Ch05-TB2-WBL-10e

Ch05-TB2-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 focuses on the way in which moral principles apply in daily life. ANSWER: T PAGE: 97 TYPE: N 2. Ethics is  not  concerned with the way in which moral principles are derived. ANSWER: F PAGE: 97 TYPE: N 3. The unethical conduct of corporate management is unlikely to affect the  behavior of lower-level employees. ANSWER: F PAGE: 99 TYPE: N 4. Ethical codes of conduct, more than management’s behavior, set the ethical  tone of a firm. ANSWER: F PAGE: 99 TYPE: = 41
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42 TEST BANK 2—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS 5. Setting realistic workplace goals can reduce the probability that employees  will act unethically. ANSWER: T PAGE: 99 TYPE: =
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CHAPTER 5: ETHICS AND BUSINESS DECISION MAKING 43 6. Corporate ethical policies must be clearly communicated to be effective. ANSWER: T PAGE: 102 TYPE: = 7. Corporations owe  ethical  duties to their shareholders and their employees. ANSWER: T PAGE: 105 TYPE: + 8. Corporations owe  legal  duties to their shareholders and their employees. ANSWER: T PAGE: 105 TYPE: N 9. Lying can be a violation of a duty of loyalty that an employer may owe to its  employees. ANSWER: T PAGE: 105 TYPE: = 10. Management constantly faces ethical trade-offs. ANSWER: T PAGE: 105 TYPE: N 11. Ignorance of the law will always excuse a business from liability for a vio- lation of that law. ANSWER: F PAGE: 107 TYPE: = 12. The legality of a particular action is always clear. ANSWER: F PAGE: 107 TYPE: = 13. Simply obeying the law does  not  fulfill all ethical obligations. ANSWER: T PAGE: 107 TYPE: + 14. Technological developments can lead to ethical and legal uncertainties. ANSWER: T PAGE: 107 TYPE: = 15. Acting in good faith gives a business firm a better chance of defending its  actions in court. ANSWER: T PAGE: 108 TYPE: N
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44 TEST BANK 2—UNIT ONE: THE LEGAL ENVIRONMENT OF BUSINESS 16. Ethical   standards   based   on   religious   teachings   involve   an   element   of  compassion. ANSWER: T PAGE: 108 TYPE: N
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CHAPTER 5: ETHICS AND BUSINESS DECISION MAKING 45 17. Duty-based ethical standards imply that people have basic rights. ANSWER: T PAGE: 108 TYPE: = 18. According to utilitarianism, an action that affects a minority adversely is  morally wrong. ANSWER:
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Ch05-TB2-WBL-10e - Chapter5 EthicsandBusiness DecisionMaking

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