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Chapter 04 - Ethics and Ethical Reasoning Chapter 04 Ethics and Ethical Reasoning True / False Questions 1. Ethics are primarily based on religious beliefs. True False 2. Ethical ideas are present in all societies, all organizations, and all individual persons. True False 3. If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree. True False 4. Business must develop its own definition of what is right and wrong, apart from ethics. True False 5. Being ethical includes developing a sense of trust, which promotes positive alliances among business partners. True False 6. Business cannot expect to be profitable while adhering to ethical principles of conduct. True False 7. The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work. True False 4-1 Chapter 04 - Ethics and Ethical Reasoning 8. The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical standards, in how they conduct and monitor business operations. True False 9. Employees would rather work for companies who share their personal moral values. True False 10. An ethical egoist acts for the benefit of others and sacrifices self-interest. True False 11. Only in the last decade have scholars found a positive relationship between an organization's economic performance and attention to spiritual values. True False 12. Managers in the same company are likely to be at the same stages of moral reasoning at any given time. True False 13. For managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass. True False 14. According to utilitarian reasoning, if the net costs are greater than net benefits, the action is probably unethical because more harm than good would be produced. True False 4-2 Chapter 04 - Ethics and Ethical Reasoning 15. Business managers should use all four methods of ethical reasoning - virtues, utility, rights and justice - to better understand ethical issues at work. True False Multiple Choice Questions 16. A conception of right and wrong is: A. Impossible to know. B. The definition of ethics. C. Determined by power. D. Based on stakeholder dialogue. 17. People's ethical beliefs come from: A. Legislative action and judicial decisions. B. Reading the company's profit and loss statements. C. Their religious background, family, and education. D. The organization's code of ethics. 18. People everywhere depend on ethical systems to tell them whether their actions are: A. Legal or illegal.... View Full Document

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