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BUS 404 MIDTERM 1 ANDERSON NEWEST 2024 EXAM STUDYGUIDE WITH 100% CORRECT ANSWERS
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BUS 404 MIDTERM 1 ANDERSON NEWEST 2024 EXAM STUDYGUIDE WITH 100% CORRECT ANSWERS
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BUS 404 MIDTERM 1 ANDERSONNEWEST 2024 EXAM STUDYGUIDE
WITH 100% CORRECT ANSWERS
Where to find decisions of courts in federal system Correct
Answer U.S. District Courts: Federal Supplement
U.S. Court of Appeals: Federal Reporter
U.S. Supreme Court: Supreme Court Reporter and
Lawyers Edition
ethics Correct Answer the principles of right and wrong
that guide an individual in making decisions
Business Ethics Correct Answer rules about how
businesses and their employees ought to behave
Seeing-Knowing-Doing Model Correct Answer 1. The
decision maker should see the ethical issues involved in
the proposed conduct
2. The decision maker should know what to do by
choosing the best option
3. The decision maker should do the chosen option by
developing and implementing strategies
a priori Correct Answer is a reasoning based on theory
rather than experimentation from cause to effect and from
generalizations to particular instances
,Ethical Fundamentalism Correct Answer individuals look
to a central authority or set of rules to guide them in ethical
decision making
ethical relativism Correct Answer actions must be judged
by what individuals subjectively feel is right or wrong for
themselves
- morals are relative across different cultures
- limitations if each person's actions are always correct for
that person, then their behavior is moral and exempt from
criticism
Situational Ethics Correct Answer one must judge a
person's actions by first putting oneself in the actor's
situation
Utilitarianism Correct Answer idea that the goal of society
should be to bring about the greatest happiness for the
greatest number of people
Act Utilitarianism Correct Answer assesses each separate
act according to whether it maximizes pleasure over pain
Rule Utilitarianism Correct Answer holds that general rules
must be established and followed even though following
the rules may produce less overall pleasure than not
following them
cost-benefit analysis Correct Answer Quantifies in
monetary terms and then compares the direct and indirect
,costs and benefits of program alternatives for meeting a
specified objective
Deontological Correct Answer Addresses the problems of
utilitarianism and says that actions must be judged by their
motives and means as well as their results
Social Ethics Theories Correct Answer focus is on a
person's obligations to other members in society and also
on the individual's rights and obligations within society
Social Egalitarians Correct Answer believe that society
should provide all its members with equal amounts of
goods and services regardless of their relative
contributions
Distributive Justice Correct Answer the perceived degree
to which outcomes and rewards are fairly distributed or
allocated
libertarians Correct Answer stress market outcomes as the
basis for distributing society's rewards; oppose social
interference in the lives of those who do not violate the
rules of the marketplace
Intuitionism Correct Answer a rational person possesses
inherent power to assess the correctness of actions
Good person philosophy Correct Answer holds that
individuals seek out and emulate good role models
, television test Correct Answer would we be comfortable if
our actions were broadcast on television?
Kohlberg's stages of moral development Correct Answer
preconventional, conventional, postconventional
preconventional level Correct Answer the first level in
Kohlberg's theory of moral reasoning, focusing on avoiding
punishment or maximizing rewards
conventional level Correct Answer Kohlberg's second level
of moral development, in which moral understanding is
based on conforming to social rules to ensure positive
human relationships and maintain societal order.
postconventional level Correct Answer highest stage of
moral development; at this level, decisions about morality
depend on abstract principles and the value of all life
Regulation of Business Correct Answer governmental
regulation has been necessary because all the conditions
for perfect competition have not been satisfied and free
competition cannot by itself achieve other societal
objectives
Sarbanes-Oxley Act (SOX) Correct Answer Regulations
passed by Congress to reduce unethical corporate
behavior.
Dodd-Frank Act Correct Answer a law enacted in the
aftermath of the financial crisis of 2008-2009 that
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