LES 305 EXAM QUESTIONS AND
ANSWERS
In a general sense, anyone who affects or is affected by decisions made within a firm
can be called a business ____ - Answer-stakeholder
which of the following can be thought of as the answer to the fundamental questions of
theoretical reason - Answer-the scientific method
which of the following observations is true - Answer-the law cannot anticipate every new
dilemma that businesses might face
practical reasoning is reasoning about - Answer-what we should do
The aspect of business ethics that examines business institutions from a social rather
than an individual perspective is referred to as - Answer-decision making for social
responsibility
ethics requires that the promotion of human welfare be done - Answer-in a manner that
is acceptable and reasonable from all relevant points of view
the failure of decision makers to notice gradual variations over time is known as -
Answer-change blindness
individuals within a business setting are often in situations in which they must reach an
agreement using their own point of view and the perspective of the specific role they fill
within an institution. this best describes the term - Answer-personal and professional
decision making
which of the following conditions makes issue identification the first step in the ethical
decision making process? - Answer-when the issue is presented from the start
identify the cognitive barrier which might appear to relieve us of accountability for a
decision - Answer-using a simplified decision rule
Which of following explains the term "satisficing?" - Answer-selecting the alternative that
meets minimum decision criteria
Which of the following is a cognitive barrier to responsible, ethical decision making? -
Answer-following simplified decision rules
in the ethical decision making process, identify the steps that might arise in reverse
order, depending on the circumstances - Answer-determining the facts of the situation;
identifying relevant ethical issues
ANSWERS
In a general sense, anyone who affects or is affected by decisions made within a firm
can be called a business ____ - Answer-stakeholder
which of the following can be thought of as the answer to the fundamental questions of
theoretical reason - Answer-the scientific method
which of the following observations is true - Answer-the law cannot anticipate every new
dilemma that businesses might face
practical reasoning is reasoning about - Answer-what we should do
The aspect of business ethics that examines business institutions from a social rather
than an individual perspective is referred to as - Answer-decision making for social
responsibility
ethics requires that the promotion of human welfare be done - Answer-in a manner that
is acceptable and reasonable from all relevant points of view
the failure of decision makers to notice gradual variations over time is known as -
Answer-change blindness
individuals within a business setting are often in situations in which they must reach an
agreement using their own point of view and the perspective of the specific role they fill
within an institution. this best describes the term - Answer-personal and professional
decision making
which of the following conditions makes issue identification the first step in the ethical
decision making process? - Answer-when the issue is presented from the start
identify the cognitive barrier which might appear to relieve us of accountability for a
decision - Answer-using a simplified decision rule
Which of following explains the term "satisficing?" - Answer-selecting the alternative that
meets minimum decision criteria
Which of the following is a cognitive barrier to responsible, ethical decision making? -
Answer-following simplified decision rules
in the ethical decision making process, identify the steps that might arise in reverse
order, depending on the circumstances - Answer-determining the facts of the situation;
identifying relevant ethical issues
