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Business Law Ch5 Part I
Test Description: Good Luck!
Instructions: Answer all questions to get your test result.
1) Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
A
False
B
True
2) Business ethics focuses on ethical behavior in the business world.
A
False
B
True
3) An action may be legal and ethical.
A
False
B
True
4) The legality of an action is always clear.
A
True
B
False
5) The minimal acceptable standard for ethical behavior is compliance with the law.
A
True
B
False
6) Business ethics is consistent ONLY with short-run profit maximization.
A
False
B
True
7) Focusing on a firm's short-term profits without considering the company's long-term needs may be acting unethically.
A
True
B
False
8) ethical codes of conduct can set the ethical tone of a firm.
A
False
B
True
9) Setting realistic workplace goals can reduce the probability that employees will act unethically.
A
False
B
True
10) Some companies have set ;up confidential systems for employees to raise red flags about suspected unethical practices.
A
False
B
True
11) A business firm's profits may suffer if the firm is not a good corporate citizen.
A
True
B
False
12) Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.
A
True
B
False
13) One guideline to evaluating the ethics of a particular action is to let your conscience by your guide.
A
False
B
True
*select an answer for all questions
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