Exam 7: Business Ethics

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What is right or wrong in a business decision involving ethical concerns is always a clear decision.

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False

When a manager acts toward a customer in a favorable way in the hope that the customer will return for future purchases,this is an example of:

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A

The set of values,norms,and rules that define a company are called:

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C

Explain what Thomas Donaldson and Thomas W.Dunfee meant by the concept of "moral free space."

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Distinguish between ethical universalism and ethical relativism.

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The idea that business should be conducted without considering ethical standards or societal ideals is known as the theory of:

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Demographic factors explain a lot about what individual qualities are associated with ethical behavior.

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When a company signs a DPA or NPA it is indicted.

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The theory that business actions are judged by the general ethical standards of society and not by a special set of more permissive standards is the theory of:

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Top managers are the strongest influence on the integrity of the company's managers.

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According to Thomas Donaldson and Thomas W.Dunfee,the right to political participation is a(n):

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Corporations are not allowed to invoke the _____ Amendment right against self-incrimination when prosecutors ask them to turn over documents related to a crime.

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When a civil court requires payments by a company to correct "concrete losses" experienced by injured parties,these payments are called:

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Discuss the difference,if any,between ethics and business ethics.How are they similar and different from one another?

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The study of which actions are "right" and which actions are "wrong" is called:

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When managers are convicted of a crime,their prison sentences are based on a(n):

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Standards of ethical behavior were arguably clearer in ancient Greek civilization than they are now.

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Discuss the three stages of a "civilization" as it typically develops over time.

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Identify the corporate culture level that encompasses formal statements of belief and intention.

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Explain what Thomas Donaldson and Thomas W.Dunfee meant by the concept of "hypernorms." Give examples of these types of norms.

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