Question 1 If you adopt ethical egoism as your moral code, then:

1. Question 1 If you adopt ethical egoism as your moral code, then:
2. you must always avoid any unpleasant or painful experiences
3. you must endorse hedonism
4. you can never act honestly or be gracious or helpful to others
5. you believe that it is morally right to do whatever promotes your self-interest

5 points 

Question 2

1. Corporations differ from partnerships and other forms of business association in two ways. One of these is that:
2. they are formed simply by an agreement entered into among their members
3. they must be publicly registered or in some way officially acknowledged by the law
4. their shareholders are entitled to their share of the companyâs profits as soon as they are ascertained or determined.
5. they are regulated by the Federal Trade Commission

5 points 

Question 3

1. According to Locke:
2. Individuals are morally entitled to take otherâs property.
3. Property is a moral right.
4. Individuals are not morally entitled to the products of their labor.
5. Property acquisition is a duty.

2 points 

Question 4

1. Some critics of capitalism believe that it rests on a flawed view of human beings because:
2. consumers arenât autonomous, rational, and perfectly informed economic maximizers
3. its view of human beings doesnât offer us an ideal worth aspiring to
4. both A and B
5. none of the above

2 points 

Question 5

1. According to the utilitarian theory, an action is morally right if and only if:
2. it maximizes total, net happiness
3. it brings only happiness and causes no pain
4. makes the person who does it happy
5. everyone prefers that action to any other action

2 points 

Question 6

1. According to the textbook:
2. There is no distinction between morality in a broad sense and morality in a narrow sense.
3. As long as your conduct is legal, then it will be moral.
4. Moral standards typically concern behavior that can be of serious consequence to human welfare.
5. If you follow the rules of etiquette, your conduct will be moral.

2 points 

Question 7

1. Consequentialism:
2. states that the moral rightness of an action is determined solely by its results
3. states that sometimes the consequences of our actions can be morally relevant
4. is best represented by Rossâs theory of ethics
5. differs from nonconsequentialism because nonconsequentialism denies that consequences have any moral significance

2 points 

Question 8

1. Kant believed that we should always act:
2. in such a way that we can will the maxim of our action to be a universal law
3. in a way that treats people as ends in themselves, never merely as means
4. in a way that would be universally acceptable to all rational beings
5. all of the above

2 points 

Question 9

1. According to W. D. Rossâs theory:
2. it would be wrong to lie to a murderer even to save the life of a friend
3. a prima facie obligation is absolute and can never be overridden
4. what we should do in any specific set of circumstances will always be self-evident
5. we have various moral duties that canât be reduced to a single, overarching obligation

2 points 

Question 10

1. Milton Friedman argued that:
2. corporations today should adopt a broader view of their social responsibilities than they have in the past
3. corporate officials have a social responsibility that goes beyond serving the interests of their stockholders
4. businessâs only social responsibility is to maximize profits within the rules of the game
5. strict governmental controls are necessary if society is to maximize its overall economic well-being

2 points 

Question 11

1. The profit motive:
2. must be checked by competition if society is to benefit
3. is a fundamental feature of all societies
4. is basically immoral
5. is no longer a key feature of capitalism

2 points 

Question 12

1. Some defenders of capitalism have responded to the charge that capitalism is morally unjustified because it creates so much inequality by using the following argument:
2. the benefits of the system outweigh this weak point
3. political action can modify or correct this tendency
4. itâs government interference with the market that creates inequality and poverty
5. all of the above

2 points 

Question 13

1. According to Shaw and Barryâs account of Marxism:
2. Labor is alienated in a capitalist economic system (in part) because the labor of a worker stands opposed to the worker as an autonomous power.
3. It is only within a capitalist economic system that workers are not alienated from the products of their labor.
4. Within a capitalist economic system, the activity of labor is an end in itself and, as a result, has intrinsic value.
5. Only workers who are poorly paid for their labor are alienated.

5 points 

Question 14

1. To be successful any test used by a corporation must be:
2. one that can be used by any organization for any position
3. sound
4. created outside the corporation using the test
5. valid

5 points 

Question 15

1. According to Chapter 8:
2. a sympathetic strike occurs when workers who have no particular grievance of their own and who may or may not have the same employer decide to strike in support of others.
3. the 1947 Taft-Hartley Act forbids individual states from outlawing union shops.
4. labor historians generally consider the American Federation of Labor (AFL) the first truly national trade union.
5. a corporate campaign occurs when people refuse to patronize companies that handle products of struck companies.

5 points 

Question 16

1. The right to privacy of employees:
2. has to be given up in an era of global competition
3. is clearly and unambiguously spelled out by the law
4. takes priority over other moral considerations
5. may conflict with an organizationâs legitimate interests

5 points 

Question 17

1. When it comes to obtaining information about employees, a key concept discussed in the testbook is:
2. informed consent
3. positive externalities
4. paternalism
5. economic efficiency

5 points 

Question 18

1. The Wagner Act of 1935:
2. guaranteed the right to work and outlawed union shops
3. guaranteed employers the right of refusing to bargain with union representatives
4. prohibited firing workers because of union membership or union activities
5. established the Food and Drug Administration

5 points 

Question 19

1. According to the textbook:
2. in validating job specifications, firms are permitted to rely on the preferences of their customers as a reason for discriminatory employment practices.
3. a job specification lists all pertinent details about a job, including its duties, responsibilities, working conditions, and physical requirements.
4. according to common law, unless there is an explicit contractual provision to the contrary, every employment is employment "at will."
5. a job description describes the qualifications an employee needs, such as skills, educational experience, appearance, and physical attributes.

5 points 

Question 20

1. According to the text,
2. corporations must be âpublicly heldâ and thus traded on the stock market
3. corporate shareholders have limited liability for their debts
4. corporations are always for-profit
5. corporate shareholders are immediately entitled to any profits

5 points 

Question 21

1. In First National Bank of Boston v. Bellotti, the U.S. Supreme Court:
2. said that banking procedures are to be regulated by the Securities and Exchange Commission
3. defined the free-speech rights of corporations for the first time
4. said that states should be permitted to distinguish between the rights of individuals and the rights of corporations
5. prohibited business corporations from spending corporate funds to publicize political views that do not materially affect their business

5 points 

Question 22

1. Justice and injustice involves appeals to the related notions of:
2. reason, reflection, deliberation
3. fairness and equality
4. feeling, sentiment, happiness
5. fairness, impartiality, duty

5 points 

Question 23

1. Personality tests:
2. sometimes screen out potentially creative or individualistic employees
3. presuppose that all employees can be validly placed in a small number of categories
4. can help determine job applicantsâ areas of adequacy and inadequacy
5. all of the above

5 points 

Question 24

1. Businesses cite several reasons for using polygraphs to detect lying. Which of the following is one of those reasons?
2. the polygraph allows companies to increase the number of audits.
3. polygraph tests cannot be beaten.
4. the polygraph is a fast and economical way to verify the information provided by a job applicant.
5. the polygraph can reveal with certainty that a person is or is not telling the truth.

5 points 

Question 25

1. Douglas McGregor rejects Theory X, which holds that:
2. when explained properly, everyone will favor drug-testing programs.
3. workers basically like work and view it as something natural and potentially enjoyable.
4. workers essentially dislike work and will do everything they can to avoid it.
5. Sexual harassment is a form of discrimination.

5 points 

Question 26

1. Groupthink occurs when members of a group strive to achieve unanimity and ignore the motivation to
2. Look elsewhere for job opportunities
3. Appraise an alternative course of action
4. Maximize profits
5. Minimize conflict in the workplace

5 points 

Question 27

1. A corporate culture can be defined as
2. a set of rules that all employees agree to obey.
3. a set of values, beliefs, goals, norms, and ways to solve problems that members (employees) of an organization share
4. the interpersonal relationships in the organization.
5. the whole corporate working environment

5 points 

Question 28

1. The _____ was(were) enacted to restore confidence in financial reporting and business ethics after the accounting scandals of the early 2000s.
2. Federal Sentencing Guidelines for Organizations
3. Defense Industry Initiative on Business Ethics and Conduct
4. Foreign Corrupt Practices Act
5. Sarbanes-Oxley Act