https://uotp.mrooms.net/course/view.php?id=11078
1.Halfon and Friedman are in agreement on the social responsibility of a corporation.
a. True
b. False
2.When a company announces that an executive is "Leaving to spend more time with his family":
a.
It means that the executive is leaving to spend more time with his family.
b. It means that the executive is probably leaving for a different reason.
c. It means the executive is retiring.
d. It means that the executive has a health problem.
3.What happened to the Piper High School teacher, Ms. Pelton?
a.
Her decision was reversed
b. Both a and b
c. She quit her job
d. Both b and c
e. She was fired
4.Megyn Kelly, a Fox News Anchor, is interviewing a physician about the impact of Obamacare. The physician is a partner with Ms. Kelly's ex-husband.
a.
Ms. Kelly needs to disclose the relationship.
b. Ms. Kelly need not disclose the relationship because she is now divorced.
c. Ms. Kelly need not disclose the relationship unless she also interviews her ex-husband.
d. Ms. Kelly need not disclose the relationship because she is an anchor, not a reporter.
5.Labeling infertility surgery as “diagnostic surgery” in order to allow the patient to recover the costs from an insurer is unethical.
a. True
b. False
6.BP was delaying repairs as a way of cutting expenses prior to the Deepwater Horizon spill.
a. True
b. False
7.Place the following in the order of their progression in the regulatory cycle:
- Activism
- Awareness
- Latency
- Regulation/Litigation
a.
I, II, III, IV b.
II, III, I, IV c.
III, I, II, IV d.
None of the above is the correct order e.
III, II, I, IV
8.Temporary chaos can result as markets make adjustments under Adam Smith’s theories.
a. True
b. False
9.“Recall creep” is part of the Blue Bell investigation into the Listeria issue.
a. True
b. False
10.BP was banned from federal drilling rights following the Deepwater Horizon spill.
a. True
b. False
11.BP had no way of knowing about the evolving issues at Deepwater Horizon.
a. True
b. False
12.What was the issue with the Ice-T Body Count CD?
a.
None of the above
b. The lyrics were obscene
c. The CD was not selling
d. People objected because the lyrics suggested killing police officers
13.Where in the regulatory cycle would you place text messaging?
a.
Latency
b. Activism
c. Regulation/Litigation
d. Awareness
14.Which of the following is not a stage in the regulatory cycle?
a.
Awareness
b. All of the above are stages
c. Latency
d. Ethical options
e. Activism
15.What was the issue with Valeant’s accounting?
a.
Timing on booking of sales revenues
b. Structuring and acquisition charges
c. GAAP vs. non-GAAP accounting
d. All of the above
16.One of the questions in the Laura Nash model is to examine your intentions in choosing a particular course of conduct.
a. True
b. False
17.As the regulatory cycle progresses:
a.
Options decrease and cost increases.
b. Options increase and cost decreases.
c. Options decrease and cost decreases.
d. Options increase and cost increases.
18.Goldman was originally founded as a partnership.
a. True
b. False
19.Albert Carr believes that an executive who dyes his hair in order to appear younger for a job interview has committed an ethical breach.
a. True
b. False
20.BP’s exploration activity decreased following the Deepwater Horizon spill.
a. True
b. False
21.A quid pro quo relates to which category of ethical dilemma?
a.
False impressions
b. Personal decadence
c. Conflict of interest
d. Hiding or divulging information
22.Most ethical lapses are sudden and not foreseen.
a. True
b. False
23.Which category of ethical dilemma applies to dog walkers who do not scoop up after their pets?
a.
Balancing ethical dilemmas
b. Conflict of interest
c. Saying things you know are not true
d. Not following the rules
24.Adam Smith is part of the Divine Command School.
a. True
b. False
25.Taking advantage of a party in a contract situation due to the party’s inexperience, and not due to any lack of disclosure on your part, is ethical.
a. True
b. False
26.Penn State officials did not comply with the reporting requirements regarding Mr. Sandusky’s conduct.
a. True
b. False
27.Which reflects Marjorie Kelly’s financial model for corporations?
a.
Profits = Revenues – Cost
b. Profits = Revenues – Employee Income + Cost of Materials
c. Profits = Revenues – Cost + Shareholder distributions
d. None of the above
28.William Wilberforce was a member of the British Parliament who fell victim to the Bathsheba syndrome.
a. True
b. False
29.Lance Armstrong says that he looked up the meaning of the word "cheat" in the dictionary when he was using performance-enhancing drugs (PEDs). The dictionary defined cheating as "using an unfair advantage in a competition." Mr. Armstrong believed that PEDs were used by his competitors and felt it was ethical to continue using them. Which rationalization did Mr. Armstrong use?
a.
I deserve this.
b. Everyone does it.
c. It's a gray area.
d. It could be worse.
30.Moral relativism is circumstantial ethics.
a. True
b. False
31.There is agreement among the field of scholars on the definition of stakeholders.
a. True
b. False
32.If I discover that a fellow employee is reporting falsely his overtime hours, it is best for me to say nothing and ignore the situation.
a. True
b. False
33.Valeant admitted that it had a transparency problem with its investors.
a. True
b. False
34.XYZ Corporation expects its managers and employees to testify at congressional hearings and appear before state legislatures to advocate policy positions on everything from taxes to activities in national parks. What risk does XYZ Corporation have because of this policy?
a.
Both b and c
b. Shareholder sell-offs because of the positions taken
c. Backlash from those who feel differently about these issues
d. None because social responsibility involvement enhances the reputation of XYZ
35.With what crime was Martin Shkreli, the former CEO of Turing, charged?
a.
Price-fixing
b. Securities fraud
c. All of the above
d. Price gauging
36.Ashley Madison declared bankruptcy.
a. True
b. False
37.“Whack a mole” results once an unethical course of action begins.
a. True
b. False
38.Who said, “All businesses, forewarned, should be proactive, not reactive. They must be prepared to fight fire with fire and, if necessary, should be prepared to take their case all the way to the court”?
a.
Michael Novak
b. R. Edward Freeman
c. Robert Halfon
d. Milton Friedman
39.What did the inspection reports of Blue Bell Ice Cream not indicate?
a.
That there was damaged equipment
b. Both a and b
c. That there was Listeria in the plants
d. That there was recall creep
40.Who said, “The question is not about business, it’s about responsibility”?
a.
Charlton Heston
b. President Clinton
c. David Geffen
d. Tracy Morrow