Question 1

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Accepted Answer

A) True 
 B)False

Question 2

Build-It Inc. applied an inexpensive but untested technique to brace a transit tunnel wall. The technique was legal but the tunnel collapsed, killing several commuters. Build-It's action was

Accepted Answer

A)  unethical because the technique was untested.
B)  ethical because the technique was legal.
C)  unethical because the technique was inexpensive.
D)  ethical because the technique inexpensive and untested.E) A) and B)
F) A) and C)

Question 3

One of the most important ways to maintain an ethical workplace is for management to set standards and expectations for ethical behavior.

Accepted Answer

A) True 
 B)False

Question 4

Duty-based ethics is based in the idea that every business has certain duties to others.

Accepted Answer

A) True 
 B)False

Question 5

Because it may be unclear how a court will interpret and apply a law, companies can ensure decisions are viewed as ethical by documenting their own interpretation of the law.

Accepted Answer

A) True 
 B)False

Question 6

One view of the role of business in society is the perceived duty of a company only to generate revenue for its owners.

Accepted Answer

A) True 
 B)False

Question 7

Outcome-based ethics determines what is ethical by looking at the potential benefits and harms of a given action.

Accepted Answer

A) True 
 B)False

Question 8

Corporate social responsibility may increase a business's reputation or goodwill.

Accepted Answer

A) True 
 B)False

Question 9

Global businesses need to be conscious of the impact of different religious principles on ethics.

Accepted Answer

A) True 
 B)False

Question 10

Business ethics looks at whether business decisions

Accepted Answer

A)  are right or wrong.
B)  derive from well-known business principles.
C)  follow legal doctrine.
D)  align with corporate policy.E) A) and B)
F) None of the above

Question 11

Questions of what is ethical involve the extent to which a company has

Accepted Answer

A)  a legal duty beyond those duties mandated by ethics.
B)  an ethical duty beyond those duties mandated by law.
C)  any duty beyond those mandated by both ethics and the law.
D)  any duty when it is uncertain whether a legal duty exists.E) C) and D)
F) B) and D) B

Question 12

The first step in making an ethical decision is to understand the problem.

Accepted Answer

A) True 
 B)False

Question 13

Under the categorical imperative, an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Accepted Answer

A) True 
 B)False

Question 14

Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.

Accepted Answer

A) True 
 B)False  False

Question 15

Ethical issues that a business manager is not likely to encounter include

Accepted Answer

A)  protocols for company meetings.
B)  questions of workplace diversity.
C)  compliance with environmental regulations.
D)  application of safety standards.E) A) and D)
F) None of the above

Question 16

If a company strictly complies with existing laws, the firm will

Accepted Answer

A)  fulfill all business ethics obligations.
B)  fulfill no business ethics obligations.
C)  fulfill some business ethics obligations.
D)  not need to fulfill any business ethics obligations.E) A) and D)
F) B) and C) C

Question 17

A highly successful company is most likely to behave more unethically than a less successful firm if

Accepted Answer

A)  both companies' clients and customers focus solely on profitability.
B)  employees are expected to continue performing at a high level.
C)  the government does not investigate the source of the success.
D)  the successful company focuses on long-run profit maximization.E) None of the above
F) A) and D)

Question 18

Once a company has investigated any foreign suppliers, it is unnecessary to continue to monitor those suppliers.

Accepted Answer

A) True 
 B)False

Question 19

Company codes of conduct outline company policies on particular issues and how employees are expected to act.

Accepted Answer

A) True 
 B)False

Question 20

Congress does not pass laws based on ethics.

Accepted Answer

A) True 
 B)False

Exam 3: Ethics in Business

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Correct AnswerverifiedShow Answer

Build-It Inc. applied an inexpensive but untested technique to brace a transit tunnel wall. The technique was legal but the tunnel collapsed, killing several commuters. Build-It's action was

Correct AnswerverifiedShow Answer

One of the most important ways to maintain an ethical workplace is for management to set standards and expectations for ethical behavior.

Correct AnswerverifiedShow Answer

Duty-based ethics is based in the idea that every business has certain duties to others.

Correct AnswerverifiedShow Answer

Because it may be unclear how a court will interpret and apply a law, companies can ensure decisions are viewed as ethical by documenting their own interpretation of the law.

Correct AnswerverifiedShow Answer

One view of the role of business in society is the perceived duty of a company only to generate revenue for its owners.

Correct AnswerverifiedShow Answer

Outcome-based ethics determines what is ethical by looking at the potential benefits and harms of a given action.

Correct AnswerverifiedShow Answer

Corporate social responsibility may increase a business's reputation or goodwill.

Correct AnswerverifiedShow Answer

Global businesses need to be conscious of the impact of different religious principles on ethics.

Correct AnswerverifiedShow Answer

Business ethics looks at whether business decisions

Correct AnswerverifiedShow Answer

Questions of what is ethical involve the extent to which a company has

Correct AnswerverifiedB

The first step in making an ethical decision is to understand the problem.

Correct AnswerverifiedShow Answer

Under the categorical imperative, an unethical decision that would have only a small impact is acceptable as long as no one else in society acts the same way.

Correct AnswerverifiedShow Answer

Under the principle of rights theory, the key factor in a decision is how the result may harm the rights of the company to make money.

Correct AnswerverifiedFalse

Ethical issues that a business manager is not likely to encounter include

Correct AnswerverifiedShow Answer

If a company strictly complies with existing laws, the firm will

Correct AnswerverifiedC

A highly successful company is most likely to behave more unethically than a less successful firm if

Correct AnswerverifiedShow Answer

Once a company has investigated any foreign suppliers, it is unnecessary to continue to monitor those suppliers.

Correct AnswerverifiedShow Answer

Company codes of conduct outline company policies on particular issues and how employees are expected to act.

Correct AnswerverifiedShow Answer

Congress does not pass laws based on ethics.

Correct AnswerverifiedShow Answer

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B

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False

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C

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