TEST BANK
Business Ethics: Decision Making for Personal Integrity & Social Responsibility
Laura Hartman
4th Edition
PR
O
FD
O
C
,Table of Contents
1. Ethics and Business
2. Ethical Decision Making: Personal and Professional Contexts
3. Philosophical Ethics and Business
4. The Corporate Culture – Impact and Implications
5. Corporate Social Responsibility
6. Ethical Decision Making: Employer Responsibilities and Employee Rights
7. Ethical Decision Making: Technology and Privacy in the Workplace
8. Ethics and Marketing
9. Business and Environmental Sustainability
10. Ethical Decision Making: Corporate Governance, Accounting, and Finance
PR
O
FD
O
C
, Chapter 01 Ethics and Business
True / False Questions
(ANSWERS AT THE END OF EVERY CHAPTER)
1. Ethical decision making in business is limited to major corporate decisions with dramatic social consequences.
True False
2. In business, every decision can be covered by economic, legal, or company rules and regulations.
True False
3. 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.
True False
4. In a general sense, a business stakeholder is one who has made substantial financial investments in the business.
PR
True False
5. A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.
True False
O
FD
O
C
, 6. The Grayson-Himes Pay for Performance Act was passed to amend the executive compensation provisions of the Emergency
Economic Stabilization Act of 2008.
True False
7. Ethics refers to how human beings should properly live their lives.
True False
8. Ethical business leadership is the skill to create a work environment that helps employees guiltlessly embrace their own good and
bad facets.
True False
9. Norms appeal to certain values that would be promoted or attained by acting in a certain way.
True False
10. Values are the only guidance individuals need to act in ways that are positive or ethical.
PR
True False
11. Ethical values are personal codes of ethics that ensure that a person meets his or her individual standards of well-being.
True False
O
12. The well-being promoted by ethical values is not a personal and selfish well-being.
True False
FD
13. Societies that value individual freedom legally stipulate codes of personal integrity and common decency to safeguard this
freedom.
True False
14. In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent.
O
True False
15. Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.
C
True False
Multiple Choice Questions
16. Identify a true statement about ethical decision making in business.
A. Ethical decision making is not limited to major corporate decisions with dramatic social consequences.
B. Ethical decisions that employees make have to always be based upon clearly established guidelines laid down by the board of
directors.
C. All ethical decisions can be covered by economic, legal, or company rules and regulations.
D. Every instance of ethical decision making should be based on the law of the land.
Business Ethics: Decision Making for Personal Integrity & Social Responsibility
Laura Hartman
4th Edition
PR
O
FD
O
C
,Table of Contents
1. Ethics and Business
2. Ethical Decision Making: Personal and Professional Contexts
3. Philosophical Ethics and Business
4. The Corporate Culture – Impact and Implications
5. Corporate Social Responsibility
6. Ethical Decision Making: Employer Responsibilities and Employee Rights
7. Ethical Decision Making: Technology and Privacy in the Workplace
8. Ethics and Marketing
9. Business and Environmental Sustainability
10. Ethical Decision Making: Corporate Governance, Accounting, and Finance
PR
O
FD
O
C
, Chapter 01 Ethics and Business
True / False Questions
(ANSWERS AT THE END OF EVERY CHAPTER)
1. Ethical decision making in business is limited to major corporate decisions with dramatic social consequences.
True False
2. In business, every decision can be covered by economic, legal, or company rules and regulations.
True False
3. 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.
True False
4. In a general sense, a business stakeholder is one who has made substantial financial investments in the business.
PR
True False
5. A firm's ethical reputation can provide a competitive advantage in the marketplace with customers, suppliers, and employees.
True False
O
FD
O
C
, 6. The Grayson-Himes Pay for Performance Act was passed to amend the executive compensation provisions of the Emergency
Economic Stabilization Act of 2008.
True False
7. Ethics refers to how human beings should properly live their lives.
True False
8. Ethical business leadership is the skill to create a work environment that helps employees guiltlessly embrace their own good and
bad facets.
True False
9. Norms appeal to certain values that would be promoted or attained by acting in a certain way.
True False
10. Values are the only guidance individuals need to act in ways that are positive or ethical.
PR
True False
11. Ethical values are personal codes of ethics that ensure that a person meets his or her individual standards of well-being.
True False
O
12. The well-being promoted by ethical values is not a personal and selfish well-being.
True False
FD
13. Societies that value individual freedom legally stipulate codes of personal integrity and common decency to safeguard this
freedom.
True False
14. In civil law, there is no room for ambiguity in applying the law because much of the law is established by past precedent.
O
True False
15. Ethical theories are patterns of thinking, or methodologies, to help us decide what to do.
C
True False
Multiple Choice Questions
16. Identify a true statement about ethical decision making in business.
A. Ethical decision making is not limited to major corporate decisions with dramatic social consequences.
B. Ethical decisions that employees make have to always be based upon clearly established guidelines laid down by the board of
directors.
C. All ethical decisions can be covered by economic, legal, or company rules and regulations.
D. Every instance of ethical decision making should be based on the law of the land.
