Exam 3: Ethics in Business

When profit maximization is the goal, a company does not benefit from ethical behavior.

According to the theory of corporate social responsibility, any decision by corporate management should consider how an action affects the firm's

The National Association of Manufacturers (NAM)announces a new industry code of ethics. The effectiveness of this code will be determined by

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

The utilitarian theory of ethics does not require

Corporate social responsibility links the responsibility of citizenship with the strategy and key principles of a business.

Ethics focuses on how persons making business decisions apply

Ethics is a branch of philosophy that focuses on morality.

To successfully apply the concept of corporate social responsibility, the key factor is

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

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

Once a law is passed to codify an ethical requirement, the ethical aspect of the action is no longer important.

Data Inc. adheres strictly to the goal of maximizing profits. Data will benefit from ethical behavior

Underscoring the importance of ethics is that the law is not always easy to interpret or apply because laws

Outcome-based ethics deals with traditional standards of behavior.

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.

A company's ethical code of conduct is not

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

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

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