Business Ethics BAM 530

1. According to Aristotle, there are ___________ kinds of virtues.
a. Two
b. Three
c. Four
d. Five
Answer is A

2. ____________ virtues result from the proper functioning of the higher aspects of human beings.
a. Moral
b. Intellectual
c. Character
d. Ethical
Answer is B

3. ___________ virtues come about from the proper control by reason of the bodily appetites and
a. Moral
b. Intellectual
c. Character
d. Ethical
Answer is A

4. According to Aristotle, we become virtuous _____________.
a. at birth
b. with practice
c. when we are at our height of moral enlightenment
d. none of the above
Answer is B

5. The _____________ of a person is the sum of his or her virtues and vices.
a. character
b. beliefs
c. attitude
d. actions
Answer is A

6. The technique of moving to another level to find a solution is called:
a. ethical arrangement.
b. ethical displacement.
c. ethical replacement.
c. ethical awareness.
Answer is B

Unit 2 Examination
BAM 530 Business Ethics
7. In law, ___________ liability means that no excusing conditions are accepted or applicable.
a. strict
b. closed
c. firm
d. absolute
Answer is A

8. Moral ___________ is the feeling of sorrow for our immoral actions, together with an intention
not to perform similar actions in the future.
a. remorse
b. guilt
c. regret
d. consequences
Answer is A

9. One way of evaluating economic systems is a(n) ____________ approach.
a. open-state
b. end-state
c. productive
d. none of the above
Answer is B

10. Which of the following is not a true statement?
a. In a free-market system, government controls everything.
b. In a free-market system, government does not set the price of goods.
c. In a free-market system, government does not set wages.
d. In a free-market system, government does not control production.
Answer is A

11. Historically, there have been ___________ types of relations between government and
a. four
b. five
c. six
d. eight
Answer is C

12. Marxists claim capitalism is inherently immoral:
a. because it cannot exist without robbing the worker of his due.
b. because it necessarily involves the alienation of human beings.
c. at the present time because it protects the vested interest of the few and prevents the
many from achieving a better, more just society.
d. all of the above.
Answer is D

Unit 2 Examination
BAM 530 Business Ethics
13. _____________ is usually a corollary of assuming a certain position, function, or role in society
or an organization.
a. Moral responsibility
b. Role responsibility
c. Function responsibility
d. Ethical responsibility
Answer is B

14. One variant of the Myth of Amoral Business is:
a. Organizational View.
b. Moral Person View.
c. Ethical View.
d. None of the above.
Answer is A

15.There are __________ specific defining features of the model of classical capitalism.
a. two
b. three
c. four
d. five
Answer is B

16. One of the features of the partial model of socialism is:
a. social ownership of the means of production.
b. private ownership.
c. control of production.
d. none of the above.
Answer is A

17. Under the capitalistic system, Marx observes ____________ come to dominate people.
a. immoral behavior
b. greed
c. objects
d. wealth
Answer is C

18. According to ____________, government should neither tax people nor redistribute income
through welfare and other similar programs.
a. capitalists
b. socialists
c. libertarian
d. none of the above
Answer is C

Unit 2 Examination
BAM 530 Business Ethics
19. ___________ see government as inextricably intertwined with big business.
a. Capitalists
b. Socialists
c. Libertarians
d. Advocates of Workers’ Democracy
Answer is D

20. Surplus Value, a Marxist terminology, is also known as:
a. profit.
b. loss.
c. a greater abundance of goods.
d. a greater abundance of workers.
Answer is A

21. Through its ____________, the American government encourages charitable giving.
a. economic system
b. tax system
c. political system
d. judicial system
Answer is B

22. Concerning the role of government and business, the typical libertarian is a(n):
a. minimalist.
b. anarchist.
c. advocate of government control.
d. none of the above.
Answer is A

23. Historically, business has not been ____________.
a. libertarian
b. capitalistic
c. socialist
d. none of the above
Answer is A

24. ___________ historically suffers from cyclical crises.
a. Capitalism
b. Workers’ democracy
c. Socialism
d. All of the above.
Answer is A

Unit 2 Examination
BAM 530 Business Ethics
25. The American economic system is sometimes called a ___________.
a. capitalistic-enterprise system
b. free-enterprise system
c. closed-enterprise system
d. none of the above
Answer is B

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