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Exam 2: Ethics in Business

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Question 1

Multiple Choice

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Fealty Credit Corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon." Guidelines for judging indi?vidual actions most likely include all of the following except

A) an individual's conscience.
B) business rules and procedures.
C) loopholes in the law or company policies.
D) promises to others.

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Question 2

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According to German philosopher Immanuel Kant,individuals should evaluate their actions in light of the consequences that would follow if they were the only members of society that acted in that way.

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Question 3

Multiple Choice

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MeatMen,Inc.spends a great deal of money and effort to ensure that all employees are safe on the job,that all products are safe for consumers,and that the environmental impact of the corporation is minimal.MeatMen appears to strongly believe in the concept of

In making business decisions,Glenda,personnel manager for HVAC Maintenance,Inc.,applies her belief that all persons have fundamental rights.This is

Bribery of foreign government officials is both an ethical and a legal issue.

An ethics program can clarify what a company considers to be unacceptable conduct.

The categorical imperative cannot be applied to many business actions.

Margaret is the top manager of Pecans,Inc.She sets strict ethical standards for all employees.Margaret,however,often takes some of the company's best nuts and sells them from her house.The ethical tone at Pecans,Inc.is

In ethical terms,a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.

A common ethical dilemma faced by the management of Spencer Hydraulics Corporation involves the effect that its decision will have on

David,the chief accounting officer of Texas Fencing Corporation,wants to be sure that all the company's accounts are legal and ethical.Sometimes,however,he is unsure exactly what is legal and what is illegal.David should

In today's world,many business leaders find it difficult to create an "ethical tone" that deters unethical conduct in their workplaces.

In business deals,Fiona,the chief executive officer of Glazed Donuts,Inc.,follows duty-based ethical standards.These are most likely derived from

Business ethics focuses on ethical behavior in the business world.

Ethical reasoning is the process through which an individual links his or her moral convictions or ethical standards to the particular situation at hand.

Sharon,the human resources director for Tempo Corporation,at?tempts to comply with the law in dealing with applicants and employ?ees.One of the challenges Sharon faces is that the legality of an action is

The main individual beneficiaries of stock buybacks are corporate executives.

Olaf,an executive with Pharma Product Distribution,Inc.,has to decide whether to market a product that might have undesirable side effects for a small per?centage of users.How should Olaf de?cide whether to sell the prod?uct? How does the standard of ethics that is applied affect this answer?

In deciding questions of corporate social responsibility,Valley Disposal & Recycling,Inc.,is concerned with

Mary works in the public relations department of New Trends Sales Company.Her job includes portraying New Trends's activities in their best light.In this context,ethics consist of