business law t1 pt2
moral principles and values applied to social behavior is referred to as
ethics
the first step to follow when investigating and solving specific ethic problems is
inquiry
the IDDR approach to making ethical business decisions involve
organizing the issues and approaching them systematically
The minimum degree of ethical behavior expected of a business firm, which is usually defined as compliance with the law is referred to as
the moral minimum
An action may be legal but not ethical.
true
business ethics focus on
what constitutes ethical behavior in the business world
Sarbanes-Oxley Act
Federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms. Key provisions limit conflict-of-interest issues and require financial officers and CEOs to certify the validity of their financial statements.
A key technique employed by utilitarians to determine the morality of a given action is:
To conduct a cost-benefit analysis
one of the most effective ways of setting a tone of ethical behavior within an organization is to create
an ethical code of conduct
what constitutes right or wrong behavior in the world of business and the application of moral principles to situations that arise in a business setting is referred as
business ethics
with respect to business ethics, the moral minimum is
compliance with the law
Holly, a lawyer on the staff of International Group, applies the utilitar-ian theory of ethics in business contexts. Utilitarianism focuses on
consequences of an action
participants in business process pragmatism procedure will craft a consensus plan of action for the corporation in the
decision stage
A reasoning process in which an individual examines the situation at hand in light of his or her moral convictions or ethical standards is known as
ethical reasoning
a job candidate may not be rejected for failur to maintain social media presence
false
because the first amendment employers may not restrict employees use of social media in anyway
false
employers are prohibited from conducting background checks beyond running criminal checks in official government databases
false
ethics is not concerned with the way in which moral principles are derived
false
if a company followers IDDR decision making process it always leads to a clear decision
false
it is widely accepted that judging a potential employee for what she or her does outside of work is unethical
false
legal and ethical issues concerning employee online speech are largely settled by now
false
managers must apply different standards to themselves then they apple to their employees
false
since 2012, no employee can fired for engaging in unpopular speech
false
the foreign corrupt practices act prohibits of small amounts to minor offices
false
the most common reason that ethical problems occur in business is an overemphasis on long run profit maximization
false
the national labor relations board is unlikely to hear another case about employees on line speech
false
the sarbanes ox key act required employees to set up confidential reporting systems so employees can report allegations of workplace harassment
false
using suppliers in developing nations no longer raises any ethical issues
false
Utilitarianism
idea that the goal of society should be to bring about the greatest happiness for the greatest number of people
abc communications incorporation need to cut costs by downsizing. in determining which employees to lay off abc with be concerned primarily with
its ethical duty to long term employees its profit margin and the legality of dischargjng the older workeds
the primary focus of utilitarian ethics is the
outcome of actions
duty based ethical standards often derive frlm
principles rooted in religion
managers can reduce the probability that employees will act unethically by setting
realistic production or sale goals
all groups who are affected by the decisions of a corporation are referred to as
stakeholders
two fundamental approaches to ethical reasoning in a business environment are
the duty based and outcome based approaches
mack is a sales manager, compared to mack's personal activities his business activities involve
the same ethical standards
"grease" or facilitating payments are meant to accelerate performance of administrative services that might otherwise be carried out at a slow pace
true
It is often easier to see ethical lapses in retrospect than it is to identify potential ethical problems in advance
true
a number of companies have fired employees for such activities as criticizing other employees or managers through social media outlets
true
business face ethical issues with respect to their social media polices
true
corporate ethic policies must be clearly communicated to be effective
true
corporate watch can exercise much pressure on the us business using foreign suppliers
true
ethical standards based on religious teachings tend to be absolute
true
in the evaluation phase of business process pragmatism the solution to an ethical dilemma should be analyzed
true
managers have found that discharging even one employee for ethical reasoning has a tremendous impact as a deterrent to u ethical behavior in the workplace
true
one of the most important ways to create and maintain an ethical workplace is for top management to demonstrate its committee to ethical decision making
true
setting realistic workplace goals can reduce the probability that employees will act unethically
true
side payments to government officials in exchange for favorable business contracts are not unusual in such countries where they are not considered to be unethical
true
some US companies have chosen to produce goods in devolving nations because the wage rates in those nations are significantly lower than wages in the united states
true
some employees reject job candidates if the do not participate in social media
true
some people believe that researching job candidates social media post invaded their provacy
true
some us companies have refused to deal with certain suppliers to avoid negative publicity
true
the foreign corrupt practices act prohibits bribery of foreign officials if the purpose of the payment is to induce the officials i. their official capacity to provide business opportunities
true
the foreign corrupt practices act prohibits us business persons from bribing foreign officials to secure advantageous contracts
true
the minimal acceptable standard for ethical behavior is compliance with the law
true
the national labor relations board has issued a ruling preventing an employer from completely prohibiting its employees from using social media to discuss work
true
jill lied to her family. according to legal and ethical principles this is
unethical only
an approach to ethical reasoning in which a good decision is one that results in the greatest goof for the greatest number of people affected by the decision is
utilitarianism
ethics can be defined as the study of
what constitutes right and wrong behavior