BUS 220 Midterm review F24

Which of the following is an accurate characterization of the instrumental perspective of business ethics?

• The instrumental perspective is exclusively about minimizing environmental harm

• The instrumental perspective analyzes how ethics best supports business success

• The instrumental perspective reflects on the optimal design of economic systems

• The instrumental perspective is about the meaning of business for individual happiness

• The instrumental perspective aims at keeping ethics out of business

Which of the following is NOT a typical ethical argument:

• Argument by consequences of actions

• Argument by principle (motive)

• Argument by character / human excellence

• Argument from ignorance

• All of the above

Which of the following is NOT a step of the Utilitarian Method?

• Consider all possible alternative actions

• Consider the motives of the acting person(s)

• Consider who is affected by the consequences of the alternative actions

• Consider how everyone is affected in terms of pain and pleasure (benefit and harm)

• Sum up the benefits/harms for each possible action

Which of the following is an accurate formulation of virtue method A?

• Which decision/action is consistent with who someone is or wants to be, referring to reasonable concepts of excellence?

• Which decision/action maximizes overall happiness?

• Which decision/action maximizes my happiness?

• Which decision/action is most profitable?

• Which decision/action is generalizable?

Which of the following is an accurate description of the meaning of Adam Smith’s invisible hand concept?

• There are no economic markets

• In economic markets self-interested actors contradict themselves

• Market interactions between economic actors are invisible

• In economic markets individuals unintentionally promote the public good by following their own interests

• In economic markets all actors hide their self-interests

Which of the following is an accurate definition of new criticism of capitalism?

• New criticism questions if the existing capitalist market economy can meet the new challenges of the 21st century

• New criticism is based on communism

• New criticism is against any type of market economy

• New criticism focuses exclusively on inequality in wealth and income distribution

• New criticism is based on fundamental criticism of the democratic system

Which of the following is NOT a crucial issue in the life-cycle of a smartphone?

• Conflict minerals

• Texting and Driving

• DUI (Driving under the influence)

• E-waste

• All of the above