BA 200 Exam 1 [2026] UPDATED ACTUAL Exam
QUESTIONS WITH ANSWERS GRADED A+
• Normative Standard . CORRECT ANSWER: Generally accepted rulse of
conduct that governs society.
Does not have to be illegal to be against this
• No . CORRECT ANSWER: Does business ethics provide a guarantee of
profitability?
• false . CORRECT ANSWER: Unethical business ethics is always illegal
• Business ethics . CORRECT ANSWER: The application of standards for moral
reasoning to business dilemmas
• true . CORRECT ANSWER: Situational ethics and moral relativism are the
same
• false . CORRECT ANSWER: Natural law and positive law are the same in the
views of moral standards
• Shareholders . CORRECT ANSWER: Who does Friedman believe you should
serve?
• Inherence . CORRECT ANSWER: managers answer only to shareholders and
act only with shareholders in mind
• Enlightened Self- Interest . CORRECT ANSWER: Managers are responsible
first to shareholders but serves them best by being responsible to larger society
, Business value is enhanced
• Invisible Hand . CORRECT ANSWER: Business ought to serve the larger
society and does this best by serving the shareholders
Does not get involved in social issues
• The Social Responsibility School . CORRECT ANSWER: Serve the larger
society by responding to the society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved
• Code of Ethics . CORRECT ANSWER: Individual firm's behavior standard for
employees
Most businesses have one
• Blanchard and Peale . CORRECT ANSWER: Is it legal
Is it balanced
how does it make me feel
• Front-page-of-the-newspaper Test . CORRECT ANSWER: How would the story
be reported?
Application of whether conduct gives the appearance of impropriety
• Laura Nash and Perspective . CORRECT ANSWER: How would I view the
problem if I sat on the other side of the fence?
QUESTIONS WITH ANSWERS GRADED A+
• Normative Standard . CORRECT ANSWER: Generally accepted rulse of
conduct that governs society.
Does not have to be illegal to be against this
• No . CORRECT ANSWER: Does business ethics provide a guarantee of
profitability?
• false . CORRECT ANSWER: Unethical business ethics is always illegal
• Business ethics . CORRECT ANSWER: The application of standards for moral
reasoning to business dilemmas
• true . CORRECT ANSWER: Situational ethics and moral relativism are the
same
• false . CORRECT ANSWER: Natural law and positive law are the same in the
views of moral standards
• Shareholders . CORRECT ANSWER: Who does Friedman believe you should
serve?
• Inherence . CORRECT ANSWER: managers answer only to shareholders and
act only with shareholders in mind
• Enlightened Self- Interest . CORRECT ANSWER: Managers are responsible
first to shareholders but serves them best by being responsible to larger society
, Business value is enhanced
• Invisible Hand . CORRECT ANSWER: Business ought to serve the larger
society and does this best by serving the shareholders
Does not get involved in social issues
• The Social Responsibility School . CORRECT ANSWER: Serve the larger
society by responding to the society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved
• Code of Ethics . CORRECT ANSWER: Individual firm's behavior standard for
employees
Most businesses have one
• Blanchard and Peale . CORRECT ANSWER: Is it legal
Is it balanced
how does it make me feel
• Front-page-of-the-newspaper Test . CORRECT ANSWER: How would the story
be reported?
Application of whether conduct gives the appearance of impropriety
• Laura Nash and Perspective . CORRECT ANSWER: How would I view the
problem if I sat on the other side of the fence?
