Question 1

An _____ is a situation in which there is no obvious right or wrong decision,but rather a right or right answer.

Accepted Answer

The answer of An _____ is a situation in which...

Question 2

Codes of ethics have matured from cosmetic public relations documents into _____ documents that an increasing number of organizations are now committing to share with all their stakeholders.

Accepted Answer

performanc...

Question 3

The _____ principle for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

Accepted Answer

A)   ends-based
B)   rules-based
C)   Golden Rule
D)   Volcker's RuleE) None of the above
F) B) and D)

Question 4

Business ethics involves the application of standards of moral behavior to business situations.

Accepted Answer

A) True 
 B)False

Question 5

Business ethics can be approached from two different perspectives.The _____ perspective is the evaluation of the degree to which the observed customs,attitudes,and rules can be said to be ethical.

Accepted Answer

normative ...

Question 6

Which of the following is true of the standard of corporate governance?

Accepted Answer

A)   It is a set of guidelines that has been universally adopted by all business organizations.
B)   It does not ensure that an organization's officers fulfill their obligations to stakeholders.
C)   It focuses on establishing a leadership pipeline for an organization.
D)   It appears to be at its lowest level in recent business history.E) B) and C)
F) C) and D)

Question 7

_____ is the system that directs and controls business corporations.

Accepted Answer

Corporate ...

Question 8

Which of the following is true of codes of ethics?

Accepted Answer

A)   Fewer small businesses adopt a formal code of ethics now than they did in the past.
B)   The codes are structured to empower employees to make effective decisions confidently.
C)   The codes prescribe appropriate courses of action for every business situation in detail.
D)   Fewer international organizations adopt a formal code of ethics now than in the past.E) All of the above
F) None of the above

Question 9

Which of the following is true of stakeholders?

Accepted Answer

A)   Not every stakeholder is relevant in every business situation.
B)   The stakeholders of an organization are not affected by its unethical behavior.
C)   The cancellation of an organization's dividends has no impact upon stakeholders.
D)   Creditors are not considered the stakeholders of an organization.E) None of the above
F) B) and C)

Question 10

Stakeholders include stockholders,employees,and the federal government.

Accepted Answer

A) True 
 B)False

Question 11

The _____ is the principle for resolving an ethical dilemma that considers doing unto others as you would have them do unto you.

Accepted Answer

A)   Golden Rule
B)   formative perspective
C)   oscillatory approach
D)   Egocentric RuleE) C) and D)
F) A) and D)

Question 12

What are the three principles available to resolve an ethical dilemma? Are they always successful?

Accepted Answer

The three resolution principles availabl...

Question 13

Which of the following perspectives of business ethics is involved in recommending what should be happening?

Accepted Answer

A)   Delineative
B)   Normative
C)   Formative
D)   DescriptiveE) A) and B)
F) C) and D)

Question 14

Over the last five decades,codes of ethics have matured from cosmetic public relations documents into _____ documents.

Accepted Answer

A)   profit-oriented
B)   financial-assessment
C)   performance-measurement
D)   expenditure-maximizationE) None of the above
F) B) and C)

Question 15

The standard of _____ is extent to which the officers of a corporation are fulfilling the duties and responsibilities of their offices to the relevant stakeholders.

Accepted Answer

corporate ...

Question 16

Corporate governance is the system by which businesses are directed and controlled.

Accepted Answer

A) True 
 B)False

Question 17

An organization's code of ethics has no relevance to its employees.

Accepted Answer

A) True 
 B)False

Question 18

Discuss five major changes that have taken place in the business environment over the last five decades.

Accepted Answer

The five major changes that have taken p...

Question 19

The belief that an activity is safe because it will never be found out or publicized is one of the commonly held rationalizations,identified by Saul Gellerman,which can lead to unethical behavior.

Accepted Answer

A) True 
 B)False

Question 20

When trying to resolve an ethical dilemma,the Golden Rule principle considers only legal aspects of the problem.

Accepted Answer

A) True 
 B)False

Exam 2: Defining Business Ethics

Codes of ethics have matured from cosmetic public relations documents into _____ documents that an increasing number of organizations are now committing to share with all their stakeholders.

Correct Answerverifiedperformanc...View AnswerShow Answer

An _____ is a situation in which there is no obvious right or wrong decision,but rather a right or right answer.

Correct AnswerverifiedShow Answer

The standard of _____ is extent to which the officers of a corporation are fulfilling the duties and responsibilities of their offices to the relevant stakeholders.

Correct Answerverifiedcorporate ...View AnswerShow Answer

When trying to resolve an ethical dilemma,the Golden Rule principle considers only legal aspects of the problem.

Correct AnswerverifiedShow Answer

Business ethics can be approached from two different perspectives.The _____ perspective is the evaluation of the degree to which the observed customs,attitudes,and rules can be said to be ethical.

Correct Answerverifiednormative ...View AnswerShow Answer

Business ethics involves the application of standards of moral behavior to business situations.

Correct AnswerverifiedShow Answer

What are the three principles available to resolve an ethical dilemma? Are they always successful?

Correct AnswerverifiedThe three resolution principles availabl...View AnswerShow Answer

Discuss five major changes that have taken place in the business environment over the last five decades.

Correct AnswerverifiedThe five major changes that have taken p...View AnswerShow Answer

Which of the following perspectives of business ethics is involved in recommending what should be happening?

Correct AnswerverifiedShow Answer

Which of the following is true of the standard of corporate governance?

Correct AnswerverifiedShow Answer

An organization's code of ethics has no relevance to its employees.

Correct AnswerverifiedShow Answer

The _____ principle for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

Correct AnswerverifiedShow Answer

Which of the following is true of stakeholders?

Correct AnswerverifiedShow Answer

The _____ is the principle for resolving an ethical dilemma that considers doing unto others as you would have them do unto you.

Correct AnswerverifiedShow Answer

The belief that an activity is safe because it will never be found out or publicized is one of the commonly held rationalizations,identified by Saul Gellerman,which can lead to unethical behavior.

Correct AnswerverifiedShow Answer

Corporate governance is the system by which businesses are directed and controlled.

Correct AnswerverifiedShow Answer

Stakeholders include stockholders,employees,and the federal government.

Correct AnswerverifiedShow Answer

_____ is the system that directs and controls business corporations.

Correct AnswerverifiedCorporate ...View AnswerShow Answer

Over the last five decades,codes of ethics have matured from cosmetic public relations documents into _____ documents.

Correct AnswerverifiedShow Answer

Which of the following is true of codes of ethics?

Correct AnswerverifiedShow Answer

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performanc...
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corporate ...
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normative ...
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The three resolution principles availabl...
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The five major changes that have taken p...
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Corporate ...
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