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Exam 3: Ethics in Business

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Question 21

True/False

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Corporate "citizenship" involves making decisions beyond just maximizing profits and dividends.

A) True
B) False

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Question 22

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Holdings Corporation,a top-performing company,may be more likely to behave unethically if

A) its customers focus solely on the firm's profitability.
B) employees feel they are expected to continually perform at a high level to keep their jobs.
C) the company mandates a four-part analysis for each corporate decision being made.
D) the firm begins to focus on being good corporate citizens.

E) All of the above
F) B) and D)

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Question 23

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As part of the IDDR approach as described in the text,it is important to list many possible actions and analyze them using several different ethical theories.

A cost-benefit analysis is part of

Global businesses need to be conscious of the impact of different religious principles on ethics.

Under the "stakeholder view," no group ever has a greater stake in company decisions than the shareholders do.

Ethics has to do with how a businessperson making business decisions applies

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

Rationalization is the process of making a logical decision based in evidence and an analysis of the ethical dimensions of the decision.

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

Because social media is so widespread,it is legal and ethical for a company to have social media policies limiting employees from criticizing the company.

Judging a job applicant based on what an online search reveals about the applicant's activities outside the workplace universally is viewed as ethical.

Duty-based ethical standards are most likely to derive from

The triple bottom line looks at all of the following except

The effectiveness of an industry code of ethics is partly determined by the commitment of the industry or company leadership to enforce it.

Product Sales Inc.adheres strictly to the goal of maximizing profits.Even so,Product Sales will benefit from ethical behavior

Decision makers need to consider what they can and will do before they consider what they should do.

Under the principle of rights theory,the key factor in a decision is how the result may harm the rights of the company to make money.

Seafood Café Company makes products that can cause severe health problems to those with shellfish allergies.Seafood analyzes the cost of warning people of the risk (which they believe is obvious) and the risk of harm to people if no warning is included in advertising and on menus.This analysis most likely is part of

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