Question 1

The ethics scandal that has come to define modem business ethics is the Enron debacle.

Accepted Answer

The Enron scandal is often regarded as the benchmark for modern business ethics failures, as it resulted in the collapse of a major corporation and the conviction of several high-ranking executives for fraud and other crimes.

Question 2

The major questions related to the conventional approach to business ethics are "Whose norms do we use?" and
"\Vhat norms are prevailing?"

Accepted Answer

The statement accurately reflects the major questions related to the conventional approach to business ethics.

Question 3

The forces that most often come into conflict with ethics in a business setting are economic and social.

Accepted Answer

False

Question 4

The majority of Americans think that the need for ethics is about the same as it was fifty years ago.

Accepted Answer

Most surveys and studies indicate that Americans believe the need for ethics has increased due to more complex societal and technological challenges.

Question 5

Only about half of Americans say that they are worried about the moral compass in corporate America.

Accepted Answer

The answer of Only about half of Americans say that...

Question 6

Amoral management relies primarily on a compliance strategy that focuses on obedience to the law.

Accepted Answer

Amoral management only concerns itself with following the law and does not consider ethical principles or values.

Question 7

Virtually all companies that exhibit moral management have had that outlook since they were founded.

Accepted Answer

Many companies evolve their management practices over time, including adopting moral management principles in response to changing societal expectations, leadership changes, or as part of a strategic reorientation.

Question 8

A recent NBES survey indicated that ethical misconduct at work was up slightly.

Accepted Answer

The answer of A recent NBES survey indicated that ethical...

Question 9

Immoral management implies that decision makers know right from wrong,but choose to do wrong.

Accepted Answer

Immoral management refers to the conscious decision to act in a way that is perceived as wrong or immoral. This implies that decision makers have knowledge of what is right and wrong but choose to ignore those standards and act in an unethical manner.

Question 10

Descriptive ethics is concerned with studying and describing the morality of a particular group of people.

Accepted Answer

Descriptive ethics aims to describe and understand the moral beliefs and behaviors of individuals and groups, without making any judgments about whether these are right or wrong.

Question 11

Researchers have found that many business people go through life thinking that they are objective.

Accepted Answer

Studies have shown that many business people tend to overestimate their own objectivity and fall prey to various biases, such as confirmation bias, anchoring bias, and the halo effect, which can cloud their judgement and hinder their decision-making abilities.

Question 12

A December 2012 Gallop poll revealed that only 21% of the public thought that business executives had high or very high ethics.

Accepted Answer

The statement accurately reflects the findings of the December 2012 Gallop poll.

Question 13

Moral management stresses profitability over other stakeholder concerns.

Accepted Answer

Moral management emphasizes ethical and responsible decision-making that considers the interests of all stakeholders, including customers, employees, suppliers, communities, and the environment, rather than prioritizing profitability above all else.

Question 14

Ethical behavior is generally considered to be on a higher plane than legal behavior.

Accepted Answer

While legal behavior is important for maintaining order in society, it does not necessarily always align with ethical behavior. Ethical behavior encompasses doing what is morally right and just, even if it may not be required by law. Therefore, ethical behavior is considered to be on a higher plane than legal behavior.

Question 15

The public's view of business ethics has always been very high until the recent scandals.

Accepted Answer

The public's view of business ethics has not always been very high, and there have been scandals in the past that have brought attention to unethical practices in business.

Question 16

Public iuterest iu business ethics has heightened over each of the past three decades.

Accepted Answer

This statement is true. The public interest in business ethics has indeed increased over the past three decades, driven by high-profile scandals and unethical behavior by corporations. This has led to greater scrutiny and expectations for businesses to operate with transparency, accountability, and ethical principles.

Question 17

In making ethical judgments,it is usually easier to reach consensus on individual practical cases than it is to agree on broad principles.

Accepted Answer

The answer of In making ethical judgments,it is usually easier...

Question 18

The public's opinion of business ethics may be reported at two levels - a high level and a low level.

Accepted Answer

The answer of The public's opinion of business ethics may...

Question 19

Normative ethics depends on whether "everyone is doing it" to justify moral decisions and actions.

Accepted Answer

Normative ethics does not simply rely on popular opinion or what everyone is doing to determine moral decisions and actions. Normative ethics involves the study and development of moral principles and frameworks that can guide individuals to make moral decisions and actions based on ethical considerations, rather than simply following what everyone else is doing.

Question 20

The best reason to base one's ethics on societal norms is that the norms do not conflict;thus they provide clear
guidance to "right" and "wrong."

Accepted Answer

Societal norms can conflict and vary across different societies, making it difficult to provide universal guidance on what is "right" and "wrong." Additionally, societal norms can change over time, so relying solely on them for ethical guidance can lead to outdated and potentially harmful practices.

Quiz 7: Busi Ness Ethics Fundamentals