MGMT 3020 Study Guide
True or False: Ethical decision making in business is False
limited to major corporate decisions with dramatic
social consequences.
True or False: In a general sense, a business stakeholder False
is one who has made substantial financial investments in
the business.
True or False: Ethics refers to how human beings should True
properly live their lives.
True or False: Values are the only guidance individuals False
need to act in ways that are positive or ethical.
True or False: Societies that value individual freedom True
legally stipulate codes of personal integrity and
common decency to safeguard this freedom.
True or False: In civil law, there is no room for ambiguity False
in applying the law because much of the law is
established by past precedent.
Identify a true statement about ethical decision making C
in business:
A. Ethical decisions that employees make have to
always be based upon clearly established guidelines
laid down by the board of directors.
B. Every instance of ethical decision making should be
based on the law of the land.
C. Ethical decision making is not limited to major
corporate decisions with dramatic social
consequences.
D. All ethical decisions can be covered by economic,
legal, or company rules and regulations.
Identify a true statement about ethical decision making C
in business:
A. Ethical decision making should not rely on the
personal values and principles of the individuals
involved.
B. Employees only have to deal with situations that call
for ethical decision making once they reach managerial
positions within organizations.
C. At some point, every worker will be faced with an
issue that will require ethical decision making.
D. Companies are legally obligated to cover all ethical
decisions by internal rules and regulations.
In a general sense, anyone who affects or is affected by D
decisions made within a firm can be called a business
________.
A. insider
B. nominee
C. analyst
D. stakeholder
, MGMT 3020 Study Guide
Which of the following is an approach advocated while C
teaching ethics?
A. Teachers should understand that their role is only to
tell the right answers to their students.
B. Teachers should teach ethical dogma to a passive
audience.
C. Teachers should challenge students to think for
themselves.
D. Teachers should consider acceptance of customary
norms as an adequate ethical perspective.
Philosophers often state that ethics is ________, which D
means that it focuses on people's reasoning about how
they should act:
A. clinical
B. derivative
C. circumstantial
D. normative
Social sciences such as psychology and sociology are A
different from ethics owing to the fact that they are
________.
A. descriptive in nature
B. clinical in nature
C. conjectural in nature
D. normative in nature
Individual codes of conduct based on one's value B
structures regarding how one should live, how one
should act, what one should do, and what kind of a
person should one be is sometimes referred to as
________.
A.leadership
B. morality
C. independence
D. rationality
Ethics refers to the applications of ________ on which A
people's decisions are based.
A. morals
B. values
C. norms
D. etiquette
True or False: Ethical decision making in business is False
limited to major corporate decisions with dramatic
social consequences.
True or False: In a general sense, a business stakeholder False
is one who has made substantial financial investments in
the business.
True or False: Ethics refers to how human beings should True
properly live their lives.
True or False: Values are the only guidance individuals False
need to act in ways that are positive or ethical.
True or False: Societies that value individual freedom True
legally stipulate codes of personal integrity and
common decency to safeguard this freedom.
True or False: In civil law, there is no room for ambiguity False
in applying the law because much of the law is
established by past precedent.
Identify a true statement about ethical decision making C
in business:
A. Ethical decisions that employees make have to
always be based upon clearly established guidelines
laid down by the board of directors.
B. Every instance of ethical decision making should be
based on the law of the land.
C. Ethical decision making is not limited to major
corporate decisions with dramatic social
consequences.
D. All ethical decisions can be covered by economic,
legal, or company rules and regulations.
Identify a true statement about ethical decision making C
in business:
A. Ethical decision making should not rely on the
personal values and principles of the individuals
involved.
B. Employees only have to deal with situations that call
for ethical decision making once they reach managerial
positions within organizations.
C. At some point, every worker will be faced with an
issue that will require ethical decision making.
D. Companies are legally obligated to cover all ethical
decisions by internal rules and regulations.
In a general sense, anyone who affects or is affected by D
decisions made within a firm can be called a business
________.
A. insider
B. nominee
C. analyst
D. stakeholder
, MGMT 3020 Study Guide
Which of the following is an approach advocated while C
teaching ethics?
A. Teachers should understand that their role is only to
tell the right answers to their students.
B. Teachers should teach ethical dogma to a passive
audience.
C. Teachers should challenge students to think for
themselves.
D. Teachers should consider acceptance of customary
norms as an adequate ethical perspective.
Philosophers often state that ethics is ________, which D
means that it focuses on people's reasoning about how
they should act:
A. clinical
B. derivative
C. circumstantial
D. normative
Social sciences such as psychology and sociology are A
different from ethics owing to the fact that they are
________.
A. descriptive in nature
B. clinical in nature
C. conjectural in nature
D. normative in nature
Individual codes of conduct based on one's value B
structures regarding how one should live, how one
should act, what one should do, and what kind of a
person should one be is sometimes referred to as
________.
A.leadership
B. morality
C. independence
D. rationality
Ethics refers to the applications of ________ on which A
people's decisions are based.
A. morals
B. values
C. norms
D. etiquette
