Exam 5: Business Ethics

Precision Engineering Inc., like other corporations, is subject to laws that are broad in their purpose and their scope. Compliance with these laws is not always sufficient to determine "right" behavior because​

As CEO of Alabama Archery Supplies, Bertrand applies ethical standards derived from religious principles. For businesses, religious principles can be​

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's​

Corporations can be perceived as owing ethical duties to groups other than their shareholders.​

Mary works in the accounting department of New Trends Sales Company. Her job includes reviewing expense reports submitted by management and employees. In determining which expenses are "padding," Mary should apply to management​

The effectiveness of internal company codes of ethics is determined by the degree of their enforcement by legal authorities.​

Companies are required to set up confidential systems so that employees can "raise red flags" about suspected illegal or unethical accounting practices.​

Under the principle of rights theory, one person's principles are as "right" as another's.​

In a corporation, managers are often faced with ethical trade-offs when a certain decision will benefit one group, but harm another.​

Business ethics looks at the decisions that businesses make or have to make and whether those decisions are right or wrong.​

If an action is legal, it is ethical.​

It may be unethical for a company to refuse to negotiate liability claims for alleged injuries because of a faulty product.​

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.​

In making decisions for Commercial Janitorial & Maintenance Services, Inc., Isaiah uses a cost-benefit analysis. This analysis is part of​

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally correct when it produces the greatest good for​

Corporations can be viewed as "citizens" that are expected to participate in bettering society.​

The legality of an action is always clear.​

The study of ethics goes beyond legal requirements to evaluate what is right for society.​

Ethical standards would most likely be considered violated if Team Logos Merchandising Corporation deals with a company in a developing nation that​

Daisy works for eMarketing, Inc. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics has to do with how businesspersons, in making their decisions, apply​