QUIZ TWO: PHI 2397 - BUSINESS ETHICS TYPED

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Part I – Please circle the most appropriate answer (1 mark each). 1. According to John R. Boatright, despite the fact that financial decision-making is typically limited to the financial factors of ... risk and return over time, ethics much consider what? a) The fact that financial activity takes place primarily in an economic setting b) How the money makes it back to the investor as quickly as is fair to the company c) The ethical treatment of the consumers only d) The ethical treatment of everyone affected by a decision e) Both b and c 2. Boatright claims that the selling of financial products is especially susceptible to unethical practices of ___________ and _____________. a) bragging / gloating b) twisting / suckering c) twisting / flipping d) exaggerating / flipping e) shareholders / corporate executives Niall Ferguson says that the financial crisis of 2008 happened because: a) American companies were not creating new products. b) Productivity had decreased. c) There were too many defaults on subprime mortgages. d) People lost trust in the capitalist system. e) The government took over some financial institutions. This study source was downloaded by 100000850301844 from CourseHero.com on 07-31-2022 11:36:28 GMT -05:00 https://www.coursehero.com/file/60029082/Quiz-2-Typedpdf/ Page 2 4. Ferguson discourages homeownership because a) you have to sell a home when you move. b) your children will inherit the home, leaving little money for retirement. c) it is a large, undiversified investment. d) governments have expropriated homes without compensation. e) real estate agents have such high fees. 5. In the 1990s, quantitative analysts used mathematical formulas to price derivatives and predict the market. According to Ferguson, why didn’t these formulas help them avoid the crisis of 2008? a) The formulas were overly complex and hard to use. b) Computers were not powerful enough in the 1990s. c) The markets are affected by human emotion, which is hard to calculate. d) The markets change over time, and the formulas stayed the same. e) Dishonest analysts used the formulas for their own benefit According to Thomas Hobbes’s. the sovereign’s power is so strong because a) it must be at least as powerful as the people are self-interested. b) the sovereign is inherently pathological. c) monarchs in history have been strong. d) it is outside the social contract. e) it must threaten neighbouring powers. 7. Hobbes see the will not as free but as based on the motions of _______ and _______. a) forwards / backwards b) left / right c) attraction / repulsion d) breaking / accelerating e) rest / agitation. This study source was downloaded by 100000850301844 from CourseHero.com on 07-31-2022 11:36:28 GMT -05:00 https://www.coursehero.com/file/60029082/Quiz-2-Typedpdf/ Page 3 8. The main question of Wettstein’s paper is: a) Why would a business speak out against human rights violations? b) What should businesses do to prevent human rights violations? c) What does it mean to be silently complicit? d) What are the different ways in which one can be complicit? e) Under what conditions is a business silently complicit in human rights violations? 8. Wettstein says that we all have a passive negative duty to do no harm, as long as one condition has been met, which is: a) Connection b) Legitimization c) Voluntariness d) Silence e) Influence 9. In the case of Ken Saro-Wiwa, Wettstein believes that Shell: a) Had enough influence to stop Saro-Wiwa’s execution if they had wanted to b) Was silently complicit in Saro-Wiwa’s execution c) Was actively complicit in Saro-Wiwa’s execution d) Both (a) and (b) e) Both (a) and (c) 10. Silent complicity is: a) Failing to fulfill a positive duty to help protect others b) Failing to fulfill a negative duty to avoid harming others c) Failing to fulfill a passive duty to avoid harming others d) Failing to realize that you have a duty to protect others e) Failing to realize that you are actively harming others This study source was downloaded by 100000850301844 from CourseHero.com on 07-31-2022 11:36:28 GMT -05:00 https://www.coursehero.com/file/60029082/Quiz-2-Typedpdf/ Page 4 11. A company that has the power or influence to improve the situation of victims therefore has: a) A positive duty b) A passive duty c) A negative duty d) Beneficial complicity e) Active complicity 12. The legitimization requirement means: a) The company has verified that there is a legitimate human rights violation. b) The company’s silence is taken as an endorsement of the human rights violation. c) The company is legally and morally allowed to do business in a country. d) The company’s protests against the violation legitimize its presence in the country. e) The company has a reputation for being honest and legitimate. 13. Which of these concerns is NOT addressed in the U.N.’s Global Compact? a) Preventing child labor b) Protecting collective bargaining c) Environmentally friendly technology d) Eliminating corruption and bribery e) Paying a fair living wage True or False: Wettstein believes that Ken Saro-Wiwa was guilty of murder. What are the conditions that lead to the war of all against all for Thomas Hobbes? Why is equality among these conditions a problem? How can this state of war be prevented? [Show More]

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