Ch:2 T/F

question

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

T
question

Ethics is not concerned with the philosophical basis for morality.
answer

F
question

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

F
question

Business ethics focuses on ethical behavior in the business world.
answer

T
question

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

T
question

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

T
question

Business ethics is consistent only with short-run profit maximization.
answer

F
question

Managers must apply different standards to themselves than they apply to their employees.
answer

F
question

Setting realistic workplace goals can reduce the probability that employ¬ees will act unethically.
answer

T
question

To act ethically is to think narrowly about what is best in the short run for one’s employer.
answer

F
question

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

T
question

Under the principle of rights theory, one person’s set of values is as “right” as another’s.
answer

F
question

Ethical standards based on religious teachings tend to be absolute.
answer

T
question

Ethical reasoning is the process through which an individual rational¬izes whatever action he or she chooses to take.
answer

F
question

Duty-based ethical standards imply that people have basic rights.
answer

T
question

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

F
question

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

T
question

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

T
question

According to utilitarianism, an action that affects a minority adversely is morally wrong.
answer

F
question

According to utilitarianism, it does not matter how many people benefit from an act.
answer

F
question

Corporations can be perceived as owing ethical duties to groups other than their shareholders.
answer

T
question

An ethics program can clarify what a company considers to be unaccept¬able conduct.
answer

T
question

Corporations can behave as good citizens by promoting goals that society deems worthwhile.
answer

T
question

Corporate ethical policies must be clearly communicated to be effective.
answer

T
question

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

T
question

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

F
question

An action may be unethical but legal.
answer

T
question

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

T
question

Acting in good faith gives a business firm a better chance of defending its actions in court.
answer

T
question

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

F
question

Ignorance of a law excuses a business from liability for its vio¬lation.
answer

F
question

A business organization and its actions cannot be based on trust.
answer

F
question

One guideline to evaluating the ethics of a particular action is to “let your conscience be your guide.”
answer

F
question

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

T
question

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

T

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