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Exam 3: Ethics in Business

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Question 1

Multiple Choice

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When deciding to engage in corporate social responsibility, a key factor when selecting activities is

A) how the social activity relates to the business activities of the corporation.
B) how much free publicity the corporation will get from the social activity.
C) whether the corporation is required to do the social activity by law.
D) whether the activity will result in short-term profit increases.

E) None of the above
F) B) and D)

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Question 2

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Viaduct Corporation used untested and risky construction techniques to build a bridge under budget. The techniques were legal but the bridge collapsed, killing several people. Viaduct's actions were

A) unethical and may result in legislation to ensure it does not happen again.
B) ethical because they were legal and so Viaduct owes no one.
C) dangerous and so inherently illegal.
D) legal under Sarbanes-Oxley and so Viaduct will face no penalties.

E) A) and B)
F) A) and C)

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Question 3

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The effectiveness of an industry code of ethics is partly determined by the commitment of the industry or company leadership to enforce it.

Owen and other managers employed by Pastry Bakeries are most likely to find that unethical behavior in the workplace can be deterred by

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

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired) instead of subjective impacts on stakeholders.

The National Restaurant Association announces a new industry code of ethics. The effectiveness of this code will be determined by

Questions of what is ethical involve the extent to which a company has

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

When profit maximization is the goal, a company does not benefit from ethical behavior.

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

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.

Because social media is so widespread, it is legal and ethical for a company to have social media policies limiting employees from criticizing the company.

Ethics is important because laws may not always be easy to interpret or apply. This is because

As part of the IDDR approach as described in the text, it is important to list many possible actions and analyze them using several different ethical theories.

Outcome-based ethics deals with traditional standards of behavior.

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

Ethics is a branch of philosophy that focuses on morality.

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

An ethical code of conduct is not