question

Ethics are primarily based on religious beliefs.

answer

False

question

Ethical ideas are present in all societies, all organizations, and all individual persons.

answer

True

question

If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree.

answer

True

question

Business must develop its own definition of what is right and wrong, apart from ethics.

answer

False

question

Being ethical includes developing a sense of trust, which promotes positive alliances among business partners.

answer

True

question

Business cannot expect to be profitable while adhering to ethical principles of conduct.

answer

False

question

The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work.

answer

True

question

The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical standards, in how they conduct and monitor business operations.

answer

False

question

Employees would rather work for companies who promote their personal values.

answer

True

question

An ethical egoist acts for the benefit of others and sacrifices self-interest.

answer

False

question

Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values.

answer

False

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Managers in the same company are likely to be at the same stages of moral reasoning at any given time.

answer

False

question

For managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass.

answer

True

question

According to utilitarian reasoning, an action is ethically preferred when its benefits outweigh its costs.

answer

True

question

Business managers should use all four methods of ethical reasoning - virtues, utility, rights and justice - to better understand ethical issues at work.

answer

True

question

A conception of right and wrong is:

answer

The definition of ethics.

question

People's ethical beliefs come from:

answer

Their religious background, family, and education.

question

People everywhere depend on ethical systems to tell them whether their actions are:

answer

Right or wrong

question

Businesses are expected to be ethical in their relationships with:

answer

All of the Above: - Stockholders. - Customers. - Competitors

question

Why should business be ethical?

answer

All of the Above: - Most people want to act in ways that are consistent with their own sense of right and wrong. - Ethical behavior protects business firms from abuse by unethical employees and competitors. - Society's stakeholders expect it from businesses.

question

Business executives are finding that a trusting, ethical relationship with a business partner is:

answer

Often essential in conducting business.

question

Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:

answer

Reduced.

question

Under the Sarbanes-Oxley Act, corporations are required to:

answer

Have executives vouch for the accuracy of a firm's financial reports.

question

The Sarbanes-Oxley Act:

answer

Requires executives to pay back bonuses based on earnings that are later proved fraudulent.

question

In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?

answer

70%

question

A bottom-line mentality in business is reflected in which statement?

answer

"We have to beat the others at all costs."

question

A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of:

answer

Conflict of interest.

question

Cross-cultural contradictions arise due to:

answer

Differences between home and host countries' ethical standards.

question

Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?

answer

Legally marketing a pesticide abroad that has been banned in the U.S.

question

As business becomes increasingly global:

answer

Cross-cultural contradictions will increase.

question

According to a 2009 opinion poll, Americans hold a dim view of:

answer

Wall Street executives.

question

Scholars found that spirituality:

answer

Positively affects employee and organizational performance.

question

As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of:

answer

Chaplains.

question

Which statement characterizes the moral reasoning typically found in a child?

answer

"I'll let you play with my toy if I play with yours."

question

Mature adults typically base their ethical reasoning on broad principles and relationships such as:

answer

Both A;B - Human rights and constitutional guarantees of human dignity. - Universal principles of justice.

question

All of the following values are present in most ethical decisions except:

answer

Be respectful.

question

Business managers need a set of ethical guidelines to help them:

answer

Identify and analyze the nature of ethical problem.

question

Aristotle argued:

answer

Moral virtue is a mean between two virtues.

question

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:

answer

Utilitarian reasoning.

question

Utilitarian reasoning primarily considers:

answer

The end results of an action.

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The main drawback to utilitarian reasoning is that:

answer

It is difficulty to accurately measure both costs and benefits.

question

At the core of rights reasoning is the belief that:

answer

Respecting others is the essence of human rights.

question

Which of the following is not true about justice reasoning?

answer

The reasoner is interested in the net value of benefits.

question

A just or fair ethical decision occurs when:

answer

Benefits and burdens are distributed equally.

question

The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups:

answer

All of the Above: - May honestly and genuinely use different sources of information. - May rank various rights in different ways. - May not share the same meaning of justice.

question

The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups:

answer

All of the Above: - May honestly and genuinely use different sources of information. - May rank various rights in different ways. - May not share the same meaning of justice.

question

The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups:

answer

All of the Above: - May honestly and genuinely use different sources of information. - May rank various rights in different ways. - May not share the same meaning of justice.

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