Business Ethic
Florida National College
GEB 2430 / Business Ethics & Social Responsibility
Final Exam Review
Your Final Exam will be a comprehensive exam…Will consist of eleven (11) short essay questions that will
address all your learning objectives throughout the course.
If you have read your chapters and study this entire “review” you should successfully complete and score
high on your exam.
REVIEW QUESTIONS
– What is meant by the term “business ethics”?
– Discuss Autonomous Morality.
– Discuss moral responsibility and moral standards.
– Do you believe that Moral Standards apply; to corporations or only individuals? Why?
– Dr. Friedman (University of Chicago) argues that “the business of business is business” this
means that business should focus on creating employment and building products and services
that bring value to the buyers. Business are not social agencies and should leave this to the
government and religions. Do you agree or disagree with this position? Why?
– Discuss the term “categorical imperative”
– What is meant by the term “work ethics”?
– Explain and discuss the terms “utility” and “utilitarism”
– Explain any two of the following concepts:
o Rights and duties
o Justice and fairness
o The ethics of care
– List two examples where, in your opinion,, the principle of Utilitarianism is best applied and two
examples where, in your opinion, the principles of justice and fairness is best.
– Explain any two of the following terms. In your own words.
o Globalization
o Multinational corporation
o Ethical Relativism
– List and discuss two moral issues faced by international corporations.
– What is the Foreign Corrupt Practices Act? Is this act good for American business?
– Answer any two of the following three questions.
o According to Locke, what are the three basic rights?
o Adam Smith talks about the “invisible hand” What does he mean?
o What is the “alienation”? According to Marx, what causes alienation?
– Who was John Maynard Keynes—did he argue for or against government intervention. Why?
– Explain what is meant by the term “mixed economy”
– Explain any two of the following terms In your own words.
o Antitrust
o Demand Curve
o Monopoly
– Explain any two of the following terms In your own words.
o Oligopolistic competition
o Price fixing
o Perfect competition
– Discuss the difference between the “antitrust” and “regulation” views of controlling Oligopolies.
Which view do you prefer. Why?
– Explain any two of the following terms In your own words.
o Acid rain
o Ecological ethics
o External costs
– Explain any two of the following terms In your own words.
o Global warming
o Greenhouse gases
o Ozone depletion
– Discuss how do you think governments should control pollution by corporations.
– Explain any two of the following terms In your own words.
o Caveat emptor
o Product safety representations
o Reasonable risk
– Discuss the phrase “duty to comply.” How does this relates to a products (1) reliability, (2)
service life, (3) maintainability, and (4) safety.
– What does the term “due care” mean.
– Explain any two of the following terms In your own words.
o Commercial advertising
o Duty not to coerce
o Duty not to misrepresent
– List and discuss two factors that should be taken into consideration when determining the
ethical nature of a given advertisement.
– On balance, is advertising good or bad for society? Defend your answer.
– Explain the following terms In your own words
Discrimination
Americans with Disabilities Act
Equal Opportunity Employment Commission
– Explain the following terms In your own words
Glass ceiling
Institutionalized discrimination
Comparable pay
– Discuss job discrimination against women. What actions, if any do you think governments
should take?
– Explain the following terms In your own words
Bribery in business
Conflict of Interest
Employment at will
– Explain the following terms In your own words
Insider trading
Right to privacy
Whistle blowing
– What are the employee’s duties to his/her employer?
