AGB 302 Quiz 1 Questions with 100- Correct Answers 2025 Update.

AGB 302 Quiz 1 Questions with 100% Correct
Answers 2025 Update



Which of the following statements about values and norms of a culture is true? - Correct Answer -
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Which of the following statements is true about a class system? - Correct Answer - A class system is a
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closed form of stratification.
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Ethical systems are: - Correct Answer - a set of moral principles, or values, that are used to guide and
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shape behavior.
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A firm's ________ include customers, suppliers, and lenders. - Correct Answer - external stakeholders
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The _________ approaches to ethics hold that the moral worth of actions or practices is determined by
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their consequences. - Correct Answer - utilitarian
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The _________ occurs when a resource is shared by all, but owned by no one, is overused by
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individuals, resulting in its degradation. - Correct Answer - tragedy of the commons
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A situation in which none of the available alternatives seems morally acceptable is called: - Correct
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Answer - an ethical dilemma.
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Which of the following refers to the values and norms that the employees of an organization share? -
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Correct Answer - Organization culture
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According to the Friedman doctrine: - Correct Answer - businesses should not undertake social
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expenditures beyond those mandated by the law and required for the efficient running of a business.
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The righteous moralist suggests that: - Correct Answer - a multinational's home-country standards of
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ethics are the appropriate ones for companies to follow in foreign countries.
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