Ethics and the Conduct of Business 8th Edition By Boatright - Test Bank

CHAPTER OBJECTIVES

1.1: Identify ethical issues created by diverse business situations and relationships and the

level of decision making required to address them

1.2: Recognize the role of ethics in the conduct of business, with respect to economic

principles and the law

1.3: Distinguish between ethical management and the management of ethics, and each of the

three main roles of a manager

1.4: Analyze how ethical business conduct is challenged by decision making on individual

and organizational levels

SUGGESTED DISCUSSION PROMPTS

1. What types of ethical concerns do decision-makers at the management level need to

take into account?

2. What types of ethical concerns do decision-makers at lower organizational levels

need to take into account?

3. How would you respond to someone who says that a business should always do

whatever is in its economic interests?

4. What is wrong with the thought that abiding by the law is all the ethics that a

businessperson needs to worry about?

5. How does specialized knowledge come into play in the management of ethics?

1

Copyright © 2017 Pearson Education, Inc. All rights reserved.BEST possible answer for each of the following.

ASSESSMENT FOR IN-CLASS USE

Multiple Choice Questions

Choose the 1. 2. 3. In many cases, rules of business ethics can be determined by _________ .

A. applicable laws

B. company guidelines

C. economic requirements

D. rules of conduct that apply in everyday life

Correct Answer: D

1.1: Identify ethical issues created by diverse business situations and relationships and

the level of decision making required to address them

Topic/Concept: Business Decision Making

Difficulty Level: Easy

Skill Level: Understanding

The economic character of business can be seen in its _________ .

A. trading characteristics

B. ethical dimensions

C. personal aspects

D. legal guidelines

Correct Answer: A

1.1: Identify ethical issues created by diverse business situations and relationships and

the level of decision making required to address them

Topic/Concept: Business Decision Making

Difficulty Level: Easy

Skill Level: Understanding

Organization in business is characterized mainly by its ________ .

A. rules

B. hierarchy

C. profits

D. products

Correct Answer: B

1.1: Identify ethical issues created by diverse business situations and relationships and

the level of decision making required to address them

Topic/Concept: Business Decision Making

2

Copyright © 2017 Pearson Education, Inc. All rights reserved.4. 5. 6. Difficulty Level: Easy

Skill Level: Understanding

Decision making in business occurs at various distinctive ________ .

A. places

B. levels

C. objectives

D. profits

Correct Answer: B

1.1: Identify ethical issues created by diverse business situations and relationships and

the level of decision making required to address them

Topic/Concept: Business Decision Making

Difficulty Level: Easy

Skill Level: Understanding

If a business manager decides to proceed with a course of action although the manager

has information that suggests the need to rethink the decision, the manager is being

influenced by

A. anchor heuristic

B. confirmation bias

C. sunk cost bias

D. adjustment heuristic

Correct Answer: C

1.4: Analyze how ethical business conduct is challenged by decision making on

individual and organizational levels

Topic/Concept: Ethics in Organizations

Difficulty Level: Moderate

Skill Level: Application

Economic reasoning describes how we _________.

A. ought to reason

B. prioritize our desires

C. reason when pursuing our goals

D. would reason if we could have whatever we wanted

Correct Answer: C

1.2: Recognize the role of ethics in the conduct of business, with respect to economic

principles and the law

Topic/Concept: Ethics, Economics, and Law

Difficulty Level: Easy

Skill Level: Understanding