Question 1

Ethical decision makers should test and reflect on the outcome of their decisions.

Accepted Answer

A) True 
 B)False

Question 2

Duty-based ethics is based in the idea that every business has certain duties to others.

Accepted Answer

A) True 
 B)False

Question 3

When making ethical decisions, a business should evaluate the financial implications.

Accepted Answer

A) True 
 B)False

Question 4

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.

Accepted Answer

A) True 
 B)False

Question 5

Business ethics looks at whether business decisions

Accepted Answer

A)   are right or wrong.
B)   derive from well-known business principles.
C)   follow legal doctrine.
D)   align with corporate policy.E) B) and C)
F) A) and D)

Question 6

The first step in making an ethical decision is to understand the problem.

Accepted Answer

A) True 
 B)False

Question 7

Cody makes a business decision based on financial outcomes first, and then attempts to argue that it is ethical as well when it may not be. Cody is

Accepted Answer

A)   rationalizing his decision.
B)   questioning his decision.
C)   using the utilitarian approach.
D)   using the stakeholder approach.E) B) and C)
F) A) and D)

Question 8

Company codes of conduct set forth company policies and expectations for different issues.

Accepted Answer

A) True 
 B)False

Question 9

Conduct that is legal is ethically unquestionable.

Accepted Answer

A) True 
 B)False

Question 10

Congress does not pass laws based on ethics.

Accepted Answer

A) True 
 B)False

Question 11

One view of the role of business in society is the perceived duty of a company only to generate revenue for its owners.

Accepted Answer

A) True 
 B)False

Question 12

Congress enacted the Sarbanes-Oxley Act to help reduce unethical management decisions.

Accepted Answer

A) True 
 B)False

Exam 3: Ethics in Business

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.

Correct Answer
verified

Congress enacted the Sarbanes-Oxley Act to help reduce unethical management decisions.

Correct Answer
verified

The first step in making an ethical decision is to understand the problem.

Correct Answer
verified

Conduct that is legal is ethically unquestionable.

Correct Answer
verified

Congress does not pass laws based on ethics.

Correct Answer
verified

When making ethical decisions, a business should evaluate the financial implications.

Correct Answer
verified

Duty-based ethics is based in the idea that every business has certain duties to others.

Correct Answer
verified

Company codes of conduct set forth company policies and expectations for different issues.

Correct Answer
verified

Business ethics looks at whether business decisions

Correct Answer
verified

Cody makes a business decision based on financial outcomes first, and then attempts to argue that it is ethical as well when it may not be. Cody is

Correct Answer
verified

One view of the role of business in society is the perceived duty of a company only to generate revenue for its owners.

Correct Answer
verified

Ethical decision makers should test and reflect on the outcome of their decisions.

Correct Answer
verified

Exam 3: Ethics in Business

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.

Correct AnswerverifiedShow Answer

Congress enacted the Sarbanes-Oxley Act to help reduce unethical management decisions.

Correct AnswerverifiedShow Answer

The first step in making an ethical decision is to understand the problem.

Correct AnswerverifiedShow Answer

Conduct that is legal is ethically unquestionable.

Correct AnswerverifiedShow Answer

Congress does not pass laws based on ethics.

Correct AnswerverifiedShow Answer

When making ethical decisions, a business should evaluate the financial implications.

Correct AnswerverifiedShow Answer

Duty-based ethics is based in the idea that every business has certain duties to others.

Correct AnswerverifiedShow Answer

Company codes of conduct set forth company policies and expectations for different issues.

Correct AnswerverifiedShow Answer

Business ethics looks at whether business decisions

Correct AnswerverifiedShow Answer

Cody makes a business decision based on financial outcomes first, and then attempts to argue that it is ethical as well when it may not be. Cody is

Correct AnswerverifiedShow Answer

One view of the role of business in society is the perceived duty of a company only to generate revenue for its owners.

Correct AnswerverifiedShow Answer

Ethical decision makers should test and reflect on the outcome of their decisions.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified