Discussion 4.1
Q 1. Why might business customers generally be considered more rational in their purchasing behavior than ultimate consumers?
Discussion 4.2
Q 2. If you were asked to provide a small tip (or bribe) to have a document approved in a foreign nation where this practice is customary, what would you do?
BUS 230 CLASS
Discussion 4.1
Reading 4.2. Check moral categories. Are you able to place yourself in any of these categories? Why?
Discussion 4.2
Describe the use of steroids in professional baseball, and determine how the practice progressed layers and became so pervasive in the industry.
BUS 230 CLASS
Test: Midterm (Units 1-3)
Q1. The conflicting values in the Time Warner Ice-T case are:
a.
First Amendment rights and duty of business to its larger community.
b. None of the above
c. Purchasing conflicts and investments.
d. There were no conflicting values because everyone agreed with Time Warner.
e. Conflicts of interest and personal honesty
Q2. What did the inspection reports of Blue Bell Ice Cream not indicate?
a.
That there was damaged equipment
b. That there was recall creep
c. That there was Listeria in the plants
d. Both a and b
Q3 Allison Bond is dating Greg Evans. Both Allison and Greg work for the same federal contractor. They live on different sides of the closest city and commute separately to work. Employees are required to have parking decals issued to them for parking in the company lot. The decals are issued to individual employees and matched to their vehicles because of security reasons. The top secret work of the contractor requires that security be able to identify cars in the lot as associated with employees. Greg has a decal and Allison does not because there is a $100 annual fee for processing employees’ decals. Employees are given the option of parking at an open lot 2 miles from the company and taking a free bus ride to the company building. Greg has been assigned to work out of the country for the company for three months. Greg tells Allison to just use his decal for three months. Allison’s car is similar to Greg’s. Allison has begun using Greg’s decal to park in the company lot to avoid the 2-mile bus ride. Which of the following statements is correct?
a.
Because Allison’s car is similar to Greg’s a security issue will not result, so there is no ethical issue in her use of the decal.
b. None of the above
c. Because Allison works at the company, her use of another employee’s decal is not an ethical issue.
d. Because Allison’s use is only temporary, there is no ethical issue.
Q4. A customer of a small remodeling firm wrote an online review, “They are the worst. They took 4 weeks longer than they said. The quality of work was poor. I had a really bad experience with them.” Which of the following is accurate about this review?
a.
The review is legal if the writer was actually a customer of the company.
b. It is illegal to post such reviews online.
c. The customer cannot include opinions such as, “They are the worst.”
d. The FTC can remove the review from online.
Q5. he only ethical issue involved in the Valeant case was its pricing model.
a. True
b. False
Q6. John Stuart Mill wrote The Moral Sentiments of Markets.
a. True
b. False
Q7. Which of the following is not a Goldman cultural philosophy?
a.
The customer is first and foremost
b. Long-term greedy
c. Don’t kill the marketplace
d. Filthy rich by forty
Q8. Primum non nocere is associated as an ethical philosophy of:
a.
Aristotle.
b. Laura Nash.
c. Plato.
d. Peter Drucker.
Q9. Jane Smithson’s 13-year-old son has an essay due in school tomorrow. Her son has been ill and unable to finish the essay. Jane felt it best to let her son go to sleep so that he could return to school tomorrow. Jane writes the essay for her son. Jane has concluded her writing the essay was justified and necessary. Into which school of ethical theories would Jane fall?
a.
Moral relativism
b. Virtue ethics
c. Categorical imperative and Kant
d. Divine command
Q 10. “Whack a mole” results once an unethical course of action begins.
a. True
b. False
Q 11. What happened to the prosecutors in the Stevens case?
a.
They were disbarred
b. One committed suicide
c. They were cleared of any misconduct
d. None of the above
Q 12. CDOs:
a.
Are collateralized debt obligations.
b. Are not securities.
c. Could not be hedged.
d. Are illegal.
Q 13. Which of the following would not be acceptable behavior in business according to Albert Carr?
a.
Planned obsolescence
b. Saying you read certain magazines in order to get a job
c. All of the above are acceptable behavior to Carr
d. Bribing employees to get technological information from competitors
Q 14. Hubris is at the core of the Bathsheba Syndrome.
a. True
b. False
Q 15. What happened to Solyndra?
a.
It is in litigation with the state of California over an environmental cleanup from its operations
b. It avoided bankruptcy with additional capital infusions from the Department of Energy
c. It successfully developed a mass market for solar panels
d. It was able to sell its share publicly and expand its production after initial government funding
Q 16. What past changes had Time Warner made based on public protests on content?
