Exam 5: Ethics and Business Decision Making

Ergonomic Corporation convenes its employees for its managers to announce (1)a new company-wide ethical code of conduct,(2)an ad campaign to publicize the new code,and (3)the discharge of employees who do not adhere to the code.One of the most effective ways to set a tone of ethical behavior within a business organization is

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

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

One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide."

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Chuckie,president of DrinkUp Fresh Beverages,Inc.,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

An action may be legal and ethical.

Restricting the bonuses that are paid to executives is unethical.

Mariah works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of

Business ethics is consistent only with short-run profit maximization.

Kennedy Capital Corporation provides other firms with funds to expand op?erations.If Kenney strictly complies with existing laws,the firm will

Spencer Hydraulics Corporation's ethics committee is asked a business ethics question-should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method to investigate and solve this question involves all of the following steps except

According to utilitarianism,an action that affects the majority adversely is morally wrong.

John is sales manager for Kleen 'N Brite Products,Inc.Compared to John's personal activities,his business activities most likely involve

Setting realistic workplace goals can reduce the probability that employ?ees will act unethically.

Ethical standards would most likely be considered violated if Retail Mart Corporation deals with a company in a developing nation that

It may be unethical for a company with a product that is outlawed in one country to look elsewhere for a market.

A common ethical dilemma faced by the management of General Holdings Corporation involves the effect that its decision will have on

The legality of an action is always clear.

Flexo Trucking Company transports hazard?ous waste.Garn is a Flexo driver,whom the company knows drives longer hours than federal regulations 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