Business Ethics FINAL- EXAM Questions and Answers Updated 2026

Business Ethics FINAL
EXAM Questions and
Answers Updated 2026
CorporateBSocialBResponsibilityB-
BAnswerBEconomic,BsocialBandBenvironmentalBbenefitsBdeliveredBtoBallBstakeholders



StakeholdersB-BAnswerBGroupsBinvolvedBinBorBaffectedBbyBcorporation



UndismissableB-
BAnswerBConsumersBinBcontactBwithBtooBmanyBproductsBtoBjustBlookBoutBforBourselv
es



Freedman:B"SocialBResp.BtoBincreaseBprofits"B-
BAnswerBBusinessesBhaveBnoBsocialBconscience



Stone:B"WhyBshouldn'tBcorporationsBbeBresponsible?"B-
BAnswerBWorkingBinBbestBinterestBofBperson,BgroupBorBenterpriseBtheyBagentBfor



BluffingB-BAnswerBDeceivingBsomeoneBelse'sBabilitiesBorBintentions



Prisoner'sBdilemmaB-BAnswerBUnqualifiedBself-
interestBbyBeachBleadsBtoBoppositeBforBall



Carr:B"IsBBusinessBBluffingBEthical?"B-BAnswerBBluffingBisBgameBstrategyB&Bexpected



Bowie:B"DoesBitBpayBtoBbluffBinBbusiness?"B-
BAnswerBBluffingBhasBbadBconsequencesBonBrelationships

,Frankel:B"Truth,BHonestB&BEthicsBinBBusiness"B-
BAnswerBmarketBregulationBsupportedBbyBmechanismsB&BcorrectionsBproceduresB(ie.B
excessiveBriskBtakingBandBborrowing)



SocialBresponsibilityB-BAnswerBCorpsBshouldBbalanceBprofit-
makingBactivitiesBwithBthoseBthatBbenefitBsociety



InvisibleBhandB-
BAnswerBUnobservableBmarketBforceBhelpingBdemandBandBsupplyBofBgoodsBinBfreeB
marketB;Bgoal:BreachBequilibrium



French:B"CorporateBMoralBAgency"B-
BAnswerBCorpsBareBhumanBlike,BintentionalBbeingsBwithBrightsBandBresponsibilities



MoralBagencyB-BAnswerBAbilityBtoBmakeBmoralBjudgements



Arrow:B"SocialBresponsibilityB&BeconomicBefficiency"B-
BAnswerBFirmsBmax.BprofitsBorBSHOULDBdueBtoBsocialBobligation



Freeman:B"ABstakeholdersBtheoryBofBmodernBcorporation"B-
BAnswerBSocietyBhasBlimitedBunrestrictedBpursuitBofBprofit;BmanagementBsupportsB"in
visibleBhand"



4BelementsBofBbasisBforBdecidingBrightsBorBwrongB-
BAnswerBLaws,BcommonBpractices,BreligionB&Brelativism



UtilitarianismB-BAnswerBCost-benefitBthinkingBforBall;BmaxBbenefits,Bmin.Bharms



KantianBethics/deontology/absoluteBrulesB-
BAnswerBUniversalizable;BdoBnotBtreatBothersBasBmeans,BtheyBareBendsBinBthemselve
s

, CommonBsenseBpluralismB-
BAnswerBSeveralBvaluesBmayBbeBequallyBcorrectB&Bfundamental



EgoismB-BAnswerBSelfBinterestBisBfoundationBofBmorality



BattinB&BMower:B"TheBColumbiaBShuttleBDisaster"B-
BAnswerBTileBdamageBspottedBuponBtakeoff;BobligationBtoBinformBastronautsBaboutBel
evatedBriskBofBnoBreturn?



Dowie:B"PintoBMadness"B-
BAnswerBExplodingBgasBtank;B$11/carBmoreBforBsaferBgasBtank;Bcost-benefitBonBlives



Werhane:B"TheBPintoBCaseB&BRashomonBEffect"B-
BAnswerBRashomonBeffect:BnarrativeBofBevents,B1BbecomesBdominantBakaBDowieBinB
PintoBstory



McDonald'sB1992:BTooBhotBcoffee?B-BAnswerB30BdegreesBhigherBthanBnormal



Strauss:B"LoblawsBadmitsBtoBbreadBprice-fixingBscheme"B-
BAnswerBPriceBfixingBtoBcreateBmonopoly-likeBsituation;BclassBactionBsuitBgoingBon



MonopolyB-BAnswerBCompanyBbecomesBonlyBplayerBinBtheBmarket



AvoidingBMonopolyBinBmarketB,B1BactBinBUSAB&B1BboardBinBCanadaB-
BAnswerBShermanBAntitrustBActB(US)BandBCompetitionBboard



Friedman'sBopinionBonBmonopoliesB-
BAnswerBIfBmonopolyBnaturallyBexistsBthenBconsideredBaBbusinessBsuccess



Smith:B"OnBhumanBexchangeBandBhumanBdifferences"B-
BAnswerBsales,BdealsB,BbargainsBareBallBaboutBself-love