Business Management Ethics

The right action that produces the greatest ratio of good to evil of any of the available alternatives.

• True

• False

A person's ethics are influenced by his or her morality.

• True

• False

Codes of ethics must be reinforced by the examples set by key corporate figures to be effective.

• True

• False

Corporations should be held ethically responsible to all stakeholders.

• True

• False

When a business chooses to respond to social demands by evaluating alternatives only after a period of waiting, this business is taking the proactive approach.

• True

• False

__________ principles judge the ethics of a particular situation by the consequences of that action.

• Contingent

• Consistent

• Consequential

• Commitment

Ethics, a branch of philosophy, is primarily concerned with human _________ & _________.

• wealth; fame

• values; conduct

• ideas; history

• possessions: religion

Professional codes of ethics should be ____________.

• simple

• unspoken

• written

• absolute

All of the following are characteristics of codes of ethics except:

• they are visible guidelines for behavior at all levels.

• they provide a touchstone for appeals through the hierarchy.

• they protect all personnel from the pressures of the market.

• they are a challengeable basis for firing an unethical employee.

Concerned employees who bring wrongdoing to the attention of authorities are called:

• stakeholders

• whistle-blowers

• top management

• leaders