Ch:2 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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T
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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
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Business ethics focuses on ethical behavior in the business world.
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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
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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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Business ethics is consistent only with short-run profit maximization.
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F
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Managers must apply different standards to themselves than they apply to their employees.
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F
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Setting realistic workplace goals can reduce the probability that employ¬ees will act unethically.
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T
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To act ethically is to think narrowly about what is best in the short run for one's employer.
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F
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Duty-based ethics may be based on religious precepts or philosophical reasoning.
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T
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Under the principle of rights theory, one person's set of values is as "right" as another's.
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F
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Ethical standards based on religious teachings tend to be absolute.
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T
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Ethical reasoning is the process through which an individual rational¬izes whatever action he or she chooses to take.
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F
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Duty-based ethical standards imply that people have basic rights.
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T
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If an action is ethical from an outcome-based perspective, it is always ethical from a duty-based perspective.
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F
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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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T
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Establishing which duties take priority over others determines a firm's views on corporate social responsibility.
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T
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According to utilitarianism, an action that affects a minority adversely is morally wrong.
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F
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According to utilitarianism, it does not matter how many people benefit from an act.
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F
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Corporations can be perceived as owing ethical duties to groups other than their shareholders.
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T
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An ethics program can clarify what a company considers to be unaccept¬able conduct.
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T
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Corporations can behave as good citizens by promoting goals that society deems worthwhile.
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T
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Corporate ethical policies must be clearly communicated to be effective.
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T
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Corporate ethical policies and programs must be integrated throughout the firm to be effective.
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T
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In the interest of preserving personal freedom, the law codifies all ethical requirements.
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F
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An action may be unethical but legal.
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T
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A business firm can sometimes predict whether a given action is legal.
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T
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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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T
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To be ethical is to "do the right thing" but it does not otherwise "pay."
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F
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Ignorance of a law excuses a business from liability for its vio¬lation.
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F
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A business organization and its actions cannot be based on trust.
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F
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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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F
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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
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Bribery of foreign government officials is both an ethical and a legal issue.
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T
