Question 1

"We all don't share the same ethics" fails to consider common values that do exist in business.

Accepted Answer

While there may be differences in ethics among individuals and cultures, there are still commonly accepted values in business such as honesty, integrity, and respect for others.

Question 2

Hank Greenberg was ousted from his position as CEO of AIG.

Accepted Answer

Hank Greenberg was forced to resign as CEO of AIG in 2005 due to a scandal involving accounting irregularities.

Question 3

Part of a credo includes a list of lines you would never cross to be successful.

Accepted Answer

A credo typically includes a list of guiding principles or values, including lines that one would not cross in order to achieve success.

Question 4

Locke and Rawls develop their ethical theory on the basis of a tabula rasa.

Accepted Answer

Both Locke and Rawls base their ethical theories on the concept of a tabula rasa, or a blank slate, which means that individuals are born without any innate characteristics or tendencies, and their development is shaped by their experiences and environment. This concept is essential to their ideas of social contract and the notion of justice as fairness.

Question 5

"It's a gray area," is an example of ethical analysis.

Accepted Answer

"It's a gray area," refers to a situation that is not clearly right or wrong, or where the rules are not clear, rather than an analysis of ethical principles.

Question 6

Locke and Rawls are contractarians.

Accepted Answer

Both Locke and Rawls are contractarians, meaning they believe in the social contract theory that individuals agree to give up some of their natural rights in exchange for protection and security from the government or society.

Question 7

Kant and Rand do not agree on the importance of self-interest in ethical theory.

Accepted Answer

Kant believed that ethical actions should be guided by the moral law, and that self-interest should not be a factor in ethical decision-making. Rand, on the other hand, believed that ethical egoism, or acting in one's self-interest, is the foundation of ethical theory.

Question 8

Robert Solomon is a proponent of virtue ethics.

Accepted Answer

Robert Solomon is a renowned philosopher who is known for his work in virtue ethics.

Question 9

Kant is part of the utilitarian school of thought on ethics.

Accepted Answer

Kant is not part of the utilitarian school of thought on ethics. He is known for his deontological ethics, which is based on duty, morality, and rationality rather than consequences.

Question 10

Hank Greenberg's ability to find a way around rules was evident from his conduct as a soldier in London.

Accepted Answer

Hank Greenberg, a former baseball player, was stationed in London during World War II and found a way to play baseball despite rules prohibiting it.

Question 11

Third-trimester abortions would be supported under a Rights Theory.

Accepted Answer

Rights Theory, also known as Kantianism or Deontological Ethics, emphasizes that individuals have inherent rights that must be respected. Therefore, if a woman has a right to control her own body, then she should be allowed to have a third-trimester abortion if she chooses to do so, regardless of the potential harm to the fetus.

Question 12

Robert Nozick is the leading thinker for utilitarianism.

Accepted Answer

Robert Nozick is actually a leading thinker for libertarianism, not utilitarianism.

Question 13

Laura Nash provides tools for examining how a company got into an ethical dilemma.

Accepted Answer

Laura Nash is a Harvard Business School professor who developed a framework for examining how a company got into an ethical dilemma. She provides tools for diagnosing ethical problems and creating solutions.

Question 14

A credo consists of how you define yourself by job title and income.

Accepted Answer

A credo is a set of beliefs or values that guide a person's actions and decisions, not a definition of oneself based on job title and income.

Question 15

Ethical egoism is selfishness.

Accepted Answer

Ethical egoism is a philosophical view that considers actions to be moral if they promote one's own self-interest, but it does not necessarily advocate for selfishness without regard for others. It differs from mere selfishness by proposing that acting in one's self-interest can be ethical and does not inherently involve harming others.

Question 16

The Rights Theory is generally associated with Plato and Aristotle.

Accepted Answer

The Rights Theory is more commonly associated with modern philosophers like John Locke and Immanuel Kant, rather than ancient philosophers like Plato and Aristotle, who focused on virtue ethics and the idea of the good life.

Question 17

Kant would label paying lower wages in developing countries than the wages paid in developed economies as unethical.

Accepted Answer

The answer of Kant would label paying lower wages in...

Question 18

An ethical breach is not necessarily a violation of the law.

Accepted Answer

Ethics involve values, principles, and moral standards that guide behavior, but they are not always codified into law. Therefore, it is possible for someone to act unethically without breaking any laws.

Question 19

Self-interest is the same as selfishness.

Accepted Answer

Self-interest refers to actions or decisions made for one's own benefit or advantage, while selfishness implies disregard for the interests or well-being of others. Self-interest can be a legitimate and ethical motivation, while selfishness is generally considered to be negative or immoral.

Question 20

Unwritten rules of conduct are part of our normative standards.

Accepted Answer

Unwritten rules of conduct refer to the social norms and expectations that are not explicitly stated but are still widely understood and adhered to by members of a society. As such, they are a part of our normative standards.

Quiz 1: Ethical Theory, Philosophical Foundations, Our Reasoning Flaws, and Types of Ethical Dilemma