AGB 302 Quiz 1 Questions with 100% Correct
Answers 2025 Update
Which of the following statements about values and norms of a culture is true? - Correct Answer -
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Which of the following statements is true about a class system? - Correct Answer - A class system is a
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closed form of stratification.
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Ethical systems are: - Correct Answer - a set of moral principles, or values, that are used to guide and
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shape behavior.
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A firm's ________ include customers, suppliers, and lenders. - Correct Answer - external stakeholders
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The _________ approaches to ethics hold that the moral worth of actions or practices is determined by
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their consequences. - Correct Answer - utilitarian
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The _________ occurs when a resource is shared by all, but owned by no one, is overused by
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individuals, resulting in its degradation. - Correct Answer - tragedy of the commons
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A situation in which none of the available alternatives seems morally acceptable is called: - Correct
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Answer - an ethical dilemma.
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Which of the following refers to the values and norms that the employees of an organization share? -
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Correct Answer - Organization culture
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According to the Friedman doctrine: - Correct Answer - businesses should not undertake social
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expenditures beyond those mandated by the law and required for the efficient running of a business.
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The righteous moralist suggests that: - Correct Answer - a multinational's home-country standards of
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ethics are the appropriate ones for companies to follow in foreign countries.
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Answers 2025 Update
Which of the following statements about values and norms of a culture is true? - Correct Answer -
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
Which of the following statements is true about a class system? - Correct Answer - A class system is a
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
closed form of stratification.
ty ty ty ty
Ethical systems are: - Correct Answer - a set of moral principles, or values, that are used to guide and
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
shape behavior.
ty ty
A firm's ________ include customers, suppliers, and lenders. - Correct Answer - external stakeholders
ty ty ty ty ty ty ty ty ty ty ty ty ty ty
The _________ approaches to ethics hold that the moral worth of actions or practices is determined by
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
their consequences. - Correct Answer - utilitarian
ty ty ty ty ty ty ty ty
The _________ occurs when a resource is shared by all, but owned by no one, is overused by
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
individuals, resulting in its degradation. - Correct Answer - tragedy of the commons
ty ty ty ty ty ty ty ty ty ty ty ty ty ty
A situation in which none of the available alternatives seems morally acceptable is called: - Correct
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Answer - an ethical dilemma.
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Which of the following refers to the values and norms that the employees of an organization share? -
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
Correct Answer - Organization culture
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According to the Friedman doctrine: - Correct Answer - businesses should not undertake social
ty ty ty ty ty ty ty ty ty ty ty ty ty ty
expenditures beyond those mandated by the law and required for the efficient running of a business.
ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty ty
The righteous moralist suggests that: - Correct Answer - a multinational's home-country standards of
ty ty ty ty ty ty ty ty ty ty ty ty ty ty
ethics are the appropriate ones for companies to follow in foreign countries.
ty ty ty ty ty ty ty ty ty ty ty ty
