CHAPTER 2-BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

CHAPTER 2-BUSINESS ETHICS AND SOCIAL RESPONSIBILITY -...

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CHAPTER 2-BUSINESS ETHICS AND SOCIAL RESPONSIBILITY TRUE/FALSE 1. Ethics is the study of how people should act. 2. Life Principles are set by your parents and do not change over time. 3. There is strong evidence that ethical behavior pays off financially for businesses. 4. Unethical behavior is a bar to financial success. 5. John Akers, former chairman of IBM, argues that ethics are not important to economic competitiveness. 6. Society is hurt when business managers behave ethically. 7. Researchers who study happiness find that people expect material goods to make them happier than they actually do. 8. Generally, ethical managers have happier, more satisfying lives. 9. The behavior of top executives regarding ethical issues has little effect on the behavior of the employees of the organization. 10. A company that engages in unethical behavior may suffer severe consequences. 11. Wever, Inc. is considering relocating a facility to Mexico. The interests of the various stakeholders affected by this decision may conflict. 12. Utilitarian ethics holds that decisions should be made on the basis of practicality, and whatever action is most convenient should be favored. 13. Deontologists would agree that the increasing medical concern over obesity in the United States justifies federal regulation of high fat, high sugar, low nutrition food advertising during children’s television programs. 14. Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics. 15. Under Utilitarian ethics if a decision maximizes happiness in the most people it is ethical MULTIPLE CHOICE 1. In analyzing a situation to determine how to act ethically, a business manager should: a. gather background information by either talking firsthand with the people involved or by talking to those who gained information informally through the company “grapevine.” b. narrowly focus on a single issue. c. determine whether an alternative violates important values. d. All of the answers are correct.
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2. Zeno, Inc. is considering relocating its manufacturing facility from Illinois to Mexico City. The stakeholders in this decision might include:
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