Business Law Chapter 2 Business Ethics Exam 100% Accurate!!
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Business Law Chapter 2
Institution
Business Law Chapter 2
Business ethics involve only the ethics of the organization. - ANSWERFalse
Ethics and the law are interrelated. - ANSWERTrue
Prohibition of alcohol sales and consumption in the United States was due to the ethical beliefs of some members of society. - ANSWERTrue
The case of Dodge v. Ford Motor C...
Business Law Chapter 2 Business
Ethics Exam 100% Accurate!!
Business ethics involve only the ethics of the organization. - ANSWERFalse
Ethics and the law are interrelated. - ANSWERTrue
Prohibition of alcohol sales and consumption in the United States was due to the ethical beliefs of
some members of society. - ANSWERTrue
The case of Dodge v. Ford Motor Co. resulted in a court opinion that defined the duty of a
corporation. According to the court, a corporation has a primary duty to maximize profits and to
protect the interests of its owners. - ANSWERTrue
According to the "Social Contract Theory," business only exists because society allows it to exist, and
will cease to exist if society so decides. - ANSWERTrue
The "Social Contract Theory" asserts that a business must satisfy social desires and social demands in
order to be allowed to operate. - ANSWERTrue
If a business operates within the law, by definition it must be acting in an ethical manner. -
ANSWERFalse
Historically, businesses were viewed by many as amoral institutions. - ANSWERTrue
Nonconsequential ethics tend to focus on concepts of duty, with adherence to one's duty being
viewed as ethical conduct by definition. - ANSWERTrue
Consequential ethics attempts to measure "rightness" and "wrongness" by determining the ratio of
good to evil that will result from any given action. - ANSWERTrue
The terms "ethics" and "morality" are interchangeable. - ANSWERFalse
According to Immanuel Kant, a "perfect" duty defines those things that a person must always do or
refrain from doing, while an "imperfect" duty defines things that a person should do, but not
necessarily things that a person must do. - ANSWERTrue
According to "game theory," if lying is unethical, then "bluffing" is also unethical. - ANSWERFalse
Game theory" is the view of business ethics currently held by most of society. - ANSWERFalse
Under the social contract theory, a business manager must base decisions affecting the business, at
least in part, on the impact the decisions will have on the business's various constituent groups. -
ANSWERTrue
Different societies may have different ethics, but the morals of any given individual should remain
relatively constant no matter which society that person should happen to be in at any point in time. -
ANSWERTrue
Laws enacted by society establish a minimum standard of behavior that is expected from each
member of that society. - ANSWERTrue
, Egoism, from an organizational perspective, involves those actions that best promote the long-term
interests of the organization - ANSWERTrue
An egoist focuses on the interest of the individual; whereas the utilitarian focuses on the interests of
society. - ANSWERTrue
Federal law now requires that businesses adopt a code of ethics. - ANSWERFalse
A business must satisfy the social contract. - ANSWERTrue
A number of people view ''business ethics'' as a contradiction in terms. - ANSWERTrue
Ethics refers to a guiding philosophy—the principles of conduct governing an individual or a group.
By contrast, morals relate to principles of right and wrong behavior - ANSWERTrue
Ethics refers to principles of right and wrong behavior as sanctioned by or operative on one's
conscience. - ANSWERFalse
Morals are guiding principles of conduct governing an individual or a group. - ANSWERFalse
Civil Rights movement ultimately changed the laws regarding equal rights and racial discrimination,
thereby changing the social values reflected by the laws governing human rights in this country. -
ANSWERTrue
Two broad categories of ethical theories exist, based on either consequential (deontological)
principles or on nonconsequential (teleological) principles. - ANSWERTrue
Consequential principles tend to focus on the concept of duty rather than on any concepts of right
and/or wrong. - ANSWERFalse
Nonconsequential ethics determine the ''rightness'' or the ''wrongness'' of any action by determining
the ratio of good to evil that a given action will produce. - ANSWERFalse
The ''categorical imperative'' advanced by Immanuel Kant and the ''veil of ignorance'' advocated by
John Rawls are two of the best-known theories in support of the nonconsequential principles of
ethics. - ANSWERTrue
The ''categorical imperative'' advanced by John Rawls and the ''veil of ignorance''advocated by
Immanuel Kant are two of the best-known theories in support of the nonconsequential principles of
ethics. - ANSWERFalse
An egoist may be willing to make a personal sacrifice today to receive some benefit in the future, and
doing so is perfectly consistent with the doctrine of egoism. - ANSWERTrue
A rule utilitarian believes that strict adherence to the rules of the society will generally produce the
greatest good for the greatest number. - ANSWERTrue
Two business managers applying the same theory of ethics will always come to the same conclusion.
- ANSWERFalse
The Cultural Relativism Theory is based upon the belief that some societies are better than others. -
ANSWERFalse
Utilitarian Ethics believes the best action is the one that brings about the best results. - ANSWERTrue
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