Question 1

what constitutes right and wrong behavior

Accepted Answer

Ethics can be defined as the study of

Question 2

how businesses are treated under international law  (how businesspersons apply moral and ethical principles in making their decision; the decisions businesses must make and whether they are right or wrong)

Accepted Answer

Business ethics does NOT focus on

Question 3

1. Corporate profits  2. The impact of profits on people  3. The impact of profits on the planet

Accepted Answer

Investors dissatisfied with profit-maximization theory look beyond profits to consider the triple bottom line What are the three aspects of this concept?

Question 4

1. The legal implication of each decision  2. The public relations impact  3. The safety risks for consumers and employees  4. The financial implication

Accepted Answer

When making decisions, a business should evaluate the following

Question 5

False

Accepted Answer

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

Question 6

moral minimum

Accepted Answer

Compliance with the law is sometimes called the

Question 7

false

Accepted Answer

Violations of company or industry codes of ethics will result in jail time for the employee.

Question 8

acted in good faith

Accepted Answer

When a company is involved in a dispute and ethics are at issue, it is best if the company can show that it

Question 9

yes, bc federal labor law protects employees right to engage in concerted activities

Accepted Answer

Olivia makes a statement on her Twitter account that casts a negative light on her employer. Her manager fires her for violating her company\'s social media policy. Olivia claims that federal law prohibits her from being fired. Does she have a valid argument?

Question 10

reasoning

Accepted Answer

The application of morals and ethics to a situation is usually called ethical

Question 11

stakeholders

Accepted Answer

Outcome-based ethics looks at the impact of decisions on key

Question 12

duty-based ethics is rooted in this principle.

Accepted Answer

Every person has certain duties to others, including humans and the planet.

Question 13

true

Accepted Answer

Religious ethical principles can both unify employees and investors or lead to difficult problems.

Question 14

consumers of a firm\'s products and services, a firm\'s suppliers, a firm\'s owners (shareholders), a firm\'s employees

Accepted Answer

One view of duty-based ethics focuses on the principle of rights. What are the four groups whose rights can be most affected by business decision?

Question 15

true

Accepted Answer

The application of the principle of rights, or rights theory, often involves conflicting rights.

Question 16

your firm\'s shareholders

Accepted Answer

You have to decide how to reduce labor costs by firing some of your workers, who will certainly be harmed. You must balance the interests of employees who have been loyal to the firm for a long time against the interests of

Question 17

Immanuel Kant

Accepted Answer

Which of the following philosophers is most associated with duty-based principles for moral behavior?

Question 18

categorical imperative

Accepted Answer

Individuals should evaluate their actions in light of the consequences that would follow if all similarly situated people or entities acted in the same way. This is called the

Question 19

is a philosophical theory developed by two British philosophers, Bentham and Mill

Accepted Answer

Utilitarianism

Question 20

\"the greatest good for the greatest number.\"

Accepted Answer

A major premise of the utilitarian approach to ethics is

Question 21

fewest people

Accepted Answer

An action is morally correct when it creates the greatest amount of good for the

Question 22

involves assessing the negative and positive effects of alternative actions.

Accepted Answer

A cost-benefit analysis

Question 23

wrong

Accepted Answer

Whenever an action affects the majority adversely, it is morally

Question 24

Gary\'s fundamental rights

Accepted Answer

Upper management wants to fire Gary because he is nonproductive. Using the utilitarian approach to business ethics, management would probably NOT consider

Question 25

true

Accepted Answer

Corporate social responsibility combines a commitment to good corporate citizenship with a commitment to improving society and minimizing environmental impact

Question 26

false

Accepted Answer

Corporate social responsibility is typically imposed on corporations by state laws.

Question 27

Inquiry, Discussion, Decision, Justification, Evaluation

Accepted Answer

Choose the correct order for the following lists of steps involved in a systematic approach to implementing ethical concerns in business.

Question 28

false

Accepted Answer

Managers who set unrealistic production or sales goals decrease the probability that employees will act unethically.

Question 29

Lisa is unlikely to create an ethical workplace because the attitude of top management influences employee ethics

Accepted Answer

Lisa owns and manages a small auto-parts store. She hesitates to discuss business ethics with her employees because she wants them to spend more time with the customers and she also doesn\'t think she should tell them how to behave. Is Lisa going to create an ethical workplace? Why or why not?

Question 30

The Sarbanse-Oxley Act

Accepted Answer

Highlight the act that requires companies to set up confidential systems so that \"red flags\" can be raised about suspected illegal and unethical business practices.

Question 31

Because many corporate watch groups will discover and publicize the unethical behavior of your company\'s foreign suppliers.

Accepted Answer

Why is it important to monitor the employment practices of foreign suppliers?

Question 32

true

Accepted Answer

Since the late 1970s, the Foreign Corrupt Practices Act has prohibited U.S. businesspersons from bribing foreign officials to secure beneficial contracts.

Question 33

true

Accepted Answer

Under the Foreign Corrupt Practices Act, some payments to minor foreign government officials are allowed to accelerate the performance of administrative services.

Question 34

No, because legal compliance is regarded as the moral minimum.

Accepted Answer

Marshall owns and operates a construction firm. He uses inexpensive and low-grade building products and accepts inferior carpentry work from his subcontractors. Nevertheless, Marshall complies with all the city building codes as well as all state and federal laws. Has he fulfilled all of his ethical obligations?

Question 35

Bernard is unlikely to create an ethical workplace, because the attitude of top management influences employee ethics

Accepted Answer

Bernard is the owner and manager of a small auto-parts store. He thinks that talking about business ethics with employees takes time that would be better spent paying attention to customers. He also does not believe that he has a right to tell other people how they should behave. Is Bernard likely to create an ethical workplace with this way of thinking? Why or why not?

Question 36

unethical and illegal, because their actions constituted theft from the airlines

Accepted Answer

Sanderson worked in a travel service office and had access to the reservation systems of several airlines. Sanderson accessed the system and replaced the names of passengers with fictitious names. She also enrolled the fake names in the airlines\' frequent-flyer programs. Her husband set up mailboxes under those names for the delivery of free airline tickets \"earned\" under the frequent-flyer programs. Real passengers were not harmed by and did not complain of the deception. The Sandersons\' behavior was

Question 37

Acme\'s shareholders

Accepted Answer

Patrick, the human resources manager at Acme Company, must decide how to cut personnel costs. This decision will harm employees who are laid off or fired. Patrick must balance the interests of employees who have been loyal to the firm for a long time against the interests of

Question 38

permitted by U.S. law if the payment is made to a minor official to speed up administrative procedures

Accepted Answer

Bribery is acceptable in certain foreign countries. Indeed, U.S. Development, Inc., has found that the only way it can ensure delivery on certain contracts in these countries is to bribe the officials. This is

Question 39

liable, because it was foreseeable that a child would have access to and try to use a lighter.

Accepted Answer

Under state law, a manufacturer must design a dangerous product so as to avoid harm to people who are using the product as intended or in an unintended but foreseeable way. Bennett, a six-year-old, placed a Bic cigarette lighter under his shirt and lit the lighter. His shirt caught on fire, causing him severe burns. His mother sued Bic, contending it was liable because the lighter was a dangerous product and Bennett\'s use of the lighter was unintended but foreseeable. The court is most likely to find that Bic was

Question 40

fulfilled his ethical obligations as a salesperson because he followed company policy concerning unsafe products.

Accepted Answer

Robert was employed as a sales representative by the United States Steel Corporation. It had a \"whistleblowing\" policy and procedure by which employees could make complaints about company policies and products. Robert, who was not a safety expert, believed that one of the company\'s products had not been adequately tested and posed a serious danger. In accordance with company policy, Robert notified his supervisor of his concerns. The product was successfully tested and marketed and caused no harm. Robert had

Question 41

consider their actions in light of the consequences if everyone in society acted the same way.

Accepted Answer

Regan owns and manages The Coffee Shoppe. She likes to experiment with different management styles and life philosophies. She recently studied Kantian ethics and asks her employees to begin following Kant\'s categorical imperative at work. This means that the employees should

Question 42

how the expansion will affect the rights of his employees, his consumers, and the community into which he wishes to expand.

Accepted Answer

Jeff believes in the principle of rights theory and uses it to make ethical decisions for his business. He must decide whether to expand his business into Asia. Several key employees do not want the business to expand overseas and have threatened to quit if Jeff makes this move. Under the principle of rights theory, he will make this decision by considering

Question 43

the costs and benefits of retaining a nonproductive employee.

Accepted Answer

The upper-level management of Nationwide Sales Corporation wants to fire Andy because he is a nonproductive employee. Using a utilitarian approach to business ethics, management would probably consider

Question 44

he acted in good faith

Accepted Answer

Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product that is regulated by state law. The law is somewhat unclear. Before launching the campaign, he researched the relevant law and consulted with his attorney in an effort to comply with the law. Nevertheless, the attorney general of his state has filed a lawsuit against him for deceptive advertising. Ted\'s best defense is that

Question 45

he acted in good faith

Accepted Answer

Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product that is regulated by state law. The law is somewhat unclear. Before launching the campaign, he researched the relevant law and consulted with his attorney in an effort to comply with the law. Nevertheless, the attorney general of his state has filed a lawsuit against him for deceptive advertising. Ted\'s best defense is that

COB 218 – Chapter 3 Business Ethics – Flashcards

Unlock all answers in this set

Haven't found what you were looking for?

Search for samples, answers to your questions and flashcards