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Exam 2: Ethics and Business Decision Making

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Question 31

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Ryan, the owner of SuperMart Stores, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision affects

A) the right determination under a cost-benefit analysis.
B) the rights of others.
C) the "right" thing to do.
D) the right to make a profit.

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Question 32

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Carrie Ann works at Paper Products, Inc. She considers taking home a few sheets of stationery so she can write letters to her ailing grandmother. Since Paper Products produces thousands of sheets of stationery every day no one will miss the few sheets she takes and company profits will not be affected. Carrie Ann then considers what would happen if every employee took some stationery home and decides not to take any. Carrie Ann is being influenced by

A) the categorical imperative.
B) the principle of rights.
C) a cost-benefit analysis.
D) outcome-based ethics.

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Question 33

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

Ergonomic Corporation convenes its employees for its managers to announce (1) a new company-wide ethical code of conduct, (2) an ad campaign to publicize the new code, and (3) the discharge of employees who do not adhere to the code. One of the most effective ways to set a tone of ethical behavior within a business organization is

Ethics is concerned with the fairness or justness of an action.

Corporations can be good citizens by promoting goals that society deems worthwhile.

Hailey, a lawyer on the staff of International Group, always considers the consequences of an action rather than the nature of the action itself when making ethical decisions in a business context. Hailey is applying

Restricting the bonuses that are paid to executives is unethical.

Lia works for Media Marketing Company. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics consist of

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

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

Flexo Trucking Company transports hazard?ous waste. Garn is a Flexo driver, whom the company knows drives longer hours than federal regula?tions permit. One night, Garn exceeds the limit and has an accident. Spilled chemicals contaminate Hill City's water source, forcing the residents to move away. Flexo acted unethically because

Bilt-Well Construction Corporation makes a side payment to a govern?ment official in Nigeria to obtain a contract. In the United States, this is

The categorical imperative cannot be applied to many business actions.

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

Rio Business Corporation pays potential clients, including private foreign companies and the representatives of foreign labor organizations to facilitate business. If Rio knows that the payments will be passed on to a foreign government, this practice is

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

Focusing on a firm's short-term profits without considering the company's long-term needs may be acting unethically.

Setting realistic workplace goals can increase the probability that employ?ees will act unethically.

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