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    CASE3

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    CASE3

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    mkhattakfocused
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    CASE3

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    mkhattakfocused

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    of 3

    BUSINESS ETHICS CHAPTER # 2

    DATE: 16/11/2021 QUIZ # 2


    CLASS: BBA 5TH
    MCQS:
    1. Which of the following describes judgments based on ethical principles that deal with fairness of
    the distribution of benefits and burdens in society?
    a. Rights
    b. Virtue
    c. Utilitarianism
    d. Justice

    Answer: D

    Topic: 2.1: Approaches to Moral Decision-Making

    Learning Objective 2.1: Examine the foundations of moral decision-making in business

    Skill Level: Understand the concepts

    Difficulty Level: Moderate

    2. The ethical principles that advocate respect for the well-being and freedom of others are
    referred to as
    a. virtues.
    b. rights.
    c. fairness.
    d. justice.

    Answer: B

    Topic: Approaches to Moral Decision-Making

    Learning Objective 2.1: Examine the foundations of moral decision-making in business

    Skill Level: Understand the concepts

    Difficulty Level: Moderate

    3. Which of the following approaches to ethical decision-making is based on the idea that a course
    of action produces the most benefits over costs for everyone affected?
    a. Utilitarianism
    b. Fairness
    c. Virtue
    d. Justice

    Answer: A
    Topic: Approaches to Moral Decision-Making

    Learning Objective 2.1: Examine the foundations of moral decision-making in business

    Skill Level: Understand the concepts

    Difficulty Level: Moderate

    4. Many business analysts feel the best way to evaluate the ethics of a business decision is to
    analyze social costs and compare them to
    a. those affected by the decision.
    b. the cost of consequences.
    c. social benefits.
    d. the greatest net benefits.

    Answer: C

    Topic: Utilitarianism: Weighing Social Costs and Benefits

    Learning Objective 2.2: Detail the concept of utilitarianism and how it is applied to business
    decisions

    Skill Level: Apply what you know

    Difficulty Level: Moderate

    5. Which of the following best describes the utility of a course of action by a business?
    a. The most objective benefits of an action
    b. The level of acceptability of an action by society
    c. The amount of compromise needed to produce an action
    d. The combination of benefits and costs of an action

    Answer: D

    Topic: Utilitarianism: Weighing Social Costs and Benefits

    Learning Objective 2.2: Detail the concept of utilitarianism and how it is applied to business
    decisions

    Skill Level: Analyze it

    Difficulty Level: Moderate

    Short Answers
    6. Describe three issues that make determining utilitarianism difficult.
    Sample Answer: The first utility is subjective and comparisons are difficult. Because there is no exact
    definition of benefits or cost as they relate to ethics, utility is subjective and it is difficult to establish
    comparisons. Utilities will have different actions for different people because each person has a
    different basis for making a judgment. The second issue is that some benefits and costs seem
    impossible to measure. Things like the value of personal and subjective things cannot be measured,
    nor can we predict all the future benefits and costs of a decision. The third issue is that it can be
    difficult to determine or understand exactly what the benefit and costs are. There are opposing
    opinions on what is ultimately good or beneficial. Bentham says that utility should be considered as
    property in any object that produces benefit, advantage, pleasure, good, or happiness or prevents
    mischief, pain, evil, or unhappiness to the party whose interest is being considered.

    Topic: Utilitarianism: Weighing Social Costs and Benefits

    Learning Objective 2.2: Detail the concept of utilitarianism and how it is applied to business
    decisions

    7. Describe how socialism supports justice based on needs and abilities of people.
    Sample Answer: The socialist principle is based on the idea that all members of the community live
    up to their full potential by using their abilities in productive work. Work should be distributed
    according to ability, and the benefits produced by this work provide for the basic needs of the
    workers, including happiness and well-being. The socialist view uses the model of a family
    supporting each family member, where everyone contributes willingly to provide benefits and share
    burdens. Needs and abilities are taken into account when determining how to distribute the burdens
    and the benefits.

    Topic: Justice and Fairness

    Learning Objective 2.4: Explain justice and fairness as key ethical principles

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