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  • The Correct Answer For Each Question Is Indicated by A

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    Orda Orda
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    This document provides 10 multiple choice questions with the correct answer indicated for each. The questions cover topics related to business ethics including stakeholder analysis, consequences of shareholder actions, definitions of business ethics, types of unethical behavior, differences between utilitarianism and rights theories, factors that promote organizational ethical behavior, questions to determine if a decision is ethical, the purpose of strong corporate governance procedures, and the relationship between socially responsible behavior and financial performance.

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    The Correct Answer for Each Question is Indicated by A

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    This document provides 10 multiple choice questions with the correct answer indicated for each. The questions cover topics related to business ethics including stakeholder analysis, consequences of shareholder actions, definitions of business ethics, types of unethical behavior, differences between utilitarianism and rights theories, factors that promote organizational ethical behavior, questions to determine if a decision is ethical, the purpose of strong corporate governance procedures, and the relationship between socially responsible behavior and financial performance.

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    © All Rights Reserved
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    59 views4 pages

    The Correct Answer For Each Question Is Indicated by A

    Uploaded by

    Orda Orda
    This document provides 10 multiple choice questions with the correct answer indicated for each. The questions cover topics related to business ethics including stakeholder analysis, consequences of shareholder actions, definitions of business ethics, types of unethical behavior, differences between utilitarianism and rights theories, factors that promote organizational ethical behavior, questions to determine if a decision is ethical, the purpose of strong corporate governance procedures, and the relationship between socially responsible behavior and financial performance.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 4

    The correct answer for each question is indicated by a .

    1T
    The quest to maximize profitability should be constrained by:

    unethical obligations.
    A)

    lack of social responsibility.


    B)

    stakeholders.
    C)

    ethical obligations.
    D)

    2
    INCORREC The process by which companies identify the most important stakeholders
    T is called:

    stakeholder importance evaluation.


    A)

    stakeholder impact analysis.


    B)

    shareholder impact evaluation.


    C)

    shareholder analysis.
    D)

    3
    INCORREC If shareholders sell off their shares because they are not pleased with
    T management decisions, which of the following is the most likely result?

    Nothing adverse will happen.


    A)

    Key employees will certainly leave.


    B)

    Revenues will fall.


    C)
    The cost of capital will rise.
    D)

    4 CORRECT
    Accepted principles of right or wrong governing the conduct of
    businesspeople are called:

    business values.
    A)

    business ethics.
    B)

    business principles.
    C)

    business conduct.
    D)

    5
    INCORREC __________ behavior tends to arise when mangers decide to put the
    T attainment of their own personal goals, or the goals of the organization,
    above the fundamental rights of one or more stakeholder groups.

    Unethical
    A)

    Confusing
    B)

    Complementary
    C)

    Situational
    D)

    6
    INCORREC The main difference between utilitarianism and rights theories is:
    T
    utilitarianism establishes a minimum level of morally acceptable

    A) behavior, whereas rights theories emphasize the greatest good for the
    greatest number.
    utilitarianism focuses on attaining a fair and equitable distribution of

    B) economic goods and services, whereas rights theories emphasize the


    greatest good for the greatest number.
    utilitarianism holds that the moral worth of actions or practices is

    C) determined by their consequences, whereas rights theories recognize


    that human beings have fundamental rights and privileges.
    utilitarianism holds that the moral worth of actions or practices is

    D) determined by their consequences, whereas rights theories focus on


    attaining a fair and equitable distribution of economic goods and
    services.

    7
    INCORREC Which of the following actions will likely lead to organizational ethical
    T behavior?

    promoting moral courage


    A)

    establishing an ethics office


    B)

    developing strong governance processes


    C)

    all of the above


    D)

    8
    INCORREC Which of the following is one of the questions that can be used to
    T determine whether a decision is ethical?
    Does my decision fall within the accepted values or standards that
    A) typically apply in the organizational environment?
    Would the people with whom I have a significant personal
    B) relationship approve of the decision?
    Am I willing to see the decision communicated to all stakeholders
    C) affected by it?
    All of the above are questions that can be used to determine whether a
    D) decision is ethical.

    9
    INCORREC Strong corporate governance procedures are needed to ensure that:
    T

    stock prices remain high.


    A)

    managers carry out business unit plans.


    B)

    managers adhere to ethical norms.


    C)

    all of the above occur.


    D)

    10
    INCORREC Socially responsible behavior:
    T

    never leads to improved financial performance.


    A)

    has adverse impact on stakeholders.


    B)

    is in a firm's self-interest.
    C)

    results in ill-will from the community.


    D)

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