Quiz

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Question # 1 of 20 ( Start time: 05:29:35 AM) Total
Marks: 1
What kind of effect free competitive markets may have on
people's moral character?
Select correct option:
Pernicious effect
Moral effect
Behavioral effect
None of the above
Question # 2 of 20 (Start time: 05:30:34 AM) Total

Marks: 1
An electric firm consumes a certain amount of fuel, labor,
and equipment to produce electricity then what kind of
this cost is?
Social cost
Adjusted cost
Private cost
None of the above

Marks: 1
Critics of market approach argued that the benefits of free
markets can only be obtained, when?
Markets have all the defining characteristics of free
market
Markets have first five characteristics of free market
Markets have last five characteristics of free market
Markets have no defining characteristics of free market

Marks: 1
All of the following are reasons to show that future
generations have no rights on world’s resources, EXCEPT:
http://vustudents.ning.com/
Future generations cannot intelligently be said to have rights
Someone only has a right if he/she has certain interest
It is absurd that we must sacrifice our entire civilization for
their sake
It is unjust for present generations to leave nothing for
future generations

Marks: 1
Which of the following is NOT a green initiative taken up by
businesses?
Green tourism
Green community
Green house
Green environment counseling

Marks: 1
The benefits of pollution control should flow to those who
have had to bear?
Internal cost of pollution
External costs of pollution
Both a & b
None of these

Marks: 1
A person's entitlement to something is known as?
Right
Rule
Duty
None of above
Marks: 1
Carol Gilligan was all except?
Feminist
Ethicist
Economist
Psychologist

Marks: 1
Which one of the following is the principal Utilitarian remedy
for pollution?
To internalize external costs of production
To externalize internal costs of production
To minimize the total social cost of production
To maximize the total social cost of production

Marks: 1
All of the following are the critics of contractual theory,
EXCEPT:
Assumptions are unrealistic
Buyer and seller meet on equal ground is false
Buyer and seller meet on equal ground is false
Buyer and seller meet on equal ground

Marks: 1
Who developed the idea that human beings have a
"natural right" to liberty and a "natural right" to private
property?
John Locke
Pincoffs
John Rawls
Alasdair MacIntyre

Marks: 1
Internalizing the costs of pollution is problematic due to
which of the following reasons?
When several pollutants are involved, it is impossible to
discover who is being damaged by whom
Pollution-control devices are expensive and can even put
people out of work
External costs should be borne by the society as a whole
Market mechanisms cannot provide cost-cutting incentives to
ensure that prices reflect the true costs of production

Marks: 1
About 60% of the average corporation's litigation expenses
today occurred due to?
Product liability cases
Product usage cases
Manufacturing fault cases
None of these

Marks: 1
What is the percentage of US companies that had been
involved in antitrust suits during the previous five years?
9%
10%
11%
12%
Marks: 1
Different parts of the utilitarian doctrine were advanced
by?
Ancient Arabic philosophers

Ancient Chinese philosophers
Ancient Greek philosophers
Ancient Egyptian philosophers

Marks: 1
According to the classical version of utilitarianism, utility
is defined as
Having lots of money
Living up to one’s duties
Happiness
Whatever one’s local community thinks happiness is

Marks: 1
First principle of John Rawls theory is called:
Difference principle
Principle of equal liberty
Principle of fair equality of opportunity
Original position
Question # 1 of 20 (Start time: 12:26:11 PM) Total

Marks: 1
Which of the following economic principle is first posted
by Adam Smith to describe that the greatest benefit to a
society is brought about by individuals in the pursuit of
their own self-interest?
Free trade
Economic freedom
Positive sum game
Invisible hand

Marks: 1
Gas explosion can be prevented through all except?
Effective safety procedures
Responsible leadership
Both a & b
None of the above

Marks: 1
Which of the following economic systems reflects that
land, factories, and other economic resources are more
equally split between private and government ownership?
Free Market Economy
Monopolistic Economy
Oligopolistic Economy
Mixed Economy
Question # 4 of 20 (Start time: 12:29:00 PM ) Total

Marks: 1
Greater economic freedom ranking countries enjoy the
following except?
Highest standards of living
Greatest degree of political freedom
Both a & b
None of the above
Question # 5 of 20 (Start time: 12:29:36 PM ) Total

Marks: 1
How many major categories of business ethic are?
5
3
4
2

Marks: 1
Which type of resource depletion is marked by increasing
rates of usage and sudden, complete depletion within a
short period of time?
Depletion of fossil fuels
Exponential depletion
Peaked depletion
Species depletion

Marks: 1
A distinct advantage in skills, technology, and/or capital
assets that yields differentiated product offerings are
indicators of?
Natural advantage
Acquired advantage
Technological advantage
None of the above
Question # 8 of 20 ( Start time: 12:34:05 PM ) Total

Marks: 1
Obligations to exercise special care toward the people
with whom we have valuable, close relationships,
Compassion, concern are known as?
Ethics of care
Ethics of Justice
Ethics of right
None of the above
Question # 9 of 20 ( Start time: 07:59:32 AM ) Total

Marks: 1
Which one of the following is an alternative to moral
principles?
Virtue Ethics
Logic Ethics
Real Ethics
None of the above
Question # 10 of 20 (Start time: 08:00:00 AM ) Total

Marks: 1
Oligopolistic competition prefers which kind of operations?
Mergers
Acquisitions
Take over
None of the above

Marks: 1
Which of the following factor violates the utilitarian
principles that underlie the market system?
Private cost
Social cost
Pollution
None of the given options
Question # 12 of 20 ( Start time: 08:02:59 AM ) Total

Marks: 1
Every person should be given equal shares of a society’s
or a group’s benefits and burdens referred as?
Utilitarianism
Egalitarianism
Socialism
None of the above
Marks: 1
Retributive justice concerns with?
Restoring to a harmed person what he lost when
someone else wronged him
Blaming or punishing those who do wrong
Both a & b
None of the above

Marks: 1
Which of the following refers to the consumption of finite
or scarce resources?
Resource depletion
Ozone depletion
Economic depletion
None of the above

Marks: 1
Locke's views on property rights have become the source
of which amendment in American law?
Fifth Amendment
Second Amendment
Fourth Amendment
Sixth Amendment

Marks: 1
Which one of the following is not considered as category
of issues involving justice?
Distributive justice
Retributive justice
Compulsory justice
Compensatory justice

Marks: 1
Which one of the following has claimed that a virtue is
any human disposition that is praised because it enables
a person to achieve the good at which human "practices"
aim?
John Rawals
Pincoffs
Alasdair MacIntyre
None of the above

Marks: 1
Which philosopher defended the idea that we should
always treat humanity as an end in itself rather than a
means?
Kant
Mill
Bentham
Rawls
Marks: 1
The outcomes of antitrust laws result in highly
concentrated industries come out in following except?
Decrease in collusion
Greater innovation
Lower prices
Low competition

Marks: 1
Who developed the idea that human beings have a
"natural right" to liberty and a "natural right" to private
property?
John Locke
Pincoffs
John Rawls
Alasdair MacIntyre

Marks: 1
Which of the following purpose that nations should not
artificially limit imports nor artificially promote exports?
Economic freedom
Free trade
Economic freedom index
Invisible hand

Marks: 1
“Principle of Utility” as a method was the idea of:
James Mill
Herbert Spencer
Jeremy Bentham
Kant

Marks: 1
Which of the following most often make ethical choices in
business situations?
Top management
Middle management
Individually
Jointly in work groups and committees

Marks: 1
In which of the following types of advertisement,
advertising can brighten lives simply by being witty,
tasteful and entertaining?
Political advertisement
Economic advertisement
Cultural advertisement
Religious advertisement

Marks: 1
Which one of the following is not a moral criterion for
perfectly free markets?
Justice
Utility
Demand
Rights
Marks: 1
Which of the following is where the same product is sold
in different markets for different prices?
Price discrimination
Price fluctuation
Price fixing

Marks: 1
Which of the following is included in virtue?
Benevolence
Moderation
Tolerance
All of the above

Marks: 1
Which one of the following is NOT the role of government
in individualistic society?
Protect property
Enforce contracts
Keep market place open
A vision for community

Marks: 1
When does the ignorance not excuse the wrongful injury?
Ignorance of fact
If a person is ignorant
The person did not act knowingly
One deliberately keeps oneself ignorant

Marks: 1
Original position

Marks: 1
Retributive justice concerns with?
Restoring to a harmed person what he lost when
someone else wronged him
Blaming or punishing those who do wrong
Both a & b
None of the above

Marks: 1
A social audit refers to?
A report of the social costs and social benefits of
the firm's activities
A report of the private costs and social benefits of the
firm's activities
A report of the social costs and Private benefits of the
firm's activities
A report of the Private costs and private benefits of the
firm's activities

Marks: 1
Which of the following is NOT a feature of free market?
Free choice
Free enterprise
Price flexibility
Price fixing

Marks: 1
Which of the following rights is embodied by perfectly
competitive free markets?
Negative right of freedom from coercion
Positive right of freedom from coercion
Moral right of freedom from coercion
Ethical right of freedom from coercion

Marks: 1
Which one of the following is not a feature of moral
standard?
Prohibit
Value
Condemn
All of the given options

Marks: 1
In the Nico machean Ethics, Aristotle argued that ethics
enables us to?
Live the good life and that the good life is possible
only for virtuous persons.
Provide the best working conditions
Provide equal opportunity of development
None of the above

Marks: 1
How many of the world's people lack access to safe
water?
One million
Ten million
One hundred million
One billion

Marks: 1
Which of the following economic system accurately
describe most modern economies?
Free market economies
Command economies
Pure free market economies
Mixed Economies

Marks: 1
An electric firm consumes a certain amount of fuel, labor,
and equipment to produce electricity then what kind of
this cost is?
Social cost
Adjusted cost
Private cost
None of the above

Marks: 1
Studies indicate that which economic system has more
advantages among all the systems?
Open Economy
Closed Economy
Mixed Economy
None of the above

Marks: 1
Which of the following is NOT true for monopoly?
Differentiated products
Freedom of entry and exit
Firm is a price taker
One main seller

Marks: 1
Which of the following is concerned with the issue of
responsible personal conduct with respect to natural
landscapes, resources, species, and non-human
organisms?
Ecological ethics
Environmental ethics
Financial ethics
Organizational ethics

Marks: 1
Which of the following statements is TRUE of the beliefs
of deep ecology?
Non-human parts of the environment deserves to
be preserved for their own sake
Only human parts of the environment deserve to be
respected
The flourishing of human life and cultures is
incompatible with a substantial decrease of the human
population
Humans have the right to reduce the diversity of non
human life for the sake of human life

Marks: 1
rights?
Moral rights are closely correlated with duties
Moral rights provide individuals with autonomy and
equality in the free pursuit of their interests
Moral rights does not provide a basis for justifying
one's actions and invoking the aid of others
None of the above

Marks: 1
Which of the following is where the same product is sold
in different markets for different prices?
Price discrimination
Price fluctuation
Price fixing

Marks: 1
Which of the following completely eliminate a person's
moral responsibility for causing wrongful injury?
Mitigating factors
Excusing conditions
Involvement
External circumstances

Marks: 1
Environmental crises we face are rooted in the social
systems of hierarchy and domination that characterizes
our society is known as?
Social ecology
Environmental ecology
Human ecology
None of the above

Marks: 1
Which of the following refers to the undesirable and
unintended contamination of the environment by the
manufacture or use of commodities?
Airborne toxics
Pollution
Aeration
Greenhouse effect

Marks: 1
Which of the following most often make ethical choices in
business situations?
Top management
Middle management
Individually
Jointly in work groups and committees

Marks: 1
What kind of effect free competitive markets may have on
people's moral character?
Pernicious effect
Moral effect
Behavioral effect
None of the above

Marks: 1
John Locke proposed which concept?
Restricted market and justice
Free market and justice
Restricted market and rights
Free market and rights

Marks: 1
New ethical dilemmas has been raised in 20th and 21st
century because of
People
Culture
Technology
Organizations

Marks: 1
How much pounds of plutonium waste has been
produced by each nuclear reactor every year?
255
260
265
275

Marks: 1
Which of the following refers to the reasoning process by
which human behaviors, institutions, or policies are
judged to be in accordance or not with moral standards?
Moral reasoning
Moral duty
Moral justice
None of the above

Marks: 1
Which one of the following does not have any
contribution towards moral development?
Gilligan
Kohlberg
Henry Fayol
None of the above

Marks: 1
The antitrust view is based on a number of assumptions.
Who has summarized the basic propositions this
traditional view is based on?
Peter Kilby
Schumpeter
David Fred
J. Fred Weston

Marks: 1
Which one of the following is a component of free market
systems?
Private property system
Involuntary exchange system
Command system
None of the given

Marks: 1
Which one of the following is a source of absorbing moral
standards?
Family
Friends
School
All of the above

Marks: 1
Which of the following is caused by the release of CFCs
into the atmosphere, and may lead to many new cases of
skin cancer each year and destroy valuable food crops?
Ozone depletion
Exponential depletion
Peaked depletion
Species depletion

Marks: 1
Which of the following pays for advertising expenditures?
Company
Consumer
Advertiser
None of the given option


MC090205909 : Sidra Ashraf
Quiz Start Time: 08:52 PM Time Left 87
sec(s)
Question # 1 of 20 ( Start time: 08:52:08 PM ) Total Marks: 1
Which of the following economic principle is first posted by Adam Smith to describe that the
greatest benefit to a society is brought about by individuals in the pursuit of their own self-
interest?
Free trade
Economic freedom
Positive sum game
Invisible hand
Haya g
sec(s)
Who argued in response to the free market and utility by Adam Smith that government should
intervene because there is a mismatch between the aggregate supply and demand?
John Hicks
Maynard Keynes
Herbert Spencer
Charles Darwin
Quiz Start Time: 08:52 PM Haya g Time Left 83
sec(s)
Study of ethics lies under_________?
Case Study
Normative Study
Descriptive Study
Philosophical Study
sec(s)
How many sources of income Capitalist systems offers?
www.vustudents.ning.com
sec(s)
Which of the following is TRUE regarding moral reasoning and its evaluation?
Moral reasoning does not involve factual or descriptive judgments
Ordinary logical standards of validity do not apply to moral reasoning
Special logical standards of validity do not apply to moral reasoning
Moral reasoning involves normative or value judgments
sec(s)
The Theory of Absolute Advantage was proposed by Adam Smith in?
1976
1876
1776
None of the above
sec(s)
Modern corporations consist of?
Stockholders
Directors and employees
Government agencies
Both a & b
sec(s)
Quiz Start Time: 08:52 PM www.vustudents.ning.com

Time Left 86
sec(s)
Which one of the following factors may become a reason of revising the moral standard at
maturity?
Experience
Learning
Intellectual development
All of the above
sec(s)
An acquired disposition that is a valuable part of a morally good person, exhibited in the person's
habitual behavior is known as?
Moral responsibility
Moral ethics
Moral virtue
None of the above
sec(s)
Ignorance of fact
sec(s)
Principles of reversibility and Universalizability proposed by?
John Rawls
Kantian
Carl Max
None of the above
sec(s)
Studies indicate that which economic system has more advantages among all the systems?
Open Economy
Closed Economy
Mixed Economy
None of the above
sec(s)
Right action comes to be defined in terms of moral principles chosen because of their logical
comprehensiveness,universality, and consistency is known as?
Interpersonal Concordance Orientation
Universal Ethical Principles Orientation

Social Contract Orientation
Law and Order Orientation
sec(s)
Which of the following regulates production and exchange in a free market, according to Adam
Smith?
Supply and demand
Supply and command
Demand only
Supply only
Quiz Start Time: 08:52 PM
Time Left
86
Who proposed the concept of free market and utility?
John Locke
Alasdair MacIntyre
John Rawls
Adam Smith
Time Left 87
sec(s)
The aim of the moral life is to develop the dispositions that we call virtues, and to exercise them as
well is referred to as?
Ethics theory
Relationship theory
Virtue theory
None of the above
Time Left 86
sec(s)
Through utilitarianism offers a clear-cut method of calculating morality. What are the number of
problems identified in this method?
MC090202991 : Syed Shajait Ali Bukhari
Time Left 88
sec(s)
John Locke
Alasdair MacIntyre
John Rawls
Adam Smith
Time Left 83
sec(s)
Which one of the following is not the basis of an important critical method in ethics?
Counter examples
Hypothetical examples
Literature examples
Both a & b
Time Left 85
sec(s)
Study which doest not try to reach any conclusions is called_________.
Pilot Study
Case Study
Normative Study
Descriptive Study
Time Left 84
sec(s)
Arthur Andersen was associated with?
Enron
General Motors
Dell Computers
Wal-Mart
Time Left 81
sec(s)
Which philosopher of utilitarianism presents the cost-benefit analysis?
Aristotle
Mill
Kant
Bentham
Time Left 84
sec(s)
Corporate actions do depend on?
Corprate members
Legal persons
Human individuals
None of the above
Time Left 88
sec(s)
Which one of the following does not have any contribution towards moral development?
Gilligan
Kohlberg
Henry Fayol
None of the above
Time Left 83
sec(s)
According to Aristotle’s view, how do we learn virtue?
By habit
By dialectical argument
By rational instruction
By learning from our mistakes
Time Left 86
sec(s)
How many assumptions Ricardo proposed?
None of the above
Time Left 80
sec(s)
Equality of income and equality of opportunity is refers to:
Equality
Political equality
Economic equality
Human equality
Time Left 83
sec(s)
Survival of the best is school of thought known as?
Social equity
Social Darwinism
Social Justice
None of the above
Time Left 79
sec(s)
John Maynard Keynes arguments were the most influential in economics, when they become less
convincing?
1970
1980
1960
1990
Time Left 86
sec(s)
Which one of the following is not considered as category of issues involving justice?
Retributive justice
Compulsory justice
Time Left 83
sec(s)
Open Economy
Closed Economy
Mixed Economy
None of the above
Time Left 85
sec(s)
Which of the following deals with the distribution of benefits and burdens, mostly in the
evaluation of social, political, and economic institutions?
Retributive justice
Ethical justice
Time Left 80
sec(s)
Which one of the following is not included as a part of moral standard?
Values
Social class
Beliefs
Norms
Time Left 88
sec(s)
Which of the following refers to the ability of a person or a country to produce a particular good at
a lower opportunity cost than another country?
Absolute advantage
Comparative advantage
Resource efficiency
Natural advantage
sec(s)
Which of the following economic principle is first posted by Adam Smith to describe that the
greatest benefit to a society is brought about by individuals in the pursuit of their own self-
interest?
Free trade
Economic freedom
Positive sum game
Invisible hand
Haya g
sec(s)
Who argued in response to the free market and utility by Adam Smith that government should
intervene because there is a mismatch between the aggregate supply and demand?
John Hicks
Maynard Keynes
Herbert Spencer
Charles Darwin
Quiz Start Time: 08:52 PM Haya g Time Left 83
sec(s)
Study of ethics lies under_________?
Case Study
Normative Study
Descriptive Study
Philosophical Study
sec(s)
How many sources of income Capitalist systems offers?
sec(s)
Which of the following is TRUE regarding moral reasoning and its evaluation?
Ordinary logical standards of validity do not apply to moral reasoning
Special logical standards of validity do not apply to moral reasoning
Moral reasoning involves normative or value judgments

sec(s)
The Theory of Absolute Advantage was proposed by Adam Smith in?
1976
1876
1776
None of the above
sec(s)
Modern corporations consist of?
Stockholders
Directors and employees
Government agencies
Both a & b
sec(s)
Quiz Start Time: 08:52 PM www.vustudents.ning.com

Time Left 86
sec(s)
Which one of the following factors may become a reason of revising the moral standard at
maturity?
Experience
Learning
Intellectual development
All of the above
sec(s)
An acquired disposition that is a valuable part of a morally good person, exhibited in the person's
habitual behavior is known as?
Moral ethics
Moral virtue
None of the above
sec(s)
Ignorance of fact

sec(s)
Principles of reversibility and Universalizability proposed by?
John Rawls
Kantian
Carl Max
None of the above
sec(s)
Open Economy
Closed Economy
Mixed Economy
None of the above
sec(s)
Right action comes to be defined in terms of moral principles chosen because of their logical
comprehensiveness,universality, and consistency is known as?
sec(s)
Which of the following regulates production and exchange in a free market, according to Adam
Smith?
Supply and demand
Supply and command
Demand only
Supply only
Time Left
86

John Locke
Alasdair MacIntyre
John Rawls
Adam Smith
Time Left 87
sec(s)
The aim of the moral life is to develop the dispositions that we call virtues, and to exercise them as
well is referred to as?
Ethics theory
Relationship theory
Virtue theory
None of the above
Time Left 86
sec(s)
Through utilitarianism offers a clear-cut method of calculating morality. What are the number of
problems identified in this method?
Time Left 88
sec(s)

John Locke
Alasdair MacIntyre
John Rawls
Adam Smith
Time Left 83
sec(s)
Which one of the following is not the basis of an important critical method in ethics?
Counter examples
Hypothetical examples
Literature examples
Both a & b
Time Left 85
sec(s)
Study which doest not try to reach any conclusions is called_________.
Pilot Study
Case Study
Normative Study
Descriptive Study
Time Left 84
sec(s)
Arthur Andersen was associated with?
Enron
General Motors
Dell Computers
Wal-Mart
Time Left 81
sec(s)
Which philosopher of utilitarianism presents the cost-benefit analysis?
Aristotle
Mill
Kant
Bentham
Time Left 84
sec(s)
Corporate actions do depend on?
Corprate members
Legal persons
Human individuals
None of the above
Time Left 88
sec(s)
Which one of the following does not have any contribution towards moral development?
Gilligan
Kohlberg
Henry Fayol
None of the above
Time Left 83
sec(s)
By habit
Time Left 86
sec(s)
How many assumptions Ricardo proposed?
None of the above
Time Left 80
sec(s)

Equality
Political equality
Economic equality
Human equality
Time Left 83
sec(s)
Survival of the best is school of thought known as?
Social equity
Social Darwinism
Social Justice
None of the above
Time Left 79
sec(s)
John Maynard Keynes arguments were the most influential in economics, when they become less
convincing?
1970
1980
1960
1990
Time Left 86
sec(s)
Which one of the following is not considered as category of issues involving justice?
Retributive justice
Compulsory justice
Time Left 83
sec(s)
Open Economy
Closed Economy
Mixed Economy
None of the above
Time Left 85
sec(s)
Which of the following deals with the distribution of benefits and burdens, mostly in the
evaluation of social, political, and economic institutions?
Retributive justice
Ethical justice
Time Left 80
sec(s)
Which one of the following is not included as a part of moral standard?
Values
Social class
Beliefs
Norms
Time Left 88
sec(s)
Absolute advantage
Resource efficiency
Natural advantage
Which markets embody sense of justice?
Mixed markets
Liberal markets
Free markets
None of the above
Which of the following choices does NOT describe a situation that is covered by the concept of
rights?
The absence of prohibitions against an activity
The authorization to do something to secure one's interests
The necessity of doing something required by authority
The existence of prohibitions on others to enable individuals to pursue an activity

Which theory claims that people would be lazy without private property?
Capitalism
Socialism
Utilitarianism
None of the above
The most influential economic institutions are designed to achieve?
Production of the goods
Distribution of the goods
Both a & b
None of the above
By habit
Which philosopher defended the idea that we should always treat humanity as an end in itself
rather than a means?
Kant
Mill
Bentham
Rawls
The concept that there are no relevant differences among people that can justify unequal
treatment is known as?
Egalitarianism
Utilitarianism
Socialism
None of the above
Commodities that are considered valuable only because they lead to other good things are called:
Instrumental goods
Instrumental values
Intrinsic goods
Intrinsic values
Socialist view on distribution is best described as:
From each according to his ability, to each according to his needs
The benefits a person receives should be proportional to his contribution
From each they choose, to each as they are chosen
Always treat humanity as an end in itself rather than as a means
Factual evidence has the following properties except?
Time bound
Accurate
Relevant
Complete
In which country Locke’s property rights have been influential?
England
Germany
America
Greek
Which of the following are the criteria for determining moral right and wrong?
Universalizability
Reversibility
Both a & b
None of the above
Utilitarianism is unable to deal with following kind of moral issues?
Rights
Justice
Both a & b
None of the above
What are the levels on which ethical decision making occurs?
Individual
Organizational
Business system
All of the given
Privacy is an example of?
Positive right
Basic need
Negative right
None of the above
Which theory includes means of production and selling one's labor?
Capitalist systems
Free economy system
Socialist system
None of the above
capitalist systems offer only two sources of income–owning the means of production and
selling one's labor–workers
Equality
Political equality
Economic equality
Human equality
Through utilitarianism offers a clear-cut method of calculating morality. What is the number of
problems identified with this method?
Who presented the theory of absolute advantage?
Adam Smith
Friedrich A. Hike
Murray Roth bard
Eric Mack
Which of the following are components of free market systems?
Private property system
Voluntary exchange system
Both a & b
None of the above
Free market systems have two main components: a private property system and a voluntary
exchange system. Pure free market systems would have absolutely no constraints on what on can
own and what one can do with it
What are the levels on which ethical decision making occurs?
Individual
Organizational
Business system
All of the given
Which one of the following is not an essential component of moral reasoning?
Understanding of reasonable requirement of moral standard
Evidence or information regarding these moral standards
Both a & b
How many sources of income Capitalist systems offer?
Absolute advantage
Resource efficiency
Natural advantage
Which one of the following is not a basic type of moral standards?
Utilitarianism
Rights
Justice
Relevant
Which philosopher defended the idea that we should always treat humanity as an end in itself
rather than a means?
Kant
Mill
Bentham
Rawls
Which one of the following is NOT a trait of character that makes an individual a morally good
human being?
Courage
Temperance
Hope
Justice
The limited rights and correlative duties that arise when one person enters an agreement with
another person is the definition of:
Contract
Justice
Special obligations
Legal rights
Which one is the justice concern of blaming or punishing persons for doing wrong?
Redistributive justice
None of the given
Which of the following is the combining of two or more independent bodies into a single body?
Joint venture
Merger
Management contract
Licensing
Which one of the following does not come under Interpersonal Concordance Orientation?
Trust
Opinion
Affection
Loyalty
Which one is considered as primary economic institution?
Business Enterprises
Banks
Insurance companies
None of the above
The idea that moral rightness or wrongness is culture-dependent is an example of
Moral relativism
Moral absolutism
Categorical imperative
Universality
What was the number of the patients suffering from river blindness in Africa and Latin America?
16 million
17 million
17.5 million
18 million
How many considerations are there when to determine what the moral thing to do on any
particular occasion?
None of the above
The type with which one looks only at moral rules or actions of a particular type is known as?
Rule utilitarianism
Utilitarianism
Both a & b
None of the above
Time Left 88
sec(s)
Which market approximates the model of the perfectly competitive free market?
Agricultural market
Commodity market
Securities market
None of the above
Which one of the following is not considered as part of the three stages of moral development
proposed by Carol Gilligan?
principled morality
conventional morality
progressing from selfish
What is the number of characteristics that differentiate between moral and non-moral standards?
Original position
In a command economy, all decisions are taken by the:

People
Government
Voters
Workers
The behavior respects the basic rights of the individuals involved and whether the behavior is
consistent with one's agreements and special duties is referred as?
Standards of justice
Standards of caring
Standards that specify how individuals must be treated
None of the above
Greater economic freedom ranking countries enjoy the following except?
Highest standards of living
Greatest degree of political freedom
Both a & b
None of the above
Over time, more and more countries have moved toward greater economic freedom.
Countries ranking highest on this index tend to enjoy both the highest standards of living
Which one of the following is not an essential component of moral reasoning?
Understanding of reasonable requirement of moral standard
Evidence or information regarding these moral standards
Both a & b
Which one of the following study aims to discover “what should be”?
Moral Study
Descriptive Study
Normative Study
Study of Ethics
MGT610 Quiz Conference and solved by Masood khan before

midterm spring 2012
The three major types of ethical issues include

except? Select correct option:
Communication issues
Systematic issues
Corporate issues
Individual issues
Which of the following refers to the reasoning process by which human

behaviors, institutions, or policies are judged to be in accordance or
notwith moral standards?
Select correct
option: Moral
reasoning Moral
duty
Moral justice
None of the above
The principle of categorical imperative is given by:

James Mill
Herbert Spencer
Jeremy
Bentham
Immanuel Kant
Which kind of theory Utilitarianism has?

Ethical
Conceptual
Behavioral
None of the above
In which year Justice Department charged the accounting firm of Arthur
Andersen for obstruction of

justice? Select correct option:
2000
2001
2002
2003
The main purpose of business ethics is

to? Select correct option:
understanding ethical
uncertainities principles and
concepts
Application of practices
All of the above
The contributive principle of distributive justice measured the

contributions in terms of:
Economic quality
Minimum standard of living
Work effort
Opportunity
An acquired disposition that is a valuable part of a morally good

person, exhibited in the person's habitual behavior is known as?
Select correct
option: Moral
responsibility Moral
ethics
Moral virtue
None of the above
2002
2003
Which one of the following is not considered as category of issues

involving justice?
Retributive justice
Compulsory justice
Compensatory
justice
Utilitarianism suggests that it is ethical to make decisions based

on: Select correct option:
Moral virtues
Common decency
What is best for most people.
None of the
given
Which one of the following is the right order for three stages of
moral
development?
Principled morality,conventional morality and selfish

Conventional morality,Principled morality and selfish
Selfish,Conventional morality and Principled morality
None of the above
Which of the following choices does NOT describe a situation that

is covered by the concept of rights?
The absence of prohibitions against an activity
The authorization to do something to secure one's interests

The necessity of doing something required by authority
The existence of prohibitions on others to enable individuals to pursue
an activity
Right action comes to be defined in terms of moral principles chosen

because of their logical comprehensiveness,universality, and consistency
is known as?
None of the
given
Which correct
Select one of the following is the right order for three stages of
option:
moral


“Principle of Utility” as a method was the idea of:
James Mill
Herbert Spencer
Jeremy
Bentham

Which one of the following is not a basic type of moral
standards? Select correct option:
Utilitarianism
Rights
Justice
Relevant
Which one of the following ethic sees concrete communities and

communal relationships as having a fundamental value?
The care of ethic

Demands of caring
Communitarian
ethic Socialism
Which one of the following moral judgment approaches will be used

where someone has to make a decision how benefits and burdens should
be distributed among the members of a group?
Jeremy
Bentham

Utility
Rights
Justice
Caring
Socialist view on distribution is best described

as: Select correct option:
From each according to his ability, to each according to his needs
The benefits a person receives should be proportional to his contribution
Always treat humanity as an end in itself rather than as a
Which one of the following is a type of moral

standards? Select correct option:
Utilitarianism
Rights
Justice
All of the above
The three major types of ethical issues include

except? Select correct option:
Communication issues
Systematic issues
Corporate issues
Individual issues
The person's reasons for acting must be reasons that he or she would be
willing to have all others use, even as a basis of how they treat him or her
is known as?
Always treat humanity as an end in itself rather than as a
Reversibility
Universalizability
Rule utilitarianism
None of the above
Which statement reflects the "punishment and obedience orientation" stage

(stage one) of moral
development? Select correct
option:
I don't steal because my friends don't steal
I don't steal because I don't want to be spanked
I don't steal because it would harm society as a whole
I don't steal because it wouldn't be fair to everyone else if I

Justice Based on needs and abilities is known as?
Communism
Capitalism
Socialism
None of the above
An acquired disposition that is a valuable part of a morally good

person, exhibited in the person's habitual behavior is known as?
Moral ethics
Moral virtue
None of the above
Which one of the following justices refers to the just imposition of

penalties and punishments?
I don't steal because it would harm society as a whole
I don't steal because it wouldn't be fair to everyone else if I

Select
Justicecorrect option:
Based on needs and abilities is known as?
Distributive
Retributive
Compensator
y Kantian
In which of the following someone looks at individual acts to see

whether they produce more pleasure,one looks only at moral rules at
actions of a
particular type?
Rule utilitarianism
Conventional
utilitarianism Weighting
cost and benefit None of
Circumstances that leave a person uncertain but not altogether unsure

about what he or she is doing is a feature of
Excusing conditions
Moral reasoning
Mitigating factors
Ignorance
Which of the following deals with the distribution of benefits and

burdens, mostly in the evaluation of social, political, and economic
institutions? Select correct option:
Retributive justice
Compensatory
justice Distributive
justice Ethical justice
Rule utilitarianism
Conventional
utilitarianism Weighting
cost and benefit None of

standard? Select correct option:
Prohibit
Value
Condemn
On what grounds Carol Gilligan criticized Kohlberg’s research?

It describes female characteristics
Stages of growth in moral development
It describes both male and female characteristics

It ignores female approach to moral development
How many essential components of Moral reasoning

are? Select correct option:
4
2
u
The type with which one looks only at moral rules or actions of a
particular type is known as?
Rule utilitarianism
Utilitarianism
Both a & b
None of the above
How many stages of moral development proposed by Carol

Gilligan? Select correct option:
Two
Three
Four
None of the above
Literally the word ethics stand for
Understanding human nature
Study of morality
properties of
chemical substances
Both 2 & 3
The kind of care that is owed to those with whom we have special
concrete relationships is known as?
Utilitarian
standards
Standards of justice
Standards of caring
None of the above
Circumstances that leave a person uncertain but not altogether unsure

about what he or she is doing is a feature of
Excusing conditions
Moral reasoning
Mitigating factors
Ignorance
Who is the world’s largest

retailer? Select correct option:
Proctor and Gamble
Wal-Mart Liver
Brothers
Dashang Group
Which of the following stands for capitalist

Justice? Select correct option:
Benefits should be distributed according to the value of the contribution
the individual makes to a society
Benefits should not be distributed according to the value of the
contribution
the individual makes to a society
Benefits should be distributed accrding to employer judgement
None of the above
Which of the following is TRUE regarding moral reasoning and its

evaluation?

Ordinary logical standards of validity do not apply to moral
reasoning Special logical standards of validity do not apply to moral
reasoning Moral reasoning involves normative or value judgments
Which of the following issues are not satisfied by

utilitarianism? Select correct option:
Justice
Right
Justice & Right
None of the above
is the philosophical study of moral values and rules.

Morality
Ethics
Business Ethics
Philosophy
Idea of a precise quantitative method for decision making is most
fully realized in
Bentham
James Rachel’s
Carol Gilligan
Henry Fayol
Shadow pricing is a technique which is used in?

Accounting
Business Ethics
Management
None of the above
Which principle of John Rawls assumes that a productive society will

incorporate inequalities?
Principle 1
Principle 2
Part a of principle 2
Part b of principle 2

standard? Select correct option:
Prohibit
Value
Condemn
Equality of income and equality of opportunity is refers
to:
Equality
Political equality
Economic equality
Human equality

to: Select correct option:
Equality
Political equality
Economic equality
Human equality
is a code of conduct that an individual or a group has about

right and wrong.
Select correct
option: Morality
Ethics
Business Ethics
Personal Ethics
The limited rights and correlative duties that arise when one person enters
to:
an agreement with another person is the definition of:
Select correct
option: Contract
Justice
Special obligations
Legal rights
Which one of the following is an alternative to moral

principles? Select correct option:
Virtue Ethics
Logic Ethics
Real Ethics
None of the above
to:
The type with which one looks only at moral rules or actions of a
particular type is known as?
Select correct
option: Rule
utilitarianism
Utilitarianism
Both a & b
None of the above
The person's reasons for acting must be reasons that he or she would be
willing to have all others use, even as a basis of how they treat him or
her is
known as?
Select correct
option:
Reversibility
Universalizability
Rule utilitarianism
None of the above
Which one of the country has more collectivist
to:
culture? Select correct option:
USA
Japan
Pakistan
None of the above

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