Midterm 2

A  Work in pairs or groups to study and review material

B  Attend class or watch video lectures and take notes by hand

C  Write your own test questions

D  Taking good notes and relying on the lecture material makes buying the book unnecessary

A  Highlighting

B  Coffee

C  Flashcards

D  Outlining

A  Page through the material looking at the section headings, bold print, and italicized words

B  If you are reading a novel read the first line of every paragraph

C  Look at charts, graphs, or pictures in the chapter

D  Skimming the material starting from the back of the chapter

A  Writing down questions you want the reading material to answer

B  Re-reading the material until you remember the key concepts

C  Paraphrasing the reading material as you go

D  Previewing the material

A  Regulating

B  Goal-setting

C  Self-assessing

D  Monitoring

A  Bloom’s taxonomy may be used to help us diagnose our level of learning

B  Bloom’s taxonomy is a hierarchy of learning levels

C  Bloom’s taxonomy is a way to help us understand our level of learning

D  Creating, evaluating, and analyzing are at the bottom of the Bloom pyramid

A  these kinds of cases are exceedingly rare today

B  300 women filed similar complaints against Morgan Stanley

C  in 1996 she filed a sexual discrimination complaint against Morgan Stanley with the Equal Employment Opportunities Commission

D  she settled her case four years later for $12 million

A  the reluctance of women to charge in cases of sexual harassment

B  workplace dangers

C  differences in form of address

D  discrimination blindness

A  the “glass ceiling”

B  ”dual burdens”

C  the “glass cliff”

D  the “mommy track”

A  advocated by Mary Woolstonecraft

B  suggests society and the workplace have systematically devalued women’s experience

C  accepts the notion of gender based dichotomies

D  suggests society and the workplace need to take more seriously the perspectives and experiences of women

A  there is no apparent independent criterion of right and wrong

B  leads to decisions based upon “rationality tinged with humane concern”

C  it goes against the traditional male view of classical philosophy

D  it embraces the idea of interdependent relationships

A  6 million women joining the workforce during World War II

B  women earn only 75% of men’s wages

C  the post-war economy proving greater employment opportunities for women

D  the rejection by many women of the role of being only mothers and homemakers

A  it could have been prevented

B  it undermined public faith in the energy industry, government regulators and our own capability to respond to this kind of crisis

C  to be allowed to drill on the outer continental shelf is a private right to be exercised

D  it can be traced to identifiable mistakes made by British Petroleum (BP), Halliburton, and Transocean

A  the financial crisis was unavoidable

B  was the result of a systematic breakdown in accountability and ethics

C  was the result of a combination of excessive borrowing, risky investments and a lack of transparency

D  was the result of failures in corporate governance

A  expanded internationally with willing customers and competitive prices

B  employed thousands

C  low employee wages

D  ecologically friendly cosmetics

A  it reflects the power and influence of its richer and more powerful nations

B  their hearings are closed to the public

C  nations do not have to abide by its rulings

D  it is an unelected and undemocratic transnational authority

A  the race to the bottom

B  industrial pollution “blows away” into other nations

C  borders are open for trade but closed to immigrants who want jobs

D  makes business more efficient and leads to greater worldwide prosperity

A  is protectionistic of national economies

B  is a liberal (libertarian) market approach

C  has accelerated since 1995 with the formation of the World Trade Organization (WTO)

D  believes boosting fair competition will result in greater worldwide prosperity

A  it is used to protect personal rights in the work place

B  it operates by means of regulations, taxation, and government spending

C  it is used to mitigate business cycles

D  it is encouraged by free market advocates like Ayn Rand and Robert Nozick

A  Destruction of Gulf of Mexico resources by BP’s Deep Water Gulf Oil Disaster

B  Ammon Bundy’s group occupation of the Malheur National Wildlife Refuge

C  Mylan Pharmaceutical’s unjustified inflation of Epi-Pen pricing

D  Russia making territorial claims on the Arctic

A  failing to fix a car’s oil leak choosing instead to transfer the cost of the environmental burden to the community

B  people living near a coal-fired power plant who must clean the power plant’s soot off their laundry

C  CocaCola, PepsiCo, and Cadbury-Schweppes control of 90% of the US soft drink market

D  producing sweatshop apparel where the costs for healthcare, unemployment and safety are borne by the employees and not the manufacturer

A  goods with built in obsolescence

B  landfills and depleting resources

C  shortages and pollution for future generations

D  the invisible hand

A  have no obligations to the society

B  have considerable social and economic power to shape public opinion and legislative policy

C  are run by executives who face a challenging ethical environment

D  are a result of the industrial revolution

A  has resulted in a high standard of living with affordable goods and services

B  functions without government influence or modification

C  has a profound influence over our everyday lives

D  encourages consumption of finite resources

A  ethical theory provides the basis “normative action” based upon outcomes, duties, and virtues

B  ethical theory provides an analytical framework for making decisions about what we should do

C  ethical theory is implemented within a wider context

D  ethical theory will provide an easy recipe for right action in every case

A  capitalism makes a good servant to human flourishing, but a poor master

B  capitalism left unchecked may lead to excessive, unreasonable, and/or harmful acts

C  capitalism sometimes needs to be monitored and corrected

D  Adam Smith advocated making merchants and manufacturers “rulers of mankind”

A  does not lend itself well to corporate statements and management literature

B  evaluates actions as part of a continuing personal history

C  requires role models

D  recognizes that actions take place within communities and must be judged in those terms

A  intellectual virtues make someone clever but not necessarily good

B  virtues are not just learned in the classroom

C  virtues moderate or balance our feelings

D  virtues are the same in any particular context

A  concerned with duty to do what is right

B  the aim is eudaimonia

C  a teleological system

D  learned from role models

A  Immanuel Kant

B  W.D. Ross

C  Norman Bowie

D  Edward Freeman

A  Kantian capitalism

B  the traditional view of capitalism

C  Norman Bowie’s views of what is meaningful work

D  Edward Freeman’s view of “stakeholder theory”

A  maxims can be tested by whether or not they are consistent

B  moral actions are based upon our feelings

C  moral action is imperative because we have no alternative to do otherwise

D  moral laws apply categorically in all circumstances

A  ethics is based on our ability to reason and our freedom of choice

B  the morality of an act is determined by the amount of good or evil it produces

C  motives are of utmost importance in assessing morality

D  determining moral action does not rely on outside evidence

A  the problem of how to calculate future welfare

B  supererogation

C  utility is not always fair

D  it may pose a threat to minority groups

A  ”sour grapes” syndrome

B  the problem of how to calculate future welfare

C  supererogation

D  partiality

A  the similarity between legal and moral responsibility

B  the many stakeholders and their incompatible interests

C  the many factors we have to consider

D  the difficulty in analyzing ethical issues in business

A  corporations are required to have a published mission statement

B  individual corporations can differ greatly in their goals and what they believe is appropriate behavior

C  a more outwardly directed mission statement recognizes the conflict between making a profit and meeting the needs of other stakeholders

D  a mission statement shows that a company may not be purely egoistic

A  it is always in our best interest to compete and dominate

B  a life worth living comes from cooperative endeavors

C  good and evil are names that signify our appetites and aversions

D  we tend to be more cooperative if we have to deal with the same people over and over

A  a leader has to promote his own interests above all others

B  a bold leader should acquire and use power for his personal advantage

C  it is safer to be feared than to be loved

D  right and wrong matter more than praise or blame

A  objectivists

B  coherentists

C  those who believe moral truths apply throughout space and time

D  absolutists

A  advocated by economist Milton Friedman

B  demonstrates that most of our business dealings are based on mistrust

C  breeds the belief that the other business party is predatory

D  leads to a litigious society

A  intrinsic morality

B  prudence

C  benign self-interest

D  instrumental morality

A  having a baseline of moral decency consistent throughout our lives

B  role morality

C  having a single set of ethical standards that apply throughout our life

D  making no distinction between different roles in our lives and what is moral behavior

A  metaethics

B  utilitarianism

C  virtue ethics

D  normative ethics

A  it helps us examine the arguments businesses use for their actions

B  it helps us make quick moral business decisions

C  it helps us understand the nature of business and make moral judgments

D  it helps us examine the fundamental assumptions and conceptual foundations of business