MGMT 325 - Ch 5 Quiz

The reason(s) behind the uncertainty of an ethical or unethical decision is (are) that different people and groups:

All of the following answers are correct: -May honestly and genuinely use different sources of information. -May rank various rights in different ways. -May not share the same meaning of justice.

Mature adults typically base their ethical reasoning on broad principles and relationships such as:

Both of these answers are correct: -Human rights and constitutional guarantees of human dignity -Universal principles of justice.

A purchasing agent directing her company's orders to a firm from which she received a valuable gift, is an example of:

Conflict of interest.

In the case LafargeHolcim and ISIS in Syria, a utilitarian benefit of keeping the plant open was:

Employees received paychecks.

(T/F) Business must develop its own definition of what is right and wrong, apart from ethics.

False

Under the Sarbanes-Oxley Act, corporations are required to:

Have executives vouch for the accuracy of a firm's financial reports.

The main drawback to utilitarian reasoning is that:

It is difficulty to accurately measure both costs and benefits.

An ethics issue based on cross-cultural contradictions is best illustrated by which example?

Legally marketing a pesticide abroad that has been banned in the U.S.

Scholars found that spirituality affects employee and organizational performance in what way?

Positively.

Under the U.S. Corporate Sentencing Guidelines, if a firm has developed a strong ethics program, corporate executives found guilty of criminal activity may have their sentence:

Reduced.

People everywhere depend on ethical systems to tell them whether their actions are:

Right or wrong.

A recent study found that, compared to the 1980s, managers today place what importance on moral values, such as honesty and forgiveness?

Slightly more important.

One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as:

Temporal immediacy.

A conception of right and wrong is:

The definition of ethics.

(T/F) According to utilitarian reasoning, an action is ethically preferred when its benefits outweigh its costs.

True

(T/F) Business managers should use all four methods of ethical reasoning—virtues, utility, rights, and justice—to better understand ethical issues at work.

True

(T/F) Ethical ideas are present in all societies, all organizations, and all individual persons.

True

(T/F) If all people relied on ethical relativism, there would be no universal ethical standards on which people around the globe could agree.

True

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:

Utilitarian reasoning.

Why should business be ethical, according to Figure 5.1?

All of the following answers are correct: -Most people want to act in ways that are consistent with their own sense of right and wrong. -Ethical behavior protects business firms from abuse by unethical employees and competitors. -Society's stakeholders expect it from businesses.

(T/F) Managers in the same company are likely to be at the same stages of moral reasoning at any given time.

False

(T/F) Moral intensity refers to the perception of how illegal an ethical issue is.

False

(T/F) Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values.

False

(T/F) The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical standards, in how they conduct and monitor business operations.

False

(T/F) The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work.

True