Question 1

How can the creation of a personal ethical system be of assistance in making decisions?

Accepted Answer

The answer of How can the creation of a personal...

Question 2

Legal compliance refers to conducting a business within the boundaries of all the legal regulations of that industry.

Accepted Answer

Legal compliance is ensuring that a business operates in accordance with all applicable laws, rules, and regulations, and therefore conducting a business within the boundaries of all the legal regulations of that industry is true.

Question 3

A common strategy for companies recovering from scandals is to replace the CEO with someone who is regarded as trustworthy and ethical by the public.

Accepted Answer

This statement is true. Companies often hope that a new CEO who is seen as trustworthy and ethical will improve the company's reputation and restore public trust.

Question 4

When enough people feel that a particular ethical standard is important,it eventually becomes law.

Accepted Answer

Ethical standards often reflect society's values and beliefs. As more people recognize the importance of a particular ethical standard, they may advocate for it to be codified into law. For example, the push for animal welfare laws in response to concerns about animal cruelty reflects a growing consensus among the public about the importance of treating animals humanely.

Question 5

A business can improve its culture of ethics by ensuring that a strict code of ethics and a meaningful and current mission statement is in place and that both are clearly communicated to employees when they start working at an organization.

Accepted Answer

A strict code of ethics and a meaningful mission statement can create a foundation for ethical behavior within an organization. Communicating these values to employees is key to creating a culture of ethics.

Question 6

At the Kaplan Thaler advertising agency,one of the firm's ethical principles is that their employees be empathetic.

Accepted Answer

According to Kaplan Thaler's website, one of their core values is empathy, stating that they "believe in putting ourselves in others' shoes to create work that truly impacts people's lives."

Question 7

What are some of the basic values of Judeo-Christian ethics,shared by both Jewish and Christian religious traditions?

Accepted Answer

The answer of What are some of the basic values...

Question 8

One example of a business opportunity created by a concern for ethics and human rights is a company that created a technology to access internet sites that have been censored by the Chinese government.

Accepted Answer

The business opportunity described in the statement shows a concern for ethics and human rights by allowing people in China to access information that has been censored by their government.

Question 9

The Bill and Melinda Gates Foundation work to upgrade public access to technology has had a positive impact on the public perception of Microsoft.

Accepted Answer

The Bill and Melinda Gates Foundation's work to upgrade public access to technology, although a separate entity from Microsoft, has increased the positive perception of the company by associating it with philanthropic efforts.

Question 10

It is ethically unadvisable to create a hotline for employees to anonymously report violations of the ethics code and make sure the allegations are followed up on.

Accepted Answer

Creating a hotline for employees to report violations of the ethics code anonymously is ethically advisable as it can prevent unethical behavior and promote a positive work culture. This can also ensure that the allegations are properly investigated and appropriate action is taken if required.

Question 11

Betty's son Bobby is suffering from a sore throat and a runny nose.However,Betty has an important presentation to make at work today.So Betty decides to send Bobby to school.How does this situation relate to the discussion of ethics?

Accepted Answer

The answer of Betty's son Bobby is suffering from a...

Question 12

The right to be heard is one of the four ethical standards made into a legal right by the 1962 Consumer Bill of Rights.

Accepted Answer

The right to be heard is one of the four ethical standards made into a legal right by the 1962 Consumer Bill of Rights, along with the right to safety, the right to be informed, and the right to choose.

Question 13

The world's largest commercial carpet manufacturer,Interface,demonstrates its commitment for "green" by having a mission statement that reads "Our promise is to eliminate any negative impact Interface has on the environment by 2020."

Accepted Answer

Interface's mission statement includes a commitment to eliminating any negative impact on the environment by 2020, which demonstrates their commitment to "green" practices.

Question 14

Describe the difference between unethical behavior and amoral behavior.

Accepted Answer

The answer of Describe the difference between unethical behavior and...

Question 15

Actions like purchasing energy from wind farms and choosing suppliers that are ecologically friendly to balance out the necessary carbon dioxide produced in other stages of manufacturing are examples of how socially responsible practices can threaten the profitability of a company.

Accepted Answer

Implementing socially responsible practices, such as purchasing energy from wind farms and choosing ecologically friendly suppliers, can actually enhance a company's profitability in the long term by improving brand image, customer loyalty, and operational efficiencies, and potentially reducing costs associated with energy and materials.

Question 16

What are some ethical issues involved in price fixing?

Accepted Answer

The answer of What are some ethical issues involved in...

Question 17

Sergeant Joseph Darby,who sent information to the U.S.Army Criminal Investigation Command that sparked an investigation that eventually revealed to the public the abuses at Abu Ghraib prison in Iraq,lives as a hero,celebrated for his good deeds and further contributing to the welfare of his community.

Accepted Answer

Sergeant Joseph Darby, who exposed the Abu Ghraib abuses, faced backlash and was considered a traitor by some in his hometown. His life was significantly impacted, and he had to live under protection due to threats.

Question 18

Intel consistently scores high as an industry leader in its commitment to strong CSR practices because it supports many charitable groups and is responsive to the needs of the communities where it has facilities.

Accepted Answer

The statement is true, as Intel's CSR practices include supporting charitable groups and being responsive to the communities where it operates.

Question 19

Low-level employees at companies that have ongoing ethics training programs learn how to decide whether to follow the advice of their leaders.

Accepted Answer

Ongoing ethics training programs teach employees how to identify and handle ethical dilemmas, which includes learning how to make decisions about whether to follow the advice of leaders.

Question 20

The Securities and Exchange Commission (SEC)makes sure that all investors have the same access to information about companies.

Accepted Answer

This is one of the primary roles of the SEC, to ensure that companies provide accurate and timely information to all investors so that everyone is on a level playing field.

Quiz 3: Ethics in Business