Exam 3: Ethics and Business Decision Making

Lia works for Media Marketing Company.Her job includes putting "spin" on the firm's successes and failures.In this context,ethics consist of

A business firm can sometimes predict whether a given action is legal.

According to utilitarianism,it does not matter how many people benefit from an act.

To act ethically is to think narrowly about what is best in the short run for one's employer.

A common ethical dilemma faced by the management of Wheel Deals Corporation involves the effect that its decision will have on

Business ethics is consistent only with short-run profit maximization.

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

Corporate ethical policies and programs must be integrated throughout the firm to be effective.

Duty-based ethical standards imply that people have basic rights.

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

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

To be ethical is to "do the right thing" but it does not otherwise "pay."

General Auto,Inc. ,needs to cut costs by downsizing.In determin?ing which employees to discharge,General Auto will most likely weigh

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

Eagle Production Corporation could demonstrate a commitment to ethical behavior by

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

Equity Corporation provides other firms with funds to expand op?erations.Questions of what is ethical involve the extent to which Equity has

Ethics is not concerned with the philosophical basis for morality.

A business firm's profits may suffer if the firm acts unethically.

Manufactured Metals,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