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Multiple Choice Quiz
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1
Business ethics involves the application of ethics to the special problems and opportunities experienced by:
A)Government
B)Non-profit organizations
C)Businesspeople
D)All of the above
2
From the standpoint of business ethics, the legality of a business decision is the __________ standard that must be met.
A)Quintessential
B)Supplemental
C)Optimal
D)Minimum
3
Which of the following considerations is not included in the "WPH Framework" for business ethics?
A)Managerial decisions will affect particular groups of stakeholders in the operation of the firm.
B)Managerial decisions are made in pursuit of a particular purpose.
C)Managerial decisions are made in an attempt to circumvent the law.
D)Managerial decisions must meet the standards of action-oriented business behavior.
4
"Stakeholders" of a firm are ordinarily thought to include all of the following except:
A)Management
B)The general community where the firm operates
C)Legislators
D)Future generations
5
The value of __________ includes the ability to act without restriction from rules imposed by others, the right to possess the capacity or resources to act as one wishes, and the choice to escape the cares and demands of this world entirely.
A)Security
B)Freedom
C)Justice
D)Efficiency
6
The value of "security" includes all of the following except:
A)Access to a large enough supply of goods and services to meet your basic needs
B)Safety from those wishing to interfere with your property rights
C)Self-confidence to such an extent that risks are welcome
D)A citizen's willingness to compromise basic constitutional freedoms in return for government-provided security
7
Which of the following is a proper way to interpret "The Golden Rule?"
A)Impose punishment severe enough to "fit the crime"
B)Precious metals (such as gold) are always a preferable investment, as opposed to stocks and other financial securities
C)Do unto others as you would have them do unto you
D)"An eye for an eye, and a tooth for a tooth"
8
The "public disclosure" test is best described in which of the following ways?
A)Business decisions are best made in corporate boardrooms, "behind closed doors"
B)Public disclosure of trade secrets will eventually benefit a business from a financial standpoint
C)Public knowledge and interpretation of business practices is an optimal way to determine if the business is acting ethically
D)The media (including newspaper and television companies) have an obligation to carefully consider whether to reveal the controversial business practices of a corporation, due to the negative effect such a public disclosure would have on the corporation
9
The "universalization" test:
A)Asks us to consider what the world would be like if our decisions were "copied" by everyone else
B)Suggests that in terms of business decision-making, executives should adopt the standard that is universally recognized in their respective industries
C)Asks us to consider what the world would be like if business decision-makers were to adopt "common practices" in their respective industries
D)None of the above
10
The Corporate and Criminal Fraud Accountability Act is also known as the __________ Act.
A)Sarbanes-Feingold
B)Sarbanes-Oxley
C)McCain-Feingold
D)McCain-Oxley





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