Question 1

Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.

Accepted Answer

Business ethics often involve value conflicts where there is no objectively correct answer, and different actors may have differing views on what is right or wrong.

Question 2

Which of the following statements regarding morality and ethics are correct?
1) Morality is concerned with norms, values and beliefs embedded in social processes
2) Ethics define what is right and wrong for an individual or community
3) Morality is concerned with the study of ethics and the application of reason to elucidate specific rules and principles
4) Ethical theories are the codification of rules and principles

Accepted Answer

A

Question 3

Which of the three following factors characterise public sector organisations engagement with ethical issues?

Accepted Answer

Public sector organisations typically have a formal organisational structure, are accountable to the general public, and often focus on managing conflicts of interest to maintain public trust and integrity.

Question 4

The following sentence describes the relationship between morality, ethics and ethical theory. Fill in the missing word. Ethics rationalizes morality to produce ethical _______ that can be applied to any situation.

Accepted Answer

The answer of The following sentence describes the relationship between...

Question 5

An information and mobile technology company might call itself ethical because it... Please select all that apply.

Accepted Answer

All these practices contribute to ethical behavior by ensuring fairness, protecting vulnerable groups, supporting social causes, and reducing environmental impact.

Question 6

Match the different types of organization with their different approaches to managing ethics.
-Large corporation

Accepted Answer

Large corporations often adopt a formal, public-relations and/or systems-based approach to managing ethics to ensure compliance and maintain a positive public image.

Question 7

Match the different types of organization with their different approaches to managing ethics.
-Small business

Accepted Answer

Small businesses often rely on informal, trust-based approaches to managing ethics due to their smaller size and closer relationships among employees.

Question 8

Match the different types of organization with their different approaches to managing ethics.
-Civil society organization

Accepted Answer

Civil society organizations often manage ethics through informal, values-based approaches, focusing on shared values and community engagement rather than formal systems or bureaucratic processes.

Question 9

Match the different types of organization with their different approaches to managing ethics.
-Public sector organization

Accepted Answer

Public sector organizations typically use a formal, bureaucratic approach to managing ethics, focusing on rules, regulations, and procedures to ensure ethical compliance.

Question 10

According to Crane et al, globalization as defined in terms of the deterritorialization of economic activities is particularly relevant for business ethics, and this is evident in three areas - culture, law, and ______________.

Accepted Answer

The answer of According to Crane et al, globalization as...

Question 11

There are clear regional differences in business ethics. Read the following statements carefully and decide which of the following is correct.

Accepted Answer

The answer of There are clear regional differences in business...

Question 12

Which of the following statements regarding stakeholder management approaches are incorrect?
1)North American corporations tend to be smaller than their European counterparts and focus more on multiple stakeholders
2)European, African and Asian models of capitalism tend to not be so dominated by shareholder value maximization compared to the North American approach
3)North American companies and often managed by large executive and supervisory boards
4)The Calvinist-Protestant religious tradition in Europe led to the rise of a distinctly different capitalist economic system.

Accepted Answer

Statement 1 is incorrect because North American corporations tend to be larger and focus more on shareholder value rather than multiple stakeholders. Statement 3 is incorrect because North American companies are typically managed by smaller boards compared to European companies. Statement 4 is incorrect because the Calvinist-Protestant tradition influenced capitalism in North America, not Europe.

Question 13

Crane et al point out that inequality has become a major concern. Which is not a commonly discussed way in which firms may be part of the solution?

Accepted Answer

Donating profits is not a commonly discussed or practical solution for firms to address inequality, as it is not sustainable or aligned with business interests. Other options focus on systemic changes and cooperation with regulations.

Question 14

The key issue in the social perspective on sustainability is that of social justice.

Accepted Answer

Social justice is central to the social perspective on sustainability as it addresses equitable distribution of resources and opportunities, ensuring that all individuals and communities have fair access to the benefits of sustainable development.

Question 15

The collective action problem where multiple firms chase elusive advantage in exploiting employees, degrading the environment, and pressuring developing countries to weaken regulation and lower tax rates is often called _______.

Accepted Answer

The "race to the bottom" refers to a situation where companies and countries compete to lower standards, such as labor, environmental, and tax regulations, to attract or retain business, often leading to negative consequences.

Question 16

The on-going integration of political, social and economic interactions at the transnational level, regardless of physical proximity or distance, is often called _______.

Accepted Answer

The answer of The on-going integration of political, social and...

Question 17

Match the different regions to their approach towards business ethics
-North America

Accepted Answer

North America typically has a loose institutional framework for business ethics, with corporations often being the key actors in driving ethical practices.

Question 18

Match the different regions to their approach towards business ethics
-Europe

Accepted Answer

Europe is characterized by a dense network of regulation where governments, trade unions, and corporate associations play a significant role in shaping business ethics.

Question 19

Match the different regions to their approach towards business ethics
-Latin America

Accepted Answer

The answer of Match the different regions to their approach...

Question 20

What of the following does the term of sustainability typically denote? Please select all that apply.

Accepted Answer

Sustainability typically involves maintaining systems over time (A), ensuring resources are available for future generations (B), and balancing economic, environmental, and social goals (D). It does not prioritize environmental needs over human needs exclusively (C).

Quiz 1: Introducing Business

Which of the three following factors characterise public sector organisations engagement with ethical issues?

The following sentence describes the relationship between morality, ethics and ethical theory. Fill in the missing word. Ethics rationalizes morality to produce ethical _______ that can be applied to any situation.

An information and mobile technology company might call itself ethical because it... Please select all that apply.

Match the different types of organization with their different approaches to managing ethics. -Large corporation

Match the different types of organization with their different approaches to managing ethics. -Small business

Match the different types of organization with their different approaches to managing ethics. -Civil society organization

Match the different types of organization with their different approaches to managing ethics. -Public sector organization