Straighterline Business Ethics Final
Exam Review Questions and Answers
Identify the bill that was passed in April 2009 to amend the executive compensation
provisions of the Emergency Economic Stabilization Act of 2008... - Answer-The
Grayson-Himes Pay for Performance Act
Which of the following statements is true about ethical decision making in business? -
Answer-Ethical decision making should rely on the personal values and principles of the
individuals involved
The crux of normative ethics is that these disciplines - Answer-presuppose some
underlying values
Which of the following is a true statement about norms - Answer-They are standards of
appropriate and proper behavior
Ethics refers to the applications of _____ on which people's decisions are based -
Answer-morals
Which of the following observations is true? - Answer-The law cannot anticipate every
new dilemma that businesses might face
_____ reasoning is reasoning about what we should believe - Answer-theoretical
Which of the following can be thought of as the answer to the fundamental questions of
theoretical reason? - Answer-The scientific method
_____ refers to shortsightedness about values - Answer-Normative myopia
Identify the true statement about normative myopia - Answer-It refers to the
shortsightedness about values
Identify the social role from the following - Answer-citizen, brother, mother etc.
When making a decision, selecting the alternative that meets the minimum decision
criteria is selected is known as _____. - Answer-satisficing
Identify the institutional role from the following - Answer-teacher, librarian, etc.
What is the difference between a principle-based framework of ethics and utilitarianism?
- Answer-Ethics of principles is based on rules, whereas utilitarianism is based on
consequences.
, Utilitarianism has been called a - Answer-consequentialist approach to ethics
Identify the statement that most accurately describes the difference between the market
and the administrative versions of utilitarianism - Answer-The administrative version of
utilitarianism turns to policy experts for the design and implementation of policies.
The concept of human rights is central to which of the following ethical traditions? -
Answer-Principle-based ethical tradition
Which of the following is a reason why a rights-based framework of ethics would object
to child labor? - Answer-Such practices violate our duty to treat children with respect
An ethics of _____ shifts the focus from questions about what a person should do, to a
focus on who that person is. - Answer-virtue
_____ understandings of social justice argue that freedom from coercion by others is
the most central element of social justice - Answer-Libertarian
Identify a true statement about corporate cultures - Answer-Corporate cultures
influence, limit, and shape the decision making within a firm
Unlike the goals of a more evolved and inclusive ethics program, the goals of a
traditional compliance-oriented program include - Answer-minimizing the risks of
litigation and indictment
Identify a true statement about a compliance-based culture - Answer-A compliance-
based culture is only as strong and as precise as the rules which workers are expected
to follow
Which of the following is an essential element in establishing an ethical leadership? -
Answer-The end or objective toward which the leader leads
The means used to motivate others and achieve one's goals plays a key role in
distinguishing between - Answer-effective leaders and ethical leaders
Identify an effective way of creating clear and successful reporting schemes - Answer-
Reinforcing the organization's values through its compensation and reward structure
The first step in constructing a personal code or mission for a firm is to - Answer-ask
oneself what one stands for or what the firm stands for
The final step in the development of corporate codes of conduct or mission statements
is to - Answer-believe that the culture is actually possible and achievable
Exam Review Questions and Answers
Identify the bill that was passed in April 2009 to amend the executive compensation
provisions of the Emergency Economic Stabilization Act of 2008... - Answer-The
Grayson-Himes Pay for Performance Act
Which of the following statements is true about ethical decision making in business? -
Answer-Ethical decision making should rely on the personal values and principles of the
individuals involved
The crux of normative ethics is that these disciplines - Answer-presuppose some
underlying values
Which of the following is a true statement about norms - Answer-They are standards of
appropriate and proper behavior
Ethics refers to the applications of _____ on which people's decisions are based -
Answer-morals
Which of the following observations is true? - Answer-The law cannot anticipate every
new dilemma that businesses might face
_____ reasoning is reasoning about what we should believe - Answer-theoretical
Which of the following can be thought of as the answer to the fundamental questions of
theoretical reason? - Answer-The scientific method
_____ refers to shortsightedness about values - Answer-Normative myopia
Identify the true statement about normative myopia - Answer-It refers to the
shortsightedness about values
Identify the social role from the following - Answer-citizen, brother, mother etc.
When making a decision, selecting the alternative that meets the minimum decision
criteria is selected is known as _____. - Answer-satisficing
Identify the institutional role from the following - Answer-teacher, librarian, etc.
What is the difference between a principle-based framework of ethics and utilitarianism?
- Answer-Ethics of principles is based on rules, whereas utilitarianism is based on
consequences.
, Utilitarianism has been called a - Answer-consequentialist approach to ethics
Identify the statement that most accurately describes the difference between the market
and the administrative versions of utilitarianism - Answer-The administrative version of
utilitarianism turns to policy experts for the design and implementation of policies.
The concept of human rights is central to which of the following ethical traditions? -
Answer-Principle-based ethical tradition
Which of the following is a reason why a rights-based framework of ethics would object
to child labor? - Answer-Such practices violate our duty to treat children with respect
An ethics of _____ shifts the focus from questions about what a person should do, to a
focus on who that person is. - Answer-virtue
_____ understandings of social justice argue that freedom from coercion by others is
the most central element of social justice - Answer-Libertarian
Identify a true statement about corporate cultures - Answer-Corporate cultures
influence, limit, and shape the decision making within a firm
Unlike the goals of a more evolved and inclusive ethics program, the goals of a
traditional compliance-oriented program include - Answer-minimizing the risks of
litigation and indictment
Identify a true statement about a compliance-based culture - Answer-A compliance-
based culture is only as strong and as precise as the rules which workers are expected
to follow
Which of the following is an essential element in establishing an ethical leadership? -
Answer-The end or objective toward which the leader leads
The means used to motivate others and achieve one's goals plays a key role in
distinguishing between - Answer-effective leaders and ethical leaders
Identify an effective way of creating clear and successful reporting schemes - Answer-
Reinforcing the organization's values through its compensation and reward structure
The first step in constructing a personal code or mission for a firm is to - Answer-ask
oneself what one stands for or what the firm stands for
The final step in the development of corporate codes of conduct or mission statements
is to - Answer-believe that the culture is actually possible and achievable
