BA 200 EXAM 1 QUESTIONS WITH 100% SOLVED
ANSWERS, PASSED!!
Generally accepted rulse of conduct that governs society.
Does not have to be illegal to be against this Answer - Normative Standard
Does business ethics provide a guarantee of profitability? Answer - No
Unethical business ethics is always illegal Answer - false
The application of standards for moral reasoning to business dilemmas Answer
- Business ethics
Situational ethics and moral relativism are the same Answer - true
Natural law and positive law are the same in the views of moral standards
Answer - false
Who does Friedman believe you should serve? Answer - Shareholders
managers answer only to shareholders and act only with shareholders in mind
Answer - Inherence
, Managers are responsible first to shareholders but serves them best by being
responsible to larger society
Business value is enhanced Answer - Enlightened Self- Interest
Business ought to serve the larger society and does this best by serving the
shareholders
Does not get involved in social issues Answer - Invisible Hand
Serve the larger society by responding to the society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved Answer - The Social Responsibility School
Individual firm's behavior standard for employees
Most businesses have one Answer - Code of Ethics
Is it legal
Is it balanced
how does it make me feel Answer - Blanchard and Peale
How would the story be reported?
Application of whether conduct gives the appearance of impropriety Answer -
Front-page-of-the-newspaper Test
How would I view the problem if I sat on the other side of the fence?
ANSWERS, PASSED!!
Generally accepted rulse of conduct that governs society.
Does not have to be illegal to be against this Answer - Normative Standard
Does business ethics provide a guarantee of profitability? Answer - No
Unethical business ethics is always illegal Answer - false
The application of standards for moral reasoning to business dilemmas Answer
- Business ethics
Situational ethics and moral relativism are the same Answer - true
Natural law and positive law are the same in the views of moral standards
Answer - false
Who does Friedman believe you should serve? Answer - Shareholders
managers answer only to shareholders and act only with shareholders in mind
Answer - Inherence
, Managers are responsible first to shareholders but serves them best by being
responsible to larger society
Business value is enhanced Answer - Enlightened Self- Interest
Business ought to serve the larger society and does this best by serving the
shareholders
Does not get involved in social issues Answer - Invisible Hand
Serve the larger society by responding to the society's needs as first priority
Becomes involved in all types of political and social issues
Encourages managers to be involved Answer - The Social Responsibility School
Individual firm's behavior standard for employees
Most businesses have one Answer - Code of Ethics
Is it legal
Is it balanced
how does it make me feel Answer - Blanchard and Peale
How would the story be reported?
Application of whether conduct gives the appearance of impropriety Answer -
Front-page-of-the-newspaper Test
How would I view the problem if I sat on the other side of the fence?
