Exam 1: Business Ethics

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to​

Ethics is as clearly defined as the law.

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​

Frances, an executive with GMO Seed & Feed, 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. How should Frances decide whether to sell the product? How does the standard of ethics that is applied affect this answer?​

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

Effective corporate ethical policies must be clearly communicated to employees.

Ethics is the study of the principles that lead to financially successful conduct.

Codes of ethical conduct can indicate how employees are expected to act.

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

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

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

Business owners' misbehavior has no negative consequences for their business.

Metal Fabrication, 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. Metal's owners and management appear to believe in the concept of​

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

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.

Unless a corporation violates a law, its actions do not raise questions about corporate ethics.

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

Big Box Retail Stores, Inc. fires its employee Craig for criticizing his manager Daria in posts on social media forums. According to the National Labor Relations Board, this discharge is​

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

Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way. Does the firm owe an ethical duty to take this product off the market? What conflicts might arise if the firm stops selling this product?​