Exam 5: Business Ethics

Religious rules generally are absolute with respect to the behavior of their adherents.

In making business decisions, Ridgeline Utility Service Company and other corporations should strive to be "good citizens" by evaluating

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

Discount Mart Corporation contracts with companies in developing nations to produce goods, because the wage rates in those nations are significantly lower than those in the United States. Discount Mart takes steps to avoid bad publicity by monitoring its suppliers' workplaces to make sure that the employees are not mistreated. Discount Mart is

Steaks n' Fries Restaurant Company's decision makers view a particular risk in the consumption of Steaks n' Fries' products as open and obvious. Continuing to market the products without explicitly telling consumers of the risk could be justified from a perspective of

Ethics is based more on research than judgment.

Originally, the only goal or duty of a corporation was to maximize profits.

Petro Refining Corporation makes payments to potential customers, suppliers, and others with whom they might do business, including foreign private companies and the representatives of foreign labor organizations. If Petro knows that these payments will be passed on to a foreign government, this practice is

Ronelle, the human resources director for Small Business Solutions, Inc., at?tempts to comply with the law in dealing with applicants and employ?ees. One of the challenges Ronelle faces is that the legality of an action is

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

Digital Analytics, Inc., considers the impact of its corporate decisions on various groups and often acts in the interest of a group that has a greater stake in a decision than Digital's shareholders. This approach is most likely to attract potential employees who are

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

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

Precision Tool Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way, even though the label warns against the misuse. Does the firm have an ethical duty to take this product off the market? What con?flicts might arise if the firm stops selling this product?

Corporations can demonstrate corporate social responsibility by promoting goals that society deems worthwhile.

The study of business ethics is concerned with the purposes of a business and how that business achieves those purposes.

Comfort Foods Corporation makes and markets its products nationwide. To be considered socially responsible when making a business decision, Comfort Foods must take into account the needs of

Managers must apply the same standards to themselves as they do to the company's employees.

Carney & Deb, Accountants, perform a variety of tasks for their clients-financial statements and tax returns, for example. To accomplish these tasks, Carney & Deb collects their clients' personal and financial information. Carney & Deb can store the personal and financial information of its clients on any electronic device, including a smartphone, a tablet, a flash drive, a laptop, and a copier. When Carney & Deb upgrades its storage media, the information is transferred between devices. Does Carney & Deb have an ethical obligation to its clients with respect to this information? If so, what are the ethics in the situation?

Corporate Security Company provides other firms with security services. Questions of what is ethical involve the extent to which Corporate Security has