Question 1

In making business decisions, Glenda, personnel manager for HVAC Maintenance, Inc., applies her belief that all persons have fundamental rights.This is

Accepted Answer

Glenda is applying the principle of rights, which holds that individuals have certain fundamental rights that should be protected and respected in all decision-making processes. This principle is often used in ethics and human rights discussions, and focuses on the inherent value and dignity of each person. It is not a religious rule, a version of utilitarianism (which tends to focus on maximizing overall happiness or benefit), or the categorical imperative (which is a philosophical concept related to duty and ethical behavior).

Question 2

Julia, the head executive of Fine Woolen Sweaters, Inc., is a committed Christian who strongly adheres to the Ten Commandments.One of Julia's employees is found to be stealing sweaters and giving them to a local homeless shelter.Julia is likely to

Accepted Answer

The answer of Julia, the head executive of Fine Woolen...

Question 3

According to the view that New Allied Manufacturing Corporation is a "citizen," New Allied is expected to

Accepted Answer

The view that New Allied Manufacturing Corporation is a "citizen" implies that it has a responsibility to participate in bettering communities and society, in addition to generating revenue for its owners. This view is consistent with the concept of corporate social responsibility.

Question 4

Ryan, the owner of SuperMart Stores, Inc., adheres to the "principle of rights" theory.Under this theory, a key factor in determining whether a business decision is ethical is how that decision affects

Accepted Answer

According to the "principle of rights" theory, the key factor in determining whether a business decision is ethical is how that decision affects the rights of others. Therefore, B is the correct answer. A, C, and D are not directly related to this theory.

Question 5

Eden, the chief executive officer of Flo-Thru Piping Corporation, wants to en-sure that Flo-Thru's activities are legal and ethical.The best course for Eden and Flo-Thru is to act in

Accepted Answer

Acting in good faith means that Eden and Flo-Thru will make decisions and conduct business that is not only legal, but also ethical and morally responsible. This approach ensures that the interests of all stakeholders, including customers, employees, and shareholders, are considered and protected. Ignorance of the law is not a viable option and can lead to legal and financial consequences. Focusing only on the firm's shareholders or their own self-interest can lead to unethical practices that can damage the reputation and sustainability of the company in the long run.

Question 6

Lyle, vice-president of sales for Mi-T Electric, Inc., adheres to Judeo-Christian re-lig-ious ethical standards.With respect to their application, these standards are

Accepted Answer

The Judeo-Christian ethical standards are generally considered to be absolute, meaning they are based on unchanging moral principles and do not vary based on the situation or context. Therefore, Lyle's adherence to these standards would likely lead to a consistent and unwavering approach to ethical decision-making, rather than one that is influenced by analysis, discretion, or utilitarian considerations.

Question 7

PriceLess Retail Corporation specifies that its employees should not use social media to damage the company, harm another person's reputation, or violate company policies.An employee who violates these rules may be subject to discipline and could be fired.According to the National Labor Relations Board, this social media policy

Accepted Answer

The National Labor Relations Board has ruled that employees have the right to discuss their working conditions and terms of employment on social media, even if it means being critical of their employer. Therefore, a policy that prohibits such discussions could be seen as violating federal labor law, which protects employees' rights to engage in collective action related to their work.

Question 8

Peak & Vale Accountants provides other firms with accounting services.Questions of what is ethical involve the extent to which Peak & Vale has

Accepted Answer

As an accounting firm providing services to other firms, Peak & Vale has a responsibility to act ethically beyond what is legally required. While they must adhere to laws and regulations, they also have a moral obligation to act in the best interests of their clients and maintain their integrity as a professional service provider.

Question 9

In business deals, Fiona, the chief executive officer of Snacks n' Bites, Inc., follows duty-based ethical standards.These are most likely derived from

Accepted Answer

The answer of In business deals, Fiona, the chief executive...

Question 10

Carrie Ann works at Paper Products, Inc.She considers taking home a few sheets of stationery so she can write letters to her ailing grandmother.Since Paper Products produces thousands of sheets of stationery every day no one will miss the few sheets she takes and company profits will not be affected.Carrie Ann then considers what would happen if every employee took some stationery home and decides not to take any.Carrie Ann is being influenced by

Accepted Answer

Carrie Ann is considering the impact of her actions if it were to become a universal law. This is in line with Immanuel Kant's categorical imperative, which states that one should act as if their actions could become a universal law. Carrie Ann is considering the ethical implications of her actions and determines that it would be unethical for everyone to take home stationery, so she decides not to take any herself.

Question 11

Bob, research manager for CornAgri Products, Inc., applies utilitarian ethics to determine that an action is morally correct when it produces the greatest good for

Accepted Answer

Utilitarian ethics focuses on maximizing the greatest good for the greatest number of people. Therefore, Bob's decision-making should prioritize the well-being of the most people, rather than himself or a select group.

Question 12

Destiny and Eduardo, investors in Competitive Acquisitions Corporation, are dissatisfied with the profit-maximization theory of corporate objectives.These investors and others who look beyond profits and dividends may consider the triple bottom line, which does not include a corporation's

Accepted Answer

The triple bottom line includes the impact a corporation has on people, the planet, and profits. Congressional lobbying activities are not explicitly included in the triple bottom line framework.

Question 13

In making decisions for Smartt Investments, Rita uses a cost-benefit analysis.This is a part of

Accepted Answer

A cost-benefit analysis is a key feature of utilitarian ethics, which seeks to maximize overall happiness or utility by weighing the costs and benefits of different actions. By using a cost-benefit analysis, Rita is trying to determine which decision will bring the greatest overall benefit to Smartt Investments, and this approach is most closely associated with utilitarian ethics.

Question 14

David, the chief accounting officer of Tension Fencing Corporation, wants to be sure that all the company's accounts are legal and ethical.Sometimes, however, he is unsure exactly what is legal and what is illegal.David should

Accepted Answer

David has a responsibility as the chief accounting officer to ensure that the company's accounts are legal and ethical. It is important for him to try his best to not do anything illegal and keep documentation showing that he always acts in good faith. This will protect him and the company in case of any legal issues. Ignoring the legal and ethical requirements can cause harm to the company and the stakeholders in the long run.

Question 15

With respect to the potential for Great American Discount Stores, Inc., and any other major corporation to suffer damage to its reputation or loss of profits through negative publicity, the Internet has

Accepted Answer

The Internet has increased the potential for major corporations, including Great American Discount Stores, Inc., to suffer damage to its reputation or loss of profits through negative publicity. The vast reach of the Internet means that negative information or opinions can quickly spread and reach a wide audience, making it more challenging for companies to control their message and protect their brand. This is particularly true in the era of social media, where negative comments or reviews can go viral and have a significant impact on a company's reputation.

Question 16

In deciding questions of corporate social responsibility, Valley Disposal & Recycling, Inc., is concerned with

Accepted Answer

Valley Disposal & Recycling, Inc. should consider all of the choices in deciding questions of corporate social responsibility. They should assess how they can best fulfill any ethical duty to society, as well as the effect on corporate profits of ignoring any ethical duty to society. Additionally, they should determine whether the corporation owes any ethical duty to society. Ultimately, a comprehensive analysis of these factors will help Valley Disposal & Recycling, Inc. make informed decisions about their corporate social responsibility.

Question 17

MeatMen, Inc.spends a great deal of money and effort to ensure that all employees are safe on the job, that all products are safe for consumers, and that the environmental impact of the corporation is minimal.MeatMen appears to strongly believe in the concept of

Accepted Answer

The fact that MeatMen, Inc. is concerned about employee safety, consumer safety, and environmental impact suggests that the corporation believes in a broader responsibility beyond just making profits. This aligns with the concept of corporate social responsibility, which encourages companies to take into consideration their impact on society and the environment in addition to their financial performance.

Question 18

Ridgeline Excavation & Construction, LLC, creates an internal code of ethics.Like the codes of other firms, Ridgeline's company code is not

Accepted Answer

The answer of Ridgeline Excavation & Construction, LLC, creates an...

Question 19

Hailey, a lawyer on the staff of International Group, always considers the consequences of an action rather than the nature of the action itself when making ethical decisions in a business context.Hailey is applying

Accepted Answer

Hailey's approach to ethical decision-making, which weighs the consequences of an action rather than the inherent nature of the action, aligns with the utilitarian theory of ethics. Utilitarianism holds that the morally right action is the one that maximizes overall happiness or pleasure and minimizes overall pain or suffering. By considering the consequences of her actions, Hailey is attempting to make choices that will bring about the greatest good for the greatest number of people, which is a central tenet of utilitarianism.

Question 20

In studying the legal environment of business, Professor Dooley's students also review ethics in a business context.Ethics includes the study of what constitutes

Accepted Answer

Ethics deals with moral principles and values that determine what is right and wrong behavior. While legal behavior is important, it does not necessarily mean that it is ethical, as some actions may be legal but still considered unethical. Financially rewarding behavior and religious behavior are not necessarily related to ethics in a business context. Thus, fair or just behavior is the most appropriate choice.

Quiz 2: Business Ethics