Business Law Chapter 3
Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.
False
Setting realistic workplace goals can increase the probability that employees will act unethically.
False
Stock buybacks are illegal and serve no legitimate purposes.
False
Flexo Trucking Company transports hazardous waste. Garn is a Flexo driver, whom the company knows drives longer hours than federal regulations permit. One night, Garn exceeds the limit and has an accident. Spilled chemicals contaminate Hill City's water source, forcing the residents to move away. Flexo acted unethically because
Flexo showed reckless disregard for Hill City's residents and others.
According to utilitarianism, an action that affects the majority adversely is morally wrong.
True
An ethics program can clarify what a company considers to be unacceptable conduct.
True
Duty-Based ethical standards often come from religious precepts or through philosophical reasoning.
True
In ethical terms, a cost-benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals.
True
It is possible to violate a business regulation without realizing it.
True
Rio Business Corporation pays potential clients, including private foreign companies and the representatives of foreign labor organizations to facilitate business. If Rio knows that the payments will be passed on to a foreign government, this practice is
illegal if the payments violate the foreign corrupt practices act
Honesty credit corporation asks its employees to evaluate their actions and get on the ethical business decision-making "bandwagon". Guidelines for judging individual actions most likely include all of the following except
loopholes in the law or company policies
Carrie Ann works at Paper Products, Inc. She considers taking home a few sheets of stationery so she can write letters to her ailing grandmother. Since Paper Products produces thousands of sheets of stationery every day no one will miss the few sheets she takes and company profits will not be affected. Carrie Ann then considers what would happen if every employee took some stationery home and decides not to take any. Carrie Ann is being influenced by
the categorized influence
Richard suspects his supervisor of unethical accounting practices. However, he does not want to lose his job if he reports the supervisor and the supervisor finds out who reported him. An important feature of online reporting systems like Ethicspoint is
the employee reporting the unethical behavior can do so anonymously
In making business decisions, Peter, personal manager for HVAC maintenance, Inc., applies his belief that all persons have fundamental rights. This is
the principle of rights
Thomas, the chief accounting officer of Fickle Fencing Corporation, wants to be sure that all the company's accounts are legal and ethical. Sometimes, however, he is unsure exactly what is legal and what is illegal. Thomas should
try his best to not do anything illegal and keep documentation showing that he always acts in good faith.
