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Strayer University *

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309047

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Philosophy

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Feb 20, 2024

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docx

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Uploaded by DeaconBoulder12856

11/15 that's 73% RETAKE 11 questions were answered correctly . 4 questions were answered incorrectly . 1 What does the business judgment rule mean?  Investors are expected to exercise good judgment when making business decisions.  Only a judge can rule when a corporation is sued, not a jury.  Managers of a corporation cannot be sued for losing money as long as their decisions were made in good faith.  Organizations are treated as individuals. RATIONALE This rule states that as long as managers, officers, and directors exercise good faith and make reasonable decisions, they cannot be sued for loss of profits. CONCEPT Business Ethics and Government Influence Report an issue with this question 2 How would you best describe the relationship between church and state in the era of mercantilism?  The state enforced religious laws.  Merchants operated independently of either government or religious regulation.  The state and organized religion each worked side by side to promote their own interests via mercantilism.  The church and state were at odds during this era, particularly regarding the actions of merchants. RATIONALE Mercantilism showed a relationship between the church and the state (or the crown) in that both promoted their own interests, such as the church justifying slavery and colonization because it spread Christianity, and the state allowing these inhumane acts because it attained wealth. CONCEPT The Influence of Culture and Religion

Report an issue with this question 3 How might an organization obtain customers based on its CSR?  Leverage tangible assets to the best of their ability  Use a short-term perspective  Change their social contract  Focus on the broader context as a member of society RATIONALE Corporate social responsibility (CSR) is a practice where business views itself within a broader context as a member of society with certain implicit obligations. CONCEPT Ethics, Goodwill, and Profit Report an issue with this question 4 When making an ethical decision, what does the term "means" apply to?  How we will do something  Consequences of a decision  Outcomes  Motive RATIONALE "Means" refers to how we go about doing what we do. CONCEPT The Seven-Step Path to Decision Making 5 What is Nozick's critique of justice theory?  The power of the state should not be used to redistribute wealth.  Political campaigns should be entitled to social justice.  He criticized the creation of charities that redistribute wealth.  Development of social justice theory should focus on entitlement for all humans.

RATIONALE Nozick disagreed with Rawls's theory and believed the state should not use its power to redistribute wealth. CONCEPT Ethics and Social Justice Report an issue with this question 6 In what time period did organizations begin to place more focus on the view that humans have a unique value as employees?  The Information Age  Mercantile Era  Era of Economic Globalization  The Industrial Revolution RATIONALE Human resource departments and a focus on human capital became popular because a shift occurred recognizing that humans have unique value and are not just instruments to be manipulated for the purpose of the organization. CONCEPT Business Ethics Over Time Report an issue with this question 7 What did Kant call the inherent duty to act ethically?  Utility principle  Maxim theory  Focal development  Categorical imperative RATIONALE The categorical imperative states a decision should be made only if it can be applied the same way all the time. CONCEPT

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Modern Ethical Theories Report an issue with this question 8 What situation best describes application of utilitarianism in business when doing company layoffs?  Minimizing the harm to those who are laid off  Review of stakeholder needs prior to making layoff decisions  Development of a set of compliance rules to ensure fairness  Providing training to managers on how to best let people know they will be laid off RATIONALE Utilitarianism focuses on doing the most good or the least harm, so when company layoffs must be made, minimizing harm to those losing their jobs would be a guiding principle. CONCEPT Why Ethics Matter Report an issue with this question 9 You are in the process of making an ethical decision and ask your boss for her guidance on an ethical situation. What aspect of the ethical pyramid does this relate to?  Ends  Means  Intent  Norms RATIONALE Intent is correct, because intent can involve asking others their thoughts about an ethical decision. CONCEPT Ethical Theory and Ethical Decisions Report an issue with this question 10

The Universal Declaration of Human Rights attempted to meet which main goal?  To find ethical standards that cross cultural boundaries  To explain the role of government in human rights abroad  To ensure law is applied the same in all parts of the world  To address religious beliefs and how they tie to regional laws RATIONALE The purpose of this was to define ethical standards which can be addressed globally regardless of culture and location. CONCEPT Is There a Universal Ethic? Report an issue with this question 11 What is one way acculturation occurs?  Localized media reach  Governmental pressure  Economic development  Consumerism RATIONALE Acculturation occurs through economic development and the worldwide reach of the media, not through governmental pressure or consumerism. CONCEPT Business Ethics and Culture Report an issue with this question 12 Which motivation would be considered extrinsic?  Accomplishment  Benefits  Satisfaction  Ethics

RATIONALE Things like pay and benefits are extrinsic motivators, which are those things that motivate you externally, and are provided by someone else. CONCEPT Ethics and Your Career Report an issue with this question 13 What was Confucius's way of establishing order?  Truth  Personal development  Prudence  Self-regulation RATIONALE Confucius believed control is a function of self-regulation, which in the long run benefits individuals, the family, and by extension, the nation. CONCEPT Applied Ethics Report an issue with this question 14 When considering the invisible hand theory, what idea was most prevalent?  Respect  Self-interest  Relativism  Trust RATIONALE This theory was foundational to capitalism, identifying that every person looks out for their own self- interest. CONCEPT Multiple Ethical Standards Report an issue with this question

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15 Which of the following was one of Confucius's beliefs?  People are inherently good.  People develop as a result of their environment.  People will lie when it benefits them.  People lack courage. RATIONALE That people are good is the basis for many of Confucius's theories and ethical ideologies.

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