test questionsbuslawA - Chapter 5 Ethics and Business...

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Chapter 5 Ethics and Business Decision Making TRUE/FALSE QUESTIONS A1. Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior. ANSWER: T B1. Ethics focuses on the way in which moral principles apply in daily life. ANSWER: T A2. Ethics is not concerned with the philosophical basis for morality. ANSWER: F B2. Business ethics is consistent only with short-run profit maximization. ANSWER: F A3. Ethics is not concerned with the fairness or justness of an action. ANSWER: F B3. Managers must apply different standards to themselves than they apply to their employees. ANSWER: F A4. Business ethics focuses on ethical behavior in the business world. ANSWER: T B4. Setting realistic workplace goals can reduce the probability that employees will act unethically. ANSWER: T A5. Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion. ANSWER: T B5. To act ethically is to think narrowly about what is best in the short run for one’s employer. ANSWER: F A6. A business firm's profits may suffer if the firm acts unethically. ANSWER: T B6. Ethical standards based on religious teachings tend to be absolute. ANSWER: T A7. Duty-based ethics may be based on religious precepts or philosophical reasoning. ANSWER: T B7. Duty-based ethical standards imply that people have basic rights. ANSWER: T A8. Under the principle of rights theory, one person’s set of values is as “right” as another’s. ANSWER: F B8. Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take. ANSWER: F A9. If an action is ethical from an outcome-based perspective, it is always ethical from a duty-based perspective. ANSWER: F B9. According to utilitarianism, an action that affects a minority
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adversely is morally wrong. ANSWER: T A10. In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals. ANSWER: T B10. According to utilitarianism, it does not matter how many people benefit from an act. ANSWER: F A11. Establishing which duties take priority over others determines a firm's views on corporate social responsibility. ANSWER: T B11. Corporations can behave as good citizens by promoting goals that society deems worthwhile. ANSWER: T A12. An ethics program can clarify what a company considers to be unacceptable conduct. ANSWER: T B12. Corporate ethical policies must be clearly communicated to be effective. ANSWER: T A13. Corporate ethical policies and programs must be integrated throughout the firm to be effective. ANSWER: T B13. Corporations can be perceived as owing ethical duties to groups other than their shareholders. ANSWER: T
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This note was uploaded on 11/12/2010 for the course BUS buisness l taught by Professor Jeck during the Fall '10 term at Riverside Community College.

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test questionsbuslawA - Chapter 5 Ethics and Business...

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