Question 1

Ethical behavior requires more than following the law.

Accepted Answer

Following the law is the minimum standard for ethical behavior, but being ethical also requires making decisions that are morally right and just, even if they are not legally required. Ethical behavior involves doing what is right, fair and just, especially in situations where there may not be clear legal guidelines or laws in place.

Question 2

People should look at each situation individually and decide for themselves if it is right or wrong.

Accepted Answer

False

Question 3

Jake and his college friends frequent a small pub on weekends.Last weekend,after a few beers,one of his friends decided to take the salt and pepper shakers from their table because they needed a set at their apartment.In this situation,this was not a particularly questionable activity because it was a restaurant where one pays for these extras.

Accepted Answer

Taking items from a restaurant without permission is considered stealing, even if one pays for the food. Therefore, the friend's action was questionable and not appropriate.

Question 4

A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical.

Accepted Answer

While legality and ethics are related, they are not the same thing. Focusing only on what is illegal can lead to unethical behavior being overlooked or even accepted, which can harm individuals and society as a whole. A holistically functioning and ethical society encourages the practices that may not be illegal but are vital for the moral development of a society.

Question 5

Making accounting records more transparent may help restore trust in the free-market system and leaders in general.

Accepted Answer

Transparency in accounting records can serve as a tool to increase trust between businesses and investors, and ultimately help restore faith in the free-market system and leaders in general. This is because transparent accounting practices can help prevent fraudulent activities, increase financial accountability, and provide accurate and timely financial information to stakeholders.

Question 6

Legal behavior is directly related to our relationships with others,while ethical behavior is not.

Accepted Answer

The statement is false. Both legal behavior and ethical behavior are directly related to our relationships with others. Legal behavior refers to behavior that is acceptable under the law, while ethical behavior refers to behavior that is morally right. Both types of behavior can impact our relationships with others and can affect the trust and respect that others have for us.

Question 7

Laws that protect us from fraud,theft and violence determine ethical behavior.

Accepted Answer

The answer of Laws that protect us from fraud,theft and...

Question 8

Legal behavior is a first step toward ethical behavior.

Accepted Answer

The answer of Legal behavior is a first step toward...

Question 9

Both managers and workers cite low managerial ethics as a major cause of American businesses' competitive woes.

Accepted Answer

Both managers and workers have recognized low managerial ethics as a significant factor in the competitive troubles of American businesses.

Question 10

Given the level of diversity within the United States,agreement on common standards of ethical behavior is unachievable.

Accepted Answer

While there may be some challenges to achieving agreement on common standards of ethical behavior, it is not impossible. Many organizations and professions have established codes of ethics that are widely accepted and followed, demonstrating that there is at least some degree of agreement on ethical standards. Additionally, there are overarching ethical principles, such as honesty, respect for others, and responsibility, that are commonly understood and valued across cultures and communities.

Question 11

People involved in business may be tempted to do something unethical in order to increase sales and profits,but rarely do because if they are caught,our legal system will deal harshly with them.

Accepted Answer

The answer of People involved in business may be tempted...

Question 12

Ethical behavior involves the clear and easy choice of right and wrong actions towards others.

Accepted Answer

Ethical behavior can involve complex thought and decision-making, weighing various values and considerations. It is not always clear or easy to know what the right or wrong course of action may be, particularly in challenging or novel situations.

Question 13

Ethical behavior refers to the standards that are accepted by society as right or wrong.

Accepted Answer

Ethical behavior is based on societal norms and values that are considered right or wrong. It is important to maintain ethical behavior in various areas such as business, healthcare, and education.

Question 14

An accurate statement regarding this chapter is: "Business law establishes ethical behavior."

Accepted Answer

While business law may have provisions and regulations related to ethical behavior, its main purpose is to establish legal standards and regulations for conducting business transactions and resolving disputes. Ethical behavior is a subjective concept that can vary based on individual and cultural beliefs, and it is primarily shaped by personal values and business ethics codes rather than the law.

Question 15

Ethical behavior focuses on treating others fairly.

Accepted Answer

Ethical behavior involves acting in a way that is fair, just, and respectful towards others. It involves adhering to moral and social principles and treating others with honesty, integrity, and fairness.

Question 16

Punishing business leaders who have broken the law may help restore trust in the free-market system and leaders in general.

Accepted Answer

Punishing business leaders who have broken the law can demonstrate that no one is above the law, and can serve as a deterrent to other potential wrongdoers. This can help rebuild trust in the free-market system and leaders in general by showing that there are consequences for unethical or illegal behavior.

Question 17

Making businesspeople more accountable for company actions may help restore trust in the free-market system and leaders in general.

Accepted Answer

Holding businesspeople accountable for company actions can increase transparency and ethical decision-making, which can improve public perception and trust in the free-market system and leaders. By being accountable for their actions, business leaders can demonstrate their commitment to responsible and sustainable practices, which can enhance their reputation and build trust with customers, employees, and stakeholders.

Question 18

The Enron scandal illustrates the difference between unethical behavior and illegal behavior.

Accepted Answer

The answer of The Enron scandal illustrates the difference between...

Question 19

Legal behavior and ethical behavior are basically the same.

Accepted Answer

Legal behavior refers to actions that are in line with laws and regulations, while ethical behavior involves actions that align with moral principles and values. While some actions may be legal but unethical, and some actions may be ethical but illegal, the two concepts are not the same.

Question 20

Moral behavior refers to behavior that is accepted by society as right versus wrong.

Accepted Answer

Moral behavior is shaped by societal norms and values and is perceived as appropriate or inappropriate by society. Therefore, it is considered as right or wrong based on societal standards.

Quiz 4: Demanding Ethical and Socially Responsible Behavior