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Exam 5: Business Ethics

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Question 1

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It is always clear what is ethical in a given situation.

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Question 2

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The concept of corporate social responsibility is imposed on corporations by law.

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

Desdemona works for eInnovation, Inc. Her job includes putting "spin" on the firm's successes and failures. In this context, ethics has to do with how businesspersons, in making their decisions, apply

Lowell runs Medical Debt Collection Agency. He collects debts by misrepresenting the facts and pretending to be licensed to perform various occupations. Lowell's conduct most likely warrants

Unless a corporation violates a law, its actions do not raise questions about the role of corporations and the effect of corporate ethics on profit.

Dyan, the owner of Expert Restoration Services, Inc., adheres to the "principle of rights" theory. Under this theory, a key factor in determining whether a business decision is ethical is how that decision

GetTogether, A Social Media Company encourages its managers to behave ethically, reasoning that lower-level employees will take their cues from management. One of the most important ways to create and maintain an ethical workplace is for GetTogether's management to

Company codes are not law.

Ryland, an officer for Sports Park, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

Under the principle of rights theory, one person's principles are as "right" as another's.

Ross, a research manager for Stock & Bond Investments, Inc., adheres to utilitarian ethics. Ross will determine that an action is morally cor?rect when it produces the greatest good for

Ricardo suspects his supervisor Simone of unethical accounting practices. But Ricardo does not want to report Simone if she will find out who reported her and fire Ricardo. An important feature of online reporting systems like EthicsPoint is that an employee reporting unethical behavior

An action may be legal but not ethical.

Brewster, the chief executive officer of Cog & Gear Lubricants Corporation, wants to en?sure that Cog & Gear's activities are legal and ethical. The best course for Brewster and Cog & Gear is to act

In studying the business law, students also review ethics in a business context. Ethics includes the study of what constitutes

An overemphasis on long-run profit maximization is the most common reason that ethical problems occur in business.

Compared to business ethics, employee ethics is not an important issue.

Situations in which employers face ethical issues with respect to social media platforms include

Ethics is as well defined as the law.