Midterm 2

A  Work in pairs or groups to study and review material

B  Write your own test questions

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

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

A  Highlighting

B  Flashcards

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

D  Skimming the material starting from the back of the chapter

A  Previewing the material

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

C  Writing down questions you want the reading material to answer

D  Paraphrasing the reading material as you go

A  Monitoring

B  Self-assessing

C  Regulating

D  Goal-setting

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

A  these kinds of cases are exceedingly rare today

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

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

D  300 women filed similar complaints against Morgan Stanley

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

B  discrimination blindness

C  differences in form of address

D  workplace dangers

A  the “glass cliff”

B  ”dual burdens”

C  the “glass ceiling”

D  the “mommy track”

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

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  advocated by Mary Woolstonecraft

A  it goes against the traditional male view of classical philosophy

B  there is no apparent independent criterion of right and wrong

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

D  it embraces the idea of interdependent relationships

A  women earn only 75% of men’s wages

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  6 million women joining the workforce during World War II

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

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

C  it could have been prevented

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

A  was the result of failures in corporate governance

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  the financial crisis was unavoidable

A  ecologically friendly cosmetics

B  low employee wages

C  employed thousands

D  expanded internationally with willing customers and competitive prices

A  their hearings are closed to the public

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  it is an unelected and undemocratic transnational authority

A  the race to the bottom

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

C  industrial pollution “blows away” into other nations

D  makes business more efficient and leads to greater worldwide prosperity

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

B  is a liberal (libertarian) market approach

C  believes boosting fair competition will result in greater worldwide prosperity

D  is protectionistic of national economies

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

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

C  it is used to mitigate business cycles

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

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

B  Russia making territorial claims on the Arctic

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

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

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

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

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  the invisible hand

C  shortages and pollution for future generations

D  landfills and depleting resources

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  encourages consumption of finite resources

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

C  functions without government influence or modification

D  has a profound influence over our everyday lives

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

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

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

D  ethical theory is implemented within a wider context

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

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

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

D  capitalism sometimes needs to be monitored and corrected

A  evaluates actions as part of a continuing personal history

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

C  requires role models

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

A  virtues are the same in any particular context

B  virtues are not just learned in the classroom

C  virtues moderate or balance our feelings

D  intellectual virtues make someone clever but not necessarily good

A  learned from role models

B  a teleological system

C  the aim is eudaimonia

D  concerned with duty to do what is right

A  Edward Freeman

B  W.D. Ross

C  Immanuel Kant

D  Norman Bowie

A  Edward Freeman’s view of “stakeholder theory”

B  Norman Bowie’s views of what is meaningful work

C  the traditional view of capitalism

D  Kantian capitalism

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

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

C  moral actions are based upon our feelings

D  moral laws apply categorically in all circumstances

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

B  determining moral action does not rely on outside evidence

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

D  motives are of utmost importance in assessing morality

A  supererogation

B  it may pose a threat to minority groups

C  the problem of how to calculate future welfare

D  utility is not always fair

A  ”sour grapes” syndrome

B  the problem of how to calculate future welfare

C  supererogation

D  partiality

A  the many factors we have to consider

B  the similarity between legal and moral responsibility

C  the difficulty in analyzing ethical issues in business

D  the many stakeholders and their incompatible interests

A  corporations are required to have a published mission statement

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

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

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

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

D  a life worth living comes from cooperative endeavors

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  objectivists

C  absolutists

D  those who believe moral truths apply throughout space and time

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  intrinsic morality

B  benign self-interest

C  instrumental morality

D  prudence

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

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

C  role morality

D  having a baseline of moral decency consistent throughout our lives

A  utilitarianism

B  normative ethics

C  metaethics

D  virtue ethics

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

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

C  it helps us make quick moral business decisions

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