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| 1 | |
The guiding moral principles and values people use to analyze a situation and decide what is right and what is wrong are called _________. |
| | A) | ethics |
| | B) | belief |
| | C) | faith |
| | D) | integrity |
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| 2 | |
Of the following, which is not true regarding ethics? |
| | A) | Laws often change to reflect the ethics of society. |
| | B) | Ethics change over time. |
| | C) | The scandals associated with Tyco, Enron, and WorldCom reflect ethical dilemmas. |
| | D) | Ethics are fixed principles that do not change over time. |
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| 3 | |
__________ are people or groups of people who supply a company with its productive resources and thereby have an interest in how the company behaves. |
| | A) | Stockholders |
| | B) | Suppliers and distributors |
| | C) | Stakeholders |
| | D) | Managers |
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| 4 | |
All of the following are considered to be true about stockholders except ________. |
| | A) | Stockholders have a legal claim on a company because they own shares. |
| | B) | Stockholders always receive compensation in the form of additional shares of stock. |
| | C) | Stockholders are owners of the company from which they own shares. |
| | D) | Stock ownership affords the stockholders right to receive some of the company's profits. |
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| 5 | |
Of the following statements about salary levels received by top managers, which one is incorrect? |
| | A) | Salary levels of top managers can create an ethical dilemma. |
| | B) | Some consider the top managers of today to be a part of "the new aristocracy". |
| | C) | Some top managers within the United States in 2002 were earning as much as 2,600 times the pay provided to an average worker. |
| | D) | Salaries for top managers are always set by the Board of Directors. |
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| 6 | |
Of the following, which one is not an ethical rule or principle managers can use to analyze the effects of their business decisions on stakeholders? |
| | A) | The jeopardy rule |
| | B) | The moral rights rule |
| | C) | The practical rule |
| | D) | The utilitarian rule |
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| 7 | |
Which of the following statements is not true about societal ethics? |
| | A) | They govern how members of a society deal with one another in matters involving fairness, justice, poverty, and individual rights. |
| | B) | They originate from the society's laws, customs, and practices. |
| | C) | They are established by government. |
| | D) | They vary among societies. |
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| 8 | |
Of the following types of laws, which one is not associated with having a major impact on business commerce? |
| | A) | Consumer protection laws |
| | B) | General interest laws |
| | C) | Drivers' license laws |
| | D) | Environmental laws |
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| 9 | |
___________ laws were established to offer protection to buyers of products that would prevent those products from causing harm or injury? |
| | A) | Consumer safety |
| | B) | Environmental protection |
| | C) | General interest |
| | D) | Antitrust |
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| 10 | |
Laws governing _________ seek to create a level playing field for people in the job market. |
| | A) | commerce |
| | B) | occupations |
| | C) | diversity |
| | D) | employee health and safety |
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