Ethics Midterm
MSB 605: ETHICS IN THE GLOBAL MARKETPLACE: SPRING 2015 REVIEW
Touro College: Midterm: March 2015 CHAPTER 1
1) In business ethics, there is no right and wrong, everything is relative. T or F 2)According to the text morality is the standard that an individual’s or a group has about what is
RIGHT and WRONG or
GOOD
and EVIL (P.8) 3) Name six characteristics of moral standards (P.12)
Moral standards include the norms we have about the kinds of actions we believe are morally right or wrong, as well as the values we place on what is believe is morally good or bad
6 characteristics
: 1. Involve serious wrongs or significant benefits, 2.Should be preferred to other values,
3. Not established by Authority Figures, 4. Felt to be Universal, 5. Based on Impartial Considerations, &
6. Associated with special emotions or vocabulary
4)Define ethics (P.13)
1.The study of morality ethicists use the term ethics to refer primarily to the study of morality 2. The principles of conduct governing an individual group
5) Define Business ethics (P.15)
Business ethics is a specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organizations, and behavior
6) According to the text business ethics is a study of? (P.15)
Business ethics is a study of moral standards and how these apply to the social systems and organizations through which modern societies produce and distribute goods and services, and to the activities of the people who work within these organizations. Business ethics is a study of applied ethics, it not only includes the analysis of moral norms and moral values but tried to apply the conclusions of this analysis to the assortment of institutions, organizations, and activities that we call business.
7) Ethical qualities are attributed only to individuals but not to corporations FALSE (P.17)
8) Which of the following is incorrect? Moral reasoning should be (a) Logical
Touro College: Midterm: March 2015 CHAPTER 1
1) In business ethics, there is no right and wrong, everything is relative. T or F 2)According to the text morality is the standard that an individual’s or a group has about what is
RIGHT and WRONG or
GOOD
and EVIL (P.8) 3) Name six characteristics of moral standards (P.12)
Moral standards include the norms we have about the kinds of actions we believe are morally right or wrong, as well as the values we place on what is believe is morally good or bad
6 characteristics
: 1. Involve serious wrongs or significant benefits, 2.Should be preferred to other values,
3. Not established by Authority Figures, 4. Felt to be Universal, 5. Based on Impartial Considerations, &
6. Associated with special emotions or vocabulary
4)Define ethics (P.13)
1.The study of morality ethicists use the term ethics to refer primarily to the study of morality 2. The principles of conduct governing an individual group
5) Define Business ethics (P.15)
Business ethics is a specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organizations, and behavior
6) According to the text business ethics is a study of? (P.15)
Business ethics is a study of moral standards and how these apply to the social systems and organizations through which modern societies produce and distribute goods and services, and to the activities of the people who work within these organizations. Business ethics is a study of applied ethics, it not only includes the analysis of moral norms and moral values but tried to apply the conclusions of this analysis to the assortment of institutions, organizations, and activities that we call business.
7) Ethical qualities are attributed only to individuals but not to corporations FALSE (P.17)
8) Which of the following is incorrect? Moral reasoning should be (a) Logical