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Exam 3: Ethics and Business Decision Making

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Question 31

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

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Question 32

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Ignorance of a law excuses a business from liability for its vio?lation.

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Question 33

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Quality Paper Corporation (QPC) makes and sells its products nationwide.To be considered socially responsible when making a business decision,QPC could take into account the needs of

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

Del,vice-president of sales for EZ Products,Inc. ,adheres to relig?ious ethical standards.Their application involves an element of

Fealty Financial Corporation asks its employees to judge their actions and get on the ethical business decision-making "bandwagon." Guidelines for evaluating individual actions include all of the following except

Some consumers misuse the products of Hardware Gear,Inc. ,and are injured,although the products come with detailed instructions and warnings against misuse.In terms of responsibility,Hardware may have

Lacey,a vice-president of Medico Pharmaceuticals,Inc. ,does not ap?ply utilitarianism to business ethical issues.One problem with utili?tari?anism is that it

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

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

How a business owner or manager behaves may indicate to employees and others that unethical behavior will be tolerated.

Recreation & Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way.Does the firm owe an ethical duty to take this product off the market? What con?flicts might arise if the firm stops selling this product?

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

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

Corporate ethical policies should be well written to be effective.

In studying the legal environment of business,Professor Dooley's students also review ethics in a business context.Ethics includes the study of what constitutes

Ethical standards based on religious teachings tend to be absolute.

Housemate,Inc. ,makes and sells a variety of household products.With a fair amount of certainty,Housemate's decision makers can predict whether a given business action would be legal in

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

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