Exam 7: Ethics and Business Decision Making

Managers should apply the same ethical standards to themselves and to their employees.

MeatMen, Inc. spends a great deal of money and effort to ensure that all employees are safe on the job, that all products are safe for consumers, and that the environmental impact of the corporation is minimal. MeatMen appears to strongly believe in the concept of

Management's behavior sets the ethical tone of a firm.

Business ethics is not more complicated than personal ethics.

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

Megan is the ethics officer for Nature's Eggs, Inc., an organic egg raising company. In overseeing the application of the company's ethical code of conduct, Megan is most likely not in charge of

Rio Business Corporation pays potential clients, including private foreign companies and the representatives of foreign labor organizations to facilitate business. If Rio knows that the payments will be passed on to a foreign government, this practice is

The main individual beneficiaries of stock buybacks are corporate executives.

If the interests of different stakeholders conflict, it can be difficult to determine which group's interest should receive greater weight.

David, the chief accounting officer of Tension Fencing Corporation, wants to be sure that all the company's accounts are legal and ethical. Sometimes, however, he is unsure exactly what is legal and what is illegal. David should

EthicsPoint is an organization through which employees can report unethical behavior as long as they are willing to identify themselves.

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

Some companies set up confidential systems for employees to "raise red flags" about suspected unethical practices.

In making a decision as chief executive officer of Straightarrow Archery Supplies, Robin always considers whether he would feel any guilt about a particular action. As a guide, Robin is using

Ryan, the owner of SuperMart Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision affects

Restricting the bonuses that are paid to executives is unethical.

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

Flexo Trucking Company transports hazard?ous waste. Garn is a Flexo driver, whom the company knows drives longer hours than federal regula?tions 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

Bob, research manager for CornAgri Products, Inc., ap?plies utilitarian eth?ics to determine that an action is morally cor?rect when it produces the greatest good for

Lyle, vice-president of sales for Mi-T Electric, Inc., adheres to Judeo-Christian re?lig?ious ethical standards. With respect to their application, these standards are