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Unformatted text preview: 4 Student: _______________________________________________________________________________________ True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False True False 1. The Enron scandal illustrates the difference between unethical behavior and illegal behavior. 2. Ethical behavior requires more than following the law. 3. Legal behavior and ethical behavior are basically the same. 4. A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical. 5. Ethical behavior refers to the standards that are accepted by society as right or wrong. 6. People should look at each situation individually and decide for themselves if it is right or wrong. 7. Given the level of diversity within the United States, agreement on common standards of ethical behavior is unachievable. 8. An accurate statement regarding this chapter is: "Business law establishes ethical behavior." 9. Legal behavior is directly related to our relationships with others, while ethical behavior is not. 10. Legal behavior is a first step toward ethical behavior. 11. Laws that protect us from fraud, theft and violence determine ethical behavior. 12. Moral behavior refers to behavior that is accepted by society as right versus wrong. 13. Ethical behavior focuses on treating others fairly. 14. Making accounting records more transparent may help restore trust in the free-market system and leaders in general. 15. Punishing business leaders who have broken the law may help restore trust in the free-market system and leaders in general. 16. Making businesspeople more accountable for company actions may help restore trust in the free-market system and leaders in general. 17. According to the Legal Briefcase box, "Paying the Price", corporate executives who commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail because these acts are not considered to be criminal convictions. 18. People involved in business may be tempted to do something unethical in order to increase sales and profits, but rarely do because if they are caught, our legal system will deal harshly with them. 19. Jake and his college friends frequent a small pub on weekends. Last weekend, after a few beers, one of his friends decided to take the salt and pepper shaker from their table because they needed a set at their apartment. In this situation, this was not a particularly questionable activity because it was a restaurant where one pays for these extras. 20. According to the Legal Briefcase box, "Paying the Price", the Enron case was a landmark because it demonstrated clearly that company regulations and policies always represent the best interests of all employees, and not only those employees holding the highest company positions. True False True False True False True False True False True False True False...
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This note was uploaded on 10/17/2011 for the course BUS BUS300 taught by Professor Na during the Spring '11 term at American River.

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