Question 1

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

Accepted Answer

Ethical behavior is also related to our relationships with others as it involves respecting others' rights and acting with integrity and fairness towards them.

Question 2

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

Accepted Answer

False

Question 3

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

Accepted Answer

Both managers and workers have pointed out that low managerial ethics have contributed significantly to the decline in competitiveness of American businesses.

Question 4

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 5

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

Accepted Answer

By increasing transparency in accounting records, stakeholders can better understand a company's financial position and make informed decisions. This promotes accountability and can increase trust in leaders and the free-market system.

Question 6

Legal behavior and ethical behavior are basically the same.

Accepted Answer

Legal behavior refers to actions that are in compliance with the law, while ethical behavior refers to actions that are in accordance with accepted moral principles. While there may be overlap between the two, they are not the same thing. It is possible for something to be legal but unethical, or for something to be ethical but illegal.

Question 7

Gary and his college friends often spend weekends hanging out at a small pub. Last weekend, after a few beers, one of his friends took the salt and pepper shakers from the table because they needed a set at their apartment. In this situation, this was not an unethical action because it was a restaurant and potential loss is figured into the prices.

Accepted Answer

Taking salt and pepper shakers from a restaurant without permission is considered stealing and therefore unethical. The fact that potential loss is factored into the prices does not justify taking items without paying for them.

Question 8

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

Accepted Answer

Business law sets legal standards and regulations for business operations, but it does not necessarily establish ethical behavior. Ethical behavior is a personal and organizational choice based on values and principles, which may or may not align with legal requirements. However, business law may prohibit certain behaviors that are commonly considered unethical, such as fraud, discrimination, or environmental harm.

Question 9

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

Accepted Answer

The answer of People should look at each situation individually...

Question 10

Legal behavior is a first step toward ethical behavior.

Accepted Answer

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

Question 11

Ethical behavior requires more than following the law.

Accepted Answer

Following the law is necessary, but ethical behavior goes beyond just complying with legal requirements. Ethical behavior involves morally sound decision-making that takes into account the impact on stakeholders and the greater good. In some cases, ethical behavior may even require going beyond legal requirements to do what is right.

Question 12

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

Accepted Answer

Moral behavior is determined by cultural and societal norms and values, and what is considered to be acceptable behavior can vary across different societies and time periods.

Question 13

Ethical behavior focuses on treating others fairly.

Accepted Answer

Ethical behavior involves treating others fairly, with honesty, respect, and integrity. It is the foundation of building trust and maintaining a positive reputation.

Question 14

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 shows that their actions are not tolerated and can deter others from engaging in similar unethical or illegal behavior, which in turn can help restore trust in the free-market system and leaders in general.

Question 15

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

Accepted Answer

Laws can only cover so much ground, and what is legal may not always align with what is ethical or moral. It is important for individuals to consider both the legal and ethical implications of their actions in order to maintain a healthy and just society.

Question 16

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

Accepted Answer

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

Question 17

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

Accepted Answer

Ethical behavior can often involve complex decisions and sometimes there may not be a clear right or wrong action. It involves considering different stakeholders and potential consequences, as well as following established ethical principles and values.

Question 18

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

Accepted Answer

By holding businesspeople accountable for company actions, it creates a sense of responsibility for their actions and decisions, which ultimately can restore trust in the free-market system and leaders in general.

Question 19

Ethical behavior refers to the standards that are accepted by society as true or false.

Accepted Answer

The answer of Ethical behavior refers to the standards that...

Question 20

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 disagreements on certain ethical issues, there are still common standards of ethical behavior that are widely accepted and recognized across different cultures and communities in the United States. For example, honesty, respect for others, and non-discrimination are generally accepted as ethical principles in most communities, regardless of diversity.

Quiz 4: Demanding Ethical and Socially Responsible Behavior