Question 1

Dion, an accountant for Engineering Associates, Inc., attempts to apply the duty approach to ethical reasoning in conflicts that occur on the job. This ap?proach is based on the idea that a person must

Accepted Answer

A)   achieve the greatest good for the most people.
B)   avoid unethical behavior regardless of the consequences.
C)   conform to society's ethical standards.
D)   place his or her employer's interest first.

Question 2

Equity Capital Corporation provides other firms with funds to expand op?erations. Questions of what is ethical involve the extent to which Equity has

Accepted Answer

A)   a legal duty beyond those duties mandated by ethics.
B)   an ethical duty beyond those duties mandated by law.
C)   any duty beyond those mandated by both ethics and the law.
D)   any duty when it is uncertain whether a legal duty exists.

Question 3

Superior Corporation engages in ethical behavior solely for the purpose of get?ting good publicity and thereby increasing profits. Superior is

Accepted Answer

A)   acting unethically in its pursuit of publicity.
B)   acting unethically in its pursuit of profits.
C)   acting unethically in its setting of priorities.
D)   not acting unethically.

Question 4

Establishing which duties take priority over others determines a firm's views on corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 5

Eagle Manufacturing Corporation could demonstrate a commitment to ethical behavior by

Accepted Answer

A)   complying with the law only.
B)   implementing ethical programs only.
C)   making a profit only.
D)   complying with the law, establishing ethics codes, and making money.

Question 6

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

Accepted Answer

A)   "bad" versus "good" publicity.
B)   questions of rightness and wrongness.
C)   the firm's quarterly revenue.
D)   whatever is legal. B

Question 7

Nora's best criticism of utilitari?anism is that it

Accepted Answer

A)   encourages unethical behavior.
B)   fosters conformance with society's standards.
C)   mandates acting in an employer's best interest.
D)   results in human costs many persons find unacceptable.

Question 8

The roles that women play in some foreign countries may present some difficult ethical problems for firms doing business internationally.

Accepted Answer

A) True 
 B)False

Question 9

Rob, the owner of Super Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a busi?ness decision is ethical is how that decision affects

Accepted Answer

A)   the right determination under a cost-benefit analysis.
B)   the rights of others.
C)   the "right" thing to do.
D)   the right to make a profit.

Question 10

In the interest of preserving personal freedom, the law codifies all ethical requirements.

Accepted Answer

A) True 
 B)False

Question 11

Some consumers misuse the products of Hardware Supplies, Inc., and are injured. In terms of responsibility, Hardware may have

Accepted Answer

A)   a legal duty only.
B)   an ethical and a legal duty.
C)   an ethical duty only.
D)   neither an ethical nor a legal duty. C

Question 12

Manufactured Goods, Inc., asks its employees, many of whom are mem?bers of the National Machinists Union, to apply the utilitarian theory of ethics. This theory does not require

Accepted Answer

A)   a choice among alternatives that will produce maximum so?cietal utility.
B)   a determination of whom an action will affect.
C)   an assessment of the effects of alternatives on those affected.
D)   the acquiring of the means of production by workers.

Question 13

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

Accepted Answer

A)   one group as opposed to another.
B)   the firm's competitors.
C)   the government.
D)   all of the choices. A

Question 14

Corporate ethical policies and programs must be integrated throughout the firm to be effective.

Accepted Answer

A) True 
 B)False

Question 15

Energy Research Corporation asks its employees to consider ethical be?hav?ior from a "categorical imperative" perspective. This approach

Accepted Answer

A)   categorizes certain actions as imperative.
B)   considers the consequences to follow if everyone acted the same.
C)   focuses on categories of rights and privileges.
D)   imposes sanctions on those who behave unethically.

Question 16

Ethical codes of conduct can set the ethi?cal tone of a firm.

Accepted Answer

A) True 
 B)False

Question 17

Simply obeying the law does not fulfill all ethical obligations.

Accepted Answer

A) True 
 B)False

Question 18

In deciding questions of corporate social responsibility, Mega Deals, Inc., is concerned with

Accepted Answer

A)   how the corporation can best fulfill its duty to society.
B)   the effect on corporate profits of ignoring any duty to society.
C)   whether the corporation owes a duty to society.
D)   all of the choices.

Question 19

Import-Export Sales, Inc., like other businesses, has duties pre?scribed by

Accepted Answer

A)   ethics and the law.
B)   ethics only.
C)   the law only.
D)   the market only.

Question 20

Bob, research manager for Corn Products, Inc., ap?plies utilitarian ethics to determine that an action is morally cor?rect when it produces

Accepted Answer

A)   the greatest good for Bob.
B)   the greatest good for the most people.
C)   the least good for the fewest people.
D)   the least good for the most people.

Exam 5: Ethics and Business Decision Making

Dion, an accountant for Engineering Associates, Inc., attempts to apply the duty approach to ethical reasoning in conflicts that occur on the job. This ap?proach is based on the idea that a person must

Correct AnswerverifiedShow Answer

Equity Capital Corporation provides other firms with funds to expand op?erations. Questions of what is ethical involve the extent to which Equity has

Correct AnswerverifiedShow Answer

Superior Corporation engages in ethical behavior solely for the purpose of get?ting good publicity and thereby increasing profits. Superior is

Correct AnswerverifiedShow Answer

Establishing which duties take priority over others determines a firm's views on corporate social responsibility.

Correct AnswerverifiedShow Answer

Eagle Manufacturing Corporation could demonstrate a commitment to ethical behavior by

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedB

Nora's best criticism of utilitari?anism is that it

Correct AnswerverifiedShow Answer

The roles that women play in some foreign countries may present some difficult ethical problems for firms doing business internationally.

Correct AnswerverifiedShow Answer

Rob, the owner of Super Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a busi?ness decision is ethical is how that decision affects

Correct AnswerverifiedShow Answer

In the interest of preserving personal freedom, the law codifies all ethical requirements.

Correct AnswerverifiedShow Answer

Some consumers misuse the products of Hardware Supplies, Inc., and are injured. In terms of responsibility, Hardware may have

Correct AnswerverifiedC

Manufactured Goods, Inc., asks its employees, many of whom are mem?bers of the National Machinists Union, to apply the utilitarian theory of ethics. This theory does not require

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedA

Corporate ethical policies and programs must be integrated throughout the firm to be effective.

Correct AnswerverifiedShow Answer

Energy Research Corporation asks its employees to consider ethical be?hav?ior from a "categorical imperative" perspective. This approach

Correct AnswerverifiedShow Answer

Ethical codes of conduct can set the ethi?cal tone of a firm.

Correct AnswerverifiedShow Answer

Simply obeying the law does not fulfill all ethical obligations.

Correct AnswerverifiedShow Answer

In deciding questions of corporate social responsibility, Mega Deals, Inc., is concerned with

Correct AnswerverifiedShow Answer

Import-Export Sales, Inc., like other businesses, has duties pre?scribed by

Correct AnswerverifiedShow Answer

Bob, research manager for Corn Products, Inc., ap?plies utilitarian ethics to determine that an action is morally cor?rect when it produces

Correct AnswerverifiedShow Answer

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B

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C

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A

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