Exam 5: A: Ethics and Business Decision Making

Ethical standards based on religious teachings tend to be absolute.

DeLouse Plastics Corporation pays its executives an excessive amount relative to other employees and to what executives at competitive companies are paid.This is most likely to be challenged as

Applied Business Corporation makes and markets its products nationwide.Under the stakeholder approach,to be considered socially responsible when making a business decision,Applied must take into account the needs of

A business organization and its actions cannot be based on trust.

Rio Business Corporation pays potential clients,including private foreign companies and the representatives of foreign labor organizations to facilitate business.If Rio knows that the payments will be passed on to a foreign government,this practice is

Quixotic Corporation decides to respond to what it sees as a moral obligation to cor?rect for past gender discrimi?nation by adjusting pay differences among its male and female employees.Does this raise an ethical conflict among those employees? Be?tween the employer and the em?ployees? Between the corporation and its shareholders? If so,how should it be resolved?

A business firm can sometimes predict whether a given action is legal.

If an action is ethical from an outcome-based perspective,then it cannot be ethical from a duty-based perspective.

Ethics is concerned with the fairness or justness of an action.

In deciding questions of corporate social responsibility,Valley Disposal & Recycling,Inc. ,is concerned with

Lia works for Media Marketing Company.Her job includes putting "spin" on the firm's successes and failures.In this context,ethics consist of

Under the principle of rights theory,one person's principles are as "right" as another's.

The role played by women may present some difficult ethical problems for firms doing business internationally.

To be ethical is to "do the right thing" but it does not otherwise "pay."

Simply obeying the law does not fulfill all ethical obligations.

Eden,the chief executive officer of Flo-Thru Piping Corporation,wants to en?sure that Flo-Thru's activities are legal and ethical.The best course for Eden and Flo-Thru is to act in

Corporate ethical policies must be clearly communicated to be effective.

Straitway Company encourages its managers to behave ethically,reasoning that the employees will take their cues from management.One of the most important ways to create and maintain an ethical behavior workplace is for management to

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

Bess runs Creditors Asset Recovery.She recruits clients by misrepresenting the facts and pretending to be licensed in various occupations in Michigan.Bess's conduct most likely warrants