Question 1

Which statement accurately describes the relationship between law and ethics?

Accepted Answer

The statement "Even though an action is legal, it may not be ethical" accurately describes the relationship between law and ethics. Just because an action is permitted by law, it doesn't necessarily mean that it is morally right or aligned with ethical principles. Ethics provides a framework for evaluating behavior beyond the legal requirements.

Question 2

Corporate governance is the sole responsibility of top management and the boards of directors in large corporations.

Accepted Answer

Corporate governance is the responsibility of all stakeholders involved in the management of a corporation, including shareholders, executives, employees, and the board of directors. It involves setting policies, making decisions, and ensuring accountability and transparency to promote the long-term success and sustainability of the company.

Question 3

The underlying beliefs and attitudes that help determine behaviour are referred to as

Accepted Answer

Values are the underlying beliefs and attitudes that guide an individual's behavior and decision-making. Personal standards and morals are related to values, but values are a broader concept that encompasses both. Ethics and social norms are external factors that can influence behavior but are not necessarily based on personal beliefs and attitudes.

Question 4

The utilitarian view of ethical behaviour is that which

Accepted Answer

The utilitarian view of ethical behaviour is based on the idea that the rightness of an action should be judged by the amount of happiness and well-being it creates for the greatest number of people. This aligns with the principle of providing the greatest good for the greatest number of people.

Question 5

The individualism view of ethical behaviour is that which

Accepted Answer

The individualism view of ethical behavior focuses on actions that advance the pursuit of long-term self-interests, emphasizing personal goals and benefits.

Question 6

When corporate boards of directors are weak or unethical,the U.S.government sometimes steps in to try to correct things for the future.

Accepted Answer

This statement is true. The U.S. government has intervened in cases where corporate boards of directors have been found to be weak or unethical, in order to implement changes and prevent similar situations in the future. Examples include the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Question 7

___ are preferences regarding the means for accomplishing desired ends.

Accepted Answer

Instrumental values are preferences regarding the means for accomplishing desired ends. Terminal values, on the other hand, are preferences regarding the desired end-states or outcomes. Ethical, utilitarian, and social values are different categories of values and do not specifically refer to preferences regarding the means for accomplishing desired ends.

Question 8

Courage,imagination,ambition,self-discipline,and honesty are examples of ___ that managers consider to be important.

Accepted Answer

These values are classified as instrumental values because they are means to achieve desired end states (terminal values), which may vary for different individuals and organizations. Instrumental values are desirable traits or qualities that individuals possess, whereas terminal values are end states or goals individuals strive to achieve.

Question 9

The Six Pillars of Character identified by the Josephson Institute of Ethics are

Accepted Answer

The Josephson Institute of Ethics identifies the Six Pillars of Character as trustworthiness, respect, fairness, responsibility, citizenship, and caring. These values are considered essential for ethical behavior and decision making. Therefore, option B is the correct answer.

Question 10

After completing an exercise in values,Denise found that she values: lasting friendship,self respect,knowledge,and wisdom.The values are examples of

Accepted Answer

The values listed by Denise are examples of terminal values, which are end goals or outcomes that individuals strive to achieve. Lasting friendship, self respect, knowledge, and wisdom all represent a desired end state or outcome, rather than a means to an end (which would be an instrumental value). Moral values might also apply, but with only the given information we cannot determine if these values relate to ethical or moral principles.

Question 11

Using results-oriented performance criteria to judge what is best for most people in a business organization is an application of which view of ethical behaviour?

Accepted Answer

Using results-oriented performance criteria to judge what is best for most people aligns with the utilitarian view of ethical behavior, where the focus is on maximizing the overall well-being and happiness of the majority.

Question 12

Most ethical problems in the workplace arise when people are asked to do or are about to do something that

Accepted Answer

While all the options can pose ethical dilemmas, violating personal beliefs can be the most difficult and deeply personal. It can be challenging for individuals to carry out tasks that go against their own values and beliefs, leading to moral distress and potential for long-term negative effects on individual well-being and job satisfaction.

Question 13

The concern that "a sexual harassment charge levied against a senior executive receive the same full hearing as one made against a first-level manager" is an example of the concept of ___ justice.

Accepted Answer

The answer of The concern that "a sexual harassment charge...

Question 14

The reality facing managers in contemporary organizations is that they are responsible for attaining high performance along with high ethical standards and social responsibility.

Accepted Answer

Contemporary organizations recognize the importance of balancing performance with ethical and social responsibilities, and managers are expected to navigate this complex landscape while achieving business objectives.

Question 15

In doing performance appraisals for all of her subordinates,a manager faithfully adheres to the company's established evaluation procedures for every employee.This manager is acting on the basis of

Accepted Answer

The answer of In doing performance appraisals for all of...

Question 16

The main emphasis of the individualism view of ethical behaviour is

Accepted Answer

The individualism view of ethical behaviour focuses on assessing the personal consequences of a decision, emphasizing the importance of individual rights and autonomy. It prioritizes personal values and goals, rather than the needs of society or other individuals. This aligns with choice A, which emphasizes the long-term personal consequences of a decision.

Question 17

The main emphasis of the moral-rights view of ethical behaviour is

Accepted Answer

The moral-rights view of ethical behaviour emphasizes the protection and respect of people's rights. This includes the right to privacy, freedom of speech, and equal treatment under the law. This view recognizes that people have inherent rights and dignity, and that these rights should be honored in any ethical decision-making process.

Question 18

___ are preferences regarding desired ends.

Accepted Answer

Terminal values are preferences regarding desired ends, whereas instrumental values are preferences regarding the means to achieve those ends. Ethical values are principles that determine what is right or wrong, while utilitarian values prioritize actions that result in the greatest overall benefit. Social values refer to the beliefs and attitudes that people hold regarding social issues and norms. Terminal values are the most appropriate choice because they directly relate to preferences regarding desired outcomes or results.

Question 19

Self-respect,freedom,happiness,inner harmony,and family security are examples of ___ that managers consider to be important.

Accepted Answer

Self-respect, freedom, happiness, inner harmony, and family security are all examples of terminal values, which are end goals or desired states of being. Moral values refer to principles of right and wrong, socialistic values relate to the sharing of resources and wealth, instrumental values are means to achieving end goals, and bureaucratic values relate to organizational procedures and rules.

Question 20

___ reflects)the code of moral principles that sets standards as to what is "good" versus "bad" or "right" versus "wrong" in people's conduct,and thereby guides their moral choices and behaviour.

Accepted Answer

Ethics reflect the code of moral principles that guide people's moral choices and behavior. Group norms are unwritten rules of behavior within a particular group or social setting. Legal behavior is behavior that conforms to the law, while civil law is a legal system that resolves disputes between individuals. Humanistic behavior is behavior that emphasizes the unique qualities and potential of individuals.

Quiz 4: Ethics, Social Responsibility and Sustainability