PHIL 1273 BUSINESS ETHICS EXAM 2 QUESTIONS AND ANSWERS GRADED A+
According to the Aristotelian approach to ethics, it is not easy to figure out how best to help
humans flourish. - Answers True
According to the Aristotelian approach to ethics, we do not need to know about human nature in
order to figure out human flourishing. - Answers False
According to the Aristotelian approach to ethics, every social institution has a moral purpose -
to promote human flourishing in some way. - Answers True
The argument that markets are good because they are necessary for liberty and the argument
that markets are good because they produce good outcomes are incompatible - they cannot
both be (completely) right. - Answers True
The fact that market mechanisms supply us with most of the things we need to survive means
that markets must be morally good. - Answers False
According to Hausman & McPherson, people act to satisfy their preferences and therefore they
never act to harm their own well-being. - Answers False
According to Hausman & McPherson, paternalism is never bad. - Answers False
According to Sandel, cannibalism between consenting adults poses the ultimate test for the
libertarian principle of self-ownership and the idea of justice that follows from it. - Answers True
According to Friedman, managers should run corporations in the interests of
shareholders/stockholders because that is what, as employees of the shareholders, they have
signed on to do. - Answers True
According to Friedman, managers have responsibilities beyond those they assumes voluntarily
so they must sometimes thwart even the legitimate goals of their shareholders. - Answers False
According to the view Stone advocates, managers should always seek to maximize profits
because this goal serves as a "polestar"—pursuing it leads to benefits for all stakeholders. -
Answers False
According to Freeman, stockholders are the owners of a corporation and so corporations
should be run solely in their interests. - Answers False
According to the Aristotelian approach to ethics, - Answers people must use reason to identify
and balance important human interests.
The welfare/outcome argument for markets holds that - Answers market competition creates
Pareto improvements (i.e., mutually agreeable deals), providing benefits to individuals is morally
good, other things being equal, Pareto improvements (i.e., mutually agreeable deals) are
beneficial.
According to the Aristotelian approach to ethics, it is not easy to figure out how best to help
humans flourish. - Answers True
According to the Aristotelian approach to ethics, we do not need to know about human nature in
order to figure out human flourishing. - Answers False
According to the Aristotelian approach to ethics, every social institution has a moral purpose -
to promote human flourishing in some way. - Answers True
The argument that markets are good because they are necessary for liberty and the argument
that markets are good because they produce good outcomes are incompatible - they cannot
both be (completely) right. - Answers True
The fact that market mechanisms supply us with most of the things we need to survive means
that markets must be morally good. - Answers False
According to Hausman & McPherson, people act to satisfy their preferences and therefore they
never act to harm their own well-being. - Answers False
According to Hausman & McPherson, paternalism is never bad. - Answers False
According to Sandel, cannibalism between consenting adults poses the ultimate test for the
libertarian principle of self-ownership and the idea of justice that follows from it. - Answers True
According to Friedman, managers should run corporations in the interests of
shareholders/stockholders because that is what, as employees of the shareholders, they have
signed on to do. - Answers True
According to Friedman, managers have responsibilities beyond those they assumes voluntarily
so they must sometimes thwart even the legitimate goals of their shareholders. - Answers False
According to the view Stone advocates, managers should always seek to maximize profits
because this goal serves as a "polestar"—pursuing it leads to benefits for all stakeholders. -
Answers False
According to Freeman, stockholders are the owners of a corporation and so corporations
should be run solely in their interests. - Answers False
According to the Aristotelian approach to ethics, - Answers people must use reason to identify
and balance important human interests.
The welfare/outcome argument for markets holds that - Answers market competition creates
Pareto improvements (i.e., mutually agreeable deals), providing benefits to individuals is morally
good, other things being equal, Pareto improvements (i.e., mutually agreeable deals) are
beneficial.
