GBA FINAL EXAM STUDY REVIEW
2026/2027
with respect to business ethics, what is bribery - ANSWER-the practice of offering
something in order to gain illicit advantage
a manufacturer practices due care in the production and manufacturing process, if the
manufacturer has - ANSWER-eliminated all known design and production flaws
which of the following best describes property that consists of non physical objects,
such as music or information - ANSWER-intellectual property
which type of rights are outcomes of a specific transaction between particular
individuals - ANSWER-contractural
choose the correct answer - ANSWER-tax evasion is unethical
what is the misconduct of trading in stock or other securities of a firm or corporation
using inside information that has not been disclosed to the public and which, if
disclosed, could materially influence the price of such stock or securities - ANSWER-
insider trading
Blackmail is a - ANSWER-type of extortion
______________ refers to favorable treatment, using quotas - ANSWER-affirmative
action & positive discrimination
which of the following business practices regarding consumer privacy are ethically
responsible - ANSWER-all of the above
____________ is an extreme example of unfair pricing and occurs when sellers take
advantage of civil engineering - ANSWER-price gouging
which argument best supports the idea that in addition to making profits an organization
is ethically responsible - ANSWER-corporate social responsibility
because companies intentionally engage in action such as production and sales -
ANSWER-moral agent
which theory of corporate social responsibility says that an organization should be run
with the best interest of anyone that can benefit - ANSWER-stakeholder theory
, the reputation of a company as a good corporate citizen is influenced by - ANSWER-the
attitude and behavior of the company toward the community of which the company is
part
what best defines the moral legitimacy of a business or organization - ANSWER-when
the company is contributing to the common good
choose the words for the gaps "ESG (___________,_____________,__________) -
ANSWER-Environmental, social, governance
this statement "a managers only responsibility is to legally and ethically make as much
money as possible - ANSWER-shareholder theory
"humans activity should be harmonized by respecting the environment and caring for it
as responsible" - ANSWER-the stewardship principle
some of the most current relevant ethical issues related to AI are - ANSWER-
information breaching and temporary adjustment of jobs and selection bias
Laws and governmental regulation are termed - ANSWER-hard regulations
ethical issues about the economic, political, or legal aspects that a business operates
under are referred to as: - ANSWER-systemic ethical issues
some of the most current relevant ethical issues related to AI are: - ANSWER-
information breaches and temporary adjustment of jobs and selection bias
what best defines the moral legitimacy of a business or organization? - ANSWER-when
the company is contributing to the common good
which type of rights are outcome specific transaction between particular individuals? -
ANSWER-contractural
the ethical theory that is focus on human flourishing is - ANSWER-virtue ethics
which of the following approaches to ethical decision-making is based on the idea that a
course of action produces the most benefits over cost for everyone affected? -
ANSWER-utilitarism
what are the four types of personal moral responsibility (or causation)? - ANSWER-
omission
commission
cooperation
inducing
2026/2027
with respect to business ethics, what is bribery - ANSWER-the practice of offering
something in order to gain illicit advantage
a manufacturer practices due care in the production and manufacturing process, if the
manufacturer has - ANSWER-eliminated all known design and production flaws
which of the following best describes property that consists of non physical objects,
such as music or information - ANSWER-intellectual property
which type of rights are outcomes of a specific transaction between particular
individuals - ANSWER-contractural
choose the correct answer - ANSWER-tax evasion is unethical
what is the misconduct of trading in stock or other securities of a firm or corporation
using inside information that has not been disclosed to the public and which, if
disclosed, could materially influence the price of such stock or securities - ANSWER-
insider trading
Blackmail is a - ANSWER-type of extortion
______________ refers to favorable treatment, using quotas - ANSWER-affirmative
action & positive discrimination
which of the following business practices regarding consumer privacy are ethically
responsible - ANSWER-all of the above
____________ is an extreme example of unfair pricing and occurs when sellers take
advantage of civil engineering - ANSWER-price gouging
which argument best supports the idea that in addition to making profits an organization
is ethically responsible - ANSWER-corporate social responsibility
because companies intentionally engage in action such as production and sales -
ANSWER-moral agent
which theory of corporate social responsibility says that an organization should be run
with the best interest of anyone that can benefit - ANSWER-stakeholder theory
, the reputation of a company as a good corporate citizen is influenced by - ANSWER-the
attitude and behavior of the company toward the community of which the company is
part
what best defines the moral legitimacy of a business or organization - ANSWER-when
the company is contributing to the common good
choose the words for the gaps "ESG (___________,_____________,__________) -
ANSWER-Environmental, social, governance
this statement "a managers only responsibility is to legally and ethically make as much
money as possible - ANSWER-shareholder theory
"humans activity should be harmonized by respecting the environment and caring for it
as responsible" - ANSWER-the stewardship principle
some of the most current relevant ethical issues related to AI are - ANSWER-
information breaching and temporary adjustment of jobs and selection bias
Laws and governmental regulation are termed - ANSWER-hard regulations
ethical issues about the economic, political, or legal aspects that a business operates
under are referred to as: - ANSWER-systemic ethical issues
some of the most current relevant ethical issues related to AI are: - ANSWER-
information breaches and temporary adjustment of jobs and selection bias
what best defines the moral legitimacy of a business or organization? - ANSWER-when
the company is contributing to the common good
which type of rights are outcome specific transaction between particular individuals? -
ANSWER-contractural
the ethical theory that is focus on human flourishing is - ANSWER-virtue ethics
which of the following approaches to ethical decision-making is based on the idea that a
course of action produces the most benefits over cost for everyone affected? -
ANSWER-utilitarism
what are the four types of personal moral responsibility (or causation)? - ANSWER-
omission
commission
cooperation
inducing
