Question 1

In business deals,Fiona,the chief executive officer of Glazed Donuts,Inc. ,follows duty-based ethical standards.These are most likely derived from​

Accepted Answer

A)  a corporate ethics code.
B)  a cost-benefit analysis.
C)  philosophical reasoning.
D)  the law.E) B) and C)
F) C) and D)

Question 2

Corporate Security Company provides other firms with security services.Questions of what is ethical involve the extent to which Corporate Security has​

Accepted Answer

A)  a legal duty beyond those duties mandated by ethics.
B)  an ethical duty beyond those duties mandated by law.
C)  any duty beyond those mandated by both ethics and the law.
D)  any duty when it is uncertain whether a legal duty exists.E) None of the above
F) A) and B)

Question 3

In attempting to maximize profits,executives and employees of Capital Solutions,Inc. ,and other corporations have to distinguish between short-run and long-run profit maximization.Business ethics is consistent only with​

Accepted Answer

A)  long-run profit maximization.
B)  short-run profit maximization.
C)  no consideration of profits whatsoever.
D)  strict adherence to the goal of profit maximization.E) A) and D)
F) B) and C)

Question 4

Invested Capital Corporation provides other firms with funds to expand operations.If Invested Capital strictly complies with existing laws,the firm's business ethics obligations will​

Accepted Answer

A)  be entirely met.
B)  not be met.
C)  be partially met.
D)  not need to be met.E) A) and B)
F) B) and D)

Question 5

Mary works in the accounting department of New Trends Sales Company.Her job includes reviewing expense reports submitted by management and employees.In determining which expenses are "padding," Mary should apply to management​

Accepted Answer

A)  a different set of principles from those that apply to employees.
B)  the same ethical principles that apply to employees.
C)  those principles that produce the most favorable financial outcome.
D)  whatever result is in the best interest of New Trends.E) C) and D)
F) B) and D)

Question 6

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

Accepted Answer

A)  right or wrong behavior.
B)  financially rewarding behavior.
C)  legal behavior.
D)  religious behavior.E) A) and D)
F) None of the above

Question 7

Daisy works for eMarketing,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​

Accepted Answer

A)  legal doctrine.
B)  moral and ethical principles.
C)  corporate guidelines.
D)  financial priorities.E) None of the above
F) A) and B)

Question 8

Provident Medical Health Center asks its employees,many of which are members of the American Nurses Association,to apply the utilitarian theory of ethics.This theory does not require​

Accepted Answer

A)  a choice among alternatives to produce the maximum societal utility.
B)  a determination of whom an action will affect.
C)  an assessment of the effects of alternatives on those affected.
D)  the acquiring of the means of production by workers.E) A) and B)
F) B) and D) D

Question 9

Acting in good faith gives a business firm a better chance of defending its actions in court.

Accepted Answer

A) True 
 B)False

Question 10

Ethics is as clearly defined as the law.

Accepted Answer

A) True 
 B)False

Question 11

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its​

Accepted Answer

A)  operators only.
B)  operators,owners,suppliers,the community,or society as a whole.
C)  owners only.
D)  suppliers,the community,or society as a whole only.E) A) and C)
F) C) and D)

Question 12

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

Accepted Answer

A)  in good faith.
B)  out of ignorance of the law.
C)  with regard for the firm's shareholders only.
D)  in their own self-interest.E) B) and D)
F) A) and C)

Question 13

Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except​

Accepted Answer

A)  absolution.
B)  decision.
C)  inquiry.
D)  justification.E) None of the above
F) B) and D) A

Question 14

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.

Accepted Answer

A) True 
 B)False

Question 15

In a corporation,managers are often faced with ethical trade-offs when a certain decision will benefit one group,but harm another.

Accepted Answer

A) True 
 B)False  True

Question 16

Codes of ethical conduct can indicate how employees are expected to act.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A) True 
 B)False

Question 18

Some provisions of U.S.bribery laws are directed toward accountants.

Accepted Answer

A) True 
 B)False

Question 19

Companies are required to set up confidential systems so that employees can "raise red flags" about suspected illegal or unethical accounting practices.

Accepted Answer

A) True 
 B)False

Question 20

The study of ethics goes beyond legal requirements to evaluate what is right for society.

Accepted Answer

A) True 
 B)False

Exam 5: Business Ethics

In business deals,Fiona,the chief executive officer of Glazed Donuts,Inc. ,follows duty-based ethical standards.These are most likely derived from​

Correct AnswerverifiedShow Answer

Corporate Security Company provides other firms with security services.Questions of what is ethical involve the extent to which Corporate Security has​

Correct AnswerverifiedShow Answer

In attempting to maximize profits,executives and employees of Capital Solutions,Inc. ,and other corporations have to distinguish between short-run and long-run profit maximization.Business ethics is consistent only with​

Correct AnswerverifiedShow Answer

Invested Capital Corporation provides other firms with funds to expand operations.If Invested Capital strictly complies with existing laws,the firm's business ethics obligations will​

Correct AnswerverifiedShow Answer

Mary works in the accounting department of New Trends Sales Company.Her job includes reviewing expense reports submitted by management and employees.In determining which expenses are "padding," Mary should apply to management​

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Daisy works for eMarketing,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​

Correct AnswerverifiedShow Answer

Provident Medical Health Center asks its employees,many of which are members of the American Nurses Association,to apply the utilitarian theory of ethics.This theory does not require​

Correct AnswerverifiedD

Acting in good faith gives a business firm a better chance of defending its actions in court.

Correct AnswerverifiedShow Answer

Ethics is as clearly defined as the law.

Correct AnswerverifiedShow Answer

Any decision by the management of Fast-Food Franchise Corporation may significantly affect its​

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except​

Correct AnswerverifiedA

Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.

Correct AnswerverifiedShow Answer

In a corporation,managers are often faced with ethical trade-offs when a certain decision will benefit one group,but harm another.

Correct AnswerverifiedTrue

Codes of ethical conduct can indicate how employees are expected to act.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Some provisions of U.S.bribery laws are directed toward accountants.

Correct AnswerverifiedShow Answer

Companies are required to set up confidential systems so that employees can "raise red flags" about suspected illegal or unethical accounting practices.

Correct AnswerverifiedShow Answer

The study of ethics goes beyond legal requirements to evaluate what is right for society.

Correct AnswerverifiedShow Answer

In business deals,Fiona,the chief executive officer of Glazed Donuts,Inc. ,follows duty-based ethical standards.These are most likely derived from

Correct Answer
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Corporate Security Company provides other firms with security services.Questions of what is ethical involve the extent to which Corporate Security has

Correct Answer
verified

In attempting to maximize profits,executives and employees of Capital Solutions,Inc. ,and other corporations have to distinguish between short-run and long-run profit maximization.Business ethics is consistent only with

Correct Answer
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Invested Capital Corporation provides other firms with funds to expand operations.If Invested Capital strictly complies with existing laws,the firm's business ethics obligations will

Correct Answer
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Mary works in the accounting department of New Trends Sales Company.Her job includes reviewing expense reports submitted by management and employees.In determining which expenses are "padding," Mary should apply to management

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

Correct Answer
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Daisy works for eMarketing,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

Correct Answer
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Provident Medical Health Center asks its employees,many of which are members of the American Nurses Association,to apply the utilitarian theory of ethics.This theory does not require

Correct Answer
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D

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Any decision by the management of Fast-Food Franchise Corporation may significantly affect its

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

Correct Answer
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Brick & Mortar Construction & Masonry Corporation's ethics committee is asked a question: Should the firm bid low to obtain a contract that it knows it can fulfill only at a higher price? A practical method of investigating and answering this question involves all of the following steps except

Correct Answer
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A

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True

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