MGT610 Midterm Preparation by ZB

Q1. Ethics primarily focuses on:

1. Legal principles
2. Moral principles and values
3. Profit-making
4. Organizational goals

Answer: B) Moral principles and values

Q2. Which of the following is an example of ethical behavior in business?

1. Bribing officials for contracts
2. Exploiting workers
3. Treating employees fairly
4. Ignoring environmental concerns

Answer: C) Treating employees fairly

Q3. The study of ethics is divided into:

1. Practical and theoretical ethics
2. Universal and relative ethics
3. Legal and moral ethics
4. Normative ethics, metaethics, and applied ethics

Answer: D) Normative ethics, metaethics, and applied ethics

Q4. Normative ethics is concerned with:

1. Describing ethical behavior
2. Establishing moral standards
3. Questioning ethical theories
4. Applying ethics to specific cases

Answer: B) Establishing moral standards

Q5. A company’s code of ethics is:

1. Legally binding rules
2. A financial policy guide
3. A set of guidelines to assist employees in making ethical decisions
4. An employee conduct evaluation tool

Answer: C) A set of guidelines to assist employees in making ethical decisions

Q6. Corporate social responsibility (CSR) involves:

1. Companies taking responsibility for their social and environmental impacts
2. Maximizing shareholder profit
3. Avoiding all legal obligations
4. Promoting personal interests of leaders

Answer: A) Companies taking responsibility for their social and environmental impacts

Q7. Which ethical theory focuses on the consequences of actions?

1. Deontology
2. Virtue ethics
3. Ethical relativism
4. Utilitarianism

Answer: D) Utilitarianism

Q8. Deontological ethics emphasizes:

1. Outcomes of actions
2. Following moral rules and duties
3. Cultural norms
4. Achieving happiness

Answer: B) Following moral rules and duties

Q9. The principle of justice in business ethics refers to:

1. Fair treatment and equity in decisions
2. Maximizing shareholder profit
3. Achieving corporate goals
4. Legal compliance only

Answer: A) Fair treatment and equity in decisions

Q10. The concept of ethical relativism suggests that:

1. Ethics are universal and unchanging
2. Ethics are irrelevant to cultural norms
3. Ethics are culturally dependent and vary by society
4. Ethics are purely individual choices

Answer: C) Ethics are culturally dependent and vary by society

Q11. Who is considered the father of modern utilitarianism?

1. Immanuel Kant
2. Jeremy Bentham
3. Aristotle
4. John Locke

Answer: B) Jeremy Bentham

Q12. Kantian ethics emphasizes:

1. The greatest happiness for the greatest number
2. Duty and moral laws
3. Personal goals and satisfaction
4. Corporate interests

Answer: B) Duty and moral laws