Business Ethics 1. Problems with the utilitarian reliance on measurement include: (Points : 1) Comparative measures of the values things have for different people cannot be made; we cannot get into each others’ skins to measure the pleasure or pain caused. All benefits and costs are possible to measure. The potential benefits and costs of an action cannot always be reliably predicted. All the above A & C 2. Cost-benefit analysis is used to determine the desirability of investing in a project (such as a dam factory or public park) by figuring whether its present and future economic benefits outweigh its present and future economic costs. (Points : 1) True False 3. Considerations to follow in determining what the moral thing to do might be are: (Points : 1) You must determine what alternative actions are available. You must estimate the direct and indirect costs and benefits the action would produce for all involved in the foreseeable future. You must choose the alternative that produces the greatest sum total of utility. All the above A & C 4. Rule utilitarianism looks only at moral rules of a particular action. (Points : 1) True False 5. Utilitarianism characterizes the moral approach taken by Ford in the infamous Pinto case study. (Points : 1) True False 6. Intrinsic goods are things that are desired for their own sake such as health and life. (Points : 1) True False 7. UNOCAL worked with the Burmese army to push the pipeline using forced labor. (Points : 1) True False 8. Immanuel Kant’s principle called the categorical imperative requires that everyone be treated as: (Points : 1) A free and equal person A dependent employee An indentured person A non-resident employee 9. Negative rights are defined entirely in terms of the duties others have not to interfere with you. (Points : 1) True False 10. Utilitarianism is attractive to many because it matches the views we tend to hold when discussing governmental policies and public goods. (Points : 1) True False 11. According to Locke the power of government should be: (Points : 1) Expanded to meet the needs of all citizens. Expanded to meet the needs of corporations. Limited extending only far enough to protect basic rights of all citizens. Limited extending only far enough to protect the basic rights of corporations. 12. Locke’s view that labor creates property rights has been influential in the U.S. (Points : 1) True False 13. According to the text Zimbabwe is the number two ranking region in sub-Sahara Africa for high HIV and AIDS outbreaks. (Points : 1) True False 14. Modifying Locke’s views on free markets Adam Smith’s arguments rest on __________ arguments that unregulated markets and private property will produce greater benefits than any other system. (Points : 1) Kantian Utilitarian Communist None of the above 15. Social Darwinists had a different take on the utilitarian justification for free markets. They argued that economic competition would not produce human progress. (Points : 1) True False 16. According to Smith when private individuals are left free to seek their own interests in free markets they will inevitably be led to further the public welfare by an “invisible hand.” (Points : 1) True False 17. Many economists now advocate retaining the market system and private property while modifying their workings through government regulation. This is known as a: (Points : 1) Pure capitalist economy Evolutionary economy Mixed economy Free market economy 18. Karl Marx offers the most critical view of modern private property and free market institutions. Marx claims that free-market capitalism necessarily produces: (Points : 1) Extremes of inefficiency Extremes of efficiency Extremes of equality Extremes of inequality 19. Smith’s utilitarian argument is most commonly criticized for making what some call unrealistic arguments. (Points : 1) Smith assumes that no one seller can control the price of a good. Smith assumes that the manufacturer will pay for all the resources used to produce a product. Smith assumes that humans are motivated only by a natural self-interested desire for profit. All the above B & C 20. The basic problem underlying the views of the social Darwinist is the fundamental normative assumption that survival of the fittest means survival of the best. (Points : 1) True False
