Exam 2: Business Ethics and Social Responsibility

"Everybody else does it" is a valid test for determining whether conduct is ethical.

Which of the following is not an element of the Nash test?

Colleges and universities are given complimentary trips, staff assistance, marketing stipends and other in-kind materials by companies that provide study-abroad programs for students in exchange for the colleges and universities marketing the programs exclusively to their student bodies. Students are not aware of the benefits the travel-abroad companies provide to their colleges and universities. Which category of ethical dilemma applies here?

Rationalization is an effective means of analysis for ethical issues.

Giving a false impression, although not actually an untruth, is still an ethical violation.

"If you think what we're doing now is bad, you should have seen 10 years ago at this company..." is an example of:

Sarbanes-Oxley is extensive congressional reform of federal laws that apply to corporations.

Ethics can provide a strategic advantage for companies.

Which of the following is not a question for the Blanchard/Peale test for ethical behavior?

The Divine Command theory is another name for:

Waiting your turn, while not a statute, is typically an ordinance.

Trust is not critical to investment or economic success.

Natural law and positive law are one and the same theories of ethical standards.

Which of the following is not important for capitalism to function?

In the Parable of the Sadhu , the hikers' climb is successful.

Natural law, unlike other rules, does not change.

Jane Eyring works for PharmaMeds, Inc. Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMed's new oral spray medication for individuals with adult onset diabetes. Jane has discovered that if those in the test group do not spray the medicine correctly or if they spray for too short of a time, the medicine is not effective, or as effective, and insulin shock has resulted in a few of the patients. Jane talks with one of her colleagues who responds, "Look, there's no need to stop the testing or the drug's release. Just tell them in the test and in the brochures that will be with the spray, 'Spray correctly! If you do not, you may not receive your necessary dose.'" Jane is not sure anyone can be 100% accurate in spraying all the time. Jane's ethical dilemma is:

The cost of a climb in the Himalayas is a point of pressure in the life and death ethical dilemmas climbers face.

Which of the following is not necessarily a benefit of using ethics as a business strategy?

Enron's failure to disclose its off-the-book debts was legal. Which of the following ethical categories do you think apply to that type of financial reporting?