Exam 5: Business Ethics

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

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

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

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 conflicts might arise if the firm stops selling this product

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

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

An overemphasis on long-run profit maximization is the most common reason that ethical problems occur in business.

Ricardo suspects his supervisor Simone of unethical accounting practices.But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo.An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

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

An action may be legal but not ethical.

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

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

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

The Sarbanes-Oxley Act requires companies to set up confidential systems so that employees and others can "raise red flags" about suspected illegal or unethical auditing and accounting practices.

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 based more on research than judgment.

It is always clear what is ethical in a given situation.

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

Ryland,an officer for Sports Park,Inc.,attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job.This approach is based on the idea that a person must

Green Hybrid Auto Corporation pays its executives an excessive amount relative to what lower-level employees at the company receive and to what executives at competitive companies are paid.Green Hybrid's pay scale is most likely to be challenged as