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Exam 2: Ethics and Business Decision Making

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Question 21

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One guideline to evaluating the ethics of a particular action is to "let your conscience be your guide."

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Question 22

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

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Question 23

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Kennedy Capital Corporation provides other firms with funds to expand operations.If Kenney strictly complies with existing laws,the firm will

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

Acting in good faith gives a business firm a better chance of defending its actions in court.

Ethical reasoning is the process through which an individual rationalizes whatever action he or she chooses to take.

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

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

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

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

The minimal acceptable standard for ethical behavior is compliance with the law.

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

Business ethics focuses on ethical behavior in the business world.

Spencer Hydraulics Corporation's ethics committee is asked a business ethics question-should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price A practical method to investigate and solve this question involves all of the following steps except

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

Business ethics is consistent only with short-run profit maximization.

An action may be legal but not ethical.

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc.,applies his belief that all persons have fundamental rights.This is

Corporations can be good citizens by promoting goals that society deems worthwhile.

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