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Exam 3: Ethics in Business

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Question 31

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Once a company has investigated any foreign suppliers,it is unnecessary to continue to monitor those suppliers.

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Question 32

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Ethical decision makers should test and reflect on the outcome of their decisions.

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Question 33

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Cynthia is the chief financial officer of Digital Corporation.In that capacity,when she is unsure whether a certain business action is legal,she should act

Flo,the manager of Grounds Maintenance Inc. ,must decide whether to use an herbicide that could be unhealthy to employees using it and to the public once it is on the ground.Flo might lose the client if she refuses to use the herbicide.If Flo analyzes the importance of good health and avoidance of disease to people in making her decision,she is likely using

Caryn is faced with making a business decision.As she thinks about the problem,she feels that there is no easy answer.She continues to think about what is making her uncomfortable about the situation before brainstorming possible solutions.If Caryn is using the IDDR approach to decision making,she is engaged in

Artificial Intelligence Inc.sells to Beta Bots Corporation a promising idea for a technological innovation that is still being developed and that looks very promising.This is

According to the theory of corporate social responsibility,any decision by the management of Precision Processing Corporation should consider how a proposed action may affect only the

"Be honest and treat people fairly." With respect to business ethics,implementing this motto is

Congress does not pass laws based on ethics.

When making decisions that are ethical under either profit maximization or corporate citizenship theories,a business should include all of the following steps except

One of the most important ways to maintain an ethical workplace is for management to set standards and expectations for ethical behavior.

Hale,research manager for Investor Fund,Inc. ,adheres to utilitarian ethics in making business and ethical decisions that involve the actions of the firm.According to this standard,an action is morally correct when it produces the greatest good for

Because it may be unclear how a court will interpret and apply a law,companies can ensure decisions are viewed as ethical by documenting their own interpretation of the law.

Once a law is passed to codify an ethical requirement,the ethical aspect of the action is no longer important.

When making ethical decisions,a business should evaluate the financial implications.

Corporate social responsibility may increase a business's reputation or goodwill.

Conduct that is legal is ethically unquestionable.

Outcome-based ethics deals with traditional standards of behavior.

The Fraud Reduction and Data Analytics Act to prevent,detect,and respond to fraud in federal programs institutionalizes

An overemphasis on long-run profit maximization is a common reason for ethical problems that occur in business.