Exam 5: B: Ethics and Business Decision Making

Restricting the bonuses that are paid to executives is unethical.

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

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

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

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

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

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc. ,applies his belief that all persons have fundamental rights.This is

Made4U Goods,Inc. ,asks its employees,many of whom are mem?bers of the National Machinists Union,to apply the utilitarian theory of ethics.This theory does not require

Ophelia,an executive with Pharma Drug Distribution,Inc. ,has to decide whether to market a product that might have undesirable side effects for a small per?centage of users.How should Ophelia de?cide whether to sell the product? How does the standard of ethics that is applied affect this answer?

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

Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging individual actions include all of the following except

Focusing on a firm's short-term profits without considering the company's long-term needs may be acting unethically.

Business ethics focuses on ethical behavior in the business world.

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

Flexo Trucking Company transports hazard?ous 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

One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide."

Setting realistic workplace goals can reduce the probability that employ?ees will act unethically.

The minimal acceptable standard for ethical behavior is compliance with the law.

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

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.