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Exam 3: Ethics in Business

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Question 1

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Considering the triple bottom line requires looking at how business decisions impact all of the following except

A) the profits.
B) the planet.
C) the people.
D) the platitudes.

E) A) and C)
F) C) and D)

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Question 2

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Outcome-based ethics deals with traditional standards of behavior.

A) True
B) False

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Question 3

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Compliance with the law is not always sufficient to determine "right" behavior because

In addressing an ethical problem, a business decision maker evaluates possible solutions to the problem and then considers what should be done. In terms of the IDDR approach, this is

Once a law is passed to codify an ethical requirement, the ethical aspect of the action is no longer important.

When profit maximization is the goal, a company does not benefit from ethical behavior.

The utilitarian theory of ethics does not require

Making ethical decisions is most often best done by analyzing objective standards (such as profit or number of people fired) instead of subjective impacts on stakeholders.

The Fraud Reduction and Data Analytics Act to prevent, detect, and respond to fraud in federal programs institutionalizes

Judging a job applicant based on what an online search reveals about the applicant's activities outside the workplace universally is viewed as ethical.

Duty-based ethics is based in the idea that every business has certain duties to others.

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

Because social media is so widespread, it is legal and ethical for a company to have social media policies limiting employees from criticizing the company.

When making decisions that are ethical under either profit maximization or corporate citizenship theories, a business should include all of the following steps except

The first step in making an ethical decision is to understand the problem.

Global businesses need to be conscious of the impact of different religious principles on ethics.

The Sarbanes-Oxley Act was enacted to reduce the number of unethical business decisions by requiring the accountability of publicly traded companies.

It can be difficult to predict with certainty how a court will apply a given law to a particular action.

Ethical decision makers should test and reflect on the outcome of their decisions.

Questions of what is ethical involve the extent to which a company has