Business Ethics Final Exam Study Guide 2027 –
Questions & Answers Exam
Save
Terms in this set (57)
Which two concepts are best illusion of optimism and escalation of commitment.
illustrated by the following passage
from a January 29, 2008, report in The
New York Times about Societe
Generale trader Jerome Kerviel,
whose trading misconduct eventually
led the bank to lose more than $7
billion? "Over time, Mr. Kerviel had
increased the size of his bets - he
hedged his positions on paper with
falsified documents and e-mail
messages - but he remained
convinced that success was just
around the corner. 'He bet on the
return of the markets that were
extremely low and he imagined that
there would be a return of the
markets just as large as the losses,' [a
French prosecutor] said. 'There is an
addiction. There is a dependency on
this complicated game of betting on
the markets, and there is a sort of
spiral into which it's difficult to exit.'"
,According to a May 14, 2008 on-line The Foreign Corrupt Practices Act
legal newsletter, the former
president of American multinational
corporation Pacific Consolidated
Industries Martin Self was awaiting
sentencing for committing a crime.
He admitted that "he approved a
marketing contract for the relative of
an employee with the United
Kingdom [Great Britain] Ministry of
Defence, which resulted in more than
$70,000 in payments. But the relative
did no work. Instead, the money was
meant to [get] contracts for Pacific."
What federal law did Mr. Self violate?
In a recent New York Times Individualist versus Collectivist.
Magazine article entitled "The Moral
Instinct," the author contrasts two
kinds of ethical cultures: "In the West,
we believe that in business . . .,
fairness should trump community
and nepotism [favoritism toward
relatives] and cronyism [favoritism
toward friends and close associates].
In other parts of the world, this is
incomprehensible - what heartless
creep would favor a perfect stranger
over his or her own brother?" This
passage best describes the
difference between which two kinds
of ethical cultures?
,Joan Marshall, secretary to Vandelay The Pygmalion effect.
Vice President Suzanne Williams,
woke up with a mild cold and called
in sick on Thursday. The following
morning she felt much better. Joan
remembered, however, overhearing
a conversation between Ms. Williams
and another Vice President, Jack
Straw, in which Ms. Williams
complained that secretaries who call
in sick on Thursday almost always call
in sick on Friday, even if they are
perfectly well, to enjoy a four-day
weekend. Joan decided to call-in sick
Friday as well and take a three-day
trip to Vegas. By calling in sick on
Friday after remembering what she
had overheard Suzanne, Joan
illustrated what concept?
Jack and Suzy Welch believe that Made widely known to other employees so that
information that an employee has they may learn that the company will not tolerate
been fired for ethical violations ethical lapses
should be:
Under Nozick's theory of rights, the Government.
proper role of this stakeholder (or
these stakeholders) in the ethical
decision-making process is limited to
that of "night watchman."
, In response to a recent Wall Street The CEO of Birkenstock in rejecting the advice of
Journal article entitled "Corporate business student consultants and continuing to
Reputation: Does Being Ethical Pay?", direct his corporation's charitable contributions to
a reader wrote in a letter to the a charity addressing pediatric AIDS.
editor that, in his view, "ethics isn't
about being rewarded. It is about
actions taken when rules (or gains)
don't apply. . . . [A] company
shouldn't 'do the right thing' because
it pays to do so, but rather because it
is the right thing to do." The letter
writer's view most closely matches
the view of:
Questions & Answers Exam
Save
Terms in this set (57)
Which two concepts are best illusion of optimism and escalation of commitment.
illustrated by the following passage
from a January 29, 2008, report in The
New York Times about Societe
Generale trader Jerome Kerviel,
whose trading misconduct eventually
led the bank to lose more than $7
billion? "Over time, Mr. Kerviel had
increased the size of his bets - he
hedged his positions on paper with
falsified documents and e-mail
messages - but he remained
convinced that success was just
around the corner. 'He bet on the
return of the markets that were
extremely low and he imagined that
there would be a return of the
markets just as large as the losses,' [a
French prosecutor] said. 'There is an
addiction. There is a dependency on
this complicated game of betting on
the markets, and there is a sort of
spiral into which it's difficult to exit.'"
,According to a May 14, 2008 on-line The Foreign Corrupt Practices Act
legal newsletter, the former
president of American multinational
corporation Pacific Consolidated
Industries Martin Self was awaiting
sentencing for committing a crime.
He admitted that "he approved a
marketing contract for the relative of
an employee with the United
Kingdom [Great Britain] Ministry of
Defence, which resulted in more than
$70,000 in payments. But the relative
did no work. Instead, the money was
meant to [get] contracts for Pacific."
What federal law did Mr. Self violate?
In a recent New York Times Individualist versus Collectivist.
Magazine article entitled "The Moral
Instinct," the author contrasts two
kinds of ethical cultures: "In the West,
we believe that in business . . .,
fairness should trump community
and nepotism [favoritism toward
relatives] and cronyism [favoritism
toward friends and close associates].
In other parts of the world, this is
incomprehensible - what heartless
creep would favor a perfect stranger
over his or her own brother?" This
passage best describes the
difference between which two kinds
of ethical cultures?
,Joan Marshall, secretary to Vandelay The Pygmalion effect.
Vice President Suzanne Williams,
woke up with a mild cold and called
in sick on Thursday. The following
morning she felt much better. Joan
remembered, however, overhearing
a conversation between Ms. Williams
and another Vice President, Jack
Straw, in which Ms. Williams
complained that secretaries who call
in sick on Thursday almost always call
in sick on Friday, even if they are
perfectly well, to enjoy a four-day
weekend. Joan decided to call-in sick
Friday as well and take a three-day
trip to Vegas. By calling in sick on
Friday after remembering what she
had overheard Suzanne, Joan
illustrated what concept?
Jack and Suzy Welch believe that Made widely known to other employees so that
information that an employee has they may learn that the company will not tolerate
been fired for ethical violations ethical lapses
should be:
Under Nozick's theory of rights, the Government.
proper role of this stakeholder (or
these stakeholders) in the ethical
decision-making process is limited to
that of "night watchman."
, In response to a recent Wall Street The CEO of Birkenstock in rejecting the advice of
Journal article entitled "Corporate business student consultants and continuing to
Reputation: Does Being Ethical Pay?", direct his corporation's charitable contributions to
a reader wrote in a letter to the a charity addressing pediatric AIDS.
editor that, in his view, "ethics isn't
about being rewarded. It is about
actions taken when rules (or gains)
don't apply. . . . [A] company
shouldn't 'do the right thing' because
it pays to do so, but rather because it
is the right thing to do." The letter
writer's view most closely matches
the view of:
