Question 1

Restricting the bonuses that are paid to executives is unethical.

Accepted Answer

A) True 
 B)False

Question 2

Kennedy Capital Corporation provides other firms with funds to expand op?erations.If Kenney strictly complies with existing laws,the firm will

Accepted Answer

A)  fulfill all business ethics obligations.
B)  fulfill no business ethics obligations.
C)  fulfill some business ethics obligations.
D)  not need to fulfill any business ethics obligations.E) B) and C)
F) C) and D)

Question 3

Setting realistic workplace goals can reduce the probability that employ?ees will act unethically.

Accepted Answer

A) True 
 B)False

Question 4

Ergonomic Corporation convenes its employees for its managers to announce (1) a new company-wide ethical code of conduct,(2) an ad campaign to publicize the new code,and (3) the discharge of employees who do not adhere to the code.One of the most effective ways to set a tone of ethical behavior within a business organization is

Accepted Answer

A)  to create an ethical code of conduct.
B)  to discharge employees who do not create the appearance of impropriety.
C)  to post a marketing campaign online touting the firm's ethical tone.
D)  for management to direct employees to "do as we say,not as we do."E) A) and C)
F) A) and D) A

Question 5

An action may be legal and ethical.

Accepted Answer

A) True 
 B)False

Question 6

Flexo Trucking Company transports hazard?ous waste.Garn is a Flexo driver,whom the company knows drives longer hours than federal regulations permit.One night,Garn exceeds the limit and has an accident.Spilled chemicals contaminate Hill City's water source,forcing the residents to move away.Flexo acted unethically because

Accepted Answer

A)  Flexo showed reckless disregard for Hill City's residents and others.
B)  Garn exceeded the federal time limit.
C)  harm was caused by an unfortunate accident.
D)  Hill City should have better protected its water source.E) A) and B)
F) C) and D)

Question 7

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Accepted Answer

A)  gives business profits priority over production costs.
B)  ignores the practical costs of a given set of circumstances.
C)  requires complex cost-benefit analyses of simple situations.
D)  tends to justify human costs that many find unacceptable.E) A) and B)
F) C) and D)

Question 8

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Accepted Answer

A)  more complex ethical issues.
B)  no ethical issues.
C)  simpler ethical issues.
D)  the same ethical issues.E) A) and B)
F) A) and C)

Question 9

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

Accepted Answer

A) True 
 B)False  False

Question 10

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

Accepted Answer

A) True 
 B)False

Question 11

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Accepted Answer

A)  agrees to produce goods at Retail Mart's desired price.
B)  goes unnoticed by "corporate watch" groups.
C)  exploits its workers.
D)  pays its workers less than the U.S.minimum wage.E) B) and D)
F) None of the above

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Spencer Hydraulics Corporation's ethics committee is asked a business ethics question-should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method to investigate and solve this question involves all of the following steps except

Accepted Answer

A)  absolution.
B)  decision.
C)  inquiry.
D)  justification.E) A) and B)
F) B) and C)

Question 14

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

Accepted Answer

A) True 
 B)False  True

Question 15

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Accepted Answer

A) True 
 B)False

Question 16

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Accepted Answer

A)  a different set of principles from those that apply to other activities.
B)  the same moral principles that apply to non-business activities.
C)  those principles that produce the most favorable financial outcome.
D)  whatever saves New Trends's "face."E) B) and D)
F) None of the above

Question 17

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Accepted Answer

A) True 
 B)False

Question 18

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

Accepted Answer

A)  one group as opposed to another.
B)  the firm's competitors.
C)  the government.
D)  the U.S.Chamber of Commerce.E) A) and B)
F) A) and C)

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Exam 5: Ethics and Business Decision Making

Restricting the bonuses that are paid to executives is unethical.

Correct Answer
verified

Kennedy Capital Corporation provides other firms with funds to expand op?erations.If Kenney strictly complies with existing laws,the firm will

Correct Answer
verified

Setting realistic workplace goals can reduce the probability that employ?ees will act unethically.

Correct Answer
verified

Correct Answer
verified
A

An action may be legal and ethical.

Correct Answer
verified

Correct Answer
verified

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Correct Answer
verified

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Correct Answer
verified

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

Correct Answer
verified
False

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

Correct Answer
verified

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Correct Answer
verified

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

Correct Answer
verified

Spencer Hydraulics Corporation's ethics committee is asked a business ethics question-should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method to investigate and solve this question involves all of the following steps except

Correct Answer
verified

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

Correct Answer
verified
True

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Correct Answer
verified

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Correct Answer
verified

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Correct Answer
verified

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

Correct Answer
verified

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

Correct Answer
verified

The legality of an action is always clear.

Correct Answer
verified

Exam 5: Ethics and Business Decision Making

Restricting the bonuses that are paid to executives is unethical.

Correct AnswerverifiedShow Answer

Kennedy Capital Corporation provides other firms with funds to expand op?erations.If Kenney strictly complies with existing laws,the firm will

Correct AnswerverifiedShow Answer

Setting realistic workplace goals can reduce the probability that employ?ees will act unethically.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedA

An action may be legal and ethical.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Correct AnswerverifiedShow Answer

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedFalse

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

Correct AnswerverifiedShow Answer

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Spencer Hydraulics Corporation's ethics committee is asked a business ethics question-should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method to investigate and solve this question involves all of the following steps except

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedTrue

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Correct AnswerverifiedShow Answer

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Correct AnswerverifiedShow Answer

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Correct AnswerverifiedShow Answer

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The legality of an action is always clear.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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A

Correct Answer
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False

Correct Answer
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Correct Answer
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Correct Answer
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True

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Correct Answer
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