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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. Cost benefit considerations would be most typical of what type of ethics?
Facilitating payment
Hard money
Utilitarianism (focus on considering the benefit & costs & if benefits are greater than costs then action is moral)
Stage 4 (people are motivated primarily by authority such as law)

2. What describes a type of conflict of interest where a broker owns securities & spreads rumors about them to make the price go up - then sells them before the price goes back down?
An attempt to apply moral & ethical principles to business actions
Pump & dump
A grease payment make things that would normally occur happen at a faster rate
Self reference criterion

3. What statement would be the most correct under a classical view of business?
Ensure worker safety
Stage 4 (people are motivated primarily by authority such as law)
Foreign Corrupt Practices Act
Government regulations are always detrimental because the economy is self-correcting

4. What is NOT a way in which business's are regulated?
Oil spill
Self reference criterion
All are ways businesses are regulated
Reputation

5. In what situation would an NDA NOT be used?
Pay raises
An NDA would be appropriate in all situations
Ethical egosim (states if it benefits the person then it is the right thing to do)
Donated to a candidates campaign

6. What statement is TRUE?
Hard money
The only ethical regulation s businesses follow are mandated by the government
Non-point source contributions
Taxes negatively impact efficient economic operations by driving a wedge between businesses & customers. However - they are often necessary

7. What are conflict diamonds?
Any program which seeks to reverse the effects of any form of discrimination
Diamonds which are sold with the purpose of funding insurrection or war.
All are correct guidelines
Product safety regulations - Import tariffs

8. What does NOT focus on increasing the ethical awareness of employees & strengthening the ethical culture of a workplace?
If a co. pays a low level official to ensure that their employees receive work visas more quickly than normal
Democratic leadership style
A maxim must be specific (should be generalized)
A person has the right to remove documents about themselves from government records

9. The president of the co must decide whethere to continue to sell textbooks that he knows have incorrect information in them or not. Considered from standpoint of Kantian ethics the president would most likely?
Monopolies
Discontinue the sale of the textbooks because as a general rule the practice is not unconditional
An attempt to apply moral & ethical principles to business actions
Statistical discrimination - Unintentional discrimination

10. What is NOT true of the WTO?
Education
Civil case (feel their rights have been violated)
Help developing countries stregthen their economics
The WTO is governed by a conference of Secretariats with one Secretariat from each country

11. What statement is TRUE?
Comparable worth
Taxes negatively impact efficient economic operations by driving a wedge between businesses & customers. However - they are often necessary
Equal Employment Opportunity Commission
Sustainable development emphasizes the development of new & innovative technologies to reduce the overuse of natural resources

12. A business practices underhanded accounting practices to raise stock prices & make money. Which type of ethics does this fall under?
Board of Directors
Product safety regulations - Import tariffs
Economical
All are stakeholders

13. If a resource is used at the same rate at which it can be replenished it is describes as?
Goodwill (good reputation makes co. worth more)
All were implicated in scandals (Enron - Coca-Cola - Tyco International)
Civil Rights Act of 1964
Environmental equilibrium

14. The EEOC investiges violations of the?
The considerations of large co about the well being of society when they make business decisions
An intermediary who investigates complaints against a group
Self reference criterion
Civil Rights Act of 1964

15. A cookie?
That management agrees to terms set forth by labor unions
Allows an orgin site to send information to a computers browser
An effective leader should be able to switch between transformational & transactional leadership styles.
All are examples of corporate espionage

16. What statement is TRUE?
A grease payment make things that would normally occur happen at a faster rate
Ad hoc (means for this)
Finding ways to eliminate the opportunities for employees to act unethically
Immanuel Kant

17. The term glass ceiling related to which employer-employee relations issue?
Post conventional (person is ruled by conscience instead of society)
A person has the right to remove documents about themselves from government records
Oil spill
Discrimination

18. Karen Silkwood is associated with?
Pre-conventional (main goal of a person is survival. justification of actions comes from understanding punishment & reward system)
Stage 2 people are concerned with obtaining rewards
Employers may use subjective considerations for hiring as long as they do not produce a discriminatory environment
Kerr-McGee (plutonium tampering)

19. In the case of Watson vs. Fort Worth Bank & Trust the court ruled?
Employers may use subjective considerations for hiring as long as they do not produce a discriminatory environment
Stage 2 people are concerned with obtaining rewards
Conflict diamonds
Consumer (gives customeres more room to manipulate or deceive the business)

20. What type of information is complied to answer a specific question?
Ad hoc (means for this)
Dumpster diving
Education
Allows foreign citizens to bring a citizen of the US to trial in the US

21. The Dukes vs. Walmart case involves which issue?
Sexual discrimination
KPCS (they work to reduce circulation of conflict diamonds)
Comparable worth
Immanuel Kant

22. If a person were to sue a co. for not fulfilling a contractual obligation it would be?
Conflict diamonds
Civil case (feel their rights have been violated)
Pure Food & Drug Act (in 1906 to force food producing industries to practice sanitation)
To ensure & protect public health & safety

23. What theory claims that ethical beliefs are determined by the society in which one lives?
Environmental equilibrium
Ethical relativism (no universal set of moral they are determined by the state & opinion in which one lives)
Philanthropic
Authoritative (leader makes decisions & tells employees what their responsibilities are)

24. The Tyco scandal is associated with which ACT?
It is messages sent electronicaly to a large # of people - it is unsolicited - It can be send through mail - instant messaging - blogs - & other electronic methods
All are correct guidelines
Sarbanes-Oxley Act
Pay raises

25. How many days of notice does the WARN Act require employers to give employees?
Discontinue the sale of the textbooks because as a general rule the practice is not unconditional
They can only sell stock amounting to a 10 M value at a time
60 days
Act utilitarianism (called maximizing utility)

26. Why did Supreme Court rule in favor of Walmart in the case of Dukes vs Walmart?
Because Dukes could not proves all women employees faced discrimination practices
Ethical relativism (no universal set of moral they are determined by the state & opinion in which one lives)
Government regulations are always detrimental because the economy is self-correcting
A grease payment make things that would normally occur happen at a faster rate

27. What type of responsibility is the LEAST regulated?
Dumpster diving
Philanthropic
Regulate how a co should manage certain processes that pollute the environment
Outsourcing is often criticized however it can have many economic benefits because it allows companies to produce at a lower cost.

28. Corporate citizenship?
The considerations of large co about the well being of society when they make business decisions
Philanthropic
Fidiciary
Regulate how a co should manage certain processes that pollute the environment

29. 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?
Hard money
Comparable worth
Consumer (gives customeres more room to manipulate or deceive the business)
Ethical egosim (states if it benefits the person then it is the right thing to do)

30. The Alien Tort Claims Act?
Hard money
Statistical discrimination - Unintentional discrimination
Allows foreign citizens to bring a citizen of the US to trial in the US
Fidiciary

31. If a person owns a cupcake business & works in a cupcake factory - what type of conflict of interest is it considered?
It is unanimously agreed that there is a dire need for it in todays society
If workers were loyal - punctual - & had at least decently efficient they could expect to keep their jobs & perhaps even advance over time.
Outside employment where a person has 2 jobs which conflict with each other
Donating money to a humanitarian organizaiton for the purchase of blankets

32. What moral theory is NOT consequentialist?
Allows foreign citizens to bring a citizen of the US to trial in the US
A system of accountability - oversight - & control within the company
Kantian ethics (is deontological determines morality based on the morality of the action itself)
All are ways businesses are regulated

33. What statement is TRUE?
An effective leader should be able to switch between transformational & transactional leadership styles.
Finding ways to eliminate the opportunities for employees to act unethically
Lawyers
When a person or co. trades goods or services in place of money.

34. What term describes a moral theory which derives morality from actions?
Deontological ethics (claims the morality of an action is determined by the morality of the action itself regardless of the consequences)
NIMBY (not in my backyard)
Regulate how a co should manage certain processes that pollute the environment
Environmental equilibrium

35. What is NOT a rule for creating maxims under Kantian ethics?
Oil spill
Taxes negatively impact efficient economic operations by driving a wedge between businesses & customers. However - they are often necessary
A maxim must be specific (should be generalized)
Enquiring about off duty activities

36. A grease payment can also be called?
KPCS (they work to reduce circulation of conflict diamonds)
Facilitating payment
Stage 4 (people are motivated primarily by authority such as law)
Employers may use subjective considerations for hiring as long as they do not produce a discriminatory environment

37. What moral theory considers the action resulting in the greatest benefit to all people as the most moral action?
Utilitarianism (focus on considering the benefit & costs & if benefits are greater than costs then action is moral)
Act utilitarianism (called maximizing utility)
An effective leader should be able to switch between transformational & transactional leadership styles.
Education

38. What BEST describes the old social contract?
Restore stakeholder confidence in the securities market after a series of scandals in the early 2000s
If workers were loyal - punctual - & had at least decently efficient they could expect to keep their jobs & perhaps even advance over time.
Altruism (refers to placing the needs of another above oneself)
All are ways businesses are regulated

39. What of the following is TRUE?
Deontological ethics (claims the morality of an action is determined by the morality of the action itself regardless of the consequences)
Decide the benefits of releasing the software now outweight the costs - & present the product as finished
PACS are organized by SIGs (special interest groups)
Help developing countries stregthen their economics

40. An employee of a donut shop does not steal donuts because they are afraid they would get fired if they did. Which of Kohlbergs stages are they in?
Outsourcing is unanimously agreed to be a beneficial process.
Education
Stage 1 (person most concerned with avoiding punishment)
Diamonds which are sold with the purpose of funding insurrection or war.

41. What is NOT an example of an in kind contribution?
No - grease payments are not considered bribes & are therefore not illegal under the FCPA
Statistical discrimination - Unintentional discrimination
Donating money to a humanitarian organizaiton for the purchase of blankets
The primary factor in sexual harassment cases is the intent of the action

42. Which act makes it illegal for US citizens to participate in bribes?
Post conventional (person is ruled by conscience instead of society)
Foreign Corrupt Practices Act
Stage 4 (people are motivated primarily by authority such as law)
Consequentialism (considers the consequences of an action & the extent to which they benefit society in determining morality)

43. What did the Bipartisan Campaign Reform Act NOT do?
Reputation
The act did all
Economical
Sarbanes-Oxley Act

44. What situation would be considered moral under Kantian theory?
If a co. pays a low level official to ensure that their employees receive work visas more quickly than normal
Ethical relativism (no universal set of moral they are determined by the state & opinion in which one lives)
Telling the truth because you think it is the right thing to do
Patriot Act

45. What is NOT legally required in management relations with labor unions?
Philanthropic
That management agrees to terms set forth by labor unions
Radioactive products (threat to public safety)
Sexual harassment

46. What is NOT true of sexual harassment?
NIMBY (not in my backyard)
A system of accountability - oversight - & control within the company
Education
The primary factor in sexual harassment cases is the intent of the action

47. If people object to something being built near their homes it is referred to as?
NIMBY (not in my backyard)
When a lawyer withdraws legal representation for their client & notifies the proper authorities
The only ethical regulation s businesses follow are mandated by the government
All are ways businesses are regulated

48. What is NOT an agency responsible for protecting workers health?
KPCS (they work to reduce circulation of conflict diamonds)
All are related to government & business interactions
Facilitating payment
Taxes negatively impact efficient economic operations by driving a wedge between businesses & customers. However - they are often necessary

49. What is NOT true of NAFTA?
As part of NAFTA - Canada & US agree to help Mexico in trade matters
No - grease payments are not considered bribes & are therefore not illegal under the FCPA
Donated to a candidates campaign
Any program which seeks to reverse the effects of any form of discrimination

50. Protections for workers from workplace hazard are regulated & mandated by what agency?
Authoritative (leader makes decisions & tells employees what their responsibilities are)
OSHA
Civil Rights Act of 1964
Product - Place - Promotion - & Price