Question 1

Ethics is important because laws may not always be easy to interpret or apply.This is because

Accepted Answer

A)   laws are very organized and structured and so are complicated to read.
B)   laws represent the will of the people and that will is often changing.
C)   laws are created by the political process and are the result of compromise.
D)   laws often have definition provisions to explain the meaning of terms.E) C) and D)
F) B) and D)

Question 2

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

Accepted Answer

A) True 
 B)False

Question 3

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Accepted Answer

A)   the highest ethical level.
B)   the lowest ethical level.
C)   the only ethical level.
D)   irrelevant.E) A) and B)
F) None of the above

Question 4

If a company 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 5

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Accepted Answer

A)   protocols for company meetings.
B)   questions of workplace diversity.
C)   compliance with environmental regulations.
D)   application of safety standards.E) A) and D)
F) None of the above

Question 6

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Accepted Answer

A) True 
 B)False

Question 7

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Accepted Answer

A) True 
 B)False

Question 8

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Accepted Answer

A)   the moral minimum.
B)   corporate social responsibility.
C)   the categorical imperative.
D)   the triple bottom line.E) A) and B)
F) B) and D)

Question 9

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) None of the above
F) B) and C)

Question 10

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Accepted Answer

A)   compares to religious principles.
B)   affects the rights of others.
C)   causes consequences that would follow if everyone acted the same way.
D)   supports the right to make a profit.E) A) and B)
F) None of the above

Question 11

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Exam 3: Ethics in Business

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Correct Answer
verified

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Correct Answer
verified

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

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

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Correct Answer
verified

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Correct Answer
verified

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Correct Answer
verified

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Correct Answer
verified

Ethics is important because laws may not always be easy to interpret or apply.This is because

Correct Answer
verified

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

Correct Answer
verified

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Correct Answer
verified

If a company strictly complies with existing laws,the firm will

Correct Answer
verified

Exam 3: Ethics in Business

Under the principle of rights theory,a key factor in determining whether a business decision is ethical is how that decision

Correct AnswerverifiedShow Answer

Lucy is a business manager for Manufacturing Company.Ethical issues that Lucy is not likely to encounter include determining

Correct AnswerverifiedShow Answer

The study of ethics goes no further than the requirements of the law to evaluate what is right for society.

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

With respect to what society will tolerate,a company's compliance with the law,and no more,is

Correct AnswerverifiedShow Answer

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Correct AnswerverifiedShow Answer

ChemCo Inc.expends funds and takes steps to ensure that all employees are treated fairly and that the environmental impact of the corporation is minimal.This is the concept of

Correct AnswerverifiedShow Answer

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Correct AnswerverifiedShow Answer

Ethics is important because laws may not always be easy to interpret or apply.This is because

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Under the categorical imperative,an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Correct AnswerverifiedShow Answer

If a company strictly complies with existing laws,the firm will

Correct AnswerverifiedShow Answer

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