question

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

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t

question

Ethics is not concerned with the philosophical basis for morality.

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f

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Ethics is not concerned with the fairness or justness of an action.

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f

question

Business ethics focuses on ethical behavior in the business world.

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t

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Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

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t

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A business firm's profits may suffer if the firm acts unethically.

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t

question

Duty-based ethics may be based on religious precepts or philosophical reasoning.

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t

question

Under the principle of rights theory, one person's set of values is as "right" as another's.

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f

question

If an action is ethical from an outcome-based perspective, it is always ethical from a duty-based perspective.

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f

question

In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

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t

question

Establishing which duties take priority over others determines a firm's views on corporate social responsibility.

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t

question

An ethics program can clarify what a company considers to be unacceptable conduct.

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t

question

Corporate ethical policies and programs must be integrated throughout the firm to be effective.

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t

question

In the interest of preserving personal freedom, the law codifies all ethical requirements.

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f

question

The minimal acceptable standard for ethical behavior is compliance with the law.

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f

question

An action may be unethical but legal.

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t

question

A business firm can sometimes predict whether a given action is legal.

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t

question

To be ethical is to "do the right thing" but it does not otherwise "pay."

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f

question

The roles that women play in some foreign countries may present some difficult ethical problems for firms doing business internationally.

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t

question

Bribery of foreign government officials is both an ethical and a legal issue.

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t

question

John is sales manager for Kleen 'N Brite Products, Inc. Compared to John's personal activities, his business activities involve

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c. the same ethical standards.

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Lia works for Media Marketing Company. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics consist of

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b. questions of rightness and wrongness.

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Superior Corporation engages in ethical behavior solely for the purpose of getting good publicity and thereby increasing profits. Superior is

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d. not acting unethically.

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Kit follows certain religious principles. With respect to the behavior of Kit and other adherents of her religion, its principles are most likely

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a. absolute.

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Tina, the chief financial officer for USA Products Corporation, attempts to apply Christian precepts in making ethical decisions and in doing business. In applying duty-based ethical standards that are derived from a religious source, Tina would most likely consider the motive behind an act to be

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a. irrelevant.

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Dion, an accountant for Engineering Associates, Inc., attempts to apply the duty approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

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b. avoid unethical behavior regardless of the consequences.

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Rob, the owner of Super Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a busi- ness decision is ethical is how that decision affects

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b. the rights of others.

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Global Distribution Corporation suggests that its employees apply the "categorical imperative" to ethical issues that arise at work. This re- quires that the employees

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d. weigh the consequences that would follow if everyone acted the same.

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In deciding questions of corporate social responsibility, Mega Deals, Inc., is concerned with

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a. how the corporation can best fulfill its duty to society.

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Tom, in making marketing decisions for United Products, Inc., takes a utilitarian perspective. A characteristic statement of this philosophy is

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a. "an action is morally correct when, among the people it affects, it produces the greatest amount of good for the greatest number."

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Holly, a lawyer on the staff of International Group, applies the utilitar- ian theory of ethics in business contexts. Utilitarianism focuses on

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c. the consequences of an action.

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In making decisions for United Merchandising Company, Viv uses a cost-benefit analysis. This is part of

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d. utilitarianism.

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Harry, a vice-president of International Pharmaceuticals, Inc., does not apply utilitarianism to business ethical issues. One problem with utili- tarianism is that it

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d. tends to justify human costs that many find unacceptable.

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Any decision by the management of Standard Business Corporation may significantly affect its

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b. operators, owners, suppliers, the community, or society as a whole.

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Macro Manufacturing, Inc., needs to cut costs by downsizing. In determining which employees to discharge, Macro will most likely weigh

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a. its ethical duty to long-term employees and the legality of discharging older workers only.

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Eagle Manufacturing Corporation could demonstrate a commitment to ethical behavior by

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d. complying with the law, establishing ethics codes, and making money.

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Steve, the human resources director for Total Personnel Corporation, at- tempts to comply with the law in dealing with applicants and employees. One of the challenges Steve faces is that the legality of an action is

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c. sometimes clear.

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Some consumers misuse the products of Hardware Supplies, Inc., and are injured. In terms of responsibility, Hardware may have

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c. an ethical duty only.

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Max lies to Nora, his spouse. This is

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d. unethical only.

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Equity Capital Corporation provides other firms with funds to expand operations. Questions of what is ethical involve the extent to which Equity has

answer

b. an ethical duty beyond those duties mandated by law.

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