Business Law Ch5 Part I Question Preview (ID: 22215)


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Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.
a) True
b) False
c)
d)

Business ethics focuses on ethical behavior in the business world.
a) True
b) False
c)
d)

An action may be legal and ethical.
a) True
b) False
c)
d)

The legality of an action is always clear.
a) False
b) True
c)
d)

The minimal acceptable standard for ethical behavior is compliance with the law.
a) True
b) False
c)
d)

Business ethics is consistent ONLY with short-run profit maximization.
a) False
b) True
c)
d)

Focusing on a firm's short-term profits without considering the company's long-term needs may be acting unethically.
a) True
b) False
c)
d)

ethical codes of conduct can set the ethical tone of a firm.
a) True
b) False
c)
d)

Setting realistic workplace goals can reduce the probability that employees will act unethically.
a) True
b) False
c)
d)

Some companies have set ;up confidential systems for employees to raise red flags about suspected unethical practices.
a) True
b) False
c)
d)

A business firm's profits may suffer if the firm is not a good corporate citizen.
a) True
b) False
c)
d)

Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.
a) True
b) False
c)
d)

One guideline to evaluating the ethics of a particular action is to let your conscience by your guide.
a) True
b) False
c)
d)

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