BA 300 Final Exam questions with complete
solution.
Utilitarianism: Decision Rule ~CORRECT ANSWER~✓✓Maximize utility; the
greatest good for the greatest number
Utilitarianism: Advantages ~CORRECT ANSWER~✓✓A scientific, logical
approach
Utilitarianism: Disadvantages ~CORRECT ANSWER~✓✓Disregards the means,
and can overlook the rights of minorities
Utilitarianism: What to Look for ~CORRECT ANSWER~✓✓-Stakeholder
analysis
-Attempt to get the best result for the maximum number of stakeholders
Utilitarianism: Example ~CORRECT ANSWER~✓✓Due to economic conditions,
Wayne's budget has been reduced. He has to make do with less. His options
include laying off workers, outsourcing production, a salary reduction, or a
reduction in management. He CONSIDERS ALL OF THE STAKEHOLDERS, and
EACH OF HIS OPTIONS, analyzing the effect of each solution on each
stakeholder group. He decides that the best outcome, which produces the
GREATEST GOOD FOR THE MAJORITY, is a reduction in management.
Wayne's reasoning is typical of:
a. Objectivism
b. UTILITARIANISM
c. The Theory of Justice
, d. The Theory of Rights
e. The Categorical Imperative
Nozick: Theory of Rights-Decision Rule ~CORRECT ANSWER~✓✓No force or
fraud
Nozick: Theory of Rights-Advantages ~CORRECT ANSWER~✓✓Complete
freedom of action, minimum government intervention
Nozick: Theory of Rights-Disadvantages ~CORRECT ANSWER~✓✓Disregards
interests of other stakeholders
Nozick: Theory of Rights-What to Look for ~CORRECT ANSWER~✓✓-No force
(coercion) or fraud (lies, deception)
-Emphasis on rights of decision-maker
Nozick's Theory of Rights: Example ~CORRECT ANSWER~✓✓Mario sells
copies of Italian furniture. People pay very high prices for his furniture because it
looks like the real thing, even though it is very low quality with regard to both
materials and construction. Mario is always careful not to claim that the furniture
as the real thing, and he never uses any high pressure sales tactics. He believes
that as long as HE DOES NOT LIE TO THE CUSTOMER or PRESSURE THEM to
buy the furniture, there is NOTHING UNETHICAL about selling it for three
times its actual value. This is reasoning is typical of:
a. Objectivism
b. Utilitarianism
solution.
Utilitarianism: Decision Rule ~CORRECT ANSWER~✓✓Maximize utility; the
greatest good for the greatest number
Utilitarianism: Advantages ~CORRECT ANSWER~✓✓A scientific, logical
approach
Utilitarianism: Disadvantages ~CORRECT ANSWER~✓✓Disregards the means,
and can overlook the rights of minorities
Utilitarianism: What to Look for ~CORRECT ANSWER~✓✓-Stakeholder
analysis
-Attempt to get the best result for the maximum number of stakeholders
Utilitarianism: Example ~CORRECT ANSWER~✓✓Due to economic conditions,
Wayne's budget has been reduced. He has to make do with less. His options
include laying off workers, outsourcing production, a salary reduction, or a
reduction in management. He CONSIDERS ALL OF THE STAKEHOLDERS, and
EACH OF HIS OPTIONS, analyzing the effect of each solution on each
stakeholder group. He decides that the best outcome, which produces the
GREATEST GOOD FOR THE MAJORITY, is a reduction in management.
Wayne's reasoning is typical of:
a. Objectivism
b. UTILITARIANISM
c. The Theory of Justice
, d. The Theory of Rights
e. The Categorical Imperative
Nozick: Theory of Rights-Decision Rule ~CORRECT ANSWER~✓✓No force or
fraud
Nozick: Theory of Rights-Advantages ~CORRECT ANSWER~✓✓Complete
freedom of action, minimum government intervention
Nozick: Theory of Rights-Disadvantages ~CORRECT ANSWER~✓✓Disregards
interests of other stakeholders
Nozick: Theory of Rights-What to Look for ~CORRECT ANSWER~✓✓-No force
(coercion) or fraud (lies, deception)
-Emphasis on rights of decision-maker
Nozick's Theory of Rights: Example ~CORRECT ANSWER~✓✓Mario sells
copies of Italian furniture. People pay very high prices for his furniture because it
looks like the real thing, even though it is very low quality with regard to both
materials and construction. Mario is always careful not to claim that the furniture
as the real thing, and he never uses any high pressure sales tactics. He believes
that as long as HE DOES NOT LIE TO THE CUSTOMER or PRESSURE THEM to
buy the furniture, there is NOTHING UNETHICAL about selling it for three
times its actual value. This is reasoning is typical of:
a. Objectivism
b. Utilitarianism
