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

D  Write your own test questions

A  Flashcards

B  Highlighting

C  Coffee

D  Outlining

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

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

C  Skimming the material starting from the back of the chapter

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

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

B  Paraphrasing the reading material as you go

C  Writing down questions you want the reading material to answer

D  Previewing the material

A  Monitoring

B  Regulating

C  Goal-setting

D  Self-assessing

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

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

C  Bloom’s taxonomy is a hierarchy of learning levels

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

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

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

C  these kinds of cases are exceedingly rare today

D  300 women filed similar complaints against Morgan Stanley

A  workplace dangers

B  discrimination blindness

C  differences in form of address

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

A  the “glass ceiling”

B  the “mommy track”

C  ”dual burdens”

D  the “glass cliff”

A  advocated by Mary Woolstonecraft

B  accepts the notion of gender based dichotomies

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

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  it goes against the traditional male view of classical philosophy

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

D  it embraces the idea of interdependent relationships

A  6 million women joining the workforce during World War II

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

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

D  women earn only 75% of men’s wages

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

B  it could have been prevented

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

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 combination of excessive borrowing, risky investments and a lack of transparency

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

D  was the result of failures in corporate governance

A  low employee wages

B  ecologically friendly cosmetics

C  employed thousands

D  expanded internationally with willing customers and competitive prices

A  it is an unelected and undemocratic transnational authority

B  their hearings are closed to the public

C  nations do not have to abide by its rulings

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

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

B  the race to the bottom

C  industrial pollution “blows away” into other nations

D  makes business more efficient and leads to greater worldwide prosperity

A  is a liberal (libertarian) market approach

B  is protectionistic of national economies

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 is used to mitigate business cycles

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

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

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

B  Russia making territorial claims on the Arctic

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

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

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

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

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

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

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 a profound influence over our everyday lives

B  functions without government influence or modification

C  encourages consumption of finite resources

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

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

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

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

D  ethical theory is implemented within a wider context

A  capitalism sometimes needs to be monitored and corrected

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

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

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

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

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

C  requires role models

D  evaluates actions as part of a continuing personal history

A  virtues are the same in any particular context

B  virtues moderate or balance our feelings

C  virtues are not just learned in the classroom

D  intellectual virtues make someone clever but not necessarily good

A  concerned with duty to do what is right

B  a teleological system

C  the aim is eudaimonia

D  learned from role models

A  Edward Freeman

B  W.D. Ross

C  Norman Bowie

D  Immanuel Kant

A  Edward Freeman’s view of “stakeholder theory”

B  the traditional view of capitalism

C  Norman Bowie’s views of what is meaningful work

D  Kantian capitalism

A  moral laws apply categorically in all circumstances

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

C  moral actions are based upon our feelings

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

A  determining moral action does not rely on outside evidence

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

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

D  motives are of utmost importance in assessing morality

A  supererogation

B  utility is not always fair

C  it may pose a threat to minority groups

D  the problem of how to calculate future welfare

A  the problem of how to calculate future welfare

B  ”sour grapes” syndrome

C  partiality

D  supererogation

A  the many stakeholders and their incompatible interests

B  the many factors we have to consider

C  the difficulty in analyzing ethical issues in business

D  the similarity between legal and moral responsibility

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

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

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

D  corporations are required to have a published mission statement

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

B  a life worth living comes from cooperative endeavors

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

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

A  right and wrong matter more than praise or blame

B  it is safer to be feared than to be loved

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

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

A  coherentists

B  absolutists

C  those who believe moral truths apply throughout space and time

D  objectivists

A  leads to a litigious society

B  breeds the belief that the other business party is predatory

C  advocated by economist Milton Friedman

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

A  instrumental morality

B  prudence

C  benign self-interest

D  intrinsic morality

A  having a baseline of moral decency consistent throughout our lives

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

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

D  role morality

A  metaethics

B  normative ethics

C  utilitarianism

D  virtue ethics

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

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

C  it helps us make quick moral business decisions

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