Ba 3300 exam 1 | Business & Finance homework help

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Question 1 

 

Identifying weaknesses, while recognizing the strengths is not needed in critical thinking, but only in SWOT Analysis.

Answer  

True 

 

 False 

 .0.2 points   

Question 2 

 

Wages and Working Conditions are excluded from the ethical issues of concern in international business.

Answer  

True 

 

 False 

 .0.2 points   

Question 3 

 

Which of the following is correct about ethical management?

Answer   

a. Decision making  leads to orientation, discussion, and implementation 

  b. Ethical decision making leads to orientation, discussion, and implementation 

  c. Ethical management has a handsome long-term reward 

  d. Ethical orientation leads to discussion,  decision Making, and implementation 

  e. Ethical implementation leads to discussion, orientation, and ethical Decision Making 

 .0.2 points   

Question 4 

 

Critical thinking is a normal mode of thinking.Answer  True 

 

 False 

 .0.2 points   

Question 5 

 

Which of the following is not in the logical order of progression in an 

Ethical Process Dialogue:Answer   a. Modify Proposals 

  b. Value Differences 

  c. Uncover Assumptions 

  d. Evaluate Alternative Views 

  e. None of the above 

 .0.2 points   

Question 6 

 

Which of the following statement is incorrect?

Answer   a. Ethical issues could be used as justification of the Market System 

  b. Ethics, economics, and the law are not related in business 

  c. Ethics could be viewed as a part of the conditions for free markets 

  d. Ethics, economics,  and the Law are related in business 

  e. Ethical right or wrong could be justified by economics and could be legal or illegal 

 .0.2 points   

Question 7 

 

Ethical process analysisAnswer   a. Uses argumentative structures  

  b. Is that which is examined as the outcome of an experiment 

  c. Is that which is manipulated or changed 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 8 

 

Ethical process analysisAnswer   a. Is designed for people who are willing to discuss controversial issues with others 

  b. Examines direct cause-and-effect relationships

 

  c. Focus on cause and effect, but are pre-assigned 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 9 

 

Decision making could be at:Answer   a. Individual level 

  b. Organization level 

  c. Business System level 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 10 

 

Critical thinking is:Answer   a. Self-directed 

  b. Self-disciplined 

  c. Self-monitored 

  d. Self-corrective 

  e. All of the above 

 .0.2 points   

Question 11 

 

Ethics is a guide to thinking.Answer  True 

 

 False 

 .0.2 points   

Question 12 

 

Disagreements, as an advantage:Answer   a. May prevent mistakes 

  b. Can promote a more inclusive and realistic proposal 

  c. Creates opportunity for learning 

  d. All of the above 

  e. None of the above  

 .0.2 points   

Question 13 

 

Disagreements, as a disadvantage:Answer   a. May threaten cooperation 

  b. Can create a debating game of winners and losers 

  c. May delay action 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 14 

 

Analyzing, evaluating, and improving are critical in critical thinking.Answer  True 

 

 False 

 .0.2 points   

Question 15 

 

Which of the following is correct about ethics and corporations?Answer   a. Ethical behavior of Corporate entities could be legally binding on company executives through agency law 

  b. The decisions made by the teams are the responsibilities of the individual executives 

  c. Corporate teams perform as individuals  when making ethical decisions 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 16 

 

Critical thinking is  Answer   a. An objective reasoning and judgment to determine merits and faults.

 

  b. Thinking aimed at a well-founded judgment, using appropriate evaluative standards to determine true worth, merit, or value. 

  c. The art of thinking about thinking while thinking, in order to make thinking better. 

  d. All of the above. 

  e. None of the above. 

 .0.2 points   

Question 17 

 

Critical thinkersAnswer   a. Use theories to explain how the mind works. 

  b. Apply those theories to the way they live every day. 

  c. Have self-command of the principles of critical thinking; keep alive in the mind; and have continual engagement in everyday life. 

  d. All of the above. 

  e. None of the above. 

 .0.2 points   

Question 18 

 

Ethical process analysisAnswer   a. Balances advocacy and inquiry 

  b. Includes both descriptive and normative analysis 

  c. Connects dialogue and argument 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 19 

 

The following are related to the theory of absolutism and relativism, except:Answer   a. Lack of contact with other cultures 

  b. Morally Relevant Differences 

  c. The variety of Ethical Outlooks 

  d. The Right of People to Decide 

  e. Required Conditions for Doing Business 

 .0.2 points   

Question 20 

 

Corporations are legal entities that bear no social responsibility.Answer  True 

 

 False 

 .0.2 points   

Question 21 

 

The following could be identified in corporate governance, except:Answer   a. Interested groups vs. Corporate goals 

  b. Stakeholders Theory 

  c.  Devil’s advocate 

  d. Property Rights and Social Institutions Theory 

  e. Contractual Theory 

 .0.2 points   

Question 22 

 

The following could be identified in corporate governance, except:Answer   a. Property Rights and Social Institutions Theory 

  b. Diversity myths 

  c. Contractual Theory 

  d. Agency Theory 

  e. Codes of Ethics 

 .0.2 points   

Question 23 

 

Which of these does not belong to the Dialogical Choice of Debate:Answer   a. Is driven by implicit meanings 

  b. Exploits weaknesses 

  c. Increases alienation 

  d. Forces participants to protect positions 

  e. Forces participants to face each other as combatants 

 .0.2 points   

Question 24 

 

Critical thinkers use theories to explain how the mind works.Answer  True 

 

 False 

 .0.2 points   

Question 25 

 

In international business, ethical frame of reference could beAnswer   a. Diversity Consciousness versus Understanding 

  b. Awareness versus Skills in handling people 

  c. Absolutism  versus Relativism 

  d. Enhanced Diversity versus Skills 

  e. Expanded Horizon versus  Empowerment 

 .0.2 points   

Question 26 

 

Ethical issues of concern in international business  include the following, except:Answer   a. Taking an active role in educating yourself 

  b. Foreign Bribery 

  c. Cultural Differences 

  d. Employment Practices 

  e. Consumer Protection 

 .0.2 points   

Question 27 

 

Define critical thinking in five ways.Answer     

1. First, critical thinking seeks to evaluate the validity of a claim by presenting oneself with arguments that will help the thinker know the validity of a claim. 

2. From this, critical thinking is, as said in the previous questions, self-directed, self-disciplined, self- monitored, and self-corrective thinking. This means that a critical thinker is aware of his thought process, and evaluates it over and over again so that he can correct any preconceived notions and assumptions. 

3. Because of this, critical thinking allows the thinker to have a clear and open mind that will entertain all sorts of claims, how absurd they may appear to be initially. 

4. However, this does not mean that critical thinking will result in accepting all assumptions – after entertaining the claims, there will be a reasonable, disciplined, and controlled filtering process that will accept and reject some of the claims. 

5. Lastly, critical thinking requires thinkers to use sound theories that explain how the mind works, and apply these theories in everyday decision-making processes. In the end, critical thinking involves criticizing one’s own mind.

 

 .0.5 points   

Question 28 

 

Corporate social responsibility is the voluntary actions and decision outcomes affecting society, that are perceived to have the best interest of society, not just goals beyond purely economic and legal responsibilities.Answer  True 

 

 False 

 .0.2 points   

Question 29 

 

Ethical process analysis Answer   a. Is neither dependent nor independent 

  b. Begins with people stating their views of what should be done 

  c. Is only of the control, extraneous, and moderator variety 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 30 

 

People see the role of managers in business ethics as:Answer   a. Economic Actors 

  b. Company Leaders 

  c. Community Leaders 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 31 

 

How can you apply critical thinking to your life and in business in five different ways?Answer     

1. First, when we are presented with a claim or a problem, we must gather the necessary information needed to evaluate the claim properly and reasonably. We must be persistent in researching about the claim, so that we will not simply jump to conclusions as this can destroy us quite rapidly. Also, when we gather information, we must research furthermore where this information came from, as sources can affect the credibility of the information. For example, some guy tells me that my wife has been seeing some other guy. I should gather a lot of information about this claim before I confront my wife. Also, I should evaluate who this guy is (my father, my brother, or some prankster neighbor kid).

2. Second, after gathering the needed information, we must analyze it thoroughly. Weight out the evidence, conduct tests and experiments if this is about an academic research or a business survey. 

3. After all of these, combine the findings and formulate possible conclusions. I can write these explicitly or this can happen in a few seconds only inside my head. As all these commence, we must remember to be open minded, and that in some cases, there is no absolute answer.

4. Consider and listen to the views of other people. In fact, it is better to try and put myself in the shoes of other people. For example, I have a heated disagreement with an officemate because he insists on cutting budget for production, while I defend my stand of increasing the budget so that quality products are made. Unknowingly, this officemate of mine can be the one who is pressured almost every day by questions of the board regarding the diminishing profits over the past few weeks, while I am not receiving that amount of flak. Considering this will push me to pursue an agreement that will benefit the both of us, in a clear and calm manner.

5. Lastly, I believe in trying to understand the background of the person talking to me. This is very much related to 4, but this involves the person’s ethnicity, cultural background, religion, job, etc. There are lots of listening that we need to do in life, and when we allow ourselves to really listen, then we can make each other’s lives better than before.

 

.0.5 points   

Question 32 

 

Ethical process:Answer   a. Examines direct cause-and-effect relationships. 

  b. Focus on cause and effect, but are pre-assigned. 

  c. Is a way of working together to make better decisions and fewer mistakes. 

  d. All of the above 

  e. None of the above. 

 .0.2 points   

Question 33 

 

Likely guideline (s) for multinational companies (MNC) could be:Answer   a. Human Rights 

  b. Welfare 

  c. Justice 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 34 

 

To maintain ethical standards:Answer   a. Become a critic of your thinking. 

  b. Establish old habits of thought. 

  c. Develop no confidence in your ability to reason and figure things out. 

  d. All of the above. 

  e. None of the above. 

 .0.2 points   

Question 35 

 

Ethical issues of concern in international business  include the following, except:Answer   a. Employment Practices 

  b. Be modest 

  c. Consumer Protection 

  d. Environmental Protection 

  e. Political Payments and Involvement 

 .0.2 points   

Question 36 

 

Ethics in the World of Business affect:Answer   a. Business Decision Making 

  b. Economic Interest 

  c. Organizational Interest 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 37 

 

Which of the following is not in the logical order of progression in an 

Ethical Process Dialogue:Answer   a. Encounter Disagreements 

  b. Engage in Dialogue 

  c. Develop Good Reasons 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 38 

 

Disagreements, as a disadvantage:Answer   a. May favor “argumentative” types over others 

  b. May stifle participation 

  c. May be stressful

 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 39 

 

The best critical thinker pays close attention to thinking by:Answer   a. Analyzing 

  b. Evaluating 

  c. Improving 

  d. All of the above 

  e. None of the above 

 .0.2 points   

Question 40 

 

Thinking Critically, you would:Answer   a. Examine your thinking and put it to test. 

  b. Take your thinking apart, to see it as something constructed out of parts. 

  c. Identify weaknesses, while recognizing the strengths. 

  d. Creatively reconstruct your thinking to make it better, overcoming the natural tendency of the mind to be rigid. 

  e. All of the above. 

 .0.2 points   

Question 41 

 

To maintain ethical standards:Answer   a. Apply non-intellectual standards to thinking. 

  b. Focus on clarity, accuracy, precision, and relevance. 

  c. No need for depth and breadth. 

  d. All of the above

 

  e. None of the above. 

 .0.2 points   

Question 42 

 

To maintain ethical standards:Answer   a. No need for logic and significance. 

  b. No need for fairness. 

  c. Avoid sweeping statements that could lead to serious errors. 

  d. All of the above. 

  e. None of the above. 

 .0.2 points   

Question 43 

 

Ethics affect business decision making only in theory.Answer  True 

 

 False 

 .0.2 points   

Question 44 

 

Ethical issues of concern in international business include the following, except:Answer   a. Wages and Working Conditions 

  b. What is a Justified Wage? 

  c. Following through 

  d. Foreign Bribery 

  e. Cultural Differences 

 .0.2 points   

Question 45 

 

Which of these does not belong to the Dialogical Choice of Dialogue:Answer   a. Is driven by individual interests 

  b. Supports strengths 

  c. Strengthens community 

  d. Allows participants to explore positions 

  e. Allows participants to face each other as partners 

 .0.2 points   

Question 46 

 

Ethics is the right or wrong without regard to culture or perception.Answer  True 

 

 False 

 .0.2 points   

Question 47 

 

Disagreements, as an advantage:Answer   a. Allows us to examine reasons 

  b. Increases the pool of resources 

  c. Can reveal a proposal’s limits 

  d. All of the above 

  e. None of the above