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Unformatted text preview: Chapter 2- Ethics and Social Responsibility T RUE-F ALSE Q UESTIONS 1. Ethics is the study of what constitutes right and wrong behavior. 2. A background in business ethics is as important as knowledge of specific laws. 3. The minimal acceptable standard for ethical behavior is compliance with the law. 4. According to utilitarianism, it does not matter how many people benefit from an act. 5. The best course towards accomplishing legal and ethical behavior is to act responsibly and in good faith. 6. The ethics of a particular act is always clear. 7. To foster ethical behavior among employees, managers should apply ethical standards to which they are committed. 8. If an act is legal, it is ethical. 9. The roles that women play in other countries can present ethical problems for U.S. firms doing business internationally....
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- Spring '11
- Managerial Accounting, a. b. c.