2. The average Panera Cares Café will generate revenues of ___________ and profits of__________ per month.a. $10,000; $300 to $400b. $50,000; $1,000 to $5,000c. $100,000; $3,000 to $4,000d. $500,000; $30,000 to $35,000Ans:cLearning Objective:1.1Cognitive Domain:KnowledgeAnswer Location:Panera Cares Community Café:ALoaf inEveryAreaQuestion Type: MCThe profit from Panera Cares Café is used toa.Open new cafesb.Fund training programsc.Increase wagesd.PublicizePanera BreadAns:bLearning Objective:1.1Cognitive Domain:comprehensionAnswer Location:Panera Cares Community Café:ALoaf inEveryAreaQuestion Type: MC4. ___________ can be defined as the valuesthatan individual uses to interpret whether anyparticular action or behavior is considered acceptable and appropriate.a. Ethicsb. Validityc. Reliabilityd. CommitmentAns:a
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Understanding Business Ethics Third Edition Test Bank - Page 2 preview image
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Understanding Business Ethics Third Edition Test Bank - Page 3 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceLearning Objective:1.1Cognitive Domain:ComprehensionAnswerLocation:IntroductionQuestion Type: MC5. _____________ can be defined as the collective values of a business organization that can beused to evaluate whether the behaviors of the organization’s collective members are consideredacceptable and appropriate.a. Validityb. Businessethicsc. Self-efficacyd. GroupthinkAns:bLearning Objective:1.1Cognitive Domain:KnowledgeAnswer Location:IntroductionQuestion Type: MC6. Which of the following is not one of the three types of ethical examinations?a.Descriptiveb.Constructivec.Analyticald.NormativeAns:bLearning Objective:1.2Cognitive Domain:ComprehensionAnswer Location:Types ofEthicalExaminationsQuestion Type: MC7. What percentage of the 1,700 executives from 43 countries surveyed by Ernest and Youngstated they would be willing to make cash payments in the form of a bribe in order to obtainbusiness from a customer?a. 5%b. 15%c. 25%d. 45%Ans:bLearning Objective:1.1Cognitive Domain:ComprehensionAnswer Location:WhyIsStudying EthicsSoImportant?Question Type: MC8. ____________ is the presentation of facts related to specific ethical actions of an individual ororganization.a. Analyticalethicsb. Descriptiveethics
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Understanding Business Ethics Third Edition Test Bank - Page 4 preview imageStanwick,Understanding Business Ethics,3eInstructor Resourcec. Normativeethicsd. ConstructiveethicsAns:bLearning Objective: 1.2Cognitive Domain:ComprehensionAnswer Location:Types ofEthicalExaminationsQuestion Type: MC9. Which of the following is used when an observer wants to understand the cause of events thatgenerated the ethical issue?a. Analyticalethicsb. Descriptiveethicsc. Normativeethicsd. ConstructiveethicsAns:bLearning Objective:1.2Cognitive Domain:ComprehensionAnswer Location:Types ofEthicalExaminationsQuestion Type: MC10. _____________ is the process of understanding the reasons a course of action that may havean ethical impact took place.a. Analyticalethicsb. Descriptiveethicsc. Normativeethicsd. ConstructiveethicsAns:aLearning Objective:1.2CognitiveDomain: ComprehensionAnswer Location:Types ofEthicalExaminationsQuestion Type: MC11. From a legal standpoint, _____________ would address the “motive” behind the actionsinstead of just being satisfied with a description of the actions.a.Analytical ethicsb.Descriptive ethicsc.Normative ethicsd.Constructive ethicsAns:aLearning Objective:1.2Cognitive Domain:ComprehensionAnswer Location:Types ofEthicalExaminationsQuestion Type: MC12. _____________ is a prescribed course of action that attempts to ensure that ethical behaviorwill be followed in the future.
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Understanding Business Ethics Third Edition Test Bank - Page 5 preview imageStanwick,Understanding Business Ethics,3eInstructor Resourcea. Analyticalethicsb. Descriptiveethicsc. Normativeethicsd. ConstructiveethicsAns:cLearning Objective:1.2Cognitive Domain:ComprehensionAnswer Location:Types ofEthicalExaminationQuestion Type: MC13. ______________ allows employees and managers to address potential ethical issues beforethey occur.a. Analyticalethicsb. Descriptiveethicsc. Normativeethicsd. ConstructiveethicsAns:cLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Types ofEthicalExaminationQuestion Type: MC14. Which of the following is not one of the three teleological frameworks?a. Ethicalegoismb. Utilitarianismc. Kant’s ethicsd. Sidgwick’s DualismAns:cLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC15. The supporters of ______________ argue that this framework is the only ethical mold thatcaptures the essence of motivation within individuals.a. Utilitarianismb. Sidgwick’s Dualismc. Ethical Egoismd. Kant’s EthicsAns:cLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC
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Understanding Business Ethics Third Edition Test Bank - Page 6 preview imageStanwick,Understanding Business Ethics,3eInstructor Resource16. ______________ is based on the principle of utility where each person’s actionsaddto theoverall utility of the community impacted by his or her actions.a. Utilitarianismb. Sidgwick’sdualismc. Ethicalegoismd. Kant’sethicsAns:aLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC17. Supporters of _______________ state that this theory is the only one that captures theessence of benevolent behavior.a. Utilitarianismb. Sidgwick’sdualismc. Ethicalegoismd. Kant’sethicsAns:aLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC18. ______________ attempted to resolve the fundamental difference of whether the actions forone’s self-benefit impact just the individual or others.a. Utilitarianismb. Sidgwick’sdualismc. Ethicalegoismd. Kant’sethicsAns:b.Learning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC19. Sidgwick’sdualism argues that _______________ is necessary in an individual’s actions.a.Utilitarianismb.Rational benevolencec.Ethical egoismd. Kent’s ethicsAns:bLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:TeleologicalFrameworksQuestion Type: MC
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Understanding Business Ethics Third Edition Test Bank - Page 7 preview imageStanwick,Understanding Business Ethics,3eInstructor Resource20. Which of the following ethical frameworks focuses on the duty or obligation in determiningwhether the actions are wrong or right?a.Teleologicalb. Sidgwick’s dualismc.Deontologicald.Ethical egoismAns:cLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Deontological FrameworksQuestion Type: MC21. All of the following aredeontologicalframeworksexcepta. Ethicalegoismb. Existentialismc. Contractarianismd. Kant’s EthicsAns:aLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Deontological FrameworksQuestion Type: MC22. ___________ is based on the belief that all individuals agree to social contracts to be amember within a society.a. Intuitionismb. Existentialismc. Contractarianismd. Kant’s EthicsAns:cLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Deontological FrameworksQuestion Type: MC23. ___________ is based on the underlying belief that the only person who can determine rightand wrong is based on the free will of the person making the decision.a. Intuitionismb. Existentialismc. Contractarianismd. Kant’s EthicsAns:bLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Deontological Frameworks
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Understanding Business Ethics Third Edition Test Bank - Page 8 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceQuestion Type: MC24. Which of the following is not one of Ross’sseven guiding principles?a.Gratitudeb.Justicec.Self-Improvementd.GreedAns:dLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location:Seven Guiding Principles toSupportEthicalActionsQuestion Type: MC25. ___________can bedefined as thetraitof anindividual whohas obsessive and compulsivecontinuousthoughtsof sexual desire.a.Prideb.Envyc.Lustd.SlothAns:cLearning Objective:1.3Cognitive Domain: ComprehensionAnswer Location:TheSevenDeadlySinsQuestion Type: MC26.What did Dante call love of justice perverted to revenge and spite?a.Wrathb. Envyc.Prided.GreedAns:aLearning Objective:1.3Cognitive Domain: ComprehensionAnswer Location:TheSevenDeadlySinsQuestion Type: MC27.What allows animal instincts to control the appetite of anindividual?a.Lustb.Gluttonyc.Greedd.PrideAns:bLearning Objective: 1.3Cognitive Domain: ComprehensionAnswer Location: TheSevenDeadlySinsQuestion Type: MC
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Understanding Business Ethics Third Edition Test Bank - Page 9 preview imageStanwick,Understanding Business Ethics,3eInstructor Resource28.The trolley problem is an example ofa Sidgwick’s dualismb Kant’s ethicscAn ethical dilemmadEthical egotismAns:cLearning Objective: 1.3Cognitive Domain: ComprehensionAnswer Location: The Trolley problemQuestion Type: MC29. Traditional examples of violations of the _____________ principle include theft,misappropriation of funds, and wasting resources.a.Reliabilityb.Dignityc.Propertyd.TransparencyAns:cLearning Objective:1.4Cognitive Domain:ComprehensionAnswer Location:Global Business Standards CodexQuestion Type: MC30. The ____________ principle is based on the belief that it is the employee’s responsibility tohonor the commitments he or she has made to the firm.a.Reliabilityb.Responsivenessc.Self-respectd.TransparencyAns:aLearning Objective: 1.4Cognitive Domain: ComprehensionAnswer Location: Global Business Standards CodexQuestion Type: MC31. The _____________principleis the belief that employees have a responsibility to supplyinformation when it is requested by various stakeholders.a.Reliabilityb.Responsivenessc.Self-respectd.TransparencyAns:bLearning Objective: 1.4Cognitive Domain: Comprehension
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Understanding Business Ethics Third Edition Test Bank - Page 10 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceAnswer Location: Global Business Standards CodexQuestion Type: MC32.Which of the following is not an example of fairness?a.Distributivefairnessb.Reciprocalfairnessc.Proceduralfairnessd.FiduciaryfairnessAns:dLearning Objective: 1.4Cognitive Domain: ComprehensionAnswer Location: Global Business Standards CodexQuestion Type: MC33.The______________principle isbased on the assumption that there are no actual orpotential conflicts of interest between the employee and the firm.a.Propertyb.Dignityc.Citizenshipd.FiduciaryAns:dLearning Objective: 1.4Cognitive Domain: ComprehensionAnswer Location:Global Business Standards CodexQuestion Type: MC34.The_____________principle isbased on the assumption thateveryemployeeshould act asa responsible citizen in the community.a.Reliabilityb.Dignityc.Citizenshipd.FiduciaryAns:cLearning Objective: 1.4Cognitive Domain: ComprehensionAnswer Location:Global Business Standards CodexQuestion Type: MCTrue/False35. The valuesthatan individual uses to interpret whether any particular action or behavior isconsidered legal or illegalarecalledethics.a. Trueb. FalseAns:bLearning Objective: 1.1
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Understanding Business Ethics Third Edition Test Bank - Page 11 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceCognitiveDomain: KnowledgeAnswer Location: WhyIsStudyingEthicsImportant?Question Type: TF36. The collective values of a business organization that can be used to evaluate whether thebehaviors of the organization’s collective members are considered acceptable and appropriatearecalledbusiness ethics.a. Trueb. FalseAns:aLearning Objective: 1.1Cognitive Domain: KnowledgeAnswer Location: WhyIsStudyingEthicsImportant?Question Type: TF37. Within the analytical ethics context, there is no interpretation of the facts or assumptionsconcerning why certain courses of action took place.a. Trueb. FalseAns:bLearning Objective: 1.2Cognitive Domain: ComprehensionAnswer Location: Types ofEthicalExaminationQuestion Type: TF38. From a legal standpoint, analytical ethics would address the “motive” behind the actionsinstead of just being satisfied with a description of the actions.a. Trueb. FalseAns:aLearning Objective: 1.2Cognitive Domain: KnowledgeAnswer Location: Types ofEthicalExaminationQuestion Type: TF39. The supporters of the ethical egoism theory would argue that businesses should focus solelyon their own self-interests and maximize their level of profitability by developing a strongcompetitive advantage.a. Trueb. FalseAns:aLearning Objective: 1.2Cognitive Domain: KnowledgeAnswer Location: Teleological FrameworksQuestion Type: TF
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Understanding Business Ethics Third Edition Test Bank - Page 12 preview imageStanwick,Understanding Business Ethics,3eInstructor Resource40. As opposed to deontological frameworks, which focus on whether the results are favorable ornot, teleological frameworks focus on the duty or obligation in determining whether the actionsare right or wrong.a. Trueb. FalseAns:bLearning Objective: 1.2CognitiveDomain: KnowledgeAnswer Location:Deontological FrameworksQuestion Type: TF41. Contractarianism is based on the underlying belief that the only person who can determineright or wrong is based on the free will of the person making the decision.a. Trueb. FalseAns:bLearning Objective: 1.2Cognitive Domain: knowledgeAnswer Location: Deontological FrameworksQuestion Type: TF42.Existentialism is based on the belief that all individuals agree to social contracts to be amember within a society.a. Trueb. FalseAns:bLearning Objective: 1.2CognitiveDomain: KnowledgeAnswer Location: Deontological FrameworksQuestion Type: TF43. Kant’s ethical view is considered a dualism because it attempts to bridge the gap between theexistentialist and contractarian points of view.a. Trueb. FalseAns: aLearning Objective: 1.2Cognitive Domain: KnowledgeAnswer Location: Deontological FrameworksQuestion Type: TF44. Ethical egoism is represented in self-improvement, and utilitarianism is represented inbeneficence and noninjury.a. Trueb. FalseAns:a
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Understanding Business Ethics Third Edition Test Bank - Page 13 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceLearning Objective: 1.2Cognitive Domain: KnowledgeAnswer Location:Seven Guiding Principles to Support Ethical ActionsQuestion Type: TF45. Existentialism is represented in fidelity and self-improvement,and contractarianismisrepresented in fidelity and justice.a. Trueb. FalseAns: ALearning Objective: 1.2Cognitive Domain: KnowledgeAnswer Location:Seven Guiding Principles to Support Ethical ActionsQuestion Type: TF46.The traditional components of fiduciary duty include ensuring that there are no actual orpotential conflicts of interest given the actions of the employee.a. Trueb. FalseAns:aLearning Objective: 1.4Cognitive Domain: knowledgeAnswer Location:Global Business Standards CodexQuestion Type: TF47.The transparency principle is based on the belief that every employee should conductbusiness in a truthful and open manner.a. Trueb. FalseAns:aLearning Objective: 1.4Cognitive Domain: KnowledgeAnswer Location:Global Business Standards CodexQuestion Type: TF48. The property principle involves making affirmative efforts for those individuals who needhelp in their personal pursuits, and it also helps protect those individuals who are vulnerable tounethical actions.a. Trueb. FalseAns:bLearning Objective: 1.4Cognitive Domain: KnowledgeAnswer Location:Global Business Standards CodexQuestion Type: TF
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Understanding Business Ethics Third Edition Test Bank - Page 14 preview imageStanwick,Understanding Business Ethics,3eInstructor Resource49. The fiduciary principle is based on the belief that stakeholders who have a vested interest inthe firm should be treated fairly.a. Trueb. FalseAns:bLearning Objective: 1.4CognitiveDomain: KnowledgeAnswer Location:Global Business Standards CodexQuestion Type: TFEssay50. In a short essay, list and discuss the three teleological frameworks.a.Ethicalegoism—based on the belief that every individual should act in a way to promotehimselfor herself if the net result will generate, on balance, positive rather than negativeresults.b.Utilitarianism—can be based on single acts of individuals (act utilitarianism) or on guidingbehavior indirectly through an evaluation of ethical conduct via rules procedures (ruleutilitarianism).c.Sidgwick’sdualism—attempted to bridge the gap between the two competing frameworks ofethical egoism and utilitarianism. At the core of the argument is that both previous theorieshad elements of using cost-benefit analysis to help analyze the actions of individuals.Sidgwick’s dualism attempted to resolve the fundamental difference of whether the actionsfor one’s self-benefit impact just the individual or others.Answer Location: Teological FrameworksQuestion Type: ESS51. In a short essay, list and discuss the three deontological frameworks.a.Existentialism—based on the underlying belief that the only person who can determine rightand wrong is based on the free will of the person making the decisions.b.Contractarianism—also called social contract theory, is based on the belief that all individualsagree to social contracts to be a member within a society.c.Kant’sethics—Kant argues that the free will to make decisions that were considered rationalneeded to be converted into a universal will. Kant’s ethical view is considered a dualismbecause it attempts to bridge the gap between the existentialist and contractarian points ofview.Answer Location: Deontological FrameworksQuestion Type: ESS52. In a short essay, list and discuss five of the seven guiding principles that W.D. Rosspresented as the basis of how individuals develop a level of intuition that becomes incorporatedin their decision-making process.a.Fidelity—an individual needs to keep explicit and implicit promisesb.Reparation—an individual must act on repairing the consequences for previous wrongful actsc.Gratitude—an individual must be able to show gratitude for the kindnesses that others havegivenhim or her
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Understanding Business Ethics Third Edition Test Bank - Page 15 preview imageStanwick,Understanding Business Ethics,3eInstructor Resourced.Justice—an individual should try to see that any goods are fairly distributede.Beneficence—an individual should focus on trying to improve the lives of othersf.Self-improvement—an individual should improvehimself or herselfby focusing on virtue andintelligenceg.Noninjury—an individual should not cause any harm to othersAnswer Location:Seven Guiding Principles to Support Ethical ActionsQuestion Type: ESS53. In a short essay, list and discuss five of the seven deadly sins described as oneofthefounding areas of guidance for those unsure about their ethical standing.a.Lust—defined as the trait of an individual who has obsessive and compulsive continuousthoughts of sexual desireb.Gluttony—defined as when an individual over indulges and over consumes anything good tothe point that the good is wasted when it is consumedc.Greed—defined as an excessive desire by the individual to obtain wealth, status,and powerd.Sloth—can be defined as being lazy and indifferent aboutone’sown actionse.Wrath—defined as an uncontrollable level of anger or ragef.Envy—relates to focusing on one’s own self-interests in the desire to obtain qualities orpossessions of another persong.Pride—relates to being considered above or “superior” to another personAnswer Location: The Seven Deadly SinsQuestion Type: ESS54. In a short essay, list and describe five ofthe eight major underlying principles in whichethical behavior can be interpreted and evaluated.a.Fiduciaryprinciple—the traditional components of fiduciary duty include ensuring that thereare no actual or potential conflicts of interest given the actions of the employee. It also isimplied that each employee will not put his or her self-interests above the interest of the firmb.Propertyprinciple—based on the belief that every employee should respect property as well asthe rights of the owners of the propertyc.Reliabilityprinciple—based on the belief that it is the employee’s responsibility to honorcommitments he or she has made to the firmd.Transparencyprinciple—based on the belief that every employee should conduct business in atruthful and open mannere.Dignityprinciple—based on the belief that each employee needs to respect the dignity of allindividualsf.Fairnessprinciple—based on the belief that stakeholders who have a vested interest in the firmshould be treated fairlyg.Citizenshipprinciple—based on the belief that every employee should act as a responsiblecitizen in the communityh.Responsivenessprinciple—based on the belief that employees have a responsibility to respondto requests for information about the operations from the various stakeholdersAnswer Location: Global Business Standards CodexQuestion Type: ESS
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Understanding Business Ethics Third Edition Test Bank - Page 16 preview imageStanwick,Understanding Business Ethics,3eInstructor ResourceChapter 2:The Evolving Complexities of Business EthicsTest BankMultiple Choice1. The tax shelter established by Promogroup is based on _____________ of royalties that gointo and leave the Netherlands.a.The simple flowb.The net present valuec.Discounted cash flowd.Internal rate of returnAns:aLearning Objective: 2.1Cognitive Domain: KnowledgeAnswer Location:Bono: I Still Haven’t Found the Tax Rate That I’m Looking ForQuestion Type: MC2.The Dutch tax shelters are viable only to artists who are _______________.a. U.S. citizensb.Only Dutch citizensc.Not U.S. citizensd.Only German citizensAns:cLearning Objective: 2.1Cognitive Domain:KnowledgeAnswer Location:Bono: I Still Haven’t Found the Tax Rate That I’m Looking ForQuestion Type: MC3._____________ is derived from the Greek word for character.a. Honorb. Reciprocityc. Ethosd. NormAns:cLearning Objective: 2.2Cognitive Domain:ComprehensionAnswer Location:History of Business EthicsQuestion Type: MC4. The discovery of ethics began with discussions initiated by all of the following individualsexcepta. Socratesb. Aristotlec. Platod. Napoleon
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Understanding Business Ethics Third Edition Test Bank - Exam Guides | Business Law