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Multiple Choice Quiz
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1
The quest to maximize profitability should be constrained by:
A)unethical obligations.
B)lack of social responsibility.
C)stakeholders.
D)ethical obligations.
2
The process by which companies identify the most important stakeholders is called:
A)stakeholder importance evaluation.
B)stakeholder impact analysis.
C)shareholder impact evaluation.
D)shareholder analysis.
3
If shareholders sell off their shares because they are not pleased with management decisions, which of the following is the most likely result?
A)Nothing adverse will happen.
B)Key employees will certainly leave.
C)Revenues will fall.
D)The cost of capital will rise.
4
Accepted principles of right or wrong governing the conduct of businesspeople are called:
A)business values.
B)business ethics.
C)business principles.
D)business conduct.
5
__________ behavior tends to arise when mangers decide to put the attainment of their own personal goals, or the goals of the organization, above the fundamental rights of one or more stakeholder groups.
A)Unethical
B)Confusing
C)Complementary
D)Situational
6
The main difference between utilitarianism and rights theories is:
A)utilitarianism establishes a minimum level of morally acceptable behavior, whereas rights theories emphasize the greatest good for the greatest number.
B)utilitarianism focuses on attaining a fair and equitable distribution of economic goods and services, whereas rights theories emphasize the greatest good for the greatest number.
C)utilitarianism holds that the moral worth of actions or practices is determined by their consequences, whereas rights theories recognize that human beings have fundamental rights and privileges.
D)utilitarianism holds that the moral worth of actions or practices is determined by their consequences, whereas rights theories focus on attaining a fair and equitable distribution of economic goods and services.
7
Which of the following actions will likely lead to organizational ethical behavior?
A)promoting moral courage
B)establishing an ethics office
C)developing strong governance processes
D)all of the above
8
Which of the following is one of the questions that can be used to determine whether a decision is ethical?
A)Does my decision fall within the accepted values or standards that typically apply in the organizational environment?
B)Would the people with whom I have a significant personal relationship approve of the decision?
C)Am I willing to see the decision communicated to all stakeholders affected by it?
D)All of the above are questions that can be used to determine whether a decision is ethical.
9
Strong corporate governance procedures are needed to ensure that:
A)stock prices remain high.
B)managers carry out business unit plans.
C)managers adhere to ethical norms.
D)all of the above occur.
10
Socially responsible behavior:
A)never leads to improved financial performance.
B)has adverse impact on stakeholders.
C)is in a firm's self-interest.
D)results in ill-will from the community.





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