Question 1

Outcome-based ethics deals with traditional standards of behavior.

Accepted Answer

A) True 
 B)False

Question 2

Artificial Intelligence Inc.sells to Beta Bots Corporation a promising idea for a technological innovation that is still being developed and that looks very promising.This is

Accepted Answer

A)  ethical and legal. 
B)  unethical but legal. 
C)  illegal and unethical. 
D)  unethical and illegal. 
A)  ethical and legal. 
B)  unethical but legal. 
C)  illegal and unethical. 
D)  unethical and illegal.

Question 3

Hale,research manager for Investor Fund,Inc. ,adheres to utilitarian ethics in making business and ethical decisions that involve the actions of the firm.According to this standard,an action is morally correct when it produces the greatest good for

Accepted Answer

A)  Hale. 
B)  Investor Fund. 
C)  the fewest people. 
D)  the most people. 
A)  Hale. 
B)  Investor Fund. 
C)  the fewest people. 
D)  the most people.

Question 4

When making decisions that are ethical under either profit maximization or corporate citizenship theories,a business should include all of the following steps except

Accepted Answer

A)  recognize that there is an ethical issue in the decision. 
B)  apply ethical theories to reasonable alternatives. 
C)  publicize the options you rejected with your reasons. 
D)  reflect on the outcome of the decision once it is made. 
A)  recognize that there is an ethical issue in the decision. 
B)  apply ethical theories to reasonable alternatives. 
C)  publicize the options you rejected with your reasons. 
D)  reflect on the outcome of the decision once it is made.

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

The Fraud Reduction and Data Analytics Act to prevent,detect,and respond to fraud in federal programs institutionalizes

Accepted Answer

A)  fraud. 
B)  ethical rights and duties. 
C)  federal programs. 
D)  corporate policy. 
A)  fraud. 
B)  ethical rights and duties. 
C)  federal programs. 
D)  corporate policy.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

Caryn is faced with making a business decision.As she thinks about the problem,she feels that there is no easy answer.She continues to think about what is making her uncomfortable about the situation before brainstorming possible solutions.If Caryn is using the IDDR approach to decision making,she is engaged in

Accepted Answer

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

Question 9

Flo,the manager of Grounds Maintenance Inc. ,must decide whether to use an herbicide that could be unhealthy to employees using it and to the public once it is on the ground.Flo might lose the client if she refuses to use the herbicide.If Flo analyzes the importance of good health and avoidance of disease to people in making her decision,she is likely using

Accepted Answer

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

Question 10

Conduct that is legal is ethically unquestionable.

Accepted Answer

A) True 
 B)False

Question 11

Ethical decision makers should test and reflect on the outcome of their decisions.

Accepted Answer

A) True 
 B)False

Question 12

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.

Accepted Answer

A) True 
 B)False

Question 13

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 14

When making ethical decisions,a business should evaluate the financial implications.

Accepted Answer

A) True 
 B)False

Question 15

"Be honest and treat people fairly." With respect to business ethics,implementing this motto is

Accepted Answer

A)  not important. 
B)  only important in democratic societies. 
C)  very important. 
D)  only important with large customers. 
A)  not important. 
B)  only important in democratic societies. 
C)  very important. 
D)  only important with large customers.

Question 16

Once a law is passed to codify an ethical requirement,the ethical aspect of the action is no longer important.

Accepted Answer

A) True 
 B)False

Question 17

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 18

Cynthia is the chief financial officer of Digital Corporation.In that capacity,when she is unsure whether a certain business action is legal,she should act

Accepted Answer

A)  in her own best interest. 
B)  honestly and responsibly. 
C)  in the short-run interest of Digital. 
D)  to maximize profit. 
A)  in her own best interest. 
B)  honestly and responsibly. 
C)  in the short-run interest of Digital. 
D)  to maximize profit.

Question 19

Congress does not pass laws based on ethics.

Accepted Answer

A) True 
 B)False

Question 20

According to the theory of corporate social responsibility,any decision by the management of Precision Processing Corporation should consider how a proposed action may affect only the

Accepted Answer

A)  firm's officers and shareholders. 
B)  firm's officers,shareholders,and suppliers,as well as the community,or society as a whole. 
C)  firm's shareholders. 
D)  firm's suppliers,the community,or society as a whole as well as the news media and local government. 
A)  firm's officers and shareholders. 
B)  firm's officers,shareholders,and suppliers,as well as the community,or society as a whole. 
C)  firm's shareholders. 
D)  firm's suppliers,the community,or society as a whole as well as the news media and local government.

Exam 3: Ethics in Business

Outcome-based ethics deals with traditional standards of behavior.

Artificial Intelligence Inc.sells to Beta Bots Corporation a promising idea for a technological innovation that is still being developed and that looks very promising.This is

Hale,research manager for Investor Fund,Inc. ,adheres to utilitarian ethics in making business and ethical decisions that involve the actions of the firm.According to this standard,an action is morally correct when it produces the greatest good for

When making decisions that are ethical under either profit maximization or corporate citizenship theories,a business should include all of the following steps except

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

The Fraud Reduction and Data Analytics Act to prevent,detect,and respond to fraud in federal programs institutionalizes

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

Conduct that is legal is ethically unquestionable.

Ethical decision makers should test and reflect on the outcome of their decisions.

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.

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

When making ethical decisions,a business should evaluate the financial implications.

"Be honest and treat people fairly." With respect to business ethics,implementing this motto is

Once a law is passed to codify an ethical requirement,the ethical aspect of the action is no longer important.

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.

Cynthia is the chief financial officer of Digital Corporation.In that capacity,when she is unsure whether a certain business action is legal,she should act

Congress does not pass laws based on ethics.

According to the theory of corporate social responsibility,any decision by the management of Precision Processing Corporation should consider how a proposed action may affect only the

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