Exam 2: Ethics and Business Decision Making

In ethical terms,a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

Bob,research manager for CornAgri Products,Inc.,applies utilitarian ethics to determine that an action is morally correct when it produces the greatest good for

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Setting realistic workplace goals can reduce the probability that employees will act unethically.

Ethical standards based on religious teachings tend to be absolute.

Solid Tool Company's decision makers view a particular risk in the use of Solid's product as open and obvious.Continuing to market the product without telling consumers of the risk could be justified from a perspective of

A business organization and its actions cannot be based on trust.

In making decisions for United Merchandising Company,Vance uses a cost-benefit analysis.This is part of

Global Distribution Corporation suggests that its employees apply the "categorical imperative" to ethical issues that arise at work.This requires that the employees

DeLouse Plastics Corporation pays its executives an excessive amount relative to other employees and to what executives at competitive companies are paid.This is most likely to be challenged as

Housemate,Inc.,makes and sells a variety of household products.With a fair amount of certainty,Housemate's decision makers can predict whether a given business action would be legal in

In business deals,Felipe,the chief executive officer of Glazed Donuts,Inc.,follows duty-based ethical standards.These are most likely derived from

Ethics is concerned with the fairness or justness of an action.

Corporate ethical policies must be clearly communicated to be effective.

Flexo Trucking Company transports hazardous waste.Garn is a Flexo driver,whom the company knows drives longer hours than federal regulations permit.One night,Garn exceeds the limit and has an accident.Spilled chemicals contaminate Hill City's water source,forcing the residents to move away.Flexo acted unethically because

Sharon,the human resources director for Tempo Corporation,attempts to comply with the law in dealing with applicants and employees.One of the challenges Sharon faces is that the legality of an action is

According to utilitarianism,an action that affects the majority adversely is morally wrong.

Ethical codes of conduct can set the ethical tone of a firm.

Dion,an accountant for Entertainment Sports,Inc.,attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job.This approach is based on the idea that a person must