Ethical decision making in business is limited to major corporate decisions with dramatic social consequences.
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Question 2
Free
True/False
In business, every decision can be covered by economic, legal, or company rules and regulations.
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Question 3
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True/False
The direct costs of unethical business practice are more visible today than they have ever been before.
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Question 4
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True/False
In a general sense, a business stakeholder is one who has made substantial financial investments in the business.
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Question 5
Free
True/False
A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.
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Question 6
True/False
The Grayson-Himes Pay for Performance Act was passed to amend the executive compensation provisions of the Emergency Economic Stabilization Act of 2008.
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Question 7
True/False
Ethics refers to how human beings should properly live their lives.
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Question 8
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Ethical business leadership is the skill to create circumstances in which bad people are taught to do good.
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Question 9
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Norms appeal to certain values that would be promoted or attained by acting in a certain way.
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Question 10
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Technically speaking, values are not necessarily positive or ethical in nature.
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Question 11
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Ethical values are personal codes of ethics that ensure that individually, a person meets his or her standards of well-being.
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Question 12
True/False
The well-being promoted by ethical values is not a personal and selfish well-being.
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Question 13
True/False
Societies that value individual freedom will be reluctant to legally require acts of charity, personal integrity, and common decency.
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Question 14
True/False
In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent.
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True
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Question 15
True/False
Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.
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True
False
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Question 16
Multiple Choice
Which of the following statements is true about ethical decision making in business?
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Ethical decision making is not limited to the type of major corporate decisions with dramatic social consequences.
Every employee does not face an issue that requires ethical decision making.
All ethical decisions can be covered by economic, legal, or company rules and regulations.
Ethical decision making should not rely on the personal values and principles of the individuals involved.
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Question 17
Multiple Choice
Which of the following statements is true about ethical decision making in business?
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Ethical decision making is limited to the type of major corporate decisions with social consequences.
At some point, every worker will be faced with an issue that will require ethical decision making.
All ethical decisions can be covered by economic, legal, or company rules and regulations.
Ethical decision making should not rely on the personal values and principles of the individuals involved.
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Question 18
Multiple Choice
Which of the following statements is true about ethical decision making in business?
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Ethical decision making is limited to the type of major corporate decisions with social consequences.
Every employee does not face an issue that requires ethical decision making.
All ethical decisions can be covered by economic, legal, or company rules and regulations.
Ethical decision making should rely on the personal values and principles of the individuals involved.
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Question 19
Multiple Choice
In a general sense, a business _____ is anyone who affects or is affected by decisions made within the firm, for better or worse.
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nominee
stakeholder
stockholder
watchdog
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Question 20
Multiple Choice
Which of the following best describes a business stakeholder?
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Only the minority shareholders in a business entity.
Only those who have acquired significant shares in a firm.
Anyone who audits a firm.
Anyone who affects or is affected by decisions made within a firm.