ethics answers - This contains the intellectual property of...

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This contains the intellectual property of your instructor, other instructors at the W. P. Carey School of Business and the authors of your textbook. The contents are intended for distribution to students enrolled in the Fall 2015 LES 305 class only. Anyone who uses or distributes this content without the express permission of the instructor or the W. P. Carey School of Business will be subject to criminal and civil penalties for copyright infringement. Unauthorized use or distribution may also be considered a violation of the W. P. Carey Code of Academic Integrity. All rights reserved. Ethics Reading Material Practice Exam Questions TRUE or FALSE 1. Ethics are the unwritten rules for behavior that are generally accepted in society. [TRUE. This is one of many definitions.] 2. Ethical egoists believe that solving ethical dilemmas requires training and nurturing of virtues. [FALSE. This is the approach of virtue ethicists.] 3. You are silent while a coworker gets blamed for something you did. This activity falls in the Giving or Allowing False Impressions category of Ethical Dilemmas. [TRUE. Sometimes failure to act is unethical.] 4. Committing acts of personal decadence, like driving home drunk after an office holiday party has no relevance to business ethics. [ FALSE. This behavior may damage the reputation of the employee and the person or organization that hired him or her.] 5. Tolerating someone else’s unethical actions is not an ethical dilemma since you did not actually commit any act that is unethical. [ FALSE, in some situations, failure to act may also constitute a breach of an ethical obligation or a legal duty. For example, if you witness a subordinate who is making comments to another employee that constitute sexual harassment, you are implicitly condoning unethical conduct and you are breaching your obligations to your employer which would require you to intervene.] 6. “If we don’t do it, someone else will” is a rationalization. [ TRUE . This is a classic.] 7. Rationalizations prove that our conduct is ethical. [FALSE. Rationalizations indicate we are facing ethical dilemmas.] 8. Proponents of the Enlightened Self-Interest School believe that a manager is responsible first to shareholders, but serves them best by being responsible to larger society. [ TRUE .] 9. Virtue ethicists believe that solving ethical dilemmas requires training and nurturing of virtues such as, caring, compassion, fairness, generosity, and integrity. [ TRUE.] 10. The inherence view for business social responsibility is one that requires a company to do all that it can for its community. [ FALSE. Proponents of this theory focus on shareholders.] 11. Whether “everyone else does it” is one method for evaluating the ethics of a particular course of action. [FALSE. It indicates that you are using rationalizations to avoid a thorough analysis of the issue.] 12. The Ice-T case illustrates what can happen when managers don’t take shareholders interests into account when making business decisions. [ TRUE . Management should have anticipated adverse shareholder reaction.]
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