Test 1 : Ch5 – Flashcards

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Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
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Ethics is not concerned with the philosophical basis for morality.
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Ethics is not concerned with the fairness or justness of an action.
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Business ethics focuses on ethical behavior in the business world.
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Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.
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A business firm's profits may suffer if the firm acts unethically.
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Duty-based ethics may be based on religious precepts or philosophical reasoning.
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Under the principle of rights theory, one person's set of values is as "right" as another's.
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If an action is ethical from an outcome-based perspective, it is always ethical from a duty-based perspective.
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In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.
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Establishing which duties take priority over others determines a firm's views on corporate social responsibility.
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An ethics program can clarify what a company considers to be unacceptable conduct.
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Corporate ethical policies and programs must be integrated throughout the firm to be effective.
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In the interest of preserving personal freedom, the law codifies all ethical requirements.
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The minimal acceptable standard for ethical behavior is compliance with the law.
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An action may be unethical but legal.
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A business firm can sometimes predict whether a given action is legal.
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To be ethical is to "do the right thing" but it does not otherwise "pay."
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The roles that women play in some foreign countries may present some difficult ethical problems for firms doing business internationally.
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Bribery of foreign government officials is both an ethical and a legal issue.
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John is sales manager for Kleen 'N Brite Products, Inc. Compared to John's personal activities, his business activities involve
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c. the same ethical standards.
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Lia works for Media Marketing Company. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics consist of
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b. questions of rightness and wrongness.
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Superior Corporation engages in ethical behavior solely for the purpose of getting good publicity and thereby increasing profits. Superior is
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d. not acting unethically.
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Kit follows certain religious principles. With respect to the behavior of Kit and other adherents of her religion, its principles are most likely
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a. absolute.
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Tina, the chief financial officer for USA Products Corporation, attempts to apply Christian precepts in making ethical decisions and in doing business. In applying duty-based ethical standards that are derived from a religious source, Tina would most likely consider the motive behind an act to be
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a. irrelevant.
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Dion, an accountant for Engineering Associates, Inc., attempts to apply the duty approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must
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b. avoid unethical behavior regardless of the consequences.
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Rob, the owner of Super Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a busi- ness decision is ethical is how that decision affects
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b. the rights of others.
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Global Distribution Corporation suggests that its employees apply the "categorical imperative" to ethical issues that arise at work. This re- quires that the employees
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d. weigh the consequences that would follow if everyone acted the same.
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In deciding questions of corporate social responsibility, Mega Deals, Inc., is concerned with
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a. how the corporation can best fulfill its duty to society.
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Tom, in making marketing decisions for United Products, Inc., takes a utilitarian perspective. A characteristic statement of this philosophy is
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a. "an action is morally correct when, among the people it affects, it produces the greatest amount of good for the greatest number."
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Holly, a lawyer on the staff of International Group, applies the utilitar- ian theory of ethics in business contexts. Utilitarianism focuses on
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c. the consequences of an action.
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In making decisions for United Merchandising Company, Viv uses a cost-benefit analysis. This is part of
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d. utilitarianism.
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Harry, a vice-president of International Pharmaceuticals, Inc., does not apply utilitarianism to business ethical issues. One problem with utili- tarianism is that it
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d. tends to justify human costs that many find unacceptable.
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Any decision by the management of Standard Business Corporation may significantly affect its
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b. operators, owners, suppliers, the community, or society as a whole.
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Macro Manufacturing, Inc., needs to cut costs by downsizing. In determining which employees to discharge, Macro will most likely weigh
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a. its ethical duty to long-term employees and the legality of discharging older workers only.
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Eagle Manufacturing Corporation could demonstrate a commitment to ethical behavior by
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d. complying with the law, establishing ethics codes, and making money.
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Steve, the human resources director for Total Personnel Corporation, at- tempts to comply with the law in dealing with applicants and employees. One of the challenges Steve faces is that the legality of an action is
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c. sometimes clear.
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Some consumers misuse the products of Hardware Supplies, Inc., and are injured. In terms of responsibility, Hardware may have
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c. an ethical duty only.
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Max lies to Nora, his spouse. This is
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d. unethical only.
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Equity Capital Corporation provides other firms with funds to expand operations. Questions of what is ethical involve the extent to which Equity has
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b. an ethical duty beyond those duties mandated by law.
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