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