Question 1

Bilt-Well Construction Corporation makes a side payment to a govern?ment official in Nigeria to obtain a contract.In the United States,this is

Accepted Answer

A)  illegal and unethical.
B)  illegal but not unethical.
C)  unethical but not illegal.
D)  legal and ethical.

Question 2

Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on

Accepted Answer

A)  moral values.
B)  religious beliefs.
C)  the consequences of an action.
D)  the nature of an action.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

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

Accepted Answer

A)  fulfill all business ethics obligations.
B)  fulfill no business ethics obligations.
C)  fulfill some business ethics obligations.
D)  not need to fulfill any business ethics obligations.

Question 5

To assist in detecting illegal bribes,Cut Rite Contractors,Inc. ,and all U.S.companies,must

Accepted Answer

A)  conceal financial records that reveal past bribes.
B)  keep records that "accurately and fairly" reflect financial activities.
C)  make bribes through third parties rather than directly to officials.
D)  permit payments to foreign officials that are unlawful in that country.

Question 6

A common ethical dilemma faced by the management of General Holdings 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)  the U.S.Chamber of Commerce.

Question 7

Some companies have set up confidential systems for employees to "raise red flags" about suspected unethical practices.

Accepted Answer

A) True 
 B)False

Question 8

Matchless Clothing Company buys clothing assembled by Nantra,Ltd. ,a for?eign firm that employs young children for long hours and low pay.Nantra's na?tion does not enforce its child labor laws.Human International Politics (HIP),a political activist organization,discovers Matchless's connection to Nantra and plans to reveal this information.Before HIP does so,however,Matchless publicly releases the informa?tion itself and announces that it is severing its relationship with Nantra.Matchless publicizes its action in its advertising,and the company's sales and profits increase,apparently as a direct result.Has Matchless acted unethically in any way? From an ethical perspective,is Matchless's conduct in this situation more important than whatever its mo?tive might be?

Accepted Answer

Matchless has not acted unethically in p...

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Accepted Answer

A)  operators only.
B)  operators,owners,suppliers,the community,or society as a whole.
C)  owners only.
D)  suppliers,the community,or society as a whole only.

Question 12

Ergonomic Corporation convenes its employees for its managers to announce (1) a new company-wide ethical code of conduct, (2) an ad campaign to publicize the new code,and (3) the discharge of employees who do not adhere to the code.One of the most effective ways to set a tone of ethical behavior within a business organization is

Accepted Answer

A)  to create an ethical code of conduct.
B)  to discharge employees who do not create the appearance of impropriety.
C)  to post a marketing campaign online touting the firm's ethical tone.
D)  for management to direct employees to "do as we say,not as we do."

Question 13

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Accepted Answer

A) True 
 B)False

Question 14

An action may be legal and ethical.

Accepted Answer

A) True 
 B)False

Question 15

Chuckie,president of DrinkUp Fresh Beverages,Inc. ,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Accepted Answer

A)  gives business profits priority over production costs.
B)  ignores the practical costs of a given set of circumstances.
C)  requires complex cost-benefit analyses of simple situations.
D)  tends to justify human costs that many find unacceptable.

Question 16

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

Accepted Answer

A)  all situations.
B)  many situations.
C)  no situations.
D)  practically no situations.

Question 17

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale 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 18

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

Accepted Answer

A)  absolution.
B)  decision.
C)  inquiry.
D)  justification.

Question 19

In ethical terms,a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

Accepted Answer

A) True 
 B)False

Question 20

The legality of an action is always clear.

Accepted Answer

A) True 
 B)False

Exam 5: B: Ethics and Business Decision Making

Some companies have set up confidential systems for employees to "raise red flags" about suspected unethical practices.

Correct Answer
verified

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Correct Answer
verified

Bilt-Well Construction Corporation makes a side payment to a govern?ment official in Nigeria to obtain a contract.In the United States,this is

Correct Answer
verified

Correct Answer
verified

To assist in detecting illegal bribes,Cut Rite Contractors,Inc. ,and all U.S.companies,must

Correct Answer
verified

Chuckie,president of DrinkUp Fresh Beverages,Inc. ,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Correct Answer
verified

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

Correct Answer
verified

An action may be legal and ethical.

Correct Answer
verified

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

Correct Answer
verified

Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on

Correct Answer
verified

In ethical terms,a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

Correct Answer
verified

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale has

Correct Answer
verified

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

Correct Answer
verified

Correct Answer
verified
Matchless has not acted unethically in p...
View Answer

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

The legality of an action is always clear.

Correct Answer
verified

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Correct Answer
verified

Exam 5: B: Ethics and Business Decision Making

Some companies have set up confidential systems for employees to "raise red flags" about suspected unethical practices.

Correct AnswerverifiedShow Answer

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

Correct AnswerverifiedShow Answer

Bilt-Well Construction Corporation makes a side payment to a govern?ment official in Nigeria to obtain a contract.In the United States,this is

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

To assist in detecting illegal bribes,Cut Rite Contractors,Inc. ,and all U.S.companies,must

Correct AnswerverifiedShow Answer

Chuckie,president of DrinkUp Fresh Beverages,Inc. ,does not ap?ply utilitarianism to business ethical issues.One problem with utilitari?an?ism is that it

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

An action may be legal and ethical.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Halley,a lawyer on the staff of International Group,applies the utilitarian theory of ethics in business contexts.Utilitarianism focuses on

Correct AnswerverifiedShow Answer

In ethical terms,a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

Correct AnswerverifiedShow Answer

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale has

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Correct AnswerverifiedMatchless has not acted unethically in p...View AnswerShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

The legality of an action is always clear.

Correct AnswerverifiedShow Answer

A business firm's profits may suffer if the firm is not a "good corporate citizen."

Correct AnswerverifiedShow Answer

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Matchless has not acted unethically in p...
View Answer

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Correct Answer
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