Ethics and Managerial Ethics Quiz
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Questions and Answers

Which branch of philosophy focuses on moral issues such as what is good and bad, right and wrong?

  • Logic
  • Ethics (correct)
  • Epistemology
  • Metaphysics
  • What is the study of morality and standards of business conduct called?

  • Moral rights ethics
  • Utilitarian ethics
  • Justice ethics
  • Managerial ethics (correct)
  • What is the term used to describe the choice between two competing but arguably valid options?

  • Ethical lapse
  • Moral rights approach
  • Ethical dilemma (correct)
  • Utilitarian approach
  • What is the term used to describe decisions that are contrary to an individual's stated beliefs and policies of the firm?

    <p>Ethical lapse</p> Signup and view all the answers

    How did Nike respond to the sweatshop labor controversy?

    <p>Offered microloans to workers</p> Signup and view all the answers

    What did Nike do to address overseas working conditions?

    <p>Formed Fair Labor Association</p> Signup and view all the answers

    Which approach to ethical decision-making focuses on the consequences of an action?

    <p>Utilitarian</p> Signup and view all the answers

    Which component of moral intensity refers to the physical, psychological, and emotional closeness the decision maker feels to those affected by the decision?

    <p>Proximity</p> Signup and view all the answers

    What does the component of moral intensity called 'temporal immediacy' refer to?

    <p>The interval between the time the action occurs and the onset of its consequences</p> Signup and view all the answers

    Which component of moral intensity refers to the extent to which people agree that an act is either good or bad?

    <p>Social consensus</p> Signup and view all the answers

    Which perspective looks to maximize profits for the owners of the business?

    <p>Efficiency Perspective</p> Signup and view all the answers

    Who are stakeholders?

    <p>Individuals or groups impacted by or interested in each business decision or project</p> Signup and view all the answers

    What is the purpose of a code of ethical conduct?

    <p>To outline acceptable and unacceptable behavior</p> Signup and view all the answers

    What is the main effect of corruption on countries and companies?

    <p>Financial and social damage</p> Signup and view all the answers

    What does the Foreign Corrupt Practices Act (FCPA) prohibit?

    <p>Firms from paying money to people suspected of bribing public officials</p> Signup and view all the answers

    What is the difference between bribery and facilitating payments?

    <p>Bribery involves collusion and breach of trust, while facilitating payments expedite routine governmental actions</p> Signup and view all the answers

    What are the ways in which companies can promote ethical conduct?

    <p>Communication, training, reward, and recognition</p> Signup and view all the answers

    Which response to pressures for social responsibility involves fighting against efforts to restrict or regulate activities and profit-making potential?

    <p>Defenders</p> Signup and view all the answers

    What is the purpose of whistleblowing statutes?

    <p>To allow employees to disclose illegal or unethical conduct</p> Signup and view all the answers

    What is the concentration of effect in the context of business decisions?

    <p>The extent to which consequences are focused on a few individuals or dispersed across many</p> Signup and view all the answers

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