Exam 5: Ethics and Business Decision Making

Managers must apply different standards to themselves than they apply to their employees.

According to utilitarianism, it does not matter how many people benefit from an act.

To act ethically is to think narrowly about what is best in the short run for one's employer.

Any decision by the management of Standard Business Corporation may significantly affect its

Ethical standards based on religious teachings tend to be absolute.

An ethics program can clarify what a company considers to be unacceptable conduct.

Max lies to Nora, his spouse. This is

Holly, a lawyer on the staff of International Group, applies the utilitar?ian theory of ethics in business contexts. Utilitarianism focuses on

If an action is ethical from an outcome-based perspective, it is always ethical from a duty-based perspective.

An action may be unethical but legal.

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

Tom, in making marketing decisions for United Products, Inc., takes a utili?tarian perspective. A characteristic statement of this philosophy is

Ethics is not concerned with the fairness or justness of an action.

Fact Pattern 5-B1 Leo runs an asset recovery business. In one case, he recruits clients by misrepresenting the facts and pretending to be licensed to practice law in Mississippi. He files gratuitous, malicious pleadings, lies to the court, and otherwise abuses the judicial process. Later, he involves himself in other cases in which he uses similar tactics. -Refer to Fact Pattern 5-B1. According to the description quoted by the court in Case 5.1, Baum v. Blue Moon Ventures LLC, Leo's conduct is

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

A business firm's profits may suffer if the firm acts unethically.

Business ethics focuses on ethical behavior in the business world.

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

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

Under the principle of rights theory, one person's set of values is as "right" as another's.