Question 1

In studying the legal environment of business,students also review ethics in a business context. Ethics includes the study of what constitutes

Accepted Answer

A) fair or just behavior. 
B) financially rewarding behavior. 
C) legal behavior. 
D) religious behavior. 
A) fair or just behavior. 
B) financially rewarding behavior. 
C) legal behavior. 
D) religious behavior.

Question 2

Bribery of foreign government officials is both an ethical and a legal issue.

Accepted Answer

A) True 
 B)False

Question 3

To assist in detecting illegal bribes,International Civil Engineers,Inc.,and all other U.S. companies must

Accepted Answer

A) conceal financial records that reveal past bribes. 
B) keep records that "accurately and fairly" reflect their financial activities. 
C) make bribes through third parties rather than directly to officials. 
D) permit payments to foreign officials that are unlawful in that country. 
A) conceal financial records that reveal past bribes. 
B) keep records that "accurately and fairly" reflect their financial activities. 
C) make bribes through third parties rather than directly to officials. 
D) permit payments to foreign officials that are unlawful in that country.

Question 4

Invested Capital Corporation provides other firms with funds to expand op-erations.If InvestedCapital strictly complies with existing laws,the firm'sbusiness ethics obligations will

Accepted Answer

A) be entirely met. 
B) not be met. 
C) be partially met. 
D) not need to be met. 
A) be entirely met. 
B) not be met. 
C) be partially met. 
D) not need to be met.

Question 5

Acting in good faith gives a business firm a better chance of defending its actions in court.

Accepted Answer

A) True 
 B)False

Question 6

Flexo Trucking Company transports hazard-ous waste. Garn is a Flexo driver,whom the company knows drives longer hours than federal regula-tions permit. One night,Garn exceeds the limit and has an accident. Spilled chemicals contaminate Hill City's water source,forcing the residents to move away. Flexo acted unethically because

Accepted Answer

A) Flexo showed reckless disregard for Hill City's residents and others. 
B) Garn exceeded the federal time limit. 
C) harm was caused by an unfortunate accident. 
D) Hill City should have better protected its water source. 
A) Flexo showed reckless disregard for Hill City's residents and others. 
B) Garn exceeded the federal time limit. 
C) harm was caused by an unfortunate accident. 
D) Hill City should have better protected its water source.

Question 7

SuperMeds Corporation develops a new drug that controls severe acne. The drug is not approved by the government for sale in the United States because one of its ingredients is a banned chemical. This chemical is not banned in Mexico. Whether it is ethical for SuperMeds to sell the drug in Mexico depends on

Accepted Answer

A) theeffect of any "bad" publicity from the sale. 
B) the number of potential customers. 
C) which legal standards are applied. 
D) which ethical standards are applied. 
A) theeffect of any "bad" publicity from the sale. 
B) the number of potential customers. 
C) which legal standards are applied. 
D) which ethical standards are applied.

Question 8

Managers must apply the same ethical standards to their employees as they do to themselves.

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

Ryland,an officer for Sports Park,Inc.,attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

Accepted Answer

A) achieve the greatest good for the most people. 
B) avoid unethical behavior regardless of the consequences. 
C) conform to society's ethical standards. 
D) place his or her employer's interest first. 
A) achieve the greatest good for the most people. 
B) avoid unethical behavior regardless of the consequences. 
C) conform to society's ethical standards. 
D) place his or her employer's interest first.

Question 11

According to utilitarianism,it does not matter how many people suffer a negative effect from an act.

Accepted Answer

A) True 
 B)False

Question 12

If an action is legal,it is ethical.

Accepted Answer

A) True 
 B)False

Question 13

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

Accepted Answer

A) True 
 B)False

Question 14

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc.,applies her belief that all persons have fundamental rights. This is

Accepted Answer

A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism. 
A) a religious rule. 
B) the categorical imperative. 
C) the principle of rights. 
D) utilitarianism.

Question 15

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Accepted Answer

A) operators only. 
B) operators,owners,suppliers,the community,or society as a whole. 
C) owners only. 
D) suppliers,the community,or society as a whole only. 
A) operators only. 
B) operators,owners,suppliers,the community,or society as a whole. 
C) owners only. 
D) suppliers,the community,or society as a whole only.

Question 16

Some provisions of U.S. bribery laws are directed toward accountants.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Bob,research manager for CornAgri Products,Inc.,ap-plies utilitarian eth-ics to determine that an action is morally cor-rect when it produces the greatest good for

Accepted Answer

A) Bob. 
B) CornAgri. 
C) the fewest people. 
D) the most people. 
A) Bob. 
B) CornAgri. 
C) the fewest people. 
D) the most people.

Question 19

Ethics is the study of the principles that lead tofinancially successful conduct.

Accepted Answer

A) True 
 B)False

Question 20

Palette Paints,Inc. expends funds and takes steps to ensure that all employees are safe on the job,that all products are safe for consumers,and that the environmental impact of the corporation is minimal. Palette Paints appears to believe in the concept of

Accepted Answer

A) the moral minimum. 
B) corporate social responsibility. 
C) the categorical imperative. 
D) utilitarianism. 
A) the moral minimum. 
B) corporate social responsibility. 
C) the categorical imperative. 
D) utilitarianism.

Exam 9: Business Ethics

In studying the legal environment of business,students also review ethics in a business context. Ethics includes the study of what constitutes

Bribery of foreign government officials is both an ethical and a legal issue.

To assist in detecting illegal bribes,International Civil Engineers,Inc.,and all other U.S. companies must

Invested Capital Corporation provides other firms with funds to expand op-erations.If InvestedCapital strictly complies with existing laws,the firm'sbusiness ethics obligations will

Acting in good faith gives a business firm a better chance of defending its actions in court.

Managers must apply the same ethical standards to their employees as they do to themselves.

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

Ryland,an officer for Sports Park,Inc.,attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

According to utilitarianism,it does not matter how many people suffer a negative effect from an act.

If an action is legal,it is ethical.

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

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc.,applies her belief that all persons have fundamental rights. This is

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Some provisions of U.S. bribery laws are directed toward accountants.

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

Bob,research manager for CornAgri Products,Inc.,ap-plies utilitarian eth-ics to determine that an action is morally cor-rect when it produces the greatest good for

Ethics is the study of the principles that lead tofinancially successful conduct.

Palette Paints,Inc. expends funds and takes steps to ensure that all employees are safe on the job,that all products are safe for consumers,and that the environmental impact of the corporation is minimal. Palette Paints appears to believe in the concept of

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