Business Ethics and Social Responsibility Complete Questions And Answers

1. Business ethics provides a guarantee of profitability. (A) True (B) False 2. Unethical behavior is not necessarily illegal behavior. (A) True (B) False 3. A lack of business ethics can result in a lack of business goodwill. (A) True (B) False ) 4. Business ethics is the application of standards for moral reasoning to business dilemmas. (A) True (B) False 5. Situational ethics is also known as moral relativism. (A) True (B) False Answer : (A) 6. Natural law and positive law are one and the same theories of moral standards. (A) True(B) False 7. Milton Friedman's standard for business social responsibility is one that requires a company to do all that it can for its community. (A) True (B) False 8. The inherence school is one that follows the standard of society's interest coming first. (A) True (B) False 9. The enlightened self-interest school manager serves only the shareholder. (A) True (B) False 10. Invisible hand managers do not become involved in social issues. (A) True (B) False 11. The social-responsibility school holds that businesses profit by being responsive to society. (A) True (B) False 12. Business self-regulation has been effective in solving social problems. (A) True(B) False 13. Giving a false impression, although not actually an untruth, is still an ethical violation. (A) True (B) Fal