FSU HFT 4224 Hospitality Leadership and
Ethics Actual Exam Questions With
Reviewed 100% Correct Detailed Answers
Guaranteed Pass
1. What is the purpose of business? - ANSWER Improve our lives and
create value for stakeholders
2. Capitalism is a system of? - ANSWER Free people and free enterprise;
freedom to choose the products you buy and to start and run your own
business
3. Capitalism has deteriorated due to... - ANSWER Failure of business to
act ethically
Many businesses have acted with a low level of "consciousness"
Governments and businesses have colluded, creating "crony capitalism"
4. What is the difference between morals and ethics? - ANSWER Morals =
subjective and personal, what is fair/unfair
Ethics = more objective reasoning, what is just/unjust
5. Examples of low level of consciousness - ANSWER Not caring about how
your actions impact others becoming overly focused on profit maximization
, 6. Free enterprise capitalism is ethical because it is... - ANSWER Noble -
elevates existance
Good - Creates value
Ethical - voluntary exchange
Heroic - lifts people out of poverty
7. Why do consumers need to be educated? - ANSWER To want better
quality products, and to be willing to pay a fair price for them
8. Who coined the Categorical Imperative? - ANSWER Immanuel Kant
9. What is the categorical imperative? - ANSWER Act according to the
maxim that you would wish all other rational people to follow, as if it were a
universal law
10.Principle of Universality - ANSWER Never treat people as a means to an
end, but only as an end
11.Significance of the Year 1989 - ANSWER Fall of Berlin Wall
Creation of the World Wide Web
Changing Demographic (older)
12.What are the implications of a rise in consciousness? - ANSWER more
people are civically active
Ethics Actual Exam Questions With
Reviewed 100% Correct Detailed Answers
Guaranteed Pass
1. What is the purpose of business? - ANSWER Improve our lives and
create value for stakeholders
2. Capitalism is a system of? - ANSWER Free people and free enterprise;
freedom to choose the products you buy and to start and run your own
business
3. Capitalism has deteriorated due to... - ANSWER Failure of business to
act ethically
Many businesses have acted with a low level of "consciousness"
Governments and businesses have colluded, creating "crony capitalism"
4. What is the difference between morals and ethics? - ANSWER Morals =
subjective and personal, what is fair/unfair
Ethics = more objective reasoning, what is just/unjust
5. Examples of low level of consciousness - ANSWER Not caring about how
your actions impact others becoming overly focused on profit maximization
, 6. Free enterprise capitalism is ethical because it is... - ANSWER Noble -
elevates existance
Good - Creates value
Ethical - voluntary exchange
Heroic - lifts people out of poverty
7. Why do consumers need to be educated? - ANSWER To want better
quality products, and to be willing to pay a fair price for them
8. Who coined the Categorical Imperative? - ANSWER Immanuel Kant
9. What is the categorical imperative? - ANSWER Act according to the
maxim that you would wish all other rational people to follow, as if it were a
universal law
10.Principle of Universality - ANSWER Never treat people as a means to an
end, but only as an end
11.Significance of the Year 1989 - ANSWER Fall of Berlin Wall
Creation of the World Wide Web
Changing Demographic (older)
12.What are the implications of a rise in consciousness? - ANSWER more
people are civically active
