Business and Ethics Quiz

• Monopolistic competition is NOT what it is called when there are many sellers and many buyers.
• It is referred to as perfect competition when there are many sellers and buyers.
• Deceptive advertising can misrepresent a product's nature by using deceptive mock-ups.
• Other forms of deceptive advertising: using untrue paid testimonials, inserting "guarantee" where nothing is guaranteed, or quoting misleading prices.
• Deceptive advertising may also fail to disclose defects in a product, disparage a competitor misleadingly, or simulate well-known brand names.
• Moral reasoning judges actions or policies in accordance with or violation of moral standards.
• Eco-feminists see the domination of women by men as the key hierarchy correlated to environmental destruction.
• In 1817, David Ricardo proposed the theory of comparative advantage.
• The Club of Rome consists of scientists, economists, businesspeople, international civil servants, and politicians from the five continents,
• Deforestation has contributed one third of the atmospheric build-up of CO2 over the past 150 years.
• In a command economy, the government makes all decisions about production and distribution.
• A principle is moral if it's acceptable to a group of rational, self-interested people, knowing they'll live under it themselves.
• Virtue ethics is an alternative to moral principles.
• A monopoly firm is discouraged from reducing costs, hindering motivation to find less costly production methods.
• Water pollution comes from agriculture, mines, oil wells, human wastes, manufacturing, detergents, and the food industry.
• Preservation is the only way of ensuring a supply for tomorrow's generations.
• The debate about the rights of future generations is centered on how present generations should hold the responsibility for nature conservation for future generations.
• The benefits of pollution control should flow to those who bear the external costs of pollution.
• The relationship between a business and its customers is contractual, and moral duties to the customer are created by this contract.
• Thomas Klein summarized the procedures for cost-benefit analysis.
• Modern corporations consist of stockholders, employees and directors.
• It is not true that ethical reasoning must have moral development.
• Mujeeb doesn't confess, but Imran does results in the worst outcome for Mujeeb in the Prisoner's Dilemma.
• Kant is a supporter of Categorical Imperative.
• Compensatory justice is exemplified if Sameer must pay damages for destroying Sajjid's property or injuring him.
• A manager facing a female friend stealing from the company, and the question of if she should turn her in, is an example of conflict between caring and justice.
• The moral judgement approach used if someone's actions will affect the welfare and freedom of specifiable individuals are rights.
• Slavery would be legal in a system that is a pure free market system.
• The concept of free markets based on utilitarian argument was defended by Adam Smith.
• Capitalism is an economic system where production means are privately owned, operated for profit.
• Karl Marx is the economist with most the harshest and most influential critics of private properties.
• Perfect competition is NOT a moral outcome of perfectly competitive markets.
• The definition of tying arrangement is: when a company sells a buyer certain goods only on condition that the buyer also purchases other goods from the firm
• Chicken Delight sells franchise licenses only if the person agrees to purchase cookers, fryers, etc: this is tying arrangement.
• Pollution is defined as the undesirable and unintended environmental contamination caused by the manufacture or use of commodities.
• The public policy view that advocates of breaking up large firms into smaller units is the anti-trust view.
• Environmental ethics studies the moral relationship of human beings to the environment and its non-human contents.
• Social cost is a cost that manufacturers typically don't bear.
• The environmental ethic is not based on a basis that the environment protects for the sake of human beings.
• The ecological ethic (or deep ecology) maintains that the environment should be maintained for its own sake.
• To internalize external costs of production is the principal Utilitarian remedy for pollution.
• Internalizing costs is consistent within the utilitarian way in order to deal with pollution.
• Thomas Klein summarized the procedure for cost and benefit analysis.
• The social audit is argued to be: to solve ecological problems, we must first change the destructive modes of thinking.
• The description providing a model with tools for navigating the client/caregiver relationship and preventing ethical misconduct is social ecology.
• The only way of ensuring a supply for tomorrow's generations is conservation.
• The world cannot be protected at the sake of human beings, due to believers in ecological ethics.
• Nonhuman parts of the environment should be perserved for its own sake.
• The due care theory assumes that the manufacturer can discover the entire risk associated with using a product.
• Advertising is wasteful is NOT a valid criticism on the ethics of advertising.
• Multiple pricing is the practice that is NOT considered deceptive or manipulative marketing practices, EXCEPT.
• In America, it's estimated that 400 people die each year due to lighter explosions.
• Product Safety is the degree of risk related with using a product.
• It is NOT a duty to produce healthy products.
• "See what happens to minorities as a group" is the only way to identify if a process is fair or discriminatory.
• Morality is NOT a statement which presents the firm's view on ethics.
• Ethical issues in marking mixes includes any issue around a product.
• The Affluent Society is the book by John Kenneth Galbraith.
• K. Galbraith argued that advertising is manipulative, creating desires in consumers for absorbing industrial output.
• Investment in men is a proposed program with a publicly funded education program aimed at ordinary citizens.
• Marketers shouldn't exploit the credulity of lack of knowledge/experience of consumers, it is to be honest.
• Discrimination is distinguishing illicitly not on merit, but on prejudicial attitude.
• The primary function of advertising is to sell products to prospective buyers.
• It makes freedom of choice impossible to perform with misrepresentation.
• Refers to the potential conflict between managements and shareholders-it is typically from an agency problem.
• Post-conventional is when one shifts to judgements belonging to the group a person relates to.
• Intrinsic goods are things that are desired for their own sake.
• One should only focus on what makes one feel happy, and not care about others, is justice.
• Not included in the covered with with rights is with "the authority to lead."
• The principle of equal opportunity holds that all public offices and employment should be made available to everyone.
• The statement "theory of redistributive" that holds that justice is in no regards to it or in support.
• When not describing a virtue, one should try to not be multidimensional within themselves..
• That Adam Smith, he presented the theory of absolute advantage.
• The best way approach to household demand for any goods or service is government.
• Natural price is how a commodity covers the cost including the profit within similar other markets.
• Negative right of freedom from coercion is a perfect embodiment to free markets
• To internalize the external costs of production is the principal Utilitarian remedy for pollution.
• Environmental injustice states not everyone gets benefits or is the bearing of any cost with any new pollution. -William Blackstone thinks there should be a fundamental Human Right.
• Conservation is rationed to saving of national resources.
• External cost are there at many benefits, but not free market, as well.
• Not a problem with utility maximization when few are good at estimating.
• For the well being of an ecological ethic, it does not protect people for saving others. Non parts of the world environment still should try preserved to not have humans.
• If the markets haven't achieved the maximum profits.
• Contract views do hold, but what business could not have those be created. Unrealistic contracts, while just trying to concentrate. Advertising's criticism is not on other ethics. One person can know a bit more before saying something wrong before they lie over an Ad. In certain markets when there is heavy price pressure..monopoly seems to excel more. All personal choices will affect the choices of others. Product must still be the expected lead to expect and still function as it does. For reliability. If product is being still managed under the right operator. There will be a heavy increase in quality for all parts of production. The law on what happens without no fault, makes the manufacturer cost more strict. Conduct can be marketed and referred to be for " Good". Effect ad campaigns do make brands more loyal. Some companies will try hard to get the most loyalty when they are down at the dumps. Social has it comes down to the way a company isn't meant to be set on there own for everything. The way it states how people can do things and see it properly is great. There are no benefits a person is in debt or should've not been doing things right. The goal or socialist view. If it is from certain needs everyone should be in the right process. The free market is on more better and utility? Its about people trying to get their job right/done. What is is not being said by it self to begin with.. EPA stand for The U.S. Enviromental protection Agency The way we try reaching conclusion is all it will ever boil down to. To each has the ability to follow their owns needs, it still about what and how everyone should strive for. Some of the way pollution cost the reason they make what they get. Family and friends has high reason why. One strong version, states that there is only seller care.. Utilitarian is best described in simple with what's best for people. If we should ask if why or not, it always depends. Only should be those whom have been in more pain them you.. Those whom the only people who can tell it like it is and give it what you get it. People try to make people to get more benefits for some. Its always about something, that most people can't afford..like a house. One is able to give way of acting of there own, as long as they aren't affecting much.. The way is always clear and will always be. What seems fit for a well run society? Depends one who you are. They way others can view you. Those whom have it or have been. Are the best to understand these people? All markets are known well only because of who you know. No one should over abuse over other people it sounds like Is all over and around with the amount of it has been going though,

Question and Answers

• Perfect competition is the term for when many sellers and buyers coexist. When there are many sellers and many buyers
• Deceptive advertising misrepresents a product by using deceptive mock-ups, untrue testimonials, misleading prices, or disparaging competitors.
• Eco-feminists link environmental destruction to the domination of women by men.
• Ricardo's Comparative Advantage: In 1817, David Ricardo reasoned about comparative advantage.
• A command system decides what to produce, for whom, and who gets the production.
• A principle moral If it would be acceptable to a group of rational, self interested persons who know they will live under it themselves.
• Virtue Ethics serves as an Alternative to Moral Principles.
• Preservation helps ensure supply for tomorrow's generations.
• Relationship of business and consumers is essentially contractual
• Modern corporations are comprised of stockholders, employees, and directors.
• Moral reasoning is the only basis for a correct argument for ethical reasoning.
• The least effective thing to say to one self when trying act towards the issue, and one will not try to do anything as well.
• All people deserve the chance to understand what is all around.
• How we all take care when we make things proper.
• What ever is going on is most like it would be.
• Environmental injustice describes the external cost as having no activity for those to take on any pollution or harm.
• Utilitarian must have those same goals and should be a perfect view.
• Conservation is a saving ratio.
• Unrealistic contracts, while just trying to concentrate are not good.
• The right choice is the main, and can't be changed.
• Social problems still need to be understood.
• Honesty is hard and cant' go down under.
• K. Galbraith argues advertising is manipulative, creating desires in consumers for absorbing industrial output.
• Kant, can't always be the way as seen in others point of view.
• Both and and that is who is working towards people being properly set up
• With the end result is one should follow through what is right or what is good.
• Free choice, which are in two with with everyone.
• Is one that they made a mistake that should never be in there life.
• Always try to live with one goals so we can be like each other.
• All that can help make the market, all need to take in count.
• The best one out of the all to always have some love in their eyes to have that care.
• That pollution affects people so they should help for those in need.
• Kant: He can speak for most as well for many and you can tell by the ones who have it hard or proper.
• That always should have a good role model to show people to be ethical.
• To have some care in mind always.
• Those whom might get treated with a nice amount respect when they are hurt for any case.
• Everyone should be to be proper and always have the best, as we strive to always be like each other.
• Have great reasons to those people.
• Free from ever being forced.
• Should ask yourself if something is happening, there is right and wrong.
• Having those great reasons for every one.
• The market cannot be good at times depending on some variables.
• Everyone needs to have respect and be saved as humans.
• It takes for a lot for everything to show how important it is to show how that the planet still gets disrespected.
• Always show case more heart for every one to always make a change around the world.
• To have some care in mind always.