Ethics in the Workplace 3rd Edition Dean Bredeson – Test Bank

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Ethics in the Workplace 3rd Edition Dean Bredeson – Test Bank

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Chapter 2 Ethical Principles

Ethics in the Workplace 3e

 

TRUE/FALSE

 

1. People often base ethical decisions on outcomes: will the result be good or bad, and for whom?

 

ANS:  T                    PTS:   1

 

2. A strength of consequential ethics is that you can almost always predict the consequences of your actions.

 

ANS:  F                    PTS:   1

 

3. A weakness of consequential ethics is that no action is always right or always wrong.

 

ANS:  T                    PTS:   1

 

4. A weakness of the principle of rights is that people do not always agree on what their rights are.

 

ANS:  T                    PTS:   1

 

5. According to one philosopher, the key to making a personal quality such as generosity part of your character is to practice it consistently.

 

ANS:  T                    PTS:   1

 

6. Abortion, the death penalty, and euthanasia are issues debated according to the principle of rights.

 

ANS:  T                    PTS:   1

 

MULTIPLE CHOICE

 

1. The principles of _____ very often lead to the same conclusion, or “right answer” to an ethical dilemma.

a.	rights, duties, and virtues	c.	duties and utility
b.	egoism and utility	d.	egoism, rights, and duties

 

 

ANS:  A                    PTS:   1

 

2. A strength of the principle of _____ is that it gives people a great deal of moral freedom.

a.	egoism	c.	duties
b.	rights	d.	virtue

 

 

ANS:  B                    PTS:   1

 

3. _____ and _____ can be thought of as opposite sides of the same coin.

a.	Egoism; the golden mean	c.	Rights; duties
b.	Utility; virtue	d.	Universality; utility

 

 

ANS:  C                    PTS:   1

 

4. With which principle or concept is the German philosopher Immanuel Kant associated?

a.	utility principle	c.	principle of duties
b.	principle of rights	d.	golden mean

 

 

ANS:  C                    PTS:   1

 

5. With which principle or concept is the Greek philosopher Aristotle associated?

a.	utility principle	c.	respect for persons
b.	universality	d.	golden mean

 

 

ANS:  D                    PTS:   1

 

6. Which is a weakness of the principle of virtues?

a.	Some actions promote one virtue while violating another.
b.	People do not always agree on which virtue is the most important.
c.	Conflicts may be irresolvable.
d.	all of the above

 

 

ANS:  D                    PTS:   1

 

MATCHING

 

Match each key term or concept with a definition.

a.	consequences	e.	right
b.	duty	f.	universality
c.	golden mean	g.	value system
d.	respect for persons	h.	virtue

 

 

1. An ethical obligation that one individual has to others

 

2. A way of viewing ethical right and wrong, often unique to an individual, a culture, or a subculture

 

3. The idea that it is wrong to use other individuals in ways that harm them for one’s own benefit

 

4. The idea that people should act as they would want others to act in the same situation

 

5. A term used to describe how an individual is entitled to be treated by others

 

6. An ideal character trait that people should try to incorporate into their lives

 

7. The method of defining virtues as perfect balances between opposite and undesirable extremes

 

8. The effects or results of what people do

 

1. ANS:  B                    PTS:   1

 

2. ANS:  G                    PTS:   1

 

3. ANS:  D                    PTS:   1

 

4. ANS:  F                    PTS:   1

 

5. ANS:  E                    PTS:   1

 

6. ANS:  H                    PTS:   1

 

7. ANS:  C                    PTS:   1

 

8. ANS:  A                    PTS:   1

 

Match each ethical principle with the correct application.

a.	egoism principle	d.	principle of duties
b.	utility principle	e.	principle of virtues
c.	principle of rights

 

 

9. Keith always gives an honest day’s work because it’s the right thing to do.

 

10. Ramona always finishes her work on time because she’s a responsible person.

 

11. Betty lies and takes credit for the team’s work because she wants a promotion.

 

12. When Chaz started his own company, he chose to practice open-book management (sharing the company’s financial information with employees) because he believes they have a right to know.

 

13. Malik’s company offers several matching gift programs. He chooses to donate to the one that will benefit the most people.

 

9. ANS:  D                    PTS:   1

 

10. ANS:  E                    PTS:   1

 

11. ANS:  A                    PTS:   1

 

12. ANS:  C                    PTS:   1

 

13. ANS:  B                    PTS:   1

 

Chapter 4 Shareholder Theory and Stakeholder Theory

Ethics in the Workplace 3e

 

TRUE/FALSE

 

1. A fundamental question in business ethics is, What is the purpose of a corporation supposed to be?

 

ANS:  T                    PTS:   1

 

2. Corporations are owned by stakeholders.

 

ANS:  F                    PTS:   1

 

3. Unless you have investments, the stock market has little impact on your life.

 

ANS:  F                    PTS:   1

 

4. Until the early 1950s, corporations were legally required to follow the shareholder model.

 

ANS:  T                    PTS:   1

 

5. Corporations are legally required to “do good deeds.”

 

ANS:  F                    PTS:   1

 

6. Milton Friedman argued that since stockholders have invested money in a company, their interests should be given preference over those of others.

 

ANS:  T                    PTS:   1

 

7. A company’s stakeholders include its stockholders.

 

ANS:  T                    PTS:   1

 

8. A CEO who believes the company should maximize profits at all costs is following the stakeholder model.

 

ANS:  F                    PTS:   1

 

9. In a true ethical dilemma, a company considers an action that will not increase the stockholders’ return in any certain or measurable way.

 

ANS:  T                    PTS:   1

 

10. Many Fortune 500 companies practice the stakeholder model.

 

ANS:  T                    PTS:   1

 

MULTIPLE CHOICE

 

1. Paying dividends reflects the _____ viewpoint.

a.	shareholder	c.	indirect stakeholder
b.	direct stakeholder	d.	philanthropy

 

 

ANS:  A                    PTS:   1

 

2. After World War II, laws were revised so that U.S. corporations could

a.	increase their profits.
b.	get more business.
c.	play a larger role in society.
d.	favor their owners.

 

 

ANS:  C                    PTS:   1

 

3. New Start Pictures is a small, independent film company. Which is a direct stakeholder in the company?

a.	its creative director
b.	the production staff
c.	the company that distributes its movies
d.	all of the above

 

 

ANS:  D                    PTS:   1

 

4. Which is not an example of an indirect stakeholder?

a.	a community
b.	society
c.	the environment
d.	All of the above are indirect stakeholders.

 

 

ANS:  A                    PTS:   1

 

5. An example of corporate philanthropy is

a.	increasing the wages of lower-level employees.
b.	increasing the salaries of upper-level management.
c.	sponsoring a local theater company.
d.	all of the above

 

 

ANS:  C                    PTS:   1

 

6. Milton Friedman was an advocate of

a.	the stakeholder model.	c.	corporate philanthropy.
b.	the shareholder model.	d.	economics.

 

 

ANS:  B                    PTS:   1

 

7. In the 1919 lawsuit discussed in the chapter, the Dodge Brothers were

a.	customers.
b.	stockholders.
c.	corporate owners.
d.	representatives of a charitable organization.

 

 

ANS:  B                    PTS:   1

 

MATCHING

 

Match each key term or concept with a definition.

a.	distributor	e.	stakeholder model
b.	philanthropy	f.	stock
c.	profit maximization	g.	supplier
d.	shareholder model	h.	turnover

 

 

1. The theory that a company has ethical responsibilities to many people affected by the decisions and actions of the business

 

2. A business that sells a product manufactured by others to retailers

 

3. Efforts to improve the well-being of others through charitable donations

 

4. A business that provides a service or commodity that other businesses require

 

5. The number of employees a business must hire to replace workers who have left the company

 

6. A business practice that favors increasing shareholder wealth over all other objectives

 

7. The theory that a company’s only obligation is to try to make as much money as possible for its investors and owners

 

8. A financial instrument sold to raise capital for a corporation

 

1. ANS:  E                    PTS:   1

 

2. ANS:  A                    PTS:   1

 

3. ANS:  B                    PTS:   1

 

4. ANS:  G                    PTS:   1

 

5. ANS:  H                    PTS:   1

 

6. ANS:  C                    PTS:   1

 

7. ANS:  D                    PTS:   1

 

8. ANS:  F                    PTS:   1