Ethics Chapter 4 true or false – Flashcards
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Ethics are primarily based on religious beliefs
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False
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Ethical ideas are present in all societies, all organizations, and all individual persons.
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True
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If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree
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True
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Business must develop its own definition of what is right and wrong, apart from ethics
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False
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Being ethical includes developing a sense of trust, which promotes positive alliances among business partners
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True
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Business cannot expect to be profitable while adhering to ethical principles of conduct
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False
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The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work
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True
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The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical standards, in how they conduct and monitor business operations
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False
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Employees would rather work for companies who promote their personal values
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True
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An ethical egoist acts for the benefit of others and sacrifices self-interest
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False
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Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values
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False
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Managers in the same company are likely to be at the same stages of moral reasoning at any given time
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False
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For managers who reason at stages 2 and 3, their personal rewards, recognition from others, or compliance with the company's rules become their main ethical compass
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True
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According to utilitarian reasoning, an action is ethically preferred when its benefits outweigh its costs
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True
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Business managers should use all four methods of ethical reasoning - virtues, utility, rights and justice - to better understand ethical issues at work
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True
