MKT 375 CHP 1 REVIEW EXAM QUESTIONS AND ANSWERS
Ethical decision making in business is limited to major corporate decisions with dramatic social
consequences. - CORRECT ANSWER✅✅false
A firm's ethical reputation can provide a competitive advantage in the marketplace with customers,
suppliers, and employees. - CORRECT ANSWER✅✅true
Ethical business leadership is the skill to create a work environment that helps employees guiltlessly
embrace their own good and bad facets. - CORRECT ANSWER✅✅false
Norms appeal to certain values that would be promoted or attained by acting in a certain way. -
CORRECT ANSWER✅✅true
Ethical theories are patterns of thinking, or methodologies, to help us decide what to do. - CORRECT
ANSWER✅✅true
In business, every decision can be covered by economic, legal, or company rules and regulations. -
CORRECT ANSWER✅✅false-At some point, every worker, and certainly everyone in a managerial role,
will be faced with an issue that will require ethical decision making. Not every decision can be covered
by economic, legal, or company rules and regulations
Values are the only guidance individuals need to act in ways that are positive or ethical. - CORRECT
ANSWER✅✅false-In general, values are those beliefs that incline us to act or to choose one way rather
than another. One important implication of this guidance, of course, is that an individual's or a
corporation's set of values may lead to either ethical or unethical results.
Due to the high incidence of corporate frauds today, the direct costs of unethical business practice are
less visible now than they have ever been before. - CORRECT ANSWER✅✅false-The direct costs of
unethical business practice are more visible today than perhaps they have ever been before. The first
decade of the new millennium has been riddled with highly publicized corporate scandals, the effects of
which did not escape people of any social or income class.
Ethical values are personal codes of ethics that ensure that a person meets his or her individual
standards of well-being. - CORRECT ANSWER✅✅false-It is important to know two elements of ethical
Ethical decision making in business is limited to major corporate decisions with dramatic social
consequences. - CORRECT ANSWER✅✅false
A firm's ethical reputation can provide a competitive advantage in the marketplace with customers,
suppliers, and employees. - CORRECT ANSWER✅✅true
Ethical business leadership is the skill to create a work environment that helps employees guiltlessly
embrace their own good and bad facets. - CORRECT ANSWER✅✅false
Norms appeal to certain values that would be promoted or attained by acting in a certain way. -
CORRECT ANSWER✅✅true
Ethical theories are patterns of thinking, or methodologies, to help us decide what to do. - CORRECT
ANSWER✅✅true
In business, every decision can be covered by economic, legal, or company rules and regulations. -
CORRECT ANSWER✅✅false-At some point, every worker, and certainly everyone in a managerial role,
will be faced with an issue that will require ethical decision making. Not every decision can be covered
by economic, legal, or company rules and regulations
Values are the only guidance individuals need to act in ways that are positive or ethical. - CORRECT
ANSWER✅✅false-In general, values are those beliefs that incline us to act or to choose one way rather
than another. One important implication of this guidance, of course, is that an individual's or a
corporation's set of values may lead to either ethical or unethical results.
Due to the high incidence of corporate frauds today, the direct costs of unethical business practice are
less visible now than they have ever been before. - CORRECT ANSWER✅✅false-The direct costs of
unethical business practice are more visible today than perhaps they have ever been before. The first
decade of the new millennium has been riddled with highly publicized corporate scandals, the effects of
which did not escape people of any social or income class.
Ethical values are personal codes of ethics that ensure that a person meets his or her individual
standards of well-being. - CORRECT ANSWER✅✅false-It is important to know two elements of ethical
