Ch05-TB1-WBL-10e

Ch05-TB1-WBL-10e - Chapter5 EthicsandBusiness DecisionMaking

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Chapter 5 Ethics and Business  Decision Making N.B.:   TYPE  indicates that a question is new, modified, or unchanged, as  follows. N A question  new  to this edition of the Test Bank. + A question  modified  from the previous edition of the Test Bank, = A question  included  in the previous edition of the Test Bank. TRUE/FALSE QUESTIONS 1. Ethics is the branch of philosophy that focuses on what constitutes right  and wrong behavior. ANSWER: T PAGE: 97 TYPE: = 2. Ethics is not concerned with the philosophical, rational basis for morality. ANSWER: F PAGE: 97 TYPE: = 3. Ethics is  not  concerned with the fairness, justness, or rightness of an action. 39
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40 TEST BANK 1—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS ANSWER: F PAGE: 97 TYPE: = 4. Business ethics applies only to corporations. ANSWER: F PAGE: 98 TYPE: N 5. Corporate decisions affect only those who own, operate, or work for the  company. ANSWER: F PAGE: 98 TYPE: N
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CHAPTER 5: ETHICS AND BUSINESS DECISION MAKING 41 6. The unethical conduct of corporate management is unlikely to affect the  behavior of lower-level employees. ANSWER: F PAGE: 99 TYPE: = 7. To foster ethical behavior among employees, managers should apply the  ethical standards to which they are committed. ANSWER: T PAGE: 99 TYPE: = 8. Discharging only one employee for ethical reasons has no impact on others’  unethical behavior in the workplace. ANSWER: F PAGE: 99 TYPE: + 9. Most large companies have established ethics programs. ANSWER: T PAGE: 102 TYPE: = 10. Corporate ethical policies and programs must be coordinated and monitored  to be effective. ANSWER: T PAGE: 103 TYPE: = 11. An action may be ethical but illegal. ANSWER: T PAGE: 106 TYPE: + 12. An action may be legal but not ethical. ANSWER: T PAGE: 107 TYPE: N 13. In the interest of preserving personal freedom, the law codifies all ethical  requirements.
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42 TEST BANK 1—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS ANSWER: F PAGE: 107 TYPE: + 14. The minimal acceptable standard for ethical behavior is compliance with  the law. ANSWER: F PAGE: 107 TYPE: = 15. Duty-based   ethics   may  be   based   on  religious   precepts   or  philosophical  reasoning. ANSWER: T PAGE: 108 TYPE: = 16. Under the principle of rights theory, one person’s set of values is as “right”  as another’s. ANSWER: F PAGE: 108 TYPE: = 17. If an action is ethical from an outcome-based perspective, it is   always  ethical from a duty-based perspective. ANSWER: F PAGE: 109 TYPE: + 18. In ethical terms, a cost-benefit analysis is an assessment of the negative  and positive effects of alternative actions on individuals. ANSWER:
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This note was uploaded on 10/15/2010 for the course ACCT ACCT40 taught by Professor Birnbaum during the Fall '08 term at CUNY Brooklyn.

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Ch05-TB1-WBL-10e - Chapter5 EthicsandBusiness DecisionMaking

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