Exam 1: An Overview of Ethics

In a nonprofit organization, the board of directors reports to the local community that it serves.

Because an activity is defined as legal, the activity is also considered ethical.

Ethics has risen to the top of the business agenda because risks associated with inappropriate behavior have increased, both in their likelihood and in their potential negative impact.

Which of the following steps in the decision-making process gathers and analyzes facts and also identifies stakeholders affected by the decision?

The goodwill that is created by which of the following can make it easier for corporations to conduct their business?

Briefly describe the difference between morals, ethics, and laws.

Discuss the role of the board of directors in creating an ethical organization.

Laws can proclaim an act as legal, although many people may consider the act immoral.

Based on a 2013 National Business Ethics Survey, the percentage of employees who said they reported misconduct in the workplace when they saw it is characterized by which of the following statements?

Ideally, the corporate ethics officer should be a well respected, senior-level manager who reports directly to the CEO.

Individual views on what is moral are so strongly held that there is nearly universal agreement in spite of differences in age, cultural group, ethnic background, religion, life experience, education, and gender.

Someone who stands to gain or lose, depending on how a situation is resolved is known as which of the following?

To extend to all people the same respect and consideration that you expect from them is considered which of the following character traits?

In which step of the decision-making process should the decision makers consider laws, guidelines, policies, and principles that might apply to the decision?

During which step of the decision-making process should one be extremely careful not to make assumptions about the situation?

Describe two trends that have increased the likelihood of unethical behavior.

Most people have developed a decision-making process they use almost automatically, without thinking about the steps they go through.

An organization's mission statement highlights its key ethical issues and identifies the overarching values and principles that are important to the organization and its decision making.

Legal acts conform to what an individual believes to be the right thing to do.

A clear, concise statement of an issue that needs to be addressed is known as which of the following?