Question 1

Which of the following is not true of values at the individual level?

Accepted Answer

Values at the individual level are generally stable and enduring, meaning they do not vary significantly over time. This makes option D incorrect as it suggests the opposite.

Question 2

An organization's value system is referred to as its

Accepted Answer

An organization's value system is referred to as its culture, which encompasses the beliefs, norms, attitudes, and behaviors shared by members of the organization.

Question 3

The two general types of values that provide a foundation for an individual's sense of ethics are

Accepted Answer

The two general types of values that provide a foundation for an individual's sense of ethics are instrumental and terminal values. Instrumental values are modes of behavior (how we achieve our goals), while terminal values are end goals or outcomes that we work towards.

Question 4

__________ values describe desirable standards of conduct or methods for attaining an end. __________ values describe desirable ends or goals for the individual and reflect what a person is ultimately striving to achieve.

Accepted Answer

Instrumental values refer to preferable modes of behavior or means of achieving one’s terminal values. Terminal values, on the other hand, signify the goals that a person aims to achieve in life, essentially what is considered most important or the ultimate end goals.

Question 5

Ambition, courage, honesty, and imagination are examples of __________ values.

Accepted Answer

Instrumental values are those that are means to an end, such as ambition, courage, honesty, and imagination, which guide behavior and decision-making.

Question 6

Achieving a college education could be considered a(n)

Accepted Answer

The answer of Achieving a college education could be considered...

Question 7

Airlines generally have generous travel benefits. Choosing to work for an airline in order to live a lifestyle which includes a lot of travel is an example of

Accepted Answer

Terminal values are the end goals or desired outcomes that individuals strive to achieve, such as a lifestyle that includes a lot of travel.

Question 8

Means oriented values is another way of referring to

Accepted Answer

Means oriented values refer to instrumental values, which are centered on the methods or behaviors used to achieve end goals, unlike terminal values that focus on the end goals themselves.

Question 9

Having a comfortable life, family security, self-respect, and a sense of accomplishment are examples of __________ values.

Accepted Answer

Terminal values refer to desirable end-states of existence; the goals that a person would like to achieve during his or her lifetime, such as a comfortable life, family security, self-respect, and a sense of accomplishment.

Question 10

End-oriented values are also referred to as

Accepted Answer

End-oriented values are referred to as terminal values because they reflect the goals that individuals strive to achieve in their lives, representing the end states of existence that are considered inherently desirable.

Question 11

Suppose you take a job as a stockbroker with the idea in mind that stockbrokers make a lot of money. If making a lot of money is important to you, money is one of your __________ values.

Accepted Answer

Terminal values refer to the end goals or objectives that a person aims to achieve in life, such as happiness, success, or in this case, making a lot of money. These values represent the ultimate goals that guide a person's behavior and decision-making.

Question 12

Suppose you take a job as a Peace Corps volunteer because helping people who are disadvantaged is important to you. If this were the case, the opportunity to help disadvantaged people is one of your __________ values.

Accepted Answer

Terminal values refer to desirable end-states of existence; the goals a person would like to achieve during their lifetime, such as helping disadvantaged people.

Question 13

After graduating from high school, Nancy Turner joined the U.S. Navy because she wanted to see the world and serve her country. Nancy's reasons for joining the Navy are an expression of her __________ values.

Accepted Answer

Terminal values refer to desirable end-states of existence or goals that a person aims to achieve in their life, such as seeing the world and serving one's country. These values guide a person's behavior and decision-making towards achieving these ultimate goals.

Question 14

The application of general ethical rules to business behavior is referred to as

Accepted Answer

Business ethics refers to the application of general ethical principles and standards to the actions and decisions of businesses and their personnel.

Question 15

According to your text, which of the following statements regarding business ethics is not true?

Accepted Answer

The statement about 15 percent of American workers engaging in unethical behavior as a result of technology does not match the information provided. The other statements accurately reflect common views on business ethics, including the importance of ethical behavior in gaining public trust, treating employees well, protecting individuals within an organization, and adhering to societal standards of honesty.

Question 16

According to our textbook, the rise in unethical behavior can be blamed on

Accepted Answer

The textbook attributes the rise in unethical behavior to the emphasis on materialism and economic and competitive pressures, which can lead individuals to prioritize success over ethical considerations.

Question 17

A situation in which a person must decide whether or not to do something that, although beneficial to oneself or the organization or both, may be considered unethical is called a/an

Accepted Answer

An ethical dilemma occurs when a person faces a decision about what to do in a situation that, while potentially beneficial, involves a choice between options that could be considered unethical.

Question 18

Brandon has been sent to a third world country to build a new manufacturing plant for his company. Shortly after arriving, he realizes that in order to get the necessary permission to build, he will have to bribe some officials. It also appears that he will need to bribe others during the building process in order for everything to go smoothly. Brandon knows that it is illegal to commit bribery in the United States but he also know that it will be very difficult to got the factory built without payoffs to officials of this country. Brandon is experiencing

Accepted Answer

Brandon is facing an ethical dilemma because he must choose between engaging in illegal activities (bribery) to facilitate his work or adhering to legal and ethical standards that may hinder his project's progress.

Question 19

Suppose that you own a small manufacturing firm in a competitive industry and your profitability has been suffering. As a result of participating in a trade show, you get a call from a firm in a European country. The person on the other end of the phone tells you that his company is interested in purchasing $500,000 of your product (and maybe more in a month or two). You are ecstatic, because this is the type of order you need to return your firm to profitability. Before you hang up the phone, however, the person on the other end tells you that in his country, it is customary to pay $5,000 in cash to the purchasing agent who "gets you the order. Immediately, you recognize this as a bribe-if you pay the purchasing agent $5,000 in cash, you'll get the $500,000 order. This situation is best described as a/an

Accepted Answer

This situation is an ethical dilemma because it involves a choice between adhering to moral principles (not engaging in bribery) and achieving a beneficial outcome for the business (securing a large order).

Question 20

Which of the following approaches to business ethics is often referred to as a cost-benefit analysis because it compares the costs and benefits of a decision, policy, or an action?

Accepted Answer

The answer of Which of the following approaches to business...

Quiz 3: Social Responsibility and Ethics