Chapter 2: Business Ethics

The field of business ethics applies moral standards to business situations.

• True

• False

Relationships with customers and co-workers rarely create ethical problems.

• True

• False

In the United States, all bribes are unethical.

• True

• False

If an employee is rewarded in some way for an unethical choice or fails to suffer any kind of consequence, they are not likely to make that same choice in the future.

• True

• False

Peoples’ moral values and central, value-related attitudes clearly influence their business behavior and choices.

• True

• False

The Sarbanes-Oxley Act of 2002 deals with corporate responsibility, conflicts of interest, and corporate accountability.

• True

• False

It is easy for an organization to develop ethics codes, policies, and procedures to deal with all relationships and every situation.

• True

• False

Social responsibility is good business, but it does cost money.

• True

• False

In support of their position, proponents of the socioeconomic model argue that businesses should be allowed to ignore social issues.

• True

• False

The right to consumer education entitles people to be fully informed about their rights as consumers.

• True

• False