MBA 5300 Ethics & CSR Final UPDATED
Exam Questions and CORRECT Answers
Difference between Law and Ethics - CORRECT ANSWER- ✔✔Ethics is expected behavior,
law must be obeyed
Law - CORRECT ANSWER- ✔✔A system of principles and rules of human conduct
"Rules of the game"
Ethics - CORRECT ANSWER- ✔✔Externally imposed guidelines for behavior that is
considered right or wrong. Includes an individual's, organization's, or profession's code of
ethics.
Examples of behavior that may be legal but that people may consider unethical - CORRECT
ANSWER- ✔✔- Lying to your spouse or boss
- Cheating on your spouse
Examples of why going beyond legal compliance towards ethical compliance may produce
value for an organization - CORRECT ANSWER- ✔✔Your customers appreciate it so you
will sell more product
Moral Absolutism - CORRECT ANSWER- ✔✔Belief in absolute standards or right and
wrong behavior, regardless of context
Moral Pluralism - CORRECT ANSWER- ✔✔Belief in tolerance of others moral principles,
without concluding that all views are equally valid
Moral Relativism - CORRECT ANSWER- ✔✔Belief that there are no absolute moral values,
therefore, we must accept each other's differing values
Immoral Acts - CORRECT ANSWER- ✔✔morally wrong, or outside society's standards of
acceptable, honest, and moral behavior
, Amoral Perspective - CORRECT ANSWER- ✔✔Having or showing no concern about
whether behavior is morally right or wrong (i.e. an infant, unlearned in what is right or
wrong)
Norm - CORRECT ANSWER- ✔✔Shared standards of behavior for individuals, groups or an
organization
Difference between a norm and a habit - CORRECT ANSWER- ✔✔a habit is a personal
action that is done regularly with some sense of compulsion, and a norm is a societal standard
that governs our behavior choices
Values - CORRECT ANSWER- ✔✔Broad guides to action based on deeply held convictions
about good and bad. Values stem from beliefs
Beliefs - CORRECT ANSWER- ✔✔Ideas about the world that we believe to be true
(Empirically verifiable and Non-Empirically verifiable)
Empirically Verifiable Belief - CORRECT ANSWER- ✔✔Can be seen using the 5 senses
Non-Empirically Verifiable Belief - CORRECT ANSWER- ✔✔Cannot be seen using the five
senses (pixies, fairies or a God)
Explain how culture becomes institutionalized in society or an organization - CORRECT
ANSWER- ✔✔Patterns of behavior are repeated in a culture that are shared and implemented
in a system. These behaviors are then repeated and are then either rewarded or punished
which leads to how culture is institutionalized
Function of the Five Key Social Institutions - CORRECT ANSWER- ✔✔Polity: to legitimate
the power structure in a society (includes law, legal system, and political structure)
Familial: to organize kinship relations
Religious: manage supernatural beliefs
Educational: transmit knowledge from one generation to the next
Exam Questions and CORRECT Answers
Difference between Law and Ethics - CORRECT ANSWER- ✔✔Ethics is expected behavior,
law must be obeyed
Law - CORRECT ANSWER- ✔✔A system of principles and rules of human conduct
"Rules of the game"
Ethics - CORRECT ANSWER- ✔✔Externally imposed guidelines for behavior that is
considered right or wrong. Includes an individual's, organization's, or profession's code of
ethics.
Examples of behavior that may be legal but that people may consider unethical - CORRECT
ANSWER- ✔✔- Lying to your spouse or boss
- Cheating on your spouse
Examples of why going beyond legal compliance towards ethical compliance may produce
value for an organization - CORRECT ANSWER- ✔✔Your customers appreciate it so you
will sell more product
Moral Absolutism - CORRECT ANSWER- ✔✔Belief in absolute standards or right and
wrong behavior, regardless of context
Moral Pluralism - CORRECT ANSWER- ✔✔Belief in tolerance of others moral principles,
without concluding that all views are equally valid
Moral Relativism - CORRECT ANSWER- ✔✔Belief that there are no absolute moral values,
therefore, we must accept each other's differing values
Immoral Acts - CORRECT ANSWER- ✔✔morally wrong, or outside society's standards of
acceptable, honest, and moral behavior
, Amoral Perspective - CORRECT ANSWER- ✔✔Having or showing no concern about
whether behavior is morally right or wrong (i.e. an infant, unlearned in what is right or
wrong)
Norm - CORRECT ANSWER- ✔✔Shared standards of behavior for individuals, groups or an
organization
Difference between a norm and a habit - CORRECT ANSWER- ✔✔a habit is a personal
action that is done regularly with some sense of compulsion, and a norm is a societal standard
that governs our behavior choices
Values - CORRECT ANSWER- ✔✔Broad guides to action based on deeply held convictions
about good and bad. Values stem from beliefs
Beliefs - CORRECT ANSWER- ✔✔Ideas about the world that we believe to be true
(Empirically verifiable and Non-Empirically verifiable)
Empirically Verifiable Belief - CORRECT ANSWER- ✔✔Can be seen using the 5 senses
Non-Empirically Verifiable Belief - CORRECT ANSWER- ✔✔Cannot be seen using the five
senses (pixies, fairies or a God)
Explain how culture becomes institutionalized in society or an organization - CORRECT
ANSWER- ✔✔Patterns of behavior are repeated in a culture that are shared and implemented
in a system. These behaviors are then repeated and are then either rewarded or punished
which leads to how culture is institutionalized
Function of the Five Key Social Institutions - CORRECT ANSWER- ✔✔Polity: to legitimate
the power structure in a society (includes law, legal system, and political structure)
Familial: to organize kinship relations
Religious: manage supernatural beliefs
Educational: transmit knowledge from one generation to the next
