Test Bank for Business Ethics Concepts and Cases, 8th Edition by Manuel Velasquez, All Chapters 1-8
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Course
Business Ethics Concepts and Cases, 8e Manuel
Institution
Business Ethics Concepts And Cases, 8e Manuel
Test Bank for Business Ethics Concepts and Cases, 8th Edition by Manuel Velasquez, All Chapters 1-8. Full Chapters include: 1. Ethics and Business
2. Ethical Principles in Business
3. The Business System: Government, Markets, and International Trade
4. Ethics in the Marketplace
5. Ethics and th...
Chapter 1 ALL CHAPTERS
Velasquez Test Bank
MULTIPLE CHOICE ANSWERS INCLUDED
1. Which of the following is one of the advantages of ethical decision-making as a long-term
business strategy?
M
a. Ethical behavior will increase short-term profits.
b. Ethical behavior will provide positive press opportunities.
E
c. Ethical behavior can ensure positive employee relationships.
d. Ethical behavior can provide significant competitive advantage.
D
Answer: D
C
Topic: The Nature of Business Ethics
Learning Objective: 1.1: Analyze the basic nature of business ethics
Skill Level: Understand the concepts
O
Difficulty Level: Moderate
N
2. Which of the following is defined as standards of what a group or individual feels is right or
wrong, or good or evil?
N
a. Morality
b. Ethics
O
c. Standards
d. Values
I
Answer: A
S
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
S
making in business ethics
Skill Level: Understand the concepts
E
Difficulty Level: Difficult
U
3. Which of the following best describes the criteria by which we judge manners and rules of
behavior?
R
a. Ethical norms
b. Moral norms
c. Nonmoral standards
d. Standard values
Answer: C
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
1
,Skill Level: Understand the concepts
Difficulty Level: Moderate
4. Which of the following can be described as an example of a moral standard?
a. Do not be late for a meeting.
b. Do not harm others.
c. Do not use a work computer for personal use.
d. Do not discuss pay issues with others.
M
Answer: B
E
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
D
making in business ethics
Skill Level: Apply what you know
Difficulty Level: Moderate
C
5. Which of the following best describes the basis for moral standards?
O
a. Moral standards are based on authority.
b. Moral standards deal with serious issues.
c.
d.
N
Moral standards are based on personal experiences.
Moral standards are based on personal beliefs.
N
Answer: B
Topic: Moral Reasoning and Moral Decision Making
O
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
I
Skill Level: Understand the concepts
S
Difficulty Level: Moderate
S
6. Which of the following best describes ethical standards?
a. Norms of behavior in a society
E
b. Laws that govern acceptable behavior
c. How reasonable moral standards are when applied to your life
U
d. Universal standards based on impartial rules
R
Answer: C
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
Skill Level: Analyze it
Difficulty Level: Moderate
7. Ethical issues about the economic, political, or legal aspects that a business operates under
are referred to as issues.
a. corporate
b. individual
2
,c. governmental
d. systemic
Answer: D
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
Skill Level: Apply what you know
M
Difficulty Level: Moderate
E
8. Because companies intentionally engage in actions such as production and sales, some
people believe they should be held morally responsible for their decisions and actions. This view
D
considers companies as having to act as
a. moral agents.
b. machines.
C
c. individuals.
d. regulators.
O
Answer: A
Topic: Moral Reasoning and Moral Decision Making
N
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
N
making in business ethics
Skill Level: Analyze it
Difficulty Level: Easy
O
9. There have been several arguments against business ethics. Which argument best supports
I
the idea that when an organization makes money, it improves society, so business ethics are not
S
needed?
a. If it’s legal, it is ethical.
S
b. Profits benefit all.
c. The Loyal Agent states it.
E
d. Conflict is not unusual.
U
Answer: B
Topic: Moral Reasoning and Moral Decision Making
R
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
Skill Level: Analyze it
Difficulty Level: Easy
10. Which of the following best describes an organization’s obligations toward society?
a. Ethics
b. Morals
c. Values
d. Corporate social responsibility
3
, Answer: D
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
making in business ethics
Skill Level: Understand the concepts
Difficulty Level: Moderate
11. Which theory of corporate social responsibility says that an organization should be run with
M
the best interests of anyone who can benefit from the organization in mind?
a. Shareholder theory
E
b. Normative theory
c. Stakeholder theory
D
d. Law of Agency theory
Answer: C
C
Topic: Moral Reasoning and Moral Decision Making
Learning Objective: 1.2: Emphasize the importance of moral reasoning and moral decision-
O
making in business ethics
Skill Level: Understand the concepts
Difficulty Level: Moderate
N
N
12. With which area are many of the ethical issues related to information technology concerned?
a. Privacy
b. Costs
O
c. Accessibility
d. Biology
S I
Answer: A
Topic: Ethical Issues in International Business
S
Learning Objective: 1.3: Examine ethical issues arising from globalization and international
business connections and practices
E
Skill Level: Analyze it
Difficulty Level: Moderate
U
13. Technology now allows for the altering of cells in plants, humans, and animals in a process
R
called
a. genetic engineering.
b. nanotechnology.
c. biotechnology.
d. information engineering.
Answer: A
Topic: Ethical Issues in International Business
Learning Objective: 1.3: Examine ethical issues arising from globalization and international
business connections and practices
Skill Level: Apply what you know
4
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