Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Business Ethics: Moral Principles in Business Settings

12 Questions

0 Views

Business Ethics: Moral Principles in Business Settings

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What do ethics generally refer to?

Economic theories and models

Moral principles and values applied to social behavior (correct)

Moral laws and regulations

Business strategies and plans

What percentage of Mylan's operating profits did EpiPen's annual revenue account for by 2015?

40% (correct)

30%

50%

20%

What is the primary concern in determining business ethics?

Application of moral principles (correct)

Maximizing profits

Compliance with the law

Satisfying shareholder demands

What was the primary reason for Mylan's price increase of EpiPens from $100 to $600, assuming it was legal?

To increase profits Signup and view all the answers

What is the 'moral minimum' in business ethics?

Compliance with the law Signup and view all the answers

What is the main concern in the 'Front Page Article' dilemma?

Ethical implications of the action Signup and view all the answers

From the perspective of agency theory, what is the primary focus of corporate governance?

Protecting shareholder interests Signup and view all the answers

Why did the mid-sized U.S. company outsource its accounting functions to a company in India?

To reduce labor costs Signup and view all the answers

According to Milton Friedman, what is the primary social responsibility of a firm?

To maximize shareholder value and profit Signup and view all the answers

What is the primary consequence of executives prioritizing social concerns over profit maximization, according to Friedman?

Lost efficiency and harm to owners, customers, and labor Signup and view all the answers

What is the primary purpose of an EpiPen?

To stop acute allergic reactions Signup and view all the answers

What was the result of aligning the interests of top executives with shareholders in the U.S.?

An increase in executive stock-based compensation Signup and view all the answers