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BUL3310 Chapter 2 Questions and Correct Detailed Answers (Verified Answers

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Question: "Everybody else does it" is a valid test for determining whether conduct is ethical. Ans: False Question: "If you think what we're doing now is bad, you should have seen 10 years ago at this company..." is an example of Ans: Rationalization Question: "It's a gray area," if it applies, means that the conduct you are evaluating is ethical, so long as you stay in the gray area. Ans: False Question: "I was just following orders," is a defense in law and a test for ethical behavior. Ans: False 2 Master01 | 2025/2026 | Latest update Question: "That's the way it has always been done," is a phrase that often signals ethical difficulties. Ans: True Question: A code of ethics is an individual firm's behavior standard for employees. Ans: True Question: A lack of business ethics can result in a lack of business goodwill. Ans: Tru

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BUL3310 Chapter 2 Questions and Correct
Detailed Answers (Verified Answers)
Question: "Everybody else does it" is a valid test for determining

whether conduct is ethical.


Ans: False



Question: "If you think what we're doing now is bad, you should

have seen 10 years ago at this company..." is an example of


Ans: Rationalization



Question: "It's a gray area," if it applies, means that the conduct

you are evaluating is ethical, so long as you stay in the gray area.


Ans: False



Question: "I was just following orders," is a defense in law and a

test for ethical behavior.


Ans: False




Master01 | 2025/2026 | Latest update

, 2



Question: "That's the way it has always been done," is a phrase that

often signals ethical difficulties.


Ans: True



Question: A code of ethics is an individual firm's behavior standard

for employees.


Ans: True



Question: A lack of business ethics can result in a lack of business

goodwill.


Ans: True



Question: A stakeholder is anyone


Ans: who has an interest in a business



Question: An ombudsperson and/or ethics hotline are both critical

to an ethical culture in a company.


Ans: True


Master01 | 2025/2026 | Latest update

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