Question 1

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

Accepted Answer

A) True 
 B)False

Question 2

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Accepted Answer

A) True 
 B)False

Question 3

As part of the IDDR approach described in the text, it is important to list many possible actions and analyze them using several different ethical theories.

Accepted Answer

A) True 
 B)False

Question 4

To avoid unethical practices by a foreign supplier, an effective business practice is to

Accepted Answer

A)  pay foreign employees at U.S. pay rates.
B)  have suppliers sign contracts affirming that they will behave ethically.
C)  routinely monitor the foreign workplaces.
D)  obtain a legislative decree that the supplier is ethical.E) A) and B)
F) B) and C)

Question 5

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Accepted Answer

When a corporate executive has to decide...

Question 6

Teresa must resolve a business problem for which she believes there is no easy answer. She identifies the reasons for this belief before analyzing solutions. In terms of the IDDR approach, this is

Accepted Answer

A)  the discussion step.
B)  the decision step.
C)  the inquiry step.
D)  the review step.E) B) and D)
F) A) and D)

Question 7

Conduct that is legal is ethically unquestionable.

Accepted Answer

A) True 
 B)False

Question 8

A cost-benefit analysis is part of

Accepted Answer

A)  a duty-based ethics approach.
B)  corporate social responsibility.
C)  the principle of rights theory.
D)  utilitarianism.E) None of the above
F) A) and D)

Question 9

Ray, the manager of Soy Farm Inc., must decide whether to plant genetically modified seed that could spread to the crop of an adjacent farm, whose owner opposes its use. Not using the seed could cut Soy's production and profitability, impacting its owners, employees, creditors, and others. If Ray considers all of these factors in making his decision, he is likely applying

Accepted Answer

A)  religious principles.
B)  the categorical imperative.
C)  the principle of rights theory.
D)  utilitarianism.E) A) and D)
F) B) and D)

Question 10

Rationalization is the process of making a logical decision based in evidence and an analysis of the ethical dimensions of the decision.

Accepted Answer

A) True 
 B)False

Question 11

A business corporation that acts to ensure its employees are treated fairly and its operations minimally impact the environment is applying the concept of

Accepted Answer

A)  moral minimum.
B)  corporate social responsibility.
C)  categorical imperative.
D)  triple bottom line.E) A) and D)
F) All of the above

Question 12

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Accepted Answer

A)  taking immediate action in response to unethical conduct.
B)  imposing sanctions disproportionate to misconduct.
C)  distributing rewards without regard to ethics.
D)  ignoring small breaches of company rules.E) B) and C)
F) All of the above

Exam 3: Ethics in Business

A cost-benefit analysis is part of

Correct Answer
verified

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Correct Answer
verified

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

Correct Answer
verified

A business corporation that acts to ensure its employees are treated fairly and its operations minimally impact the environment is applying the concept of

Correct Answer
verified

Rationalization is the process of making a logical decision based in evidence and an analysis of the ethical dimensions of the decision.

Correct Answer
verified

To avoid unethical practices by a foreign supplier, an effective business practice is to

Correct Answer
verified

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Correct Answer
verified
When a corporate executive has to decide...
View Answer

Teresa must resolve a business problem for which she believes there is no easy answer. She identifies the reasons for this belief before analyzing solutions. In terms of the IDDR approach, this is

Correct Answer
verified

As part of the IDDR approach described in the text, it is important to list many possible actions and analyze them using several different ethical theories.

Correct Answer
verified

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Correct Answer
verified

Correct Answer
verified

Conduct that is legal is ethically unquestionable.

Correct Answer
verified

Exam 3: Ethics in Business

A cost-benefit analysis is part of

Correct AnswerverifiedShow Answer

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired)instead of subjective impacts on stakeholders.

Correct AnswerverifiedShow Answer

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

Correct AnswerverifiedShow Answer

A business corporation that acts to ensure its employees are treated fairly and its operations minimally impact the environment is applying the concept of

Correct AnswerverifiedShow Answer

Rationalization is the process of making a logical decision based in evidence and an analysis of the ethical dimensions of the decision.

Correct AnswerverifiedShow Answer

To avoid unethical practices by a foreign supplier, an effective business practice is to

Correct AnswerverifiedShow Answer

Lily, an executive with Medico Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

Correct AnswerverifiedWhen a corporate executive has to decide...View AnswerShow Answer

Teresa must resolve a business problem for which she believes there is no easy answer. She identifies the reasons for this belief before analyzing solutions. In terms of the IDDR approach, this is

Correct AnswerverifiedShow Answer

As part of the IDDR approach described in the text, it is important to list many possible actions and analyze them using several different ethical theories.

Correct AnswerverifiedShow Answer

Basil and other managers employed by Creosote Company are most likely to find that unethical behavior in the workplace can be deterred by

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Conduct that is legal is ethically unquestionable.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
When a corporate executive has to decide...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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