Ethics Chapter 1

Which of the following is one of the advantages of ethical decision-making as a long-term

business strategy?

• Ethical behavior will increase short-term profits

• Ethical behavior will provide positive press opportunities.

  
  

• Ethical behavior can ensure positive employee relationships.

  
  

• Ethical behavior can provide significant competitive advantage

Which of the following is defined as standards of what a group or individual feels is right or

wrong, or good or evil?

• Morality

• Ethics

• Standards

• Values

Which of the following best describes the criteria by which we judge manners and rules of

behavior?

• Ethical norms

• Moral norms

• Nonmoral norms

• Standard values

Which of the following can be described as an example of a moral standard?

• Do not be late for a meeting

• Do not harm others

• Do not use a work computer for personal use

• Do not discuss pay issues with others

Which of the following best describes ethical standards?

• Norms of behavior in a society

• Laws that govern acceptable behavior

• How reasonable moral standards are when applied to your life

• Universal standards based on impartial rules

There have been several arguments against business ethics. Which argument best supports

the idea that when an organization makes money, it improves society, so business ethics are not

needed?

• If it’s legal, it is ethical

• Profits benefit all

• The Loyal Agent states it.

• Conflict is not unusual

Which of the following statements is correct?

• Business ethics is not a real concept as the rules and ethics of everyday life don't apply to the world of business. incorrect
  

• Business Ethics is the study of business situations, activities and decisions where issues of right and wrong are addressed.

• Business ethics cannot be defined as a real concept as it is an oxymoronic term. incorrect
  

• Business ethics is concerned with the study of assessing the activities of a business based on their profitability.

The relationship between ethics and the law can be described as…

• Incredibly close, in fact, in all instances what is ethical is also what is legal and vice versa.

• Not close, ethics and the law share a small amount of overlap, but fundamentally address differing questions and themes.

• Close, as there is considerable overlap between ethics and law, but the two are not equivalent.

• Not at all close, ethics and the law are virtually incompatible.

Healthy eating, particularly relating to sugar and salt consumption, food and packaging waste and supply chain CO2 emissions are all business ethics issues facing the ________.

• Supermarket industry

• Chemicals industry

• Construction industry

• Information and mobile technology industry

Which of the following describes the level of moral responsibility when there is an absence

of causality, knowledge, or freedom?

• The individual is morally responsible

• Moral responsibility is mitigated

• The organization is morally responsible

• Moral responsibility is completely eliminated.