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•Question 1 4 out of 4 pointsWith respect to business ethics, it can be said that "it takes two to tango." This indicates that:Selected Answer: an individual's behavior is influenced by the behavior of others.Answers: dancing around issues should be part of a firm's code of ethics.an individual's behavior is influenced by the behavior of others.teamwork eliminates a need for personal ethics.management is insensitive to ethical issues.Response Feedback: Individuals do not usually act alone. They need the implied, if not the direct, cooperation of others to behave unethically in a corporation. In addition, the leadership and example of strong top managers instill positive corporate values.•Question 2 4 out of 4 pointsA whistleblower is a person who:Response Feedback:
•Question 3 4 out of 4 pointsEthical dilemmas in business:Response Feedback: •Question 4 4 out of 4 pointsInsider trading involves:Response Feedback: •Question 5
4 out of 4 pointsGiven the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?Selected Answer: New laws making accounting records transparent may help restore trust.Answers: Business leaders that have broken the law should be given another chance.New laws making accounting records transparent may help restore trust.Making the government accountable for business leader behavior will restore trust.It's up to the government to pass laws requiring ethical behavior of all leaders, business and otherwise.Response Feedback: Those that have broken the law need to be punished accordingly. New laws making accounting records more transparent (easy to read and understand) and making businesspeople and others more accountable may help restore trust in the free-market system. But laws don't make people honest, reliable, or truthful.