Ethics Chapter 4 multiple choice – Flashcards
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A conception of right and wrong is
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the definition of ethics
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People's ethical beliefs come from
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their religious background, family, and education
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People everywhere depend on ethical systems to tell them whether their actions are
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right or wrong
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Businesses are expected to be ethical in their relationships with
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stockholders, customers, competitors
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Business executives are finding that a trusting, ethical relationship with a business partner is
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often essential in conduction business
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Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence
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Reduced
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Under the Sarbanes-Oxley Act, corporations are required to
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have executives vouch for the accuracy of the firm's financial statements
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The Sarbanes-Oxley Act
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requires executives to pay back bonuses based on earning that are later proved fraudulent
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In a 2010 study of 400 companies, what percentage of firms said the benefits of the Sarbanes-Oxley Act outweighed its costs?
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70%
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A bottom-line mentality in business is reflected in which statement
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we have to beat the others at all costs
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A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of
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conflict of interest
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Cross-cultural contradictions arise due to
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differences between home and host's countries ethical standards
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Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions
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legally selling a pesticide abroad that is banned in the U.S.
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As business becomes increasingly global
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Cross-cultural contradictions will increase
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According to a 2009 opinion poll, Americans hold a dim view of
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Wall street executives
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Scholars found that spirituality
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positively affects employee and organizational performance
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As an additional employee benefit to promote spirituality, companies have begun to provide employees with the services of
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chaplains
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Which statement characterizes the moral reasoning typically found in a child?
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I'll let you play with my toy if you play with mine
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All of the following values are present in most ethical decisions except
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be respectful
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Business managers need a set of ethical guidelines to help them
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identify and analyze the nature of an ethical problem
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When the benefits of an action outweigh its costs, the action is considered ethically preferred according to
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Utilitarian Reasoning
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The main drawback to utilitarian reasoning is that
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it is difficult to accurately measure both costs and benefits
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At the core of rights reasoning is the belief that
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respecting others is the essence of human rights
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Which of the following is not true about justice reasoning?
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the reasoner is interested in the net value of the benefits
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A just or fair ethical decision occurs when
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the benefits and burdens are distributed equally
