Question 1

A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is termed _____.

Accepted Answer

An ethical dilemma is a situation where there is no clear right or wrong decision, but rather a conflict between two or more ethical principles or values. In such situations, individuals or organizations may face a difficult choice between complying with one ethical principle or another, and there may be no easy solution that satisfies all stakeholders. It is important to carefully analyze the situation and consider the potential consequences of each option before making a decision.

Question 2

Over the last five decades, codes of ethics:

Accepted Answer

Over the last five decades, codes of ethics have been adopted by an increasing number of organizations who share them with all their stakeholders. This is because there has been a growing awareness of the importance of ethical behavior in business, and companies recognize that having a code of ethics can help build trust with stakeholders and make it clear what is expected of employees and managers. Therefore, option C is the best choice. Option A is incorrect because codes of ethics are more than cosmetic public relations documents. Option B is incorrect because the adoption of codes of ethics is increasing rather than decreasing. Option D is incorrect because codes of ethics do not relieve chief executive officers from the control mechanisms used by boards of directors.

Question 3

Over the last five decades, corporate ethics has moved from the domain of human resource departments into the _____.

Accepted Answer

Corporate ethics has shifted from being a concern solely of human resource departments to becoming an integral part of an organization's culture and norms, thus becoming mainstream within the organization. The legal department may play a role in enforcing ethical policies, but it is not primarily responsible for developing or implementing them. Finance and accounting departments are concerned with financial management and reporting and may play a role in ensuring ethical practices in these areas, but they are not solely responsible for overall corporate ethics. Talent management portfolios may include ethics training and development, but they are a subset of human resource departments and do not represent the broader mainstreaming of ethical practices throughout an organization.

Question 4

Which of the following is true of corporate ethics?

Accepted Answer

Corporate ethics has moved from being solely the responsibility of legal departments to being a part of the overall organizational culture and values. It is no longer simply a reactive compliance issue but is embedded in the strategic decision-making process of a company. This shift in perspective has led to greater accountability to stakeholders and a focus on performance measurement rather than just public relations. Therefore, option D is the correct answer.

Question 5

Over the last five decades, the issue of corporate social responsibility has advanced from an abstract debate to a core _____ issue with clearly established legal liabilities.

Accepted Answer

Corporate social responsibility has become a performance-assessment issue with established legal liabilities. This means that corporations are now being held accountable for their actions towards employees, customers, communities, and the environment. The focus is on how well they perform in terms of social responsibility, rather than just on profit or internal relations. Profit-minimization is not a relevant choice as it contradicts the goal of social responsibility.

Question 6

The _____ defines a code of ethics as a central guide to support day-to-day decision making at work.

Accepted Answer

The Ethics Resource Center (ERC) defines a code of ethics as a central guide to support day-to-day decision making at work. The Better Business Bureau (BBB) is an organization that focuses on marketplace trust and does not define codes of ethics. The Ethical Remuneration Community (ERC) and Research Ethics Board (REB) are not well-known organizations and do not define codes of ethics either.

Question 7

The _____ approach for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

Accepted Answer

The ends-based approach, also known as the utilitarian approach, focuses on the outcome or consequences of a decision. It considers which decision would provide the greatest good or benefit for the greatest number of people. This approach can be helpful in resolving ethical dilemmas where multiple options may have potential negative consequences, as it considers the overall impact of each option.

Question 8

When employees observe unethical behavior or are asked to do something that conflicts with their own personal values, one of the clichéd guidelines available to them is to _____.

Accepted Answer

Consulting the company code of ethics is the best choice available to employees when they observe unethical behavior or are asked to do something that conflicts with their own personal values. The code of ethics provides guidance on the expected behavior of employees and the values that the company values. By referring to the code of ethics, employees can make informed decisions and take appropriate actions that align with the company's values and their personal beliefs.

Question 9

Over the last five decades, codes of ethics have matured from cosmetic public relations documents into _____ documents.

Accepted Answer

Codes of ethics have evolved to become performance-measurement documents, reflecting an organization's commitment to ethical standards and guiding the behavior and decision-making of its members.

Question 10

The principle for resolving an ethical dilemma in which one considers the question of what would happen if everyone made the same decision as him or her is termed _____ principle.

Accepted Answer

The answer of The principle for resolving an ethical dilemma...

Question 11

As a message to an organization's stake­holders, _____ should represent a clear corporate commitment to the high­est standards of principled behavior.

Accepted Answer

A code of ethics is a written statement that sets out an organization's principles and guidelines for ethical behavior. It is an important message to stakeholders, as it represents a clear commitment to upholding ethical standards and conducting business with integrity. A charter of compassion is a similar concept, but may not encompass the specific ethical guidelines necessary for a corporate setting. Corporate governance and cuneiform law may involve aspects of ethical behavior, but are not specific enough to represent a clear commitment to ethical principles.

Question 12

The principle for resolving an ethical dilemma that considers "do unto others as you would have them do unto you" is the _____.

Accepted Answer

The principle for resolving an ethical dilemma that considers "do unto others as you would have them do unto you" is known as the Golden Rule. It encourages us to treat others the way we would like to be treated ourselves and is a widely accepted ethical principle. This principle helps in resolving ethical dilemmas by guiding us to act in a way that is fair, just, and respectful towards others.

Question 13

One of the changes that have occurred in a business environment over the last five decades is that _____.

Accepted Answer

Over the last five decades, there has been a significant shift in the business environment towards corporate social responsibility becoming an important issue for performance assessment. This shift signifies a move towards a more ethical and socially responsible approach to business. Therefore, option D is the correct choice. The other options are either incorrect or incomplete, as they do not accurately describe changes that have occurred in the business environment over the last five decades.

Question 14

The _____ of 2002 introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.

Accepted Answer

The Sarbanes-Oxley Act of 2002 (SOX) was passed in response to several high-profile corporate accounting scandals. It introduced stricter financial reporting requirements and increased accountability for CEOs and the boards of directors of publicly traded companies. The other options listed are not related to financial accountability or corporate governance.

Question 15

Resolution of an ethical dilemma can be achieved by first _____.

Accepted Answer

Recognizing the type of conflict one is dealing with is a crucial first step in resolving an ethical dilemma. This helps in understanding the moral principles at play and finding the best course of action. Selecting between conflicting values that are important to one's role and seeking help from an employer can also be helpful in resolving ethical dilemmas, but they are secondary to recognizing the type of conflict one is facing. Justifying unethical behavior is never an acceptable approach to resolving an ethical dilemma.

Question 16

In the context of the history of business ethics, identify a dramatic change that has taken place in the business environment over the past five decades.

Accepted Answer

The increased emphasis on employee voice reflects a significant shift in business ethics, highlighting a more open and responsive approach to addressing ethical concerns within organizations.

Question 17

How can companies discourage unethical behavior in their employees?

Accepted Answer

Regular audits and random spot checks help to deter employees from engaging in unethical behavior, as they will know that there is a chance that they will be caught. This can make them think twice before taking any actions that could harm the company or its stakeholders. Additionally, having a strong code of ethics and ensuring that all employees are aware of it can also discourage unethical behavior. Disciplining repeat offenders in private can be effective in certain situations, but it may not be enough to prevent unethical behavior from occurring in the first place. Giving the board of directors more power than the CEOs may not necessarily have an impact on unethical behavior among employees.

Question 18

Which of the following is true of the three principles for resolving an ethical dilemma?

Accepted Answer

The three principles for resolving an ethical dilemma (autonomy, beneficence, and justice) do not offer a perfect solution or resolution for every situation, as ethical dilemmas can be complex and multifaceted. However, they provide a framework for ethical decision making by guiding individuals to consider important ethical principles and values.

Question 19

The belief that an activity is safe because it will never be found out is a common rationalization behind an employee's unethical conduct. To deter unethical behavior based on this rationalization, a manager should _____.

Accepted Answer

Announcing the misconduct publicly will create a fear of getting caught among employees and deter them from engaging in unethical behavior based on the rationalization that they will never be found out. Protecting the identity of employees involved or letting go of first-time offenders will not address the issue of deterrence. Reprimanding an employee in public could lead to negative consequences, such as damaging their reputation and trust within the organization.

Question 20

One way through which companies reduce unethical behavior in their employees is by _____.

Accepted Answer

Creating and maintaining a corporate culture of trust can help reduce unethical behavior in employees. When employees feel that their company values honesty and integrity, they are more likely to behave ethically themselves. This can be achieved through clear communication of ethical expectations, providing training on ethics and compliance, and fostering a positive work environment where employees feel comfortable reporting any unethical behavior they observe. Disciplining unethical behavior in front of boards of directors and giving CEOs more power than their boards of directors may not necessarily reduce unethical behavior, and paying low attention to audits and spot checks can actually encourage unethical behavior.

Quiz 2: Defining Business Ethics

A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is termed _____.

Over the last five decades, codes of ethics:

Over the last five decades, corporate ethics has moved from the domain of human resource departments into the _____.

Which of the following is true of corporate ethics?

Over the last five decades, the issue of corporate social responsibility has advanced from an abstract debate to a core _____ issue with clearly established legal liabilities.

The _____ defines a code of ethics as a central guide to support day-to-day decision making at work.

The _____ approach for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

When employees observe unethical behavior or are asked to do something that conflicts with their own personal values, one of the clichéd guidelines available to them is to _____.

Over the last five decades, codes of ethics have matured from cosmetic public relations documents into _____ documents.

The principle for resolving an ethical dilemma in which one considers the question of what would happen if everyone made the same decision as him or her is termed _____ principle.

As a message to an organization's stakeholders, _____ should represent a clear corporate commitment to the highest standards of principled behavior.

The principle for resolving an ethical dilemma that considers "do unto others as you would have them do unto you" is the _____.

One of the changes that have occurred in a business environment over the last five decades is that _____.

The _____ of 2002 introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.

Resolution of an ethical dilemma can be achieved by first _____.

In the context of the history of business ethics, identify a dramatic change that has taken place in the business environment over the past five decades.

How can companies discourage unethical behavior in their employees?

Which of the following is true of the three principles for resolving an ethical dilemma?

The belief that an activity is safe because it will never be found out is a common rationalization behind an employee's unethical conduct. To deter unethical behavior based on this rationalization, a manager should _____.

One way through which companies reduce unethical behavior in their employees is by _____.

Quiz 2: Defining Business Ethics

A situation in which there is no obvious right or wrong decision, but rather a right or right answer, is termed _____.

Over the last five decades, codes of ethics:

Over the last five decades, corporate ethics has moved from the domain of human resource departments into the _____.

Which of the following is true of corporate ethics?

Over the last five decades, the issue of corporate social responsibility has advanced from an abstract debate to a core _____ issue with clearly established legal liabilities.

The _____ defines a code of ethics as a central guide to support day-to-day decision making at work.

The _____ approach for resolving an ethical dilemma considers which decision would provide the greatest good for the greatest number of people.

When employees observe unethical behavior or are asked to do something that conflicts with their own personal values, one of the clichéd guidelines available to them is to _____.

Over the last five decades, codes of ethics have matured from cosmetic public relations documents into _____ documents.

The principle for resolving an ethical dilemma in which one considers the question of what would happen if everyone made the same decision as him or her is termed _____ principle.

As a message to an organization's stake­holders, _____ should represent a clear corporate commitment to the high­est standards of principled behavior.

The principle for resolving an ethical dilemma that considers "do unto others as you would have them do unto you" is the _____.

One of the changes that have occurred in a business environment over the last five decades is that _____.

The _____ of 2002 introduced greater accountability for chief executive officers and boards of directors in signing off on the financial performance records of the organizations they represent.

Resolution of an ethical dilemma can be achieved by first _____.

In the context of the history of business ethics, identify a dramatic change that has taken place in the business environment over the past five decades.

How can companies discourage unethical behavior in their employees?

Which of the following is true of the three principles for resolving an ethical dilemma?

The belief that an activity is safe because it will never be found out is a common rationalization behind an employee's unethical conduct. To deter unethical behavior based on this rationalization, a manager should _____.

One way through which companies reduce unethical behavior in their employees is by _____.

As a message to an organization's stakeholders, _____ should represent a clear corporate commitment to the highest standards of principled behavior.