Chapter 8: T/F – Flashcards
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Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior
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True
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Acting in good faith gives a business firm a better chance of defending its actions in court
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True
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Corporations can be perceived as owing ethical duties to groups other than their shareholders
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True
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Ethics is concerned with the fairness or justness of an action
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Business ethics focuses on ethical behavior in the business world
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The minimal acceptable standard for ethical behavior is compliance with the law
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True
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An action may be legal but not ethical
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An action may be legal and ethical
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Simply obeying the law does not fulfill all ethical obligations
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A business firm can sometimes predict whether a given action is legal
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Ethical codes of conduct can set the ethical tone of a firm
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An ethics program can clarify what a company considers to be unacceptable conduct
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Setting realistic workplace goals can reduce the probability that employees will act unethically
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Corporate ethical policies must be clearly communicated to be effective
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Ethical standards based on religious teachings tend to be absolute
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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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True
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According to utilitarianism, an action that affects the majority adversely is morally wrong
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Corporations can be good citizens by promoting goals that society deems worthwhile
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A business firm's profits may suffer if the firm is not a "good corporate citizen"
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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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One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide"
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The role played by women may present some difficult ethical problems for firms doing business internationally
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Bribery of foreign government officials is both an ethical and a legal issue
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Some U.S. bribery laws are directed toward accountants
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