Exploring the World of Business and Economics - Chapter 2
Which of the following statements is false?
Ethical issues are limited to for-profit organizations.
trust
Ethical violations destroy
Which of the following statements about business ethics is false?
It concerns the impact of a business's activities on society.
Which of the following have been cited as incidents of unethical business activity recently?
Unfair competitive practices in the computer industry, Deceptive advertising of medicines and toys, Accounting fraud, Deceptive advertising of food products
Which of the following is not considered unethical behavior in the workplace?
Using your cell phone to make a doctor's appointment during your lunch break.
In the United States, if a businessperson brought an elaborately wrapped gift to a prospective client on their first meeting, it might be viewed as
a bribe
The surgeon general's warning on cigarette packages about the health implications of smoking is an example of which of the following ethical issues
communications
When Kellogg changed the name of its Heartwise cereal to Fiberwise, it was in response to growing concern from the public and the government about unsubstantiated health claims. The primary area of ethical concern in this case was questionable
communications
If a corporate manager makes a decision that results in personal financial benefit while the company's owners lose financially, this is an ethical issue related to
conflicts of interest
That business people are expected not to harm customers, clients, and competitors knowingly through deception, misrepresentation, coercion, or discrimination is part of
fairness and honesty
When the video game marketer Nintendo was investigated for allegedly raising prices excessively during the Christmas buying season and thereby manipulating the supply of games available at that time,this was an ethical issue concerned primarily with
fairness and honesty
The Sarbanes-Oxley Act was passed to
help restore confidence in Corporate America
If the owner of a toy store seeking a price reduction gives the manager of a toy manufacturing company a new personal computer, the toy-store owner is using which approach to influence the manufacturer's decision making?
Bribery
A supplier of a component part has offered. Karen's family a free two-week cruise if his firm gets a very large order from Karen's company. The most ethical course of action for Karen to take would be to
Politely turn it down and discuss the offer with her boss.
Studying business ethics will not necessarily
tell you what you ought to do
