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DSST Business Ethics And Society

Subject : dsst

Instructions:

Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.

1. A manager implements new safety procedures because they feel obligated to protect the safety of their employees. Which of Kolhbergs stages does this describe?
An intermediary who investigates complaints against a group
A manager must consider which group of stakeholders is the most important to please & then work towards developing positive long term relationships with that group
Stage 5 People act because they feel an obligation to society
Board of Directors

2. What is NOT an attempt at creating a universal ethical standard?
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)
Philanthropic
Universal Ethics Protocol organization
Illegal drugs (drugs are monitored by DEA)

3. What is NOT an unethical pricing strategy?
No - grease payments are not considered bribes & are therefore not illegal under the FCPA
Dumpster diving
Decide the benefits of releasing the software now outweight the costs - & present the product as finished
Price cancellation

4. A person helps an old lady across the street because they think that it is the right thing to do - & makes them feel useful & happy. Which of Kohlbergs stages are they in?
True statement teleological ethics an actions morality is determined based on its consequences. type of consequentialism.
Post conventional (person is ruled by conscience instead of society)
A person has the right to remove documents about themselves from government records
Authoritative (leader makes decisions & tells employees what their responsibilities are)

5. What is regulated by FDA?
Facilitating payment
Radioactive products (threat to public safety)
Nepotism (considering the interests of family ahead of what is best for the business)
Kantian ethics (is deontological determines morality based on the morality of the action itself)

6. A virus is?
A piece of code which spreads from computer to computer & can disrupt computer functions.
Stage 4 (people are motivated primarily by authority such as law)
Stage 1 (person most concerned with avoiding punishment)
Outside employment where a person has 2 jobs which conflict with each other

7. What is NOT an example of how corporate espionage can occur?
Stage 5 People act because they feel an obligation to society
All are examples of corporate espionage
Consequentialism (considers the consequences of an action & the extent to which they benefit society in determining morality)
Monopolies

8. Considered from an ethical standpoint - MNCs should?
Facilitating payment
A move toward equality among all races in issues related to environmental hazards
Conform to the highest standards in all businesses whether overseas or not
When a person or co. trades goods or services in place of money.

9. What is NOT a regulation for insiders trading stock?
Facilitating payment
Diamonds which are sold with the purpose of funding insurrection or war.
Any company that is caught bluffing in negotiations for government contracts is immediately brought under investigation by the SEC & those involved may face criminal charges.
They can only sell stock amounting to a 10 M value at a time

10. The intent of the Sarbanes-Oxley Act was to?
Restore stakeholder confidence in the securities market after a series of scandals in the early 2000s
Legal
Non-point source contributions
Ad hoc (means for this)

11. What are conflict diamonds?
An effective leader should be able to switch between transformational & transactional leadership styles.
The only ethical regulation s businesses follow are mandated by the government
Diamonds which are sold with the purpose of funding insurrection or war.
When a lawyer withdraws legal representation for their client & notifies the proper authorities

12. Fast food places do not pay their workers less than minimum wage because it is against the law. Which of Kohlbergs stages does this describe?
Employers may use subjective considerations for hiring as long as they do not produce a discriminatory environment
Non-renewal resources
Advertising which involves technically true claims which are misleading by nature.
Stage 4 (people are motivated primarily by authority such as law)

13. If a resource is used at the same rate at which it can be replenished it is describes as?
Environmental equilibrium
Pay raises
60 days
Act utilitarianism (called maximizing utility)

14. What statement is FALSE?
Random drug testing of employees is allowed in all cases
Pay raises
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)
Consequentialism (considers the consequences of an action & the extent to which they benefit society in determining morality)

15. What is NOT a form of marketing fraud?
Consequentialism (considers the consequences of an action & the extent to which they benefit society in determining morality)
Corporate intelligence involves legally gathering information about a co. & corporate espionage involves illegally gathering information about a co.
Prevent international trade crisis
Misstating financial statements

16. Utilitarianism is a type of?
Consequentialism (considers the consequences of an action & the extent to which they benefit society in determining morality)
Outside employment where a person has 2 jobs which conflict with each other
An NDA would be appropriate in all situations
Non-renewal resources

17. What statement is FALSE about merger between Delta Air Lines & Northwest Airlines in 2008?
Because Delta & Northwest are not the only airlines there is not way the merge could be considered anticompetitive
Universal Ethics Protocol organization
Stage 5 People act because they feel an obligation to society
Kantian ethics (is deontological determines morality based on the morality of the action itself)

18. Some people believe that women earn less than men because female held jobs have been historically devalued - & that women should be given equal pay for equal work. This belief called?
Goodwill (good reputation makes co. worth more)
Pay raises
Comparable worth
Ethics. Most people felt the program (which charged more for the middle class people) was highly unethical & would not support it.

19. What is NOT a legal way for employers to monitor employees?
Enquiring about off duty activities
A grease payment make things that would normally occur happen at a faster rate
Ethical relativism (no universal set of moral they are determined by the state & opinion in which one lives)
Hard money

20. What is NOT true of NAFTA?
Corporate intelligence involves legally gathering information about a co. & corporate espionage involves illegally gathering information about a co.
Product safety regulations - Import tariffs
Because Dukes could not proves all women employees faced discrimination practices
As part of NAFTA - Canada & US agree to help Mexico in trade matters

21. The perceived 'us' vs. 'them' mentality that emerges when doing business with different cultures is referred to?
Hard money
When a person or co. trades goods or services in place of money.
Prevent international trade crisis
Self reference criterion

22. In what situation would an NDA NOT be used?
An NDA would be appropriate in all situations
It requires employers to give workers notice before mass layoffs so that they can prepare
Radioactive products (threat to public safety)
Finding ways to eliminate the opportunities for employees to act unethically

23. What is the purpose of the WARN Act?
All are possible benefits
Meeting with senators - representative - staff members or other important people to persuade them to vote how you wish them to
It requires employers to give workers notice before mass layoffs so that they can prepare
The primary factor in sexual harassment cases is the intent of the action

24. What is NOT an agency responsible for protecting workers health?
Universal Ethics Protocol organization
KPCS (they work to reduce circulation of conflict diamonds)
The considerations of large co about the well being of society when they make business decisions
All would be addressed in an NDA

25. Hiring family members would be considered which type of conflict of interest?
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)
Nepotism (considering the interests of family ahead of what is best for the business)
NIMBY (not in my backyard)
Conflict diamonds

26. Fossil fuels are?
Post conventional (person is ruled by conscience instead of society)
Non-renewal resources
Universal Ethics Protocol organization
EEOC (has to do with employment in US)

27. What of the following is TRUE?
Nepotism (considering the interests of family ahead of what is best for the business)
NIMBY (not in my backyard)
PACS are organized by SIGs (special interest groups)
The WTO is governed by a conference of Secretariats with one Secretariat from each country

28. A child cleans their room so they will be allowed to go to a friends house. Which of Kohlbergs stages are they in?
Sustainable development emphasizes the development of new & innovative technologies to reduce the overuse of natural resources
Donating money to a humanitarian organizaiton for the purchase of blankets
Stage 4 (people are motivated primarily by authority such as law)
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)

29. What is NOT a way that government can influence businesses?
Advertising which involves technically true claims which are misleading by nature.
Education
Through PACS
All are stakeholders

30. What is NOT a rule for creating maxims under Kantian ethics?
Any company that is caught bluffing in negotiations for government contracts is immediately brought under investigation by the SEC & those involved may face criminal charges.
The considerations of large co about the well being of society when they make business decisions
A maxim must be specific (should be generalized)
A piece of code which spreads from computer to computer & can disrupt computer functions.

31. If a person owns a cupcake business & works in a cupcake factory - what type of conflict of interest is it considered?
The study of designing more comfortably or easily used equipment
OSHA
Outside employment where a person has 2 jobs which conflict with each other
All are examples of corporate espionage

32. What BEST describes affirmative action?
Facilitating payment
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)
Economical
Any program which seeks to reverse the effects of any form of discrimination

33. What is NOT true of the WTO?
The WTO is governed by a conference of Secretariats with one Secretariat from each country
The considerations of large co about the well being of society when they make business decisions
Universal Ethics Protocol organization
They can only sell stock amounting to a 10 M value at a time

34. What agency does not relate in some manner to international trade?
Post conventional (person is ruled by conscience instead of society)
Any program which seeks to reverse the effects of any form of discrimination
EEOC (has to do with employment in US)
As part of NAFTA - Canada & US agree to help Mexico in trade matters

35. What is NOT regulated by the FDA?
Illegal drugs (drugs are monitored by DEA)
All were implicated in scandals (Enron - Coca-Cola - Tyco International)
Reputation
Altruism (refers to placing the needs of another above oneself)

36. Noisy withdrawal is?
Stage 4 (people are motivated primarily by authority such as law)
Donating money to a humanitarian organizaiton for the purchase of blankets
When a lawyer withdraws legal representation for their client & notifies the proper authorities
Patriot Act

37. If a person were to sue a co. for not fulfilling a contractual obligation it would be?
Civil case (feel their rights have been violated)
Stage 5 People act because they feel an obligation to society
To ensure & protect public health & safety
Harris vs. Forklife Systems - Inc

38. What is NOT a right outlined in the Privacy Act of 1974?
Pump & dump
A person has the right to remove documents about themselves from government records
Nepotism (considering the interests of family ahead of what is best for the business)
Discrimination

39. The Tyco scandal is associated with which ACT?
When a person is in a position to exploit their power for their own benefit
The act did all
Sarbanes-Oxley Act
Outside employment where a person has 2 jobs which conflict with each other

40. What is more typical of a values oriented ethical program that a compliance oriented ethics program?
Employers may use subjective considerations for hiring as long as they do not produce a discriminatory environment
To lower greenhouse gas emissions
If a co. pays a low level official to ensure that their employees receive work visas more quickly than normal
A strong focus on developing core values

41. A person is given the opportunity to volunteer at local food bank. They consider the other things they could do with that time. Decide to do volunteer work. What type of ethical theory does their thought process & decision follow?
Product safety regulations - Import tariffs
Kerr-McGee (plutonium tampering)
Act utilitarianism
Deontological ethics (claims the morality of an action is determined by the morality of the action itself regardless of the consequences)

42. If people object to something being built near their homes it is referred to as?
Civil case (feel their rights have been violated)
Outsourcing is often criticized however it can have many economic benefits because it allows companies to produce at a lower cost.
Hard money
NIMBY (not in my backyard)

43. What did the Bipartisan Campaign Reform Act NOT do?
Consumer (gives customeres more room to manipulate or deceive the business)
The act did all
Foreign Corrupt Practices Act
Facilitating payment

44. Corporate citizenship?
Non-point source contributions
Education
Misstating financial statements
The considerations of large co about the well being of society when they make business decisions

45. Business ethics is?
An attempt to apply moral & ethical principles to business actions
It is unanimously agreed that there is a dire need for it in todays society
A maxim must be specific (should be generalized)
Stage 2 people are concerned with obtaining rewards

46. What would NOT be illegal under the Foreign Corrupt Practices Act?
Philanthropic
Board of Directors
Radioactive products (threat to public safety)
If a co. pays a low level official to ensure that their employees receive work visas more quickly than normal

47. A lawyer knows their client is guilty but defends them anyway. This falls under which type of ethics?
When a person or co. trades goods or services in place of money.
Legal
Through PACS
Any company that is caught bluffing in negotiations for government contracts is immediately brought under investigation by the SEC & those involved may face criminal charges.

48. An employer who posted a list of weekly resonsibilities for employees to fulfill would best be described by which leadership style?
Sarbanes-Oxley Act
Sets forth standards for management in relations with labor unions
Authoritative (leader makes decisions & tells employees what their responsibilities are)
Economical

49. What statement is TRUE?
An effective leader should be able to switch between transformational & transactional leadership styles.
Harris vs. Forklife Systems - Inc
Product - Place - Promotion - & Price
Regulate how a co should manage certain processes that pollute the environment

50. What types of contributions to a political campaign have donations limits imposed by law?
Hard money
Economical
Sexual harassment
Donating money to a humanitarian organizaiton for the purchase of blankets