Business Ethics ch 1

According to the text, business ethics comprises organizational principles, values, and __________ that may originate from individuals, organizational statements, or from the legal system. a. norms b. directions c. morals d. meanings

A

The concept in the chapter that is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person is called a _____. a. moral dilemma b. principle decision c. value turpitude d. value crisis e. philosophical analysis

A

The ethical component of a corporate culture relates to the values, beliefs, and established and enforced patterns of conduct that employees use to identify and respond to ethical issues. a. True b. False

A.

An organization that has a strong ethical environment usually has a core value of placing _____ interests first. a. competitors' b. stockholders' c. management's d. customers' e. government's

D. Customers'

Before anything else, businesses must _____ to survive. a. sell internationally b. compensate their employees well c. be popular d. have a great reputation e. make a profit

E. Make a Profit

An organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to its _____. a. regulation mandate b. consumerism c. ethical dilemma d. moral justice e. social responsibility

E. Social Responsibility

Many studies have found a positive relationship between which of the following? a. high levels of government regulation and cultural values b. an ethical culture and good business performance c. apathetic boards of directors and an ethical culture d. high cultural values and low industry competition e. unmotivated employees and good business performance

B

The Sarbanes-Oxley Act made it illegal for U.S. businesses to issue bribes to foreign government officials. a. True b. False

B

The _____ is a set of 10 principles concerning human rights, labor, the environment, and anti-corruption. This document seeks to create openness and alignment among business, government, society, labor, and the United Nations. a. MERCOSUR b. Global Compact c. NAFTA d. The Sullivan Principals

B

What concept refers to a person's personal philosophy about what is right or wrong? a. principles b. morals c. values d. philosophy e. business ethic

B.

Some examples of what concept can include human rights, freedom of speech, and the fundamentals of justice? a. business ethics b. principles c. morals d. philosophy e. values

B. Principles

The term ethical culture is associated with all of the following except _____. a. positively related to workplace confrontation over ethics issues, reports to management of observed misconduct, and the presence of ethics hotlines b. acceptable behavior as defined by the company and industry c. maximizing profits and placing shareholder's first d. the component of corporate culture that captures the values and norms an organization defines and is compared to by its industry as appropriate conduct e. culture that creates shared values and support for ethical decisions and is driven by the ethical leadership of top management

C

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business is defined as _____. a. philosophy b. morals c. business ethics d. principle

C

The Consumers' Bill of Rights decreed by President John F. Kennedy specified all of the following EXCEPT the right to _____. a. be informed b. safety c. freedom d. be heard e. to choose

C. Freedom

The concept that centers around enduring beliefs and ideals that are socially enforced, such as teamwork, trust, and integrity is called _____. a. business ethics b. morals c. principles d. values e. philosophy

d. values