BUL 4421-001 ETHICS TEST QUESTIONS
AND ANSWERS
Ethics - Correct Answers -the study of right and wrong behavior; knowing whether the
action is fair, right, and just.
Business Ethics - Correct Answers -directors and officers owe a complex set of duties to
all of their stakeholders
civil liability - Correct Answers -initiated by harmed individuals or administrative
agencies such as SEC
Corporate Social Responsibility - Correct Answers -the theory that those who manage
corporations should be accountable to society for their actions
stakeholder approach - Correct Answers -corporations have a duty not only to
shareholders but to other groups (stakeholders) affected by corporate actions
Criminal Culpability - Correct Answers -initiated by law enforcement and/or prosecutes
professional liability - Correct Answers -loss of license to practice certain profession
The most common reason ethical problems manifest in business - Correct Answers -an
overemphasis on short term profit
Religious Ethical Standards - Correct Answers -rightness or wrongness of an action is
usually judged according to its conformity to an absolute rule that commands a
particular form of behavior
Kantian Ethics - Correct Answers -rightness or wrongness of an action is judged by
estimating the consequences that would follow if everyone in society performed the act
under consideration
Principle Rights - Correct Answers -in deciding whether an action is ethical, one should
consider what consequences their actions would have on fundamental rights of others
Utilitarianism - Correct Answers -an action is ethical based n whether is produced the
greatest good for the greatest number of people upon which it has an effect
AND ANSWERS
Ethics - Correct Answers -the study of right and wrong behavior; knowing whether the
action is fair, right, and just.
Business Ethics - Correct Answers -directors and officers owe a complex set of duties to
all of their stakeholders
civil liability - Correct Answers -initiated by harmed individuals or administrative
agencies such as SEC
Corporate Social Responsibility - Correct Answers -the theory that those who manage
corporations should be accountable to society for their actions
stakeholder approach - Correct Answers -corporations have a duty not only to
shareholders but to other groups (stakeholders) affected by corporate actions
Criminal Culpability - Correct Answers -initiated by law enforcement and/or prosecutes
professional liability - Correct Answers -loss of license to practice certain profession
The most common reason ethical problems manifest in business - Correct Answers -an
overemphasis on short term profit
Religious Ethical Standards - Correct Answers -rightness or wrongness of an action is
usually judged according to its conformity to an absolute rule that commands a
particular form of behavior
Kantian Ethics - Correct Answers -rightness or wrongness of an action is judged by
estimating the consequences that would follow if everyone in society performed the act
under consideration
Principle Rights - Correct Answers -in deciding whether an action is ethical, one should
consider what consequences their actions would have on fundamental rights of others
Utilitarianism - Correct Answers -an action is ethical based n whether is produced the
greatest good for the greatest number of people upon which it has an effect
