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Test Bank for Business Ethics Decision Making for Personal Integrity and Social Responsibility 3rd Edition by Hartan !oplete do"nloadable file at# https://testbanku.eu/Test-Bank-for-Business-Ethics-Decision-Making-for-PersonalIntegrity-and-Social-esponsibility-!rd-Edition-by-"art#an True/%alse &uestions
1. Ethical decision making in business is limited to major corporate decisions with dramatic social consequences. Answer: False Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: 0 Feedback: Ethical decision making in business is not at all limited to the tpe of major corporate decisions with dramatic social consequences. At some point e#er worker and certainl e#erone in a management role will be faced with an issue that will require ethical decision making. 2. 'n business e#er decision can be co#ered b economic legal or compan rules and regulations. Answer: False Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: 0 Feedback: At some point e#er worker and certainl e#erone in a managerial role will be faced with an issue that will require ethical decision making. 3ot e#er decision can be co#ered b economic legal or compan rules and regulations. 4. &he direct costs of unethical business business practice are more #isible #isible toda than the ha#e e#er been before. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: 5 Feedback: &he direct costs of unethical business practice are more #isible toda than perhaps the ha#e e#er been before. &he first decade of the new millennium has been riddled with
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highl publici9ed corporate scandals the effects of which d id not escape people of an social or income class. 0. 'n a general sense a business stakeholder is one who has made substantial financial in#estments in the business. Answer: False Difficult: (edium !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: ; Feedback: 'n a general sense a business stakeholder will be anone who affects or is affected b decisions made within the firm for better or worse. 5. A firm+ firm+ss ethical reputation can pro#ide a competiti#e ad#antage in the marketplace with customers suppliers and emploees. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: < Feedback: A firm+ firm+ss ethical reputation can ca n pro#ide a competiti#e edge in the marketplace with customers suppliers and emploees. =. &he 7rason%8imes a for erformance Act was passed to amend the e,ecuti#e compensation pro#isions of the Emergenc Economic tabili9ation Act of 2$$<. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: 1$ Feedback: &he 7rason%8imes a for erformance Act was passed >to amend the e,ecuti#e compensation pro#isions of the Emergenc Economic tabili9ation Act of 2$$< to prohibit unreasonable and e,cessi#e compensation and compensation not based on performance standards.? ;. Ethics refers to how human beings should properl li#e their li#es. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$2 &opic: *usiness Ethics as Ethical Decision (aking *loom+s &a,onom: -emember
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AA)*: Ethics age: 11 Feedback: Ethics refers not onl to an academic discipline but to that arena of human life studied b this academic discipline namel how human beings should properl li#e their li#es. <. Ethical business leadership is the skill to create circumstances in which bad people are taught to do good. Answer: False Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 12 Feedback: Ethical business leadership is the skill to create the circumstances in which good people are able to do good and bad people are p re#ented from doing bad. @. 3orms appeal to certain #alues that would be promoted or attained b acting in a certain wa. Answer: &rue Difficult: (edium !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Analtic age: 1; Feedback: 3orms establish the guidelines or standards for determining what we should do how we should act what tpe of person we should be. Another wa of e,pressing this point is to sa that norms appeal to certain #alues that would be promoted or attained b acting in a certain wa. 1$. &echnicall &echnicall speaking #alues are not necessaril positi#e or ethical in nature. Answer: &rue Difficult: (edium !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 1< Feedback: 'n general #alues are those beliefs that incline us to act or to choose one wa rather than another. "ne important implication of this guidance of course is that an indi#idual+s indi#idual+s or a corporation+s corporation+s set of #alues ma lead to either ethical or unethical result. 11. Ethical #alues are personal codes of ethics that ensure that indi#iduall indi#iduall a person meets his or her standards of well%being.
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Answer: False Difficult: (edium !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 1< Feedback: 't is important to know two elements of ethical #alues. First ethical #alues ser#e the ends of human well%being. econd the well%being promoted b ethical #alues is not a personal and selfish well%being. &hus ethical #alues are those beliefs beliefs and principles that impartiall promote human well%being. 12. &he well%being promoted b ethical #alues is not a personal and selfish well%being. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 1< Feedback: 't is important to know two elements of ethical #alues. First ethical #alues ser#e the ends of human well%being. econd the well%being promoted b ethical #alues is not a personal and selfish well%being. &hus ethical #alues are those beliefs beliefs and principles that impartiall promote human well%being. 14. ocieties that #alue indi#idual freedom will be reluctant to legall require acts of charit personal integrit integrit and common decenc. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Ethics age: 21 Feedback: ocieties that #alue indi#idual freedom will be reluctant to legall require more than just an ethical minimum. uch liberal societies will seek legall to prohibit the most serious ethical harms but the will not legall require acts o f charit charit common decenc and personal integrit that ma otherwise comprise the social fabric fabric of a de#eloped culture. 10. 'n ci#il law there is no room for ambiguit in appling the law because much of the law is established b past precedent. Answer: False Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember
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AA)*: Ethics age: 24 Feedback: 'n ci#il law Bas opposed to criminal lawC where much of the law is established b past precedent there is alwas room for ambiguit in appling the law. law. 15. Ethical theories are patterns of thinking or methodologies to help us decide what to do. Answer: &rue Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 2= Feedback: Ethical theories are patterns of thinking or methodologies to help us decide what to do.
Multiple 'hoice &uestions
1=. hich of the following statements is true about ethical decision making in business a. Ethical decision making is not limited to the tpe of major corporate decisions with dramatic social consequences. b. E#er emploee does not face an issue that requires ethical decision making. c. All ethical decisions can be co#ered b economic legal or compan rules and regulations. d. Ethical decision making should not rel on the personal #alues and principles of the indi#iduals in#ol#ed. Answer: a Difficult: (edium !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 0 Feedback: Ethical decision making in business is not at all limited to the tpe of major corporate decisions with dramatic social consequences. 1;. hich of the following statements is true about ethical decision making in business a. Ethical decision making is limited to the tpe of major corporate decisions with social consequences. b. At some some point e#er worker will be faced with an issue that will require ethical decision decision making. c. All ethical decisions can be co#ered b economic legal or compan rules and regulations. d. Ethical decision making should not rel on the personal #alues and principles of the indi#iduals in#ol#ed. Answer: b Difficult: (edium
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!earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 0 Feedback: At some point e#er worker and certainl e#erone in a management role will be faced with an issue that will require ethical decision making. 1<. hich of the following statements is true about ethical decision making in business a. Ethical decision making is limited to the tpe of major corporate decisions with social consequences. b. E#er emploee does not face an issue that requires ethical decision making. c. All ethical decisions can be co#ered b economic legal or compan rules and regulations. d. Ethical decision making should rel on the personal #alues and principles of the indi#iduals in#ol#ed. Answer: d Difficult: (edium !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 0 Feedback: Ethical decision making must rel on o n the personal #alues and principles p rinciples of the indi#iduals in#ol#ed. 1@. 'n a general sense a business is anone who affects or is affected b decisions made within the firm for better or worse. a. nominee b. stakeholder c. stockholder d. watchdog Answer: b Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Analtic age: ; Feedback: 'n a general sense a business stakeholder will be anone who affects or is affected b decisions made within the firm for better or worse. 2$. hich of the following best describes a business stakeholder a. "nl the minorit shareholders in a business entit b. "nl those who ha#e acquired significant shares in a firm c. Anone who audits a firm d. Anone who affects or is affected b decisions made within a firm
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Answer: d Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Analtic age: ; Feedback: 'n a general sense a business stakeholder will be anone who affects or is affected b decisions made within the firm for better or worse. 21. 'dentif the bill that was passed in April 2$$@ to amend the e,ecuti#e compensation pro#isions of the Emergenc Economic tabili9ation Act of 2$$< to prohibit unreasonable and e,cessi#e compensation and compensation not based on performance standards. a. 7rammG-udmanG8ollings erformance and -esults Act b. Emploee a )omparabilit Act c. 7rason%8imes a for erformance Act d. tatutor a%As%H a%As%Hou%7o ou%7o Act Answer: c Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Analtic age: 1$ Feedback: &he 7rason%8imes a for erformance Act was passed in April 2$$@ >to amend the e,ecuti#e compensation pro#isions of the Emergenc Economic tabili9ation Act of 2$$< to prohibit unreasonable and e,cessi#e compensation and compensation not based on performance standards.? &his bill would ban future >unreasonable and e,cessi#e? compensation at companies recei#ing federal bailout mone. mone. 22. hich of the following is the objecti#e of the 7rason%8imes a for erformance Act a. &o ban future >unreasonable and e,cessi#e? compensation at companies recei#ing federal bailout mone b. &o &o set up the ublic )ompan Accounting "#ersight *oard in the wake of accounting scandals that rocked the pri#ate sector c. &o &o outlaw the practice of backdating ba ckdating of stock options awarded to senior management d. &o &o set upper limits on e,ecuti#e pa based on a#erage emploee salar in all pri#ate sector organi9ations Answer: a Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Analtic age: 1$ Feedback: &he 7rason%8imes a for erformance Act was passed in April 2$$@ >to amend
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the e,ecuti#e compensation pro#isions of the Emergenc Economic tabili9ation Act of 2$$< to prohibit unreasonable and e,cessi#e compensation and compensation not based on performance standards.? &his bill would ban future >unreasonable and e,cessi#e? compensation at companies recei#ing federal bailout mone. mone. 24. hich of the following best describes ethics a. An academic discipline which originated in the earl 1@$$s b. A descripti#e approach that pro#ides an account of how and wh people do act the wa the do c. &he stud of how human beings should properl li#e their li#es d. A descripti#e descripti#e approach such as pscholog and sociolog Answer: c Difficult: Eas !earning "bjecti#e: $1%$2 &opic: *usiness Ethics as Ethical Decision making *loom+s &a,onom: -emember AA)*: Analtic age: 11 Feedback: Ethics refers not onl to an academic discipline but to that arena of human life studied b this academic discipline namel how human beings should properl li#e their li#es. 20. hich of the following is an approach ad#ocated while teaching ethics a. &eachers &eachers should teach ethical dogma do gma to a passi#e audience. b. &eachers &eachers should consider acceptance of customar norms as an adequate ethical perspecti#e. c. &eachers should understand that their role is onl to tell the right answers to their students. d. &eachers &eachers should challenge students to think for themsel#es. Answer: d Difficult: (edium !earning "bjecti#e: $1%$2 &opic: *usiness Ethics as Ethical Decision making *loom+s &a,onom: -emember AA)*: Ethics age: 12 Feedback: &he teacher+s role should not be to preach ethical dogma to a passi#e audience but instead to treat students as acti#e learners and to engage them in an acti#e process of thinking questioning and deliberating. &eaching ethics must challenge students to think for themsel#es. 25. hilosophers often emphasi9e that ethics is which means that it deals with a person+s person+s reasoning about how he or she should act. a. normati#e b. descripti#e c. stipulati#e d. persuasi#e
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Answer: a Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: hilosophers often emphasi9e that ethics is normati#e which means that it deals with our reasoning about how we should act. 2=. hich of the following obser#ations is true of ethics a. 't is descripti#e in nature. b. 't deals with our reasoning about how we should act. c. 't pro#ides an account of how and wh people act the wa the do. d. 't is equi#alent to law%abiding beha#ior. Answer: b Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: hilosophers often emphasi9e that ethics is normati#e which means that it deals with our reasoning about how we should act. As a normati#e discipline ethics seeks an account of how and wh people should act a certain wa rather than how the do act. 2;. !ike ethics social sciences such as pscholog and sociolog also e,amine human decision making and actions. 8owe#er these fields differ from ethics because the are . a. normati#e in nature b. descripti#e in nature c. persuasi#e in nature d. stipulati#e in nature Answer: b Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: ocial sciences such as pscholog and sociolog also e,amine human decision making and actions but these sciences are descripti#e rather than normati#e. 2<. Ethics seeks an account of how and wh people pe ople should act a certain wa rather than how the do act. &his nature of ethics makes it aBnC discipline. a. descripti#e b. supererogator
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c. normati#e d. stipulati#e Answer: c Difficult: (edium !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 10 Feedback: As a normati#e discipline ethics seeks an account of how and wh people should act a certain wa rather than how the do act. 2@. As a discipline ethics seeks an account of how and wh people should act a certain wa. a. descripti#e b. supererogator c. normati#e d. stipulati#e Answer: c Difficult: (edium !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: As a normati#e discipline ethics seeks an account of how and wh people should act a certain wa rather than how the do act. 4$. &he discipline pro#ides an account of how and wh people do act the wa the do. a. descripti#e b. supererogator c. normati#e d. stipulati#e Answer: a Difficult: (edium !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: ocial sciences such as pscholog and sociolog also e,amine human decision making and actions but these sciences are descripti#e rather than normati#e. hen we sa that the are descripti#e we refer to the fact that the pro#ide an account of how and wh people do act the wa the doIthe describe. 41. 'ndi#idual codes of conduct condu ct based on one+s #alue structures regarding how one should
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li#e how one should act what one should do what kind of a person should one be etc. is sometimes referred to as . a. moralit b. independence c. leadership d. rationalit Answer: a Difficult: (edium !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 10 Feedback: 8ow should we li#e &his fundamental question of ethics can be interpreted in two was. >e? >e? can mean each one on e of us indi#iduall or it might mean all of us collecti#el. 'n the first sense this is a question about how ' should li#e m life how ' should act what ' should do and what k ind of person ' should be. &his meaning of ethics is based on our #alue structures defined b our moral sstems and therefore it is sometimes referred to as moralit. 42. (oralit is the aspect of ethics that we can refer to b the phrase ph rase >.? a. personal freedom b. indi#idual rationalit c. personal integrit d. persuasi#e rationalit Answer: c Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10 Feedback: (oralit is the aspect of ethics that we refer to b the phrase >personal integrit.? 44. is that aspect of ethics that is referred to b the phrase >personal integrit.? integrit.? a. Jalues b. (oralit c. ocial ethics d. 3orms Answer: b Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 10
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Feedback: (oralit is the aspect of ethics that we refer to b the phrase >personal integrit.? 40. hich of the following raises questions about justice law ci#ic #irtues and political philosoph a. tipulati#e ethics b. (oralit c. Descripti#e discipline d. ocial ethics Answer: d Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Analtic age: 15 Feedback: ocial ethics raises questions of justice public polic polic law ci#ic #irtues organi9ational structure and political philosoph. 45. &he aspect of business ethics that e,amines business institutions from a social rather than an indi#idual perspecti#e is referred to as: a. decision making for social responsibilit. responsibilit. b. corporate cultural responsibilit. responsibilit. c. institutionali9ed ethical responsibilit. responsibilit. d. institutional moralit. moralit. Answer: a Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 15 Feedback: *usiness ethics is concerned with how business institutions ought to be structured about whether the ha#e a responsibilit to the greater societ Bcorporate social responsibilit or )-C and about making decisions that will impact man people other than the indi#idual decision maker. &his aspect of business ethics asks pe ople to e,amine business institutions from a social rather than from an indi#idual perspecti#e. &his broader social aspect of ethics is referred to as decision making for social responsibilit. 4=. establish the guidelines or standards for determining what one should do ho w one should act what tpe of person one should be. a. -oles b. Attitudes c. 3orms d. !aws Answer: c Difficult: Eas
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!earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Analtic age: 1; Feedback: 3orms establish the guidelines or standards for determining what w e should do how we should act what tpe of person we should be. 4;. 3orms: a. are the underling beliefs that cause people to act or to decide one wa rather than another. b. are standards of appropriate and proper beha#ior. beha#ior. c. are referred to b the phrase >personal integrit.? d. do not presuppose an underling #alues. Answer: b Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Analtic age: 1; Feedback: &o sa that ethics is a normati#e discipline is to sa that it deals with norms: those standards of appropriate and proper Bor >normal?C beh a#ior. a#ior. 3orms establish the guidelines or standards for determining what we should do how we should act what tpe of person we should be. 4<. &he cru, of normati#e no rmati#e ethics is that these disciplines: a. presuppose some underling #alues. b. describe what people do. c. should alwas in#ol#e the stud or discipline of ethics. d. branch awa from social ethics to personal ethics. Answer: a Difficult: (edium !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Analtic age: 1; Feedback: 3ormati#e disciplines presuppose some underling #alues. 4@. hich of the following are underling u nderling beliefs that cause us to act or to decide one wa rather than another a. atterns b. )odes c. ets d. Jalues Answer: d
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Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 1; Feedback: e e can think of #alues as the underling beliefs that cause us to act or to decide one wa rather than another. 0$. hich of the following is true about abou t #alues a. Jalues Jalues are the highest standards of appropriate and an d proper beha#ior. b. )orporate scandals pro#e the fact that indi#iduals ha#e personal #alues but institutions lack #alues. c. Jalues Jalues cannot lead to unethical results. d. Jalues Jalues are underling beliefs that cause us to act or to decide in a certain wa. Answer: d Difficult: (edium !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 1; Feedback: e e can think of #alues as the underling beliefs that cause us to act or to decide one wa rather than another. 01. hich of the following are beliefs and principles that pro#ide the ultimate guide to a compan+s decision making a. (ission statement b. )ore #alues c. 8istorical milestones d. Jision statement Answer: b Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 1< Feedback: A compan+s compan+s core #alues are those beliefs and principles that pro#ide the ultimate guide to its decision making. 02. hich of the following best describe the norms that guide emploees implicitl more often than not to beha#e in was that the firm #alues and finds worth a. "rgani9ational culture b. 7o#ernment+s 7o#ernment+s financial regulations c. 'ndustrial norms
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d. !egal statutes Answer: a Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 1< Feedback: &alk &alk of a corporation+s >culture? is a wa of saing that a corporation has a set of identifiable #alues that establish the e,pectations for what is >normal? within that firm. &hese norms guide emploees implicitl more often than not to beha#e in was that the firm #alues and finds worth. worth. 04. Ethics requires that the promotion of human welfare be done: a. based on the personal opinions of the decision maker. b. based on the le#el of need of the beneficiaries. c. understanding the religious beliefs of the beneficiar be neficiar.. d. in a manner that is acceptable and reasonable from all rele#ant points of #iew. Answer: d Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 1< Feedback: From the perspecti#e of ethics no one person+s welfare is more worth than an other+s. Ethical acts and choices should be acceptable and reasonable from all rele#ant points of #iew. 00. Dramatic e,amples from histor histor including 3a9i 7erman and apartheid ap artheid in outh Africa demonstrate that: a. societies #aluing freedom welcome laws that require more than the ethical minimum. b. ethical responsibilities gi#e rise to more and more regulations. regulations. c. obedience to law is sufficient to fulfill one+s ethical duties. d. one+s ethical responsibilit ma run counter to the law. Answer: d Difficult: (edium !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 1@ Feedback: 8olding that obedience to the law is sufficient to fulfill one+s ethical duties begs the question of whether wh ether the law itself is ethical. Dramatic e,amples from histor histor including 3a9i 7erman and apartheid in outh Africa Africa demonstrate that one+s ethical ethical responsibilit ma run counter to the law.
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05. &elling &elling organi9ations that their ethical responsibilities end with obedience to the law: a. is just in#iting more legal regulation. b. is enough to maintain an ethical business en#ironment. c. reduces the frequenc of corporate scandals. d. eliminates ambiguit while making personal ethics%related decisions. Answer: a Difficult: 8ard !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 21 Feedback: &elling &elling business that its ethical responsibilities end with obedience to the law is just in#iting more legal regulation. 0=. &he failure of personal ethics among companies like Enron and orld)om orld)om led to the creation of the: a. *rooks Act. b. 7ramm%!each%*lile Act. c. )lingerG)ohen Act. d. arbanesG",le Act. Answer: d Difficult: Eas !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Ethics age: 21 Feedback: 't was the failure of personal ethics among companies such as Enron and orld)om that led to the creation of the arbanes%",le Act and man other legal reforms. 0;. hich of the following obser#ations is true a. "bedience to the law is sufficient to fulfill one+s one+s ethical duties. b. &he law is #er effecti#e effecti#e at promoting >goods.? c. &he law cannot anticipate e#er new dilemma that businesses might face. d. An indi#idual+s indi#idual+s ethical responsibilit can ne#er run counter coun ter to the law. Answer: c Difficult: (edium !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 21 Feedback: &he law cannot canno t possibl anticipate e#er new dilemma that businesses might face so often there ma not be a regulation for the particular dilemma that con fronts a
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business leader. leader. 0<. hich of the following helps identif potential e#ents that ma affect the entit and manage risk to be within its risk appetite to pro#ide reasonable assurance regarding the achie#ement of entit objecti#es a. -isk a#ersion b. -isk benchmarking c. -isk assessment d. -isk minimi9ation Answer: c Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Ethics age: 24 Feedback: -isk assessment is defined as >a process . . . to identif potential e#ents that ma affect the entit entit and manage risk to be within its risk appetite to pro#ide reasonable assurance regarding the achie#ement of entit objecti#es.? 0@. ractical reasoning is reasoning about: a. what we should think. b. what we should do. c. what we should belie#e. d. what we should share. Answer: b Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20 Feedback: ractical reasoning is reasoning about what we should do. 5$. reasoning is reasoning about what we should do. a. ractical b. Descripti#e c. &heoretical d. 3otional Answer: a Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20
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Feedback: ractical reasoning is reasoning about what we should do. 51. &heoretical reasoning is reasoning about: a. what we actuall do. b. what we should do. c. what we should belie#e. d. what we should implement. Answer: c Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20 Feedback: &heoretical reasoning is reasoning about what we should belie#e. 52. reasoning is reasoning about what we should belie#e. a. ractical b. Abstract Abstract c. &heoretical d. Descripti#e Answer: c Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20 Feedback: &heoretical reasoning is reasoning about what we should belie#e. 54. hich of the following refers to the pursuit of truth and the highest standard for what we should belie#e a. &heoretical reason b. )ritical reason c. hilanthropic reason d. ractical reason Answer: a Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20 Feedback: &heoretical reason is the pursuit of truth which is the highest standard for what we should belie#e.
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50. According to the tradition of theoretical reason is the great arbiter of truth. a. religion b. perception c. science d. ethics Answer: c Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 20 2= Feedback: &heoretical reason is the pursuit of truth which is the highest standard for what we should belie#e. According to this tradition science is the great arbiter of truth. 55. hich of the following can be thought of as the answer to the fundamental questions of theoretical reason a. &he scientific method b. &he practical approach c. &he contingenc approach d. &he normati#e model Answer: a Difficult: (edium !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics Analtic age: 2= Feedback: &heoretical reason is the pursuit of truth which is the highest standard for what we should belie#e. According to this tradition science is the great arbiter of truth. &hus the scientific method can be thought of as the answer to the fundamental questions of theoretical reason: hat should we belie#e
%ill in the Blank &uestions
5=. ABnC is anone affected for better or for worse b the decisions made within a particular firm. Answer: stakeholder Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s &a,onom: -emember AA)*: Ethics age: ; Feedback: 'n a general gene ral sense a business stakeholder will be anone who affects or is affected
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b decisions made within the firm for better or worse. 5;. 'n an organi9ational conte,t is the skill of creating a circumstance in wh ich good people are able to do good and bad people are p re#ented from doing bad. Answer: ethical business leadership Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 12 Feedback: Ethical business leadership is the skill to create the circumstances within which good people are able to do good and bad people are pre#ented from doing bad. 5<. is the aspect of ethics that is referred to b the phrase >personal integrit.? integrit.? Answer: (oralit Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 10 Feedback: (oralit is the aspect of ethics that we refer to b the phrase >personal integrit.? 5@. ethics asks us to simpl step back from implicit e#erda decisions to e,amine and e#aluate them. Answer: hilosophical Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 15 Feedback: hilosophical ethics merel asks us to step back from implicit e#erda decisions to e,amine and e#aluate them. =$. &o &o sa that ethics is a discipline is to sa that it deals with standards of appropriate and proper beha#ior. Answer: normati#e Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1; Feedback: &o sa that ethics is a normati#e discipline is to sa that it deals with norms: those
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standards of appropriate and proper Bor >normal?C beh a#ior. a#ior. =1. 3ormati#e disciplines presuppose some underling . Answer: #alues Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1; Feedback: 3ormati#e disciplines presuppose some underling #alues. =2. ser#e the ends of human well%being. Answer: Ethical #alues Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1< Feedback: Ethical #alues ser#e the ends en ds of human well%being. Acts and decisions that seek to promote human welfare are acts and decisions based on ethical #alues. =4. "ne wa to distinguish the #arious tpes of #alues is in terms of the ends the ser#e. #alues ser#e the end of beaut. Answer: Aesthetic Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1< Feedback: "ne wa to distinguish #arious tpes of #alues is in terms of the ends the ser#e. Financial #alues ser#e monetar ends religious #alues ser#e spiritual ends aesthetic #alues ser#e the end of beaut legal #alues ser#e law order order and justice and so forth. =0. &he requires emploers to make reasonable accommodations for emploees with disabilities. Answer: Americans with Disabilities Act Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Analtic age: 21 Feedback: &he Americans with Disabilities Act BADAC requires emploers to make
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reasonable accommodations for emploees with disabilities. =5. According to science is the great arbiter of truth. Answer: theoretical reason Difficult: (edium !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics age: 20 2= Feedback: &heoretical reason is the pursuit of truth which is the highest standard for what we should belie#e. According to this tradition science is the great arbiter of truth.
Essay &uestions
==. E,plain how ethical decisions are required to be made b e#erbod and how the ha#e the capacit to influence more than just the decision maker. Answer: Ethical decision making in business is not limited to the tpe of major corporate decisions with dramatic social consequences known in the form of Enron K(organ and orld)om etc. At some point e#er worker and certainl e#erone in a management role will be faced with an issue that will require ethical decision making. 3ot e#er decision can be co#ered b economic legal or compan rules and regulations. (ore often than not responsible decision making must rel on the personal #alues and principles of the indi#iduals in#ol#ed. 'ndi#iduals will ha#e to decide for themsel#es what tpe of person the want to be. At other times decisions will in#ol#e significant general polic issues that affect entire organi9ations as happened in all the well%known corporate scandals. &he managerial role especiall in#ol#es decision making that establishes organi9ational precedents and has organi9ational and social consequences. Difficult: (edium !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 0 =;. E,plain how the stud of ethics was #iewed until recentl and what kind of shift in focus has occurred post the scandals. Answer: As recentl as the mid%1@@$s articles in such major publications as &he all treet Kournal the 8ar#ard *usiness -e#iew -e#iew and .. 3ews and orld orld -eport questioned the legitimac and #alue of teaching classes in business ethics. Few disciplines face the tpe of skepticism that commonl confronted courses in business ethics. (an students belie#ed that >business ethics? was an o,moron. (an also a lso #iewed ethics as a mi,ture of sentimentalit and personal opinion that would interfere with the efficient functioning of business. !eaders reali9e that the can no longer afford this approach in contemporar business. &he questions toda are less about wh or o r should ethics be a part of business than the are about
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which #alues and principles should guide business decisions and how ethics should be integrated within business. tudents unfamiliar with the basic concepts and c ategories of ethics will find themsel#es as unprepared for careers in business as students who are unfamiliar with accounting and finance. 'ndeed it is fair to sa that students will not be full prepared e#en within fields such as accounting finance human resource management marketing and management unless the are familiar with the ethical issues that arise within those specific fields. Difficult: 8ard !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 5%= =<. Describe the ad#antages associated with ethical decision%making. Answer: nethical beha#ior not onl creates legal risks for a business it creates financial and marketing risks as well. (anaging these risks requires managers and e,ecuti#es to remain #igilant about their compan+s ethics. 't is #er clear now that a compan can lose in the marketplace it can go out of business and its emploees can go to jail if no one is paing attention to the ethical standards of the firm. A firm+ firm+ss ethical reputation can pro#ide a competiti#e ad#antage in the marketplace and with customers suppliers and emploees. (anaging ethicall can also pa significant di#idends in organi9ational structure and efficienc. efficienc. &rust loalt commitment creati#it and initiati#e are just some of the organi9ational benefits that are more likel to flourish within ethicall stable and credible organi9ations. Difficult: Eas !earning "bjecti#e: $1%$1 &opic: 'ntroduction: (aking the )ase for *usiness Ethics *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: ;%< =@. Discuss the hesitation Bthat ma be justifiedC associated with teaching ethics. E,p lain briefl how the authors of this te,t belie#e that ethics can be taught constructi#el in a class. Answer: art of the hesitation about teaching ethics in#ol#es the potential for abuse e,pecting teachers to influence beha#ior ma be #iewed as permission p ermission for teachers to impose their own #iews on students. (an belie#e that teachers should remain #alue%neutral in the classroom and respect a student+s own #iews. Another Another part of this concern is that the line between moti#ating students and manipulating students is a narrow one. &here are man was to influence someone+s beha#ior including threats guilt pressure bulling and intimidation. *ut not all forms of influencing beha#ior raise such concerns. &here is a major difference between manipulating someone and persuading someone between threatening and reasoning. &he authors of this te,t belie#e that the tension between knowledge and beha#ior can be resol#ed b emphasi9ing ethical judgment ethical deliberation and ethical decision making. &he onl academicall and ethicall legitimate wa to do this is through careful and reasoned decision making. &he fundamental assumption is that a process of rational decision making a
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process that in#ol#es careful thought and deliberation can and will result in beha#ior that is more reasonable accountable and ethical. Difficult: (edium !earning "bjecti#e: $1%$2 &opic: *usiness Ethics as Ethical Decision making *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 11 ;$. Define ethics. 8ow is it different from social sciences such as pscholog and sociolog Answer: Ethics refers not onl to an academic d iscipline but to that arena of human life studied b this academic discipline namel how human beings should properl li#e their li#es. hilosophers often emphasi9e that ethics is normati#e in that it deals with our reasoning about how we should act. ocial sciences such as pscholog and sociolog also e,amine human decision%making and actions but these sciences are descripti#e rather than normati#e. &he pro#ide an account of how and wh people do act the wa the do as a normati#e discipline ethics seeks an account of how h ow and wh people should act a certain wa rather than how the do act. Difficult: Eas !earning "bjecti#e: $1%$4 $1%$2 &opic: *usiness Ethics as Ethical Decision (aking *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 11 10 ;1. Differentiate the concepts of moralit and social ethics. Answer: &he fundamental question of ethics >8ow should we li#e? can be interpreted in two was. >e? > e? can mean each one of o f us indi#iduall or it might mean all of us collecti#el. 'n the first sense this is a question about how ' should li#e m life how ' should act what ' should do and what kind of person ' should be. &his meaning of ethics is sometimes referred to as moralit moralit and it is the aspect of ethics that we refer to b the phrase >personal integrit.? &here will be man times within a business setting where an indi#idual will need to step back and ask: >hat should ' do 8ow should ' act? 'n the second sense >8ow should we li#e? refers to how we li#e together in a communit. &his is a question about how a societ and social institutions such as corporations ought to be structured and about how we ought to li#e together. &his area is sometimes referred to as social ethics and it raises questions of justice public polic p olic law ci#ic #irtues organi9ational structure and political philosoph. 'n this sense business ethics is concerned with how business institutions ought to be structured structured about corporate social responsibilit responsibilit and about making decisions that will impact man people other than the indi#idual decision maker. &his aspect of business ethics asks us to e,amine business institutions from a social rather than an indi#idual perspecti#e. &his broader social aspect of ethics is referred to as decision making for social responsibilit. responsibilit.
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Difficult: Eas !earning "bjecti#e: $1%$4 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 10%15 ;2. h is Lethics+ considered a normati#e discipline Answer: &o &o sa that ethics is a normati#e discipline is to sa that it deals with norms those standards of appropriate and proper Bor >normal?C beh a#ior. a#ior. 3orms establish the guidelines or standards for determining what we should do how we should act what tpe of person we should be. Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1; ;4. Define #alues and discuss d iscuss the element of corporate culture in detail. Answer: 'n general #alues can be thought of as those beliefs that incline us to act or to choose one wa rather than another. A compan+s compan+s core #alues for e,ample are those beliefs and principles that pro#ide the ultimate guide in its decision making. 'ndi#iduals can ha#e their own personal #alues and importantl importantl institutions also ha#e #alues. A corporation+s corporation+s >culture? is a wa of saing that a corporation has a set of identifiable #alues that establish the e,pectations for what is >normal? within that firm. &hese norms guide emploees implicitl more often than not to beha#e in was that the firm #alues and finds worth. "ne important implication of this is that an indi#idual or a corporation+s set of #alues ma lead to either ethical or unethical result. &he corporate culture at Enron for e,ample seems to ha#e been committed to pushing the en#elope of legalit as far as possible in order to get awa with as much as possible in pursuit of as much mone as possible. Difficult: Eas !earning "bjecti#e: $1%$0 &opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s &a,onom: -emember AA)*: Ethics age: 1< ;0. Describe the two elements of ethical #alues. Answer: First ethical #alues ser#e the ends of human well%being. Acts and choices that aim to promote human welfare are acts and choices based on ethical #alues. econd the well%being promoted b ethical #alues is not a personal and an d selfish well%being. Ethical #alues are those beliefs and principles that impartiall promote human well%being. Difficult: Eas !earning "bjecti#e: $1%$0
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&opic: *usiness Ethics as ersonal 'ntegrit and ocial -esponsibilit *loom+s *loom+s &a,onom: nderstand AA)*: Ethics age: 1< ;5. Discuss the impact of maintaining that holding to the law is sufficient to fulfill one+s one+s ethical duties and what it sas about the law itself. Answer: 8olding that obedience to the law is sufficient to fulfill one+s one+s ethical duties begs the question of whether or not the law itself is ethical. E,amples from histor histor 3a9i 7erman and apartheid in outh Africa being the most ob#ious demonstrate that one+s ethical responsibilit ma run counter to the law. "n a more practical le#el this question can ha#e significant implications in a global econom in which businesses operate in countries with legal sstems different from those of their home countr. countr. ome countries make child labor or se,ual discrimination legal but businesses that choose to adopt such practices do not escape ethical responsibilit for doing so. From the perspecti#e of ethics a business does not forgo its its ethical responsibilities based on obedience to the law. Difficult: (edium !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 1@ ;=. E,plain the difficulties associated with telling businesses that its ethical responsibilities end with obedience to the law. Answer: &elling &elling business that its ethical responsibilities end with obedience to the law is just in#iting more legal regulation. &he difficult of tring to create laws to co#er each and e#er possible business challenge would be enormous. &he task would require such specificit specificit that the number of regulated areas would become unmanageable. Additionall it was the failure of personal ethics among such companies as Enron and orld)om after all that led to the creation of the arbanes%",le Act and man other legal reforms. 'f business restricts its ethical responsibilities to obedience to the law it should not be surprising to find a new wa#e of go#ernment regulations that require what were formerl formerl #oluntar actions. Difficult: Eas !earning "bjecti#e: $1%$5 &opic: Ethics and the !aw *loom+s *loom+s &a,onom: nderstand AA)*: Ethics Analtic age: 21 ;;. Discuss the importance of precedents for most laws concerning business. Answer: (ost of the laws that concern business are based on past cases that establish legal precedents. Each precedent applies general rules to the specific circumstances of an indi#idual case. 'n most business situations asking >'s this legal? is reall asking >Are these
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circumstances similar enough to past cases that the conclusions reached in those cases will also appl here? ince there will alwas be some differences between cases the question will alwas remain somewhat open. Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Ethics age: 22%24 ;<. Define risk assessment. Answer: -isk assessment is defined as a process to identif potential e#ents that ma affect the entit entit and manage risk to be within its risk appetite to pro#ide reasonable assurance regarding the achie#ement of entit objecti#es. Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Analtic age: 24 ;@. hile using the risk assessment model what might the decision makers include in their assessment before taking action Answer: sing the risk assessment model decision makers might include in their assessment before taking action: M the likelihood of being challenged in court M the likelihood of losing the case M the likelihood of settling for financial damages M a comparison of those costs M the financial benefits of taking the action M the ethical implication of the options a#ailable Difficult: Eas !earning "bjecti#e: $1%$= &opic: Ethics and the !aw *loom+s &a,onom: -emember AA)*: Ethics age: 24%20 <$. Differentiate between practical reason and theoretical reason. Answer: ractical reason is described as reasoning about what we should do whereas theoretical reason in#ol#es reasoning about what we should belie#e. Difficult: Eas !earning "bjecti#e: $1%$; &opic: Ethics as ractical ractical -eason *loom+s &a,onom: -emember AA)*: Ethics
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age: 20
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