Management: Business & Society. Ethics

A bottom-line mentality in business is reflected in which statement?

"We have to beat the others at all costs."

Businesses are expected to be ethical in their relationships with:

All of the above.

Cross-cultural contradictions arise due to..?

Differences between home and host countries' ethical standards.

An ethical egoist acts for the benefit of others and sacrifices self-interest.

False

Business cannot expect to be profitable while adhering to ethical principles of conduct.

False

Ethics are primarily based on religious belief

False

Managers in the same company are likely to be at the same stages of moral reasoning at any given time.

False

Only in the last few years have scholars found a positive relationship between an organization's economic performance and attention to spiritual values.

False

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

Human rights and constitutional guarantees of human dignity, Universal principles of justice, Customs and traditions shown by their peers

Business executives are finding that a trusting, ethical relationship with a business partner is:

Often essential in conducting business.

At the core of rights reasoning is the belief that:

Respecting others is the essence of human rights.

Ethical ideas are present in all societies, all organizations, and all individual persons.

True

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

Utilitarian reasoning.

According to a 2009 opinion poll, Americans hold a dim view of:

Wall Street executives.

Utilitarian reasoning primarily considers:

iy is often referred to as cost-benefit analysis because it compares the of a decision, a policy or an action

The main drawback to utilitarian reasoning is that:

It is difficulty to accurately measure both costs and benefits.

Which of the following examples best illustrate an ethics issue based on cross-cultural contradictions?

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

Aristotle argued

Moral virtue is a mean between two virtues.

The Sarbanes-Oxley Act:

Requires executives to pay back bonuses based on earnings that are later proved fraudulent.

The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their ethics at work

True