LES 305 exam 1 Questions & Answers(RATED A+)

LES 305 exam 1 Questions &
Answers(RATED A+)
True or False

An action may be legal but not ethical - ANSWERTrue

True or False
Ethical codes of conduct can set the ethical tone of a firm. - ANSWERTrue

True or False

The minimal acceptable standard for ethical behavior is compliance with the law. -
ANSWERTrue

True or False
A business firm's profits may suffer if the firm is not a "good corporate citizen." -
ANSWERTrue

True or False
Business ethics is consistent only with short-run profit maximization. -
ANSWERFalse

True or False
Business ethics applies only to the owners, operators, and employees of
corporations. - ANSWERFalse

True or False
Acting in good faith gives a business firm a better chance of defending its actions in
court. - ANSWERTrue

True or False
Managers must apply different standards to themselves than they apply to their
employees. - ANSWERFalse

True or False

Some U.S. bribery laws are directed toward accountants. - ANSWERTrue

True or False
Simply obeying the law does not fulfill all ethical obligations. - ANSWERTrue

True or False
A business organization and its actions cannot be based on trust - ANSWERFalse

True or False
The legality of an action is always clear - ANSWERFalse

,According to utilitarianism, an action that affects the majority adversely is morally
wrong. - ANSWERTrue

True or false
Corporations can be good citizens by promoting goals that society deems
worthwhile. - ANSWERTrue

True or False
An ethics program can clarify what a company considers to be unacceptable
conduct. - ANSWERTrue

True or False
A business firm can sometimes predict whether a given action is legal. -
ANSWERTrue

True or False
The role played by women may present some difficult ethical problems for firms
doing business internationally - ANSWERTrue


True or False
Ethical standards based on religious teachings tend to be absolute. - ANSWERTrue

True or False
Setting realistic workplace goals can reduce the probability that employees will act
unethically - ANSWERTrue

According to utilitarianism, it does not matter how many people suffer a negative
effect from an act. - ANSWERFalse

Corporate ethical policies must be clearly communicated to be effective. -
ANSWERTrue

True or False
To be ethical is 'to do the right thing' under all circumstances, even when it is difficult
to stand up for what it right" - ANSWERFalse

True or False
The most common reason that ethical problems occur in business is an
overemphasis on long-run profit maximization. - ANSWERFalse

True or false
Under the principle of rights theory, one person's set of values is as "right" as
another's - ANSWERFalse

True or False
Corporations can be perceived as owing ethical duties to groups other than their
shareholders - ANSWERTrue

, True or False

Business ethics focuses on ethical behavior in the business world - ANSWERTrue

True or False
If an action is ethical from an outcome-based perspective, it is always ethical from a
duty-based perspective - ANSWERFalse

True or False
In ethical terms, a cost-benefit analysis is an assessment of the negative and
positive effects of alternative actions on individuals. - ANSWERTrue

True or False
Businesspersons who would choose to act unethically may be deterred from doing
so because of public opinion. - ANSWERTrue

True or False
One guideline to evaluating the ethics of a particular action is to "let your conscience
be your guide." - ANSWERTrue

True or False
Ethics is concerned with the fairness or justness of an action - ANSWERTrue

True or False
Ethics is the branch of philosophy that focuses on what constitutes right and wrong
behavior - ANSWERTrue

True or False
Bribery of foreign government officials is both an ethical and a legal issue. -
ANSWERTrue

True or False
Ethical reasoning is the process through which an individual rationalizes whatever
action he or she chooses to take. - ANSWERFalse

True or False
Concurrent jurisdiction exists when both federal and state courts have the power to
hear a particular case. - ANSWERTrue

True or False
Mandatory arbitration clauses in employment contracts are not enforceable. -
ANSWERFalse

True or False
Negotiation traditionally involves just the parties to a dispute without their attorneys -
ANSWERFalse

True or False
Service of process is the process of obtaining information from an opposing party
before trial. - ANSWERFalse