The words and deeds of someone will be in agreement with the ethical standards of the company when

a person has a low degreee of integrity. -false

Only Managers are obliged to make decisions in the business environment every day. -false

Laws can never be morally wrong or unethical. -false

Practical reason is concerned with matters of fact and their explanation of value while theoretical reason
is concerned with matters of value abd their explanation. -false

There are five types of ethical standards: utilitarian, rights, fairness or justice, common good, and virtue.
-true

The theory of social responsibility and ethics only applies in a group context. -false

Maintaining social responsibility within an organization ensures the integrity of society and the
environment are protected. -true

Practical reason tries to gauge the way things are while theoretical reason determines how the world
should be and what individuals should do. -false

The approach of social responsibility is based on a system of ethics, in which decisions and actions must
be ethically ratified before proceeding. -true

Ethics is the ideology about right and wrong in the workplace distinguished by social notions of the
moral actions of people. -true

Rule utilitarianism mainly poses the question "What effect would everyone's doing this action have on
the general balance of good over evil?" -true

The character approach analyzes a person's or group's intentions, inclinations, and motives and then
creates a moral judgment of the person's or group's character. -true

Intelligent and good-hearted people all share the same values and hold similar opinions about which
values should abound. -false

Rule utilitarianism emphasizes the specific situations and the many individual features of the
circumstances that offer moral problems, and it presents a simple method for addressing these
individual cases. -false

People using the principle approach often ask such questions as "What's the bottom line?" "What effect
will this have?" "What good will this bring about?" and "Will this help in the long run?" -false

Rule utilitarianism is usually deemed as the most natural interpretation of the utilitarian ideal. -false

The virtue framework addresses the elements of individual characters and disposition which deepen
one's humanity and engender one's relationships with other. -true

It follows that if people neglect their duties, then other people’s rights may be neglected. -true

The character approach is the most familiar since most ethics education is based on character. -false
An utilitarianism generally asks the question "What effect will this act have in this situation on the
general balance of good over evil?" -true

Vital decisions are easy to make with many people. Different personalities interfere with reason and
argument. -false

______ provide relevant insight for our ethical choices. -feelings

Operating a business in an entirely ethical way builds a stronger bond between individuals in leadership
positions that further creates stability within the company. -true

is an internal system of principles which guide your behavior with intrinsic benefits. -integrity

The reputation of a business from other businesses, the community, and investors is important in
determining whether a company is a beneficial investment. -true

Change blindness -occurs when decision-makers fail to see gradual changes over time.

Which of the following is TRUE about ethics? -Ethics is not a religion.

It is a principle that seeks to do the most good and restrict the amount of harm for each individual.

-Utilitarian ethics

It occurs when decision-makers fail to see gradual changes over time. -Change blindness

Making sensible ethical choices does not require an understanding of ethical issues. -false

Some traditions are relatively ethical, but others become corrupt or oblivious to certain ethical manners.
-true

It espouses that moral behavior generates the greatest good for the vast majority. -utilitarian approach

It results from focusing on failures. -Inattentional blindness

is a concept that holds that different treatment of people should not be based on arbitrary
characteristics. -Distributive justice

Building an ethical business environment happens in a day. -false

Inattentional blindness -results from focusing on failures.

Getting the facts is the first step to ethical decision-making. -false

Employees make better decisions efficiently without a governing standard. -false

Ethical decision-making seeks to benefit the company as a whole, instead of allowin just one individual
gain from business decisions. -true

The essence of business ethics extends beyond employee loyalty and morale or the strength of a
leadership bond. -true
Decisions taken within an organization may be made by individuals or groups, but whoever makes the
decisions will be affected by the culture of the company. -true

Managers are not accountable for the ethical conduct of their subordinates. This is made possible by
making sure employees are aware of the code of ethics of the organization and have the opportunity to
validate and clarify their misunderstanding. -false

The Virtue Approach is ethical actions consistent with beliefs and habits that enable us to act according
to the best of our character and on behalf of values like honesty and truth. -true

Integrity is an obligation, not a choice. -false

It maintains that moral decisions must be based on standards of equity, fairness and impartiality.

-The Fairness Approach

Managers are -All of the answers are correct.

It is the shortsightedness of values. -Normative myopia

Only the management is obliged to make decisions in the business environment every day. -false

Ethics refers to -standards of behavior that tell us how people should act in the many situations in which
they find themselves.

It mainly poses the question: What effect would everyone doing this action have on the general balance
of good over evil? -Rule utilitarianism

Effective leaders design strategies to achieve desired outcomes, because they are in the business of
making a profit. -true

An individual who uses the Principle approach believes that an action or decision is right or wrong
regardless of the consequences. -true

In the virtue framework, one tries to identify the negative character traits that might motivate people in
a given situation. -false

It is a set of characteristics that identifies a business. -Corporate culture

Bentham and Fraedrich illustrate two kinds of ethics programs, compliance and values-based. -false

Utilitarianism poses a relatively simple mode for determining the morally right course of action for any
specific situation one may be in. -true

Cultural norms are the shared, approved, and incorporated structures of beliefs and practices that are
handed down through generations and typify a cultural group. -true

The challenge of resolving moral approaches is intensifies by the problem that people have similar
approaches to moral decision-making. -false

According to this viewpoint, people should judge the morality of individual actions by reference to
general moral rules, and people should judge particular rules by determining whether their acceptance
into the moral code would produce more well-being than other possible rules. -Rule utilitarianism
Identify the statement that is consistent with utilitarian ethical theory. -No act is ever morally right or
wrong in all cases ever morally right or wrong in all cases, in every situation. It will depend on the
consequences of the act.

Which proposition correctly describes the concept of a right? -Rights protect the interests of a person.

Corporate culture is a set of characteristics that identifies a business. It involves employee attitudes,
standards, and ways of doing things. -true

Freud and Fraedrich illustrate two kinds of ethics programs, compliance and values-based. -false

The philanthropic model in which business support for a social cause is done simply because it is the
right thing to do differs from the reputational version only in terms of the underlying motivation. -true

Because utilitarianism focuses on consequences, producing the greatest happiness for the greatest
number, as the sole criterion for determining ethical right and wrong, no action is ever right or wrong in
itself, in all cases, in every situation-even, perhaps, murder, rape, theft, deceit, and lying. -true

Which of the following reasons accounts for the dominance of utilitarianism among policy makers and
administrators? -All of the answers are correct.

Which statement/s are legitimate challenges to utilitarian ethical theory? -All of the answers are correct

Ethical character traits include integrity, honesty, and ustice. -true

Culture protrays the ethical and moral beliefs and standards that articulate how people should behave
and interact with one another. -true

Work ethics are -based on moral virtues of hard work.

A corporate director who bought that company stock when he knew it was about to jump up in price
committed fraud by buying it while not disclosing his inside information. -true

Character is a common normative standard of conduct, holding that a specific decision or action is good
or true or right for all every time and everywhere. -false

As long as individuals follow the mores, customers, and rules of their culture or society, they are assured
that their actions are ethically correct. -false

Some traditions are relatively ethical, but others become corrupt or oblivious to certain ethical matters.
-true

What is the definition of ethics? -Understanding right from wrong

According to philanthropic model of corporate social responsibility, the social responsibility of business
managers is to pursue profit with the law. -false

What people do value and what they should value are not necessarily the same. -true

The major reason to study ethics is that whether or not we examine the questions What should I do? or
What type of person should I be? or How shall we live in community? we answer them in the course of
living our everyday lives. -true
The theory of virtue ethics focuses on a full and detailed description of those character traits that would
constitute a good and human life. Egoism is simply not a factor in the ethical decision-making of caring,
empathetic, charitable, and sympathetic persons. -true

Philosophical ethics distinguishes what people do value from what they should value. -true

Managers are accountable for the ethical conduct of those who report to them by making sure
employees are aware of the code of ethics of the organization and have the opportunity to va;idate and
clarify their understanding. -true

If something is seriously wrong, the law will prohibit it. Consequently, it is enough to rely on the law for
deciding what is right or wrong. -false

BEcause people already know right from wrong, the study of business ethics is simply an unprofitable
exercise. -false

Because the language of ethics is so different from talk about operational fields of finance, marketing,
accounting, management, law, and human resources, ethical concepts and categories are not relevant
to these fields. -false

Business Code of Ethics defines acceptable behavior and promote high standards of practice. -true

Which of the following statements is decisive in determining whether or not to study business ethics?

-Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and
human resources. Formal study of business ethics helps address these concers so that decisions od right
and wrong may be made deliberately and conscientiously.

Because utilitarianism focuses on consequences, producing the greatest happiness for the greatest
number, as the sole criterion for determining ethical right and wrong, no action is ever right or wrong in
itself, in all cases, in every situation-even, perhaps, murder, rape, theft, deceit, and lying. -true

Which statement/s are characteristic of virtue ethics? -No correct answer

What are ethical theories? -Ethical theories are the rules and principles that determine right and wrong
for any given situation.

The more difficult the ethical choice we have to make, the more we need to avoid difficult people and
situations. -false