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Exam 6: Business Ethics

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Question 31

Multiple Choice

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Julie is sales manager for Kelso's Concrete & Stone Products, Inc. In applying ethical principles to the business of the firm, Kelso's and Julie will most likely evaluate​

A) ​what duties and responsibilities should exist for the business.
B) ​how to maximize profits in the short run
C) ​how to maximize profits in the long run.
D) ​marketing campaigns to counter potential bad publicity.

E) A) and D)
F) All of the above

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Question 32

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Unless a corporation violates a law, its actions do not raise questions about corporate ethics.​

A) True
B) False

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Question 33

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Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.​

The study of ethics goes beyond legal requirements to evaluate what is right for society.​

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

The legality of an action is always clear.​

If an action is legal, it is ethical.​

Lucas is a business manager for Micro Manufacturing Company. Ethical dilemmas that Lucas is not likely to encounter include deciding​

According to utilitarianism, it does not matter how many people suffer a negative effect from an act.​

Major Construction & Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Corrupt Practices Act, this is permitted​

Bribery of foreign government officials is both an ethical and a legal issue.​

Business owners' misbehavior has no negative consequences for their business.​

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives. These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's​

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision​

If people merely comply with the law, they are acting at the lowest ethical level society will tolerate.​

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes​

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​

As part of a hiring process, Codex Marketing Company conducts an Internet search to discover what a job candidate has posted. To Codex, this act should present​

SuperMeds Corporation develops a new drug that controls severe acne. The drug is not approved by the government for sale in the United States because one of its ingredients is a banned chemical. This chemical is not banned in Mexico. Whether it is ethical for SuperMeds to sell the drug in Mexico depends on​

Corporations can be viewed as "citizens" that are expected to participate in bettering society.​