Question 1

Which of the following statements about business ethics is false?

Accepted Answer

A)   It concerns the impact of a business's activities on society.
B)   It refers to principles and standards that define acceptable behavior in business organizations.
C)   It relates to an individual's values and moral standards and the resulting business decisions he or she makes.
D)   What is ethical is determined by the public,government regulators,interest groups,competitors,and each individual's personal moral values.
E)   Studying it can help you recognize ethical issues and understand how others make unethical decisions.F) C) and D)
G) B) and D)

Question 2

The most common way that businesses exercise community responsibility is through.

Accepted Answer

A)   codes of ethics.
B)   environmental reports.
C)   obeying the law.
D)   recycling.
E)   contributions to charitable organizations.F) A) and B)
G) All of the above

Question 3

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

Accepted Answer

A)   Dodd-Frank
B)   Federal Trade Commission
C)   Foreign Corrupt Practices
D)   Sarbanes-Oxley
E)   Sherman AntitrustF) A) and B)
G) B) and E)

Question 4

Which is not a dimension of social responsibility?

Accepted Answer

A)   Legal
B)   Philosophic
C)   Economic
D)   Voluntary
E)   EthicalF) A) and B)
G) A) and E)

Question 5

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Accepted Answer

A)   code of ethics.
B)   opportunity.
C)   moral philosophy.
D)   guideline.
E)   law.F) A) and D)
G) B) and D)

Question 6

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

Accepted Answer

A) True 
 B)False

Question 7

All a business has to do to maintain ethical conduct is to follow the law.

Accepted Answer

A) True 
 B)False

Question 8

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

Accepted Answer

A) True 
 B)False

Question 9

The principles and standards that determine acceptable conduct in business are referred to as

Accepted Answer

A)   norms.
B)   strategies.
C)   ethics.
D)   laws.
E)   rules.F) C) and D)
G) All of the above

Question 10

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

Accepted Answer

A)   plagiarism.
B)   business relationships.
C)   communications.
D)   fairness and honesty.
E)   conflicts of interest.F) D) and E)
G) A) and B)

Question 11

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

Accepted Answer

A)   keeping a secret.
B)   career advancement.
C)   plagiarism.
D)   bullying.
E)   bribery.F) B) and E)
G) A) and C)

Question 12

Codes of ethics foster ethical behavior by

Accepted Answer

A)   expanding the opportunity to behave unethically by providing rewards for following the rules.
B)   limiting the opportunity to behave unethically by providing punishments for violations of the rules and standards.
C)   limiting the opportunity to behave unethically by providing rewards for violations of the rules and standards.
D)   expanding the opportunity to behave ethically by providing punishments for following the rules.
E)   encouraging employees to bend the rules.F) A) and C)
G) None of the above

Question 13

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

Accepted Answer

Students' answers will vary,but they sho...

Question 14

What is business ethics?

Accepted Answer

Business ethics refers to principles and...

Exam 2: Business Ethics and Social Responsibility

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

Correct Answer
verified

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

Correct Answer
verified

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

Correct Answer
verified
Students' answers will vary,but they sho...
View Answer

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

Correct Answer
verified

Which is not a dimension of social responsibility?

Correct Answer
verified

Which of the following statements about business ethics is false?

Correct Answer
verified

Codes of ethics foster ethical behavior by

Correct Answer
verified

All a business has to do to maintain ethical conduct is to follow the law.

Correct Answer
verified

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Correct Answer
verified

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

Correct Answer
verified

The most common way that businesses exercise community responsibility is through.

Correct Answer
verified

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

Correct Answer
verified

What is business ethics?

Correct Answer
verified
Business ethics refers to principles and...
View Answer

The principles and standards that determine acceptable conduct in business are referred to as

Correct Answer
verified

Exam 2: Business Ethics and Social Responsibility

The ______ Act criminalized securities fraud and toughened penalties for corporate fraud.

Correct AnswerverifiedShow Answer

Establishing and enforcing ethical standards and policies within business can help reduce unethical behavior by prescribing which activities are acceptable and which are not and by removing the opportunity to act unethically.

Correct AnswerverifiedShow Answer

Choose an issue that has been prominently featured in the news and discuss the ethical implications of this issue.Make sure to define any key terms that you use in your response.

Correct AnswerverifiedStudents' answers will vary,but they sho...View AnswerShow Answer

An ethical issue is an identifiable problem,situation,or opportunity that requires a person or organization to choose from among several actions that may be evaluated as ethical or unethical.

Correct AnswerverifiedShow Answer

Which is not a dimension of social responsibility?

Correct AnswerverifiedShow Answer

Which of the following statements about business ethics is false?

Correct AnswerverifiedShow Answer

Codes of ethics foster ethical behavior by

Correct AnswerverifiedShow Answer

All a business has to do to maintain ethical conduct is to follow the law.

Correct AnswerverifiedShow Answer

A set of formalized rules and standards that describe what a company expects of its employees is called a(n)

Correct AnswerverifiedShow Answer

If an employee learned of a significant cost-saving idea from a coworker and then informed management of the idea without revealing its true source,then the employee would be involved in

Correct AnswerverifiedShow Answer

The most common way that businesses exercise community responsibility is through.

Correct AnswerverifiedShow Answer

If a manager pressures a subordinate to engage in activities that he or she may otherwise view as unethical,such as engaging in accounting fraud or stealing a competitor's secrets,there exists an ethical issue related to

Correct AnswerverifiedShow Answer

What is business ethics?

Correct AnswerverifiedBusiness ethics refers to principles and...View AnswerShow Answer

The principles and standards that determine acceptable conduct in business are referred to as

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Students' answers will vary,but they sho...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Business ethics refers to principles and...
View Answer

Correct Answer
verified