Question 1

To avoid unethical practices by a foreign supplier, an effective business practice is to

Accepted Answer

A)   pay foreign employees at U.S. pay rates.
B)   have suppliers sign contracts affirming that they will behave ethically.
C)   routinely monitor the foreign workplaces.
D)   obtain a legislative decree that the supplier is ethical.E) A) and B)
F) C) and D)

Question 2

When the chief financial officer, or other executive, of a corporation is unsure whether a certain business action is legal, she should act

Accepted Answer

A)   in her own best interest.
B)   honestly and responsibly.
C)   in the best short-run interest of the company.
D)   to maximize profit.E) C) and D)
F) A) and B)

Question 3

Conduct that is legal is ethically unquestionable.

Accepted Answer

A) True 
 B)False

Question 4

Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.

Accepted Answer

A) True 
 B)False

Question 5

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Accepted Answer

When a corporate executive has to decide...

Question 6

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Accepted Answer

A)   taking immediate action in response to unethical conduct.
B)   imposing sanctions disproportionate to misconduct.
C)   distributing rewards without regard to ethics.
D)   ignoring small breaches of company rules.E) None of the above
F) All of the above

Question 7

Underscoring the importance of ethics is that the law is not always easy to interpret or apply because laws

Accepted Answer

A)   are organized and structured, and thus can be difficult to read.
B)   represent the people's will, which changes.
C)   result from a political process involving compromise.
D)   contain arbitrary and capricious terms.E) None of the above
F) B) and C)

Question 8

With respect to what society will tolerate, a company's compliance with the law, and no more, is

Accepted Answer

A)   the highest ethical level.
B)   the lowest ethical level.
C)   the only ethical level.
D)   irrelevant.E) A) and C)
F) B) and C)

Question 9

Corporate social responsibility links the responsibility of citizenship with the strategy and key principles of a business.

Accepted Answer

A) True 
 B)False

Question 10

Ethics focuses on how persons making business decisions apply

Accepted Answer

A)   legal doctrine.
B)   moral principles.
C)   corporate policy.
D)   financial priorities.E) A) and B)
F) A) and C)

Question 11

Business ethics looks at whether business decisions

Accepted Answer

A)   are right or wrong.
B)   derive from well-known business principles.
C)   follow legal doctrine.
D)   align with corporate policy.E) B) and C)
F) B) and D)

Question 12

When making ethical decisions, a business should evaluate the financial implications.

Accepted Answer

A) True 
 B)False

Exam 3: Ethics in Business

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Correct Answer
verified
When a corporate executive has to decide...
View Answer

To avoid unethical practices by a foreign supplier, an effective business practice is to

Correct Answer
verified

Underscoring the importance of ethics is that the law is not always easy to interpret or apply because laws

Correct Answer
verified

When making ethical decisions, a business should evaluate the financial implications.

Correct Answer
verified

Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.

Correct Answer
verified

With respect to what society will tolerate, a company's compliance with the law, and no more, is

Correct Answer
verified

Conduct that is legal is ethically unquestionable.

Correct Answer
verified

Corporate social responsibility links the responsibility of citizenship with the strategy and key principles of a business.

Correct Answer
verified

When the chief financial officer, or other executive, of a corporation is unsure whether a certain business action is legal, she should act

Correct Answer
verified

Ethics focuses on how persons making business decisions apply

Correct Answer
verified

Business ethics looks at whether business decisions

Correct Answer
verified

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Correct Answer
verified

Exam 3: Ethics in Business

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Correct AnswerverifiedWhen a corporate executive has to decide...View AnswerShow Answer

To avoid unethical practices by a foreign supplier, an effective business practice is to

Correct AnswerverifiedShow Answer

Underscoring the importance of ethics is that the law is not always easy to interpret or apply because laws

Correct AnswerverifiedShow Answer

When making ethical decisions, a business should evaluate the financial implications.

Correct AnswerverifiedShow Answer

Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.

Correct AnswerverifiedShow Answer

With respect to what society will tolerate, a company's compliance with the law, and no more, is

Correct AnswerverifiedShow Answer

Conduct that is legal is ethically unquestionable.

Correct AnswerverifiedShow Answer

Corporate social responsibility links the responsibility of citizenship with the strategy and key principles of a business.

Correct AnswerverifiedShow Answer

When the chief financial officer, or other executive, of a corporation is unsure whether a certain business action is legal, she should act

Correct AnswerverifiedShow Answer

Ethics focuses on how persons making business decisions apply

Correct AnswerverifiedShow Answer

Business ethics looks at whether business decisions

Correct AnswerverifiedShow Answer

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Correct AnswerverifiedShow Answer

Correct Answer
verified
When a corporate executive has to decide...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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