question

Ethics is the branch of philosophy that focuses on what constitutes wrong behavior

answer

True

question

Ethics is not concerned with the philosophical basis for morality.

answer

False

question

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

answer

False

question

Business ethics focuses on ethical behavior in the business world

answer

True

question

A business firm's profits may suffer if the firm acts unethically

answer

True

question

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

answer

True

question

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

answer

False

question

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

answer

False

question

Setting realistic workplace goals can reduce the probability that employees will act unethically

answer

True

question

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

answer

False

question

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

answer

True

question

Under the principle of rights theory, one person's set of values is as "right" as another's

answer

False

question

Ethical standards based on religious teachings tend to be absolute

answer

True

question

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take

answer

False

question

Duty-based ethical standards imply that people have basic rights

answer

True

question

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

answer

False

question

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

answer

True

question

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

answer

True

question

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

answer

False

question

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

answer

False

question

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

answer

True

question

An ethics program can clarify what a company considers to be unacceptable conduct

answer

True

question

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

answer

True

question

Corporate ethical policies must be clearly communicated to be effective

answer

True

question

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

answer

True

question

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

answer

False

question

An action maybe unethical but legal

answer

True

question

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

answer

True

question

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

answer

True

question

To be ethical is to "do the right thing" but it does not otherwise "pay"

answer

False

question

Ignorance of a law excuses a business from liability for its violations.

answer

False

question

A business organization and its actions cannot be based on trust

answer

False

question

One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide"

answer

True

question

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

answer

True

question

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

answer

True

question

A background in business ethics is as important as knowledge of specific laws

answer

True

question

The minimal acceptable standard for ethical behavior is compliance with the law

answer

True

question

The ethics of a particular act is always clear

answer

False

question

If an act is legal, it is ethical

answer

False

Chapter Two T/F – Flashcards

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