Midterm 2

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

B  Work in pairs or groups to study and review material

C  Write your own test questions

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

A  Flashcards

B  Coffee

C  Outlining

D  Highlighting

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

B  Skimming the material starting from the back of the chapter

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

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

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

B  Writing down questions you want the reading material to answer

C  Paraphrasing the reading material as you go

D  Previewing the material

A  Monitoring

B  Self-assessing

C  Goal-setting

D  Regulating

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

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

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

D  Bloom’s taxonomy is a hierarchy of learning levels

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

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

C  these kinds of cases are exceedingly rare today

D  300 women filed similar complaints against Morgan Stanley

A  differences in form of address

B  discrimination blindness

C  workplace dangers

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

A  the “glass cliff”

B  the “mommy track”

C  the “glass ceiling”

D  ”dual burdens”

A  advocated by Mary Woolstonecraft

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

C  accepts the notion of gender based dichotomies

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

A  it goes against the traditional male view of classical philosophy

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

C  there is no apparent independent criterion of right and wrong

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  women earn only 75% of men’s wages

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

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

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

C  it could have been prevented

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  expanded internationally with willing customers and competitive prices

B  employed thousands

C  low employee wages

D  ecologically friendly cosmetics

A  it is an unelected and undemocratic transnational authority

B  nations do not have to abide by its rulings

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

D  their hearings are closed to the public

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

B  makes business more efficient and leads to greater worldwide prosperity

C  industrial pollution “blows away” into other nations

D  the race to the bottom

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

B  is protectionistic of national economies

C  is a liberal (libertarian) market approach

D  believes boosting fair competition will result in greater worldwide prosperity

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

B  it is used to mitigate business cycles

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

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

A  Russia making territorial claims on the Arctic

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

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

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

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

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

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

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

A  the invisible hand

B  landfills and depleting resources

C  goods with built in obsolescence

D  shortages and pollution for future generations

A  have no obligations to the society

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

C  are a result of the industrial revolution

D  are run by executives who face a challenging ethical environment

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

B  encourages consumption of finite resources

C  has a profound influence over our everyday lives

D  functions without government influence or modification

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

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

C  ethical theory is implemented within a wider context

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

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

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

C  capitalism sometimes needs to be monitored and corrected

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

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

B  requires role models

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

D  evaluates actions as part of a continuing personal history

A  virtues moderate or balance our feelings

B  virtues are not just learned in the classroom

C  virtues are the same in any particular context

D  intellectual virtues make someone clever but not necessarily good

A  a teleological system

B  learned from role models

C  the aim is eudaimonia

D  concerned with duty to do what is right

A  W.D. Ross

B  Edward Freeman

C  Immanuel Kant

D  Norman Bowie

A  Edward Freeman’s view of “stakeholder theory”

B  Kantian capitalism

C  the traditional view of capitalism

D  Norman Bowie’s views of what is meaningful work

A  moral actions are based upon our feelings

B  moral laws apply categorically in all circumstances

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

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

A  determining moral action does not rely on outside evidence

B  motives are of utmost importance in assessing morality

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

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

A  supererogation

B  the problem of how to calculate future welfare

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  partiality

D  supererogation

A  the many factors we have to consider

B  the difficulty in analyzing ethical issues in business

C  the similarity between legal and moral responsibility

D  the many stakeholders and their incompatible interests

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

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

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

D  corporations are required to have a published mission statement

A  a life worth living comes from cooperative endeavors

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

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

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

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

B  right and wrong matter more than praise or blame

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

D  it is safer to be feared than to be loved

A  coherentists

B  those who believe moral truths apply throughout space and time

C  objectivists

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  prudence

B  benign self-interest

C  instrumental morality

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  role morality

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

A  normative ethics

B  utilitarianism

C  metaethics

D  virtue ethics

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

B  it helps us make quick moral business decisions

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

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