Business Ethics: Legal, Moral, and Global Perspectives
Study online at https://quizlet.com/_j1wwlv
1. What is the primary focus of business ethics?: The study of what constitutes right or wrong
behavior in business decisions.
2. How can ethical issues impact a business?: They can significantly affect a firm's finances and
reputation, especially during scandals.
3. What is an example of a legal but ethically questionable activity?: Marketing a
product without sufficient research on its potential side effects.
4. What is the goal of business ethics?: To ensure that businesses consider the ethical ramifications
of their decisions without stifling innovation.
5. What is the relationship between law and ethics?: Some ethical rights and duties are
institutionalized through laws, but laws cannot codify all ethical requirements.
6. What is the moral minimum?: Compliance with the law, representing the lowest ethical standard
that society will tolerate.
7. What legislation was passed to address fraud risks in federal agencies?: The
Fraud Reduction and Data Analytics Act.
8. What prompted the creation of the Dodd-Frank Wall Street Reform and
Consumer Protection Act?: Alleged ethical lapses on Wall Street that contributed to a financial crisis.
9. What does the Sarbanes-Oxley Act (SOX) aim to achieve?: To reduce corporate fraud
and ensure accountability in publicly traded companies.
10. What are gray areas in the law?: Situations where laws are ambiguous or difficult to interpret,
making it hard to predict court applications.
11. What can happen if a business fails to meet the moral minimum?: It can face
significant legal consequences, including liability in lawsuits.
12. What ethical dilemma did Shannon Clayborn face with her product?: Whether
to conduct more research on potential side effects before marketing her anti-aging products.
13. What is a potential consequence of rushing to production without ethical
consideration?: It can lead to disastrous outcomes for a business, including legal issues and loss of reputation.
14. What is the purpose of ethics-based case problems in business education?-
: To evaluate ethical dilemmas and decision-making processes in business contexts.
15. How do ethical principles influence business decisions?: They guide businesspersons
in determining their duties and responsibilities.
16. What is an example of unethical behavior in business despite being legal?: A
company refusing to negotiate liability claims to increase legal costs for injured parties.
, Business Ethics: Legal, Moral, and Global Perspectives
Study online at https://quizlet.com/_j1wwlv
17. What is the significance of the term 'justness' in ethics?: It refers to the fairness and
moral correctness of actions taken by individuals or businesses.
18. How does the study of business ethics differ from general ethics?: Business
ethics specifically focuses on ethical issues arising in business decision-making.
19. Why might laws be considered insufficient for addressing ethical issues?: -
Laws often involve compromises and may not provide clear guidance on ethical conduct.
20. What role do ethics play in the development of new technologies?: Ethics help
assess the potential risks and consequences of new technologies before market introduction.
21. What was the outcome of the court case involving Rick Scott and Salvatore
Carpanzano?: The court ruled in favor of Scott, finding Salvatore liable but reversed the judgment against
Carmela due to lack of evidence.
22. What is the importance of accountability measures in corporate gover-
nance?: They help ensure that company heads verify the accuracy of financial reports and ethical practices.
23. What does the term 'ethical transgressions' refer to?: Actions that violate ethical
standards, often leading to public harm and legal consequences.
24. How can ethical considerations affect consumer trust?: Ethical behavior can enhance
consumer trust, while unethical actions can lead to loss of credibility.
25. What is the significance of the phrase 'raise red flags' in corporate ethics?: It
refers to the process of reporting suspected illegal or unethical practices within a company.
26. What is the ethical issue when a company refuses to settle a claim?: If the
refusal is meant to increase legal costs and force the injured party to drop a legitimate claim, the company is not
acting ethically.
27. What are company codes of ethics?: Internal rules set by a company that outline policies and
expected employee behavior, but they are not laws.
28. What is the motto of Google's code of conduct?: Don't be evil.
29. What does Google's code of conduct promote?: Integrity, mutual respect, and the highest
standard of ethical business conduct.
30. What does the American Institute of Certified Public Accountants (AICPA)
provide?: A comprehensive Code of Professional Conduct for ethical accounting practices.
31. What is the triple bottom line in business ethics?: A corporation's profits, its impact on
people, and its impact on the planet.
, Business Ethics: Legal, Moral, and Global Perspectives
Study online at https://quizlet.com/_j1wwlv
32. What should businesses evaluate when making decisions?: Legal implications,
public relations impact, safety risks, and financial implications.
33. Why is customer satisfaction important for businesses?: Happy customers lead to
repeat business and positive reviews, which increase profitability.
34. What ethical issue arises from digital technology in the workplace?: The
challenge of employees working outside normal hours due to constant connectivity.
35. What is the 'right of disconnecting'?: The concept that employees should have the right to not
engage in work-related communications during nonworking hours.
36. What does the Fair Labor Standards Act (FLSA) regulate?: Payment for overtime work
and conditions under which employees must be compensated for off-duty work.
37. What was the ruling regarding Hormel Foods Corporation and its workers?-
: They had to be paid for the time spent changing into and out of required clothing.
38. What was the outcome for Amazon warehouse employees regarding metal
detector checks?: They were not entitled to pay for the time spent passing through metal detectors.
39. What is a common issue faced by employees regarding unpaid overtime?-
: Employees suing for unpaid overtime related to smartphone use.
40. How do codes of ethics benefit companies?: They provide guidance for ethical deci-
sion-making and can enhance trust and integrity.
41. What is the role of corporate citizenship in modern business?: Corporations are
expected to participate in bettering communities and society beyond just profit maximization.
42. What can happen if a company violates its code of ethics?: Discipline of an employee
or sanctions against the company from the industry organization.
43. What are some specific issues addressed in Google's code of conduct?: Privacy,
drugs and alcohol, conflicts of interest, co-worker relationships, and confidentiality.
44. What is the significance of ethical behavior in business?: It can lead to customer
satisfaction, repeat business, and positive public perception.
45. What is the impact of bad reviews on a business?: They can hurt profits and drive
customers to competitors.
46. What are the implications of the public relations impact in business deci-
sions?: It affects how the public perceives the company and can influence customer loyalty.
47. What does integrity in business dealings entail?: Exhibiting honesty and fairness in
interactions with others.
Study online at https://quizlet.com/_j1wwlv
1. What is the primary focus of business ethics?: The study of what constitutes right or wrong
behavior in business decisions.
2. How can ethical issues impact a business?: They can significantly affect a firm's finances and
reputation, especially during scandals.
3. What is an example of a legal but ethically questionable activity?: Marketing a
product without sufficient research on its potential side effects.
4. What is the goal of business ethics?: To ensure that businesses consider the ethical ramifications
of their decisions without stifling innovation.
5. What is the relationship between law and ethics?: Some ethical rights and duties are
institutionalized through laws, but laws cannot codify all ethical requirements.
6. What is the moral minimum?: Compliance with the law, representing the lowest ethical standard
that society will tolerate.
7. What legislation was passed to address fraud risks in federal agencies?: The
Fraud Reduction and Data Analytics Act.
8. What prompted the creation of the Dodd-Frank Wall Street Reform and
Consumer Protection Act?: Alleged ethical lapses on Wall Street that contributed to a financial crisis.
9. What does the Sarbanes-Oxley Act (SOX) aim to achieve?: To reduce corporate fraud
and ensure accountability in publicly traded companies.
10. What are gray areas in the law?: Situations where laws are ambiguous or difficult to interpret,
making it hard to predict court applications.
11. What can happen if a business fails to meet the moral minimum?: It can face
significant legal consequences, including liability in lawsuits.
12. What ethical dilemma did Shannon Clayborn face with her product?: Whether
to conduct more research on potential side effects before marketing her anti-aging products.
13. What is a potential consequence of rushing to production without ethical
consideration?: It can lead to disastrous outcomes for a business, including legal issues and loss of reputation.
14. What is the purpose of ethics-based case problems in business education?-
: To evaluate ethical dilemmas and decision-making processes in business contexts.
15. How do ethical principles influence business decisions?: They guide businesspersons
in determining their duties and responsibilities.
16. What is an example of unethical behavior in business despite being legal?: A
company refusing to negotiate liability claims to increase legal costs for injured parties.
, Business Ethics: Legal, Moral, and Global Perspectives
Study online at https://quizlet.com/_j1wwlv
17. What is the significance of the term 'justness' in ethics?: It refers to the fairness and
moral correctness of actions taken by individuals or businesses.
18. How does the study of business ethics differ from general ethics?: Business
ethics specifically focuses on ethical issues arising in business decision-making.
19. Why might laws be considered insufficient for addressing ethical issues?: -
Laws often involve compromises and may not provide clear guidance on ethical conduct.
20. What role do ethics play in the development of new technologies?: Ethics help
assess the potential risks and consequences of new technologies before market introduction.
21. What was the outcome of the court case involving Rick Scott and Salvatore
Carpanzano?: The court ruled in favor of Scott, finding Salvatore liable but reversed the judgment against
Carmela due to lack of evidence.
22. What is the importance of accountability measures in corporate gover-
nance?: They help ensure that company heads verify the accuracy of financial reports and ethical practices.
23. What does the term 'ethical transgressions' refer to?: Actions that violate ethical
standards, often leading to public harm and legal consequences.
24. How can ethical considerations affect consumer trust?: Ethical behavior can enhance
consumer trust, while unethical actions can lead to loss of credibility.
25. What is the significance of the phrase 'raise red flags' in corporate ethics?: It
refers to the process of reporting suspected illegal or unethical practices within a company.
26. What is the ethical issue when a company refuses to settle a claim?: If the
refusal is meant to increase legal costs and force the injured party to drop a legitimate claim, the company is not
acting ethically.
27. What are company codes of ethics?: Internal rules set by a company that outline policies and
expected employee behavior, but they are not laws.
28. What is the motto of Google's code of conduct?: Don't be evil.
29. What does Google's code of conduct promote?: Integrity, mutual respect, and the highest
standard of ethical business conduct.
30. What does the American Institute of Certified Public Accountants (AICPA)
provide?: A comprehensive Code of Professional Conduct for ethical accounting practices.
31. What is the triple bottom line in business ethics?: A corporation's profits, its impact on
people, and its impact on the planet.
, Business Ethics: Legal, Moral, and Global Perspectives
Study online at https://quizlet.com/_j1wwlv
32. What should businesses evaluate when making decisions?: Legal implications,
public relations impact, safety risks, and financial implications.
33. Why is customer satisfaction important for businesses?: Happy customers lead to
repeat business and positive reviews, which increase profitability.
34. What ethical issue arises from digital technology in the workplace?: The
challenge of employees working outside normal hours due to constant connectivity.
35. What is the 'right of disconnecting'?: The concept that employees should have the right to not
engage in work-related communications during nonworking hours.
36. What does the Fair Labor Standards Act (FLSA) regulate?: Payment for overtime work
and conditions under which employees must be compensated for off-duty work.
37. What was the ruling regarding Hormel Foods Corporation and its workers?-
: They had to be paid for the time spent changing into and out of required clothing.
38. What was the outcome for Amazon warehouse employees regarding metal
detector checks?: They were not entitled to pay for the time spent passing through metal detectors.
39. What is a common issue faced by employees regarding unpaid overtime?-
: Employees suing for unpaid overtime related to smartphone use.
40. How do codes of ethics benefit companies?: They provide guidance for ethical deci-
sion-making and can enhance trust and integrity.
41. What is the role of corporate citizenship in modern business?: Corporations are
expected to participate in bettering communities and society beyond just profit maximization.
42. What can happen if a company violates its code of ethics?: Discipline of an employee
or sanctions against the company from the industry organization.
43. What are some specific issues addressed in Google's code of conduct?: Privacy,
drugs and alcohol, conflicts of interest, co-worker relationships, and confidentiality.
44. What is the significance of ethical behavior in business?: It can lead to customer
satisfaction, repeat business, and positive public perception.
45. What is the impact of bad reviews on a business?: They can hurt profits and drive
customers to competitors.
46. What are the implications of the public relations impact in business deci-
sions?: It affects how the public perceives the company and can influence customer loyalty.
47. What does integrity in business dealings entail?: Exhibiting honesty and fairness in
interactions with others.
