Chap005 - Chapter 05 - Ethics and Corporate Responsibility...

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Chapter 05 - Ethics and Corporate Responsibility Chapter 05 Ethics and Corporate Responsibility True / False Questions 1. (p. 166) According to public opinion polls, almost half of American respondents don't trust business. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Comprehension Difficulty: Easy Learning Objective: 1 2. (p. 166) Ethics is the system of rules that governs the ordering of values. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 1 3. (p. 167) Most people have unconscious biases that favor themselves and their group. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 1 4. (p. 168) Ethical issues arise in everyone's daily lives where individual responses are dictated by laws enacted by congress FALSE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 1 5-1
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Chapter 05 - Ethics and Corporate Responsibility 5. (p. 169) Egoism is a preferred ethical stance from a societal perspective, compared to utilitarianism. FALSE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Comprehension Difficulty: Hard Learning Objective: 1 6. (p. 170) Utilitarianism defines acceptable behaviors as that which maximizes consequences for the individual. FALSE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 1 7. (p. 170) Relativism defines ethical behavior based on the opinions and behavior of other people. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Knowledge Difficulty: Easy Learning Objective: 1 8. (p. 171) People in the conventional stage of Kohlberg's model of cognitive moral development conform to the expectations of ethical behavior held by groups or institutions such as society, family or peers. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Knowledge Difficulty: Medium Learning Objective: 1 5-3
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Chapter 05 - Ethics and Corporate Responsibility 9. (p. 171) From reading the text information on business ethics, it is clear that business needs to improve their efforts to be ethical. TRUE AACSB: Ethical understanding/reasoning abilities Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 2 10. (p. 171) The Sarbanes-Oxley Act, passed in 2002, established strict marketing rules to improve investor confidence. FALSE AACSB: Ethical/legal responsibilities in organizations and society Blooms taxonomy: Comprehension Difficulty: Medium Learning Objective: 2 11. (p. 174) Excessive emphasis on long-term revenues over shorter-term considerations is one of the factors that is conducive to unethical behavior. FALSE
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This note was uploaded on 07/04/2010 for the course MGMT 300 taught by Professor Crane during the Spring '09 term at Citadel.

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Chap005 - Chapter 05 - Ethics and Corporate Responsibility...

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