Question 1

Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on

Accepted Answer

A)  moral values. 
B)  religious beliefs. 
C)  the consequences of an action. 
D)  the nature of an action. 
A)  moral values. 
B)  religious beliefs. 
C)  the consequences of an action. 
D)  the nature of an action. C

Question 2

An action may be legal but not ethical.

Accepted Answer

A) True 
 B)False  True

Question 3

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Accepted Answer

A)  more complex ethical issues. 
B)  no ethical issues. 
C)  simpler ethical issues. 
D)  the same ethical issues. 
A)  more complex ethical issues. 
B)  no ethical issues. 
C)  simpler ethical issues. 
D)  the same ethical issues. A

Question 4

Ethical standards based on religious teachings tend to be absolute.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A)  achieve the greatest good for the most people. 
B)  avoid unethical behavior regardless of the consequences. 
C)  conform to society's ethical standards. 
D)  place his or her employer's interest first. 
A)  achieve the greatest good for the most people. 
B)  avoid unethical behavior regardless of the consequences. 
C)  conform to society's ethical standards. 
D)  place his or her employer's interest first.

Question 6

Managers must apply different standards to themselves than they apply to their employees.

Accepted Answer

A) True 
 B)False

Question 7

Some U.S.bribery laws are directed toward accountants.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A)  categorize the issues according to legality, morality, and profitability. 
B)  consider only the benefits that would accrue to them personally. 
C)  look only at the result, regardless of the means to attain it. 
D)  weigh the consequences that would follow if everyone acted the same. 
A)  categorize the issues according to legality, morality, and profitability. 
B)  consider only the benefits that would accrue to them personally. 
C)  look only at the result, regardless of the means to attain it. 
D)  weigh the consequences that would follow if everyone acted the same.

Question 9

If an action is ethical from an outcome-based perspective,it is always ethical from a duty-based perspective.

Accepted Answer

A) True 
 B)False

Question 10

Bribery of foreign government officials is both an ethical and a legal issue.

Accepted Answer

A) True 
 B)False

Question 11

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not apply utilitarianism to business ethical issues.One problem with utilitarianism is that it

Accepted Answer

A)  gives business profits priority over production costs. 
B)  ignores the practical costs of a given set of circumstances. 
C)  requires complex cost-benefit analyses of simple situations. 
D)  tends to justify human costs that many find unacceptable. 
A)  gives business profits priority over production costs. 
B)  ignores the practical costs of a given set of circumstances. 
C)  requires complex cost-benefit analyses of simple situations. 
D)  tends to justify human costs that many find unacceptable.

Question 12

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Accepted Answer

A) True 
 B)False

Question 15

According to utilitarianism,it does not matter how many people suffer a negative effect from an act.

Accepted Answer

A) True 
 B)False

Question 16

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Accepted Answer

A)  a different set of principles from those that apply to other activities. 
B)  the same moral principles that apply to non-business activities. 
C)  those principles that produce the most favorable financial outcome. 
D)  whatever saves New Trends's "face." 
A)  a different set of principles from those that apply to other activities. 
B)  the same moral principles that apply to non-business activities. 
C)  those principles that produce the most favorable financial outcome. 
D)  whatever saves New Trends's "face."

Question 17

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)  all situations. 
B)  many situations. 
C)  no situations. 
D)  practically no situations. 
A)  all situations. 
B)  many situations. 
C)  no situations. 
D)  practically no situations.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Bilt-Well Construction Corporation makes a side payment to a government official in Nigeria to obtain a contract.In the United States,this is

Accepted Answer

A)  illegal and unethical. 
B)  illegal but not unethical. 
C)  unethical but not illegal. 
D)  legal and ethical. 
A)  illegal and unethical. 
B)  illegal but not unethical. 
C)  unethical but not illegal. 
D)  legal and ethical.

Exam 8: Ethics and Business Decision Making

Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on

An action may be legal but not ethical.

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Ethical standards based on religious teachings tend to be absolute.

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

Managers must apply different standards to themselves than they apply to their employees.

Some U.S.bribery laws are directed toward accountants.

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

If an action is ethical from an outcome-based perspective,it is always ethical from a duty-based perspective.

Bribery of foreign government officials is both an ethical and a legal issue.

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not apply utilitarianism to business ethical issues.One problem with utilitarianism is that it

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

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

A business firm's profits may suffer if the firm is not a "good corporate citizen."

According to utilitarianism,it does not matter how many people suffer a negative effect from an act.

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

The legality of an action is always clear.

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

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

Bilt-Well Construction Corporation makes a side payment to a government official in Nigeria to obtain a contract.In the United States,this is

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