Chapter 1 Ethics In The World Of Business
1. In many cases, rules of business ethics can be determined by _______
A. economic requirements
B. company guidelines
C. applicable laws
D. rules of conduct that apply in everyday life
5 points
QUESTION 2
1. The economic character of business can be seen in its _______.
A. legal guidelines
B. personal aspects
C. ethical dimensions
D. trading characteristics
5 points
QUESTION 3
1. Organization in business is characterized mainly by its _______.
A. hierarchy B. profits C. rules D. products 5 points
QUESTION 4
1. Decision making in business occurs at various distinctive _______.
A. places B. objectives C. profits D. levels 5 points
QUESTION 5
1. It is possible for there to be unethical actions that are not _______.
A. harmful B. illegal C. avoidable D. wrong 5 points
QUESTION 6
1. Economic reasoning describes how we _______.
A. reason when pursuing our goals
B. prioritize our desires
C. ought to reason
D. would reason if we could have whatever we wanted
5 points
QUESTION 7
1. Adam Smith’s economic theory is based on which of the following assumptions?
A.
Free markets will fix their own ethical problems.
B.
Morality is not relevant to economic concerns.
C.
People want to promote each others’ interests.
D.
People will behave rationally as they pursue their interests.
5 points
QUESTION 8
1. What fact does the “ultimatum bargaining game” demonstrate?
A.
Many people would rather not trade than be treated unfairly.
B.
Free markets will usually self-regulate.
C.
It is often rational to price products below their market value.
D.
Many people do not understand economics.
5 points
QUESTION 9
1. The school of thought that says that law and ethics govern two different realms is wrong because _______.
A. anything that is legal is also ethical
B. anything that is illegal is also unethical
C. ethics applies to every field of life
D. the law governs every aspect of life
5 points
QUESTION 10
1. It is not ethically
A. economic requirements
B. company guidelines
C. applicable laws
D. rules of conduct that apply in everyday life
5 points
QUESTION 2
1. The economic character of business can be seen in its _______.
A. legal guidelines
B. personal aspects
C. ethical dimensions
D. trading characteristics
5 points
QUESTION 3
1. Organization in business is characterized mainly by its _______.
A. hierarchy B. profits C. rules D. products 5 points
QUESTION 4
1. Decision making in business occurs at various distinctive _______.
A. places B. objectives C. profits D. levels 5 points
QUESTION 5
1. It is possible for there to be unethical actions that are not _______.
A. harmful B. illegal C. avoidable D. wrong 5 points
QUESTION 6
1. Economic reasoning describes how we _______.
A. reason when pursuing our goals
B. prioritize our desires
C. ought to reason
D. would reason if we could have whatever we wanted
5 points
QUESTION 7
1. Adam Smith’s economic theory is based on which of the following assumptions?
A.
Free markets will fix their own ethical problems.
B.
Morality is not relevant to economic concerns.
C.
People want to promote each others’ interests.
D.
People will behave rationally as they pursue their interests.
5 points
QUESTION 8
1. What fact does the “ultimatum bargaining game” demonstrate?
A.
Many people would rather not trade than be treated unfairly.
B.
Free markets will usually self-regulate.
C.
It is often rational to price products below their market value.
D.
Many people do not understand economics.
5 points
QUESTION 9
1. The school of thought that says that law and ethics govern two different realms is wrong because _______.
A. anything that is legal is also ethical
B. anything that is illegal is also unethical
C. ethics applies to every field of life
D. the law governs every aspect of life
5 points
QUESTION 10
1. It is not ethically