CH4 MGMT – Flashcards
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Some provisions of U.S. bribery laws are directed toward accountants.
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True
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Unless a corporation violates a law, its actions do not raise questions about the role of corporations and the effect of corporate ethics on profit.
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False
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Given today's global communications network, most companies can assume that their actions in other nations will go unnoticed.
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False
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Originally, the only goal or duty of a corporation was to maximize profits.
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True
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Companies are required to set up confidential systems so that employees and others can "raise red flags" about suspected illegal or unethical auditing and accounting practices.
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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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The concept of corporate social responsibility is imposed on corporations by law.
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False
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Ethics is based more on research than judgment.
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False
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An action may be legal but not ethical.
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True
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Religious rules generally are absolute with respect to the behavior of their adherents.
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True
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Managers must apply the same standards to themselves as they do to the company's employees.
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True
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According to utilitarianism, it does not matter how many people suffer a negative effect from an act.
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False
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An overemphasis on long-run profit maximization is the most common reason that ethical problems occur in business.
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False
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Compared to business ethics, employee ethics is not an important issue.
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False
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It is always clear what is ethical in a given situation.
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False
