Freud and Fraedrich illustrate two kinds of ethics programs, compliance and values-based.

Select one:
a. True

b. False

Integrity
is an internal system of principles which guide your behavior with intrinsic benefits.

Decisions taken within an organization may be made by individuals or groups, but whoever
makes the decisions will be affected by the culture of the company.

Select one:
a. True

b. False

Employees who do not work for an organization that requires a high standard of business
ethics in all aspects of operations tend to complete their job duties at a higher level and
stay loyal to that organization.

Select one:
a. False

b. True

Integrity is an obligation, not a choice.

Select one:
a. False

b. True

It is the shortsightedness of values.

Select one:
a. Inattentional blindness
b. Change blindness
c. No correct answer

d. Normative myopia
When the current management principles is not based on ethical practices and behavior,
leaders within an organization can instruct employees by example and guide them in
making decisions.

Select one:
a. True

b. False

There is a vital relationship between integrity and ethics.

Select one:
a. True

b. False

Ethical decision-making seeks to benefit the company as a whole, instead of allowin just one
individual gain from business decisions.

Select one:
a. True

b. False

It emphasizes that human beings have basic rights and liberties that cannot be taken away
by decision.

Select one:
a. Common Good
b. Rights Approach
c. Fairness or Justice Approach
d. Utilitarian Approach

e. Virtue Approach

Business ethics is an instrument organizations use to guarantee managers, directors, or

executive officers act responsibly in different business situations.

Select one:
 a. True

b. False
It is the applied ethics discipline that focuses on the moral aspects concerning business activity.
Business ethics

The essence of business ethics extends beyond employee loyalty and morale or the strength
of a leadership bond.

Select one:
a. True

b. False

It espouses that moral behavior generates the greatest good for the vast majority.

Select one:
a. Common Good Approach
b. Rights Approach
c. Fairness or Justice Approach
d. Utilitarian Approach

e. Virtue Approach

When the management team is leading a company in an ethical manner, their employees
follow suit.

Select one:
a. False

b. True

A person who always makes use of the Character Approach will likely be considered
dogmatic and hard to get along with.

Select one:
a. False

b. True
 Character is a common normative standard of conduct, holding that a specific decision or
action is good or true or right for all every time and everywhere.

Select one:
a. False

b. True

Business Code of Ethics defines acceptable behavior and promote high standards of
practice.

Select one:
a. True

b. False

It is a principle that seeks to do the most good and restrict the amount of harm for each
individual.

Utilitarian ethics

Employees make better decisions efficiently without a governing standard.

Select one:
a. False

b. True

It results from focusing on failures.

Select one:
a. Change blindness
b. No correct answer
c. Normative myopia

d. Inattentional blindness
Managers are accountable for the ethical conduct of those who report to them by making
sure employees are aware of the code of ethics of the organization and have the
opportunity to va;idate and clarify their understanding.

Select one:
a. False

b. True

The reputation of a business from other businesses, the community, and investors is
important in determining whether a company is a beneficial investment.

Select one:
a. False

b. True

An old approach to ethics is that ethical actions should not be consistent with certain virtues
that provide for the full development of humankind.

Select one:
a. Virtue Approach
b. Utilitarianism Approach
c. Rights Approach
d. Fairness or Justice Approach

e. Common Good Approach

It occurs when decision-makers fail to see gradual changes over time.

Select one:
a. Change blindness
b. Inattetional blindness
c. Normative myopia

d. No correct answer

What is the definition of ethics?

Select one:
a. Set of guidance laws
b. Set of moral principles
c. Telling the truth most of the time

d. Understanding right from wrong

Which statement/s are legitimate challenges to utilitarian ethical theory?

Select one:
a. It is difficult for the utilitarian to find balance between individual freedom and the overall
good. The more utilitarians emphasize freedom the more likely they hold more relativistic
accounts of the good.
b. All of the answers are correct
c. It is difficult to know how to consider the consequences for all the parties that will be
affected by an act.
d. The end may justify the means.
e. No correct answer

f. There is no consensus among utilitarians on how to measure and determine the overall
good.

As long as individuals follow the mores, customers, and rules of their culture or society, they
are assured that their actions are ethically correct.

Select one:
a. False

b. True

Because the language of ethics is so different from talk about operational fields of finance,
marketing, accounting, management, law, and human resources, ethical concepts and
categories are not relevant to these fields.

Select one:
a. False

b. True

According to philanthropic model of corporate social responsibility, the social responsibility

of business managers is to pursue profit with the law.
Select one:
a. True

b. False

The theory of virtue ethics focuses on a full and detailed description of those character traits
that would constitute a good and human life. Egoism is simply not a factor in the ethical
decision-making of caring, empathetic, charitable, and sympathetic persons.

Select one:
a. False

b. True

Which statement/s are characteristic of virtue ethics?

Select one:
a. No correct answer
b. Virtue ethics is about describing people as good or bad.
c. Even if a person is caring, empathetic, charitable, and sypathetic, the challenge of egoism
is still a factor in his decision-making.
d. Like Kantian ethical theory, virtue ethics requires that we disregard personal emotions
and feelings.
e. All of the answers are correct

f. Our character traits are easily modified, almost on a daily basis if we so choose.

Which of the following reasons accounts for the dominance of utilitarianism among policy
makers and administrators?

Select one:
a. Policy experts at all levels are focused on results and getting things done.
b. It seems obvious that policy questions should be judged by results
c. All of the answers are correct.
d. Efficiency is simply another word for maximizing happiness.
e. No correct answer

f. Policy experts focus on the collective or aggregate good.

Ethical character traits include integrity, honesty, and ustice.

Select one:
a. False

b. True

If something is seriously wrong, the law will prohibit it. Consequently, it is enough to rely on the
law for deciding what is right or wrong.
Select one:
a. False

b. True

What are ethical theories?

Select one:
a. Ethical theories are conduct that should be followed in order to have good ethical
practice.
b. Ethical theories give guidelines on how to achieve a good corporate image.
c. Ethical theories are ancient hypotheses on how to create good business practice.

d. Ethical theories are the rules and principles that determine right and wrong for any given
situation.

What are ethical theories?

Select one:
a. Ethical theories are conduct that should be followed in order to have good ethical
practice.
b. Ethical theories give guidelines on how to achieve a good corporate image.
c. Ethical theories are ancient hypotheses on how to create good business practice.

d. Ethical theories are the rules and principles that determine right and wrong for any
given situation.

The philanthropic model in which business support for a social cause is done simply
because it is the right thing to do differs from the reputational version only in terms of the
underlying motivation.
Select one:
a. False

b. True

A corporate director who bought that company stock when he knew it was about to jump
up in price committed fraud by buying it while not disclosing his inside information.

Select one:
a. False

b. True
What people do value and what they should value are not necessarily the same.

Select one:
a. True

b. False

Which of the following statements is decisive in determining whether or not to study

business ethics?

Select one:
a. The answers to ethical questions are clear-cut enough; all business people already know
right from wrong.
b. Business managers do not need to study ethics in order to know how to treat employees,
shareowners, and customers.
c. Business and ethics simply do not mix. In the final analysis, self-interest represented by
profit overrides the interests of employees, customers, and communities.

d. Ethical concerns are as unavoidable in business as are concerns of marketing,

accounting, finance, and human resources. Formal study of business ethics helps
address these concers so that decisions od right and wrong may be made deliberately
and conscientiously.

Should a gas station owner be allowed to charge Pgp10 more per liter, if this store is the
only store with gas?

Select one:
a. No, this is dishonest business practice.
b. It depends what kind of neighborhood he is in.
c. It depends; if he really needs the money.

d. Yes, this is honest business practice.