Exam 1: An Overview of Ethics

The Department of Justice has established sentencing guidelines that suggest stiffer penalties for convicted executives if their companies have ethics programs.

Arthur Andersen, once a major international accounting firm, was indicted for obstruction of justice, lost its auditing license, and eventually closed its U.S. offices based on the actions of a few employees even though they were performing in a manner contrary to corporate policy and their employer's directions. This is an example of the principle called respondeat superior or ____.

If the desired results are not achieved upon implementation of the solution, one should return to the "identify alternatives" step of the decision making process and rework the decision.

An individual's manager has very little impact on his/her ethical behavior.

The utilitarian approach to ethical decision making treats everyone the same and shows no favoritism or discrimination.