Exam 2: Ethics in Business

Ethics includes the study of what constitutes

To avoid unethical practices by a foreign supplier, an effective business practice is to

Egan manages the ethics compliance program of Farm2Store, Inc., an organic food distribution company. In that capacity, Egan is most likely not in charge of

The National Restaurant Association announces a new industry code of ethics. The effectiveness of this code will be determined by

One benefit of the corporate form is that the ethical duties to different groups are clearly stated.

The utilitarian theory of ethics does not require

Duty-based ethical standards often come through philosophical reasoning.

Recreation & Sports Equipment Corporation sells a profit-generating product that is capable of seriously injuring consumers who misuse it in a foreseeable way. They are contemplating adding a warning to the product but that warning will increase the cost of the product and they are worried that it may scare some potential customers who might not buy the product. Thinking about the two main theories of the role of business in society, discuss whether Recreation & Sports Equipment Corporation behaves ethically by continuing to sell the product without warning.

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

An ethical code of conduct is not

Acting in good faith gives a business firm a better chance of defending its actions in court.

Companies' actions in other nations generally go unnoticed by "corporate watch" groups that publicize unethical corporate behavior.

Ignorance of the law will excuse a business owner from liability for violating a statute.

An ethics committee should not be part of a corporate department but should be independent and cross-departmental.

Ethics is the study of how to make the most money.

Ethics is a branch of philosophy that focuses on morality.

Gary is a driver with Fleet Trucking Inc. and transports hazardous waste. The company has warned Gary not to drive longer hours than federal regulations permit. One night, Gary drives for too many hours and has an accident near Home City where the spilled chemicals contaminate the local water source. If Fleet is accused of acting unethically, its best defense is that

In making business decisions for Grounds Maintenance, Inc., the firm's personnel manager Flo applies her belief that persons have fundamental rights. This is

Dian and other officers of Extraction Corporation apply the utilitarian theory of ethics in business contexts. This theory focuses on

A company that acts ethically, or in good faith, has a stronger position in litigation than a company that does not.