,An7jIntroduction7jto7jBusiness7jEthics,7j6e7j(DesJardins)7jCha
pter7j17 j Why7jStudy7jEthics?
1) Which7jof7jthe7jfollowing7jstatements7jis7jdecisive7jin7jdetermining7jwhether7jor7jnot7jto7jstudy7jb
usiness7jethics?
A) Business7jmanagers7jdon't7jneed7jto7jstudy7jethics7jin7jorder7jto7jknow7jhow7jto7jtreat7jempl
oyees,7jshareowners,7jand7jcustomers.
B) Business7jand7jethics7jsimply7jdon't7jmix.7jIn7jthe7jfinal7janalysis,7jself-
interest,7jrepresented7jby7jprofit,7joverrides7jthe7jinterests7jof7jemployees,7jcustomers,7jand7jcommu
nities.7jOpinion7jand7jsentiment7jget7jin7jthe7jway7jof7jefficient7jbusiness7jdecision7jmaking.
C) Ethical7jconcerns7jare7jas7junavoidable7jin7jbusiness7jas7jare7jconcerns7jof7jmarketing,7jaccoun
ting,7jfinance,7jand7jhuman7jresources.7jFormal7jstudy7jof7jbusiness7jethics7jhelps7jaddress7jthese7j
concerns7jso7jthat7jbusinesses7jcan7jintegrate7jethics7jin7jtheir7jdecision7jmaking.
D) The7janswers7jto7jethical7jquestions7jare7jclear-
cut7jenough;7jall7jbusiness7jpeople7jalready7jknow7jright7jfrom7jwrong.
Answer:7 j C
Accessibility:7 j Keyboard7jNavigation
2) Which7jof7jthe7jfollowing7jstatements7jcorrectly7jdescribes7jthe7jrelationship7jbetween7jphilosop
hical7jethics7jand7jethos?
A) Individuals7jwho7jobey7jthe7jconventions,7jmores,7jand7jrules7jof7jtheir7jcultures7jare7jalready7j
acting7jethically.7jNo7jfurther7jphilosophical7jreflection7jis7jrequired.
B) Philosophical7jethics7jdistinguishes7jwhat7jpeople7jdo7jvalue7jfrom7jwhat7jthey7jshould7jvalue.
C) What7jpeople7jdo7jvalue7jand7jshould7jvalue7jis,7jfor7jall7jpractical7jpurposes,7jthe7jsame.
D) Philosophical7jethics7jis7jtoo7jabstract7jto7jbe7juseful7jin7jeveryday7jlife7jsituations.7jFollowi
ng7jthe7jmores7jand7jcustoms7jof7jone's7jculture7jis7ja7jmore7jdependable7jway7jto7jmake7jmoral
7jdecisions.
Answer:7 j B
Accessibility:7 j Keyboard7jNavigation
3) Ethics7jrefers7jto7jthe7jbeliefs,7jvalues,7jand7jprinciples7jthat7jguide7ja7jperson's7jlife7jand7jdecisions.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
4) Ethical7jbehavior7jand7jan7jethical7jreputation7jcan7jprovide7ja7jcompetitive7jadvantage7ji
n7jthe7jmarketplace7jand7jwith7jcustomers,7jsuppliers,7jand7jemployees.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
1
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.
,5) In7ja7jsociety7jthat7jvalues7jindividual7jfreedom,7jeverything7jthat7jis7jlegal7jis7jethically7jrig
ht7jand7jeverything7jthat7jis7jethically7jwrong7jis7jillegal.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
6) Unlike7jGenerally7jAccepted7jAccounting7jPrinciples7j(GAAP)7jfor7jaccountants,7jthere7jar
e7jno7jprinciples,7jstandards,7jconcepts,7jor7jvalues7jcommon7jto7jbusiness7jethics.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
7) The7jrole7jof7jan7jethics7jcourse7jshould7jbe7jto7jconvey7jinformation7jto7ja7jpassive7jaudience,
7jwhile7jtreating7jstudents7jas7jpassive7jlearners.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
8) The7junexamined7jlife,7jaccording7jto7jSocrates,7jis7jnot7jworth7jliving.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
9) Business7jethics7jis7jconcerned7jmore7jwith7jreasoning7jthan7janswers.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
10) If7jsomething7jis7jseriously7jwrong,7jthe7jlaw7jwill7jprohibit7jit.7jConsequently,7jit's7jenough7jto7jr
ely7jon7jthe7jlaw7jfor7jdeciding7jwhat's7jright7jor7jwrong.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
11) Ethics7jand7jethos7jare7jthe7jsame7jthing.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
12) Philosophical7jethics7jdenies7jthat7jconformity7jand7jobedience7jare7jthe7jbest7jguides7jto7jho
w7jwe7jshould7jlive.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
2
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.
, 13) According7jto7jphilosophical7jethics,7ja7jsimple7jacceptance7jof7jcustomary7jnorms7jis7jan7jade
quate7jethical7jperspective.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
14) Philosophical7jethics7jdistinguishes7jwhat7jpeople7jdo7jvalue7jfrom7jwhat7jthey7jshould7jvalue.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
15) The7jmajor7jreason7jto7jstudy7jethics7jis7jto7jbe7jable7jto7janswer7jquestions7jsuch7jas7j"what7j
should7jI7jdo?"7jor7j"what7jtype7jof7jperson7jshould7jI7jbe?"7jor7j"how7jshall7jI7jlive7jin7jmy7jcom
munity?"
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
16) Gatekeepers7jare7jthose7jpeople7jand7jinstitutions7jwhose7jrole7jis7jto7jprovide7jchecks7jon7jilleg
al7jand7junethical7jbehavior.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
17) A7jskeptical7jchallenge7jto7jbusiness7jethics7jis7jthat7jthere7jis7jno7jcommon7jrational7jbasis7jfor7j
making7jethical7jjudgments.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
3
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.
pter7j17 j Why7jStudy7jEthics?
1) Which7jof7jthe7jfollowing7jstatements7jis7jdecisive7jin7jdetermining7jwhether7jor7jnot7jto7jstudy7jb
usiness7jethics?
A) Business7jmanagers7jdon't7jneed7jto7jstudy7jethics7jin7jorder7jto7jknow7jhow7jto7jtreat7jempl
oyees,7jshareowners,7jand7jcustomers.
B) Business7jand7jethics7jsimply7jdon't7jmix.7jIn7jthe7jfinal7janalysis,7jself-
interest,7jrepresented7jby7jprofit,7joverrides7jthe7jinterests7jof7jemployees,7jcustomers,7jand7jcommu
nities.7jOpinion7jand7jsentiment7jget7jin7jthe7jway7jof7jefficient7jbusiness7jdecision7jmaking.
C) Ethical7jconcerns7jare7jas7junavoidable7jin7jbusiness7jas7jare7jconcerns7jof7jmarketing,7jaccoun
ting,7jfinance,7jand7jhuman7jresources.7jFormal7jstudy7jof7jbusiness7jethics7jhelps7jaddress7jthese7j
concerns7jso7jthat7jbusinesses7jcan7jintegrate7jethics7jin7jtheir7jdecision7jmaking.
D) The7janswers7jto7jethical7jquestions7jare7jclear-
cut7jenough;7jall7jbusiness7jpeople7jalready7jknow7jright7jfrom7jwrong.
Answer:7 j C
Accessibility:7 j Keyboard7jNavigation
2) Which7jof7jthe7jfollowing7jstatements7jcorrectly7jdescribes7jthe7jrelationship7jbetween7jphilosop
hical7jethics7jand7jethos?
A) Individuals7jwho7jobey7jthe7jconventions,7jmores,7jand7jrules7jof7jtheir7jcultures7jare7jalready7j
acting7jethically.7jNo7jfurther7jphilosophical7jreflection7jis7jrequired.
B) Philosophical7jethics7jdistinguishes7jwhat7jpeople7jdo7jvalue7jfrom7jwhat7jthey7jshould7jvalue.
C) What7jpeople7jdo7jvalue7jand7jshould7jvalue7jis,7jfor7jall7jpractical7jpurposes,7jthe7jsame.
D) Philosophical7jethics7jis7jtoo7jabstract7jto7jbe7juseful7jin7jeveryday7jlife7jsituations.7jFollowi
ng7jthe7jmores7jand7jcustoms7jof7jone's7jculture7jis7ja7jmore7jdependable7jway7jto7jmake7jmoral
7jdecisions.
Answer:7 j B
Accessibility:7 j Keyboard7jNavigation
3) Ethics7jrefers7jto7jthe7jbeliefs,7jvalues,7jand7jprinciples7jthat7jguide7ja7jperson's7jlife7jand7jdecisions.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
4) Ethical7jbehavior7jand7jan7jethical7jreputation7jcan7jprovide7ja7jcompetitive7jadvantage7ji
n7jthe7jmarketplace7jand7jwith7jcustomers,7jsuppliers,7jand7jemployees.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
1
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.
,5) In7ja7jsociety7jthat7jvalues7jindividual7jfreedom,7jeverything7jthat7jis7jlegal7jis7jethically7jrig
ht7jand7jeverything7jthat7jis7jethically7jwrong7jis7jillegal.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
6) Unlike7jGenerally7jAccepted7jAccounting7jPrinciples7j(GAAP)7jfor7jaccountants,7jthere7jar
e7jno7jprinciples,7jstandards,7jconcepts,7jor7jvalues7jcommon7jto7jbusiness7jethics.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
7) The7jrole7jof7jan7jethics7jcourse7jshould7jbe7jto7jconvey7jinformation7jto7ja7jpassive7jaudience,
7jwhile7jtreating7jstudents7jas7jpassive7jlearners.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
8) The7junexamined7jlife,7jaccording7jto7jSocrates,7jis7jnot7jworth7jliving.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
9) Business7jethics7jis7jconcerned7jmore7jwith7jreasoning7jthan7janswers.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
10) If7jsomething7jis7jseriously7jwrong,7jthe7jlaw7jwill7jprohibit7jit.7jConsequently,7jit's7jenough7jto7jr
ely7jon7jthe7jlaw7jfor7jdeciding7jwhat's7jright7jor7jwrong.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
11) Ethics7jand7jethos7jare7jthe7jsame7jthing.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
12) Philosophical7jethics7jdenies7jthat7jconformity7jand7jobedience7jare7jthe7jbest7jguides7jto7jho
w7jwe7jshould7jlive.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
2
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.
, 13) According7jto7jphilosophical7jethics,7ja7jsimple7jacceptance7jof7jcustomary7jnorms7jis7jan7jade
quate7jethical7jperspective.
Answer:7 j FALSE
Accessibility:7 j Keyboard7jNavigation
14) Philosophical7jethics7jdistinguishes7jwhat7jpeople7jdo7jvalue7jfrom7jwhat7jthey7jshould7jvalue.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
15) The7jmajor7jreason7jto7jstudy7jethics7jis7jto7jbe7jable7jto7janswer7jquestions7jsuch7jas7j"what7j
should7jI7jdo?"7jor7j"what7jtype7jof7jperson7jshould7jI7jbe?"7jor7j"how7jshall7jI7jlive7jin7jmy7jcom
munity?"
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
16) Gatekeepers7jare7jthose7jpeople7jand7jinstitutions7jwhose7jrole7jis7jto7jprovide7jchecks7jon7jilleg
al7jand7junethical7jbehavior.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
17) A7jskeptical7jchallenge7jto7jbusiness7jethics7jis7jthat7jthere7jis7jno7jcommon7jrational7jbasis7jfor7j
making7jethical7jjudgments.
Answer:7 j TRUE
Accessibility:7 j Keyboard7jNavigation
3
Copyright7j20197j©7jMcGraw-
Hill7jEducation.7jAll7jrights7jreserved.7jNo7jreproduction7jor7jdistribution7jwithout7jthe7jprior7jwritten7jconsent7jof7
McGraw-Hill Education.