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Common Approach to Business Ethics MCQ

While the weight of reasons approach focuses on the individual decision-maker, it is best to ______.

Focus on the model in conjunction with one’s personal values

Focus on the model in conjunction with organizational values

Carry it out by interacting with others in a company

Ignore the input of others

Answer

Correct Answer: Carry it out by interacting with others in a company

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______ developed the weight of reasons approach to decision-making.

Karl Marx

Benjamin Franklin

George Washington

John Stuart Mill

Answer

Correct Answer: Benjamin Franklin

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A ______ table can be used to evaluate how decisions may affect stakeholders.

Cause and effect

Histogram

Pros and cons

Chronological

Answer

Correct Answer: Pros and cons

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People often have great difficulty in making ______ decisions.

Routine

Complex

Programmed

Structured

Answer

Correct Answer: Complex

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Closing the loop is completed in Step ______ of the weight of reasons approach.

Answer

Correct Answer: 8

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In Step ______ of the weight of reasons approach, a person develops an action plan.

Answer

Correct Answer: 6

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In Step ______ of the weight of reasons approach, a person considers individual principles to fully analyze an ethical dilemma.

Answer

Correct Answer: 5

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When a manager blames an employee for unknowingly making a mistake instead of acknowledging that the company does not offer ethics training, a(n) ______ bias has occurred.

Confirmation

Attribution

Generalized

Self-efficacy

Answer

Correct Answer: Attribution

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Bounded rationality means that ______.

There are limitations to an individual’s decision-making ability

A decision-maker understands all the alternatives

A decision-maker can predict the outcomes

Decisions are purely rational

Answer

Correct Answer: There are limitations to an individual’s decision-making ability

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An ethical dilemma is a type of ______ decision.

Structured

Unstructured

Programmed

Recurring

Answer

Correct Answer: Unstructured

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_____ is a decision for which there is no predetermined and explicit set of steps within the organization.

Unstructured Decision

Structured Decision

Semi Structured Decision

None of these

Answer

Correct Answer: Unstructured Decision

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Sensemaking is the process of _____ on information from the external environment.

Identifying

Interpreting

Acting

All of the above

Answer

Correct Answer: All of the above

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Sensebreaking is the disruption of sensemaking by a usual event or contradictory evidence.

True

Flase

Answer

Correct Answer: Flase

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Framing is the process of perceiving particular information from the environment and attaching specific meanings to it.

True

False

Answer

Correct Answer: True

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In Ethical decision,the decision maker perceives it as involving questions of _____?

Good and Bad

Right and Wrong.

Both a and b

None the above

Answer

Correct Answer: Both a and b

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Dilemma is a particular type of _____ decision in which one has a clear understanding of the problem but cannot decide between alternative courses of action, because all have undesirable aspects.

Unstructured

Structured

Semi Structured

None of the above

Answer

Correct Answer: Unstructured

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Choose the correct Statement:

A set of action that begins with the identification of stimulus for action.

A set of actions that ends with a specific commitment to action.

A set of action that does not begin with the identification of stimulus for action.

Both a and b

Answer

Correct Answer: Both a and b

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_____ is a specific commitment to action.

Decision

Choice

Judgement

Outcome

Answer

Correct Answer: Decision

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The mental discomfort that one feels when evidence contradicts one’s beliefs or expectations is called Cognitive Dissonance.

Mental Discomfort

Eye Discomfort

Heart Discomfort

None of these

Answer

Correct Answer: Mental Discomfort

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Due to bounded rationality humans _____ some of the information available to their senses while filtering out other information is known as Limited cognitive capacity.

Perceive

Interpret

Receive

Both a and b

Answer

Correct Answer: Both a and b

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