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An ethical business:
| A. |
only does things that are in its own self interest |
|
| B. |
c. always maximizes profits, regardless of the action used |
|
| C. |
uses Enron as a guide to business practice |
|
| D. |
refuses to do things that may be in its self interest, but are not right |
|
| E. |
lies, steals and injures others in its quest for profits |
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- 22. Among the purposes of institutionalizing ethics and social responsibility in company is located: Select one or more than one: a. That serve as criteria for the functions of the company b. Use it as part of company advertising c. Keep track of the publics the company serves d. Communicate ethics and social responsibility as expectations of the business e. Integrate ethics and social responsibility into strategies, policies, and company procedures f. Turn employees into good peopleWhich best describes ethics as it pertains to marketing? a. A set of immoral principles guiding a company to make the most money. b. A set of guidelines for marketing. c. A set of guidelines for selling products. d. A set of moral principles guiding a company to do the right thing for the good of consumers.Which of the following is a normative argument for why firms should behave ethically? a. To meet the firm's legal obligations b. To increase the firm's profitability c. To ensure that the firm does no harm d. To honor the demands of the firm's stakeholders e. To create a competitive advantage in the firm's market
- Which of the following statements about tax-exempt entities is inaccurate? They are exempt from payroll taxes on employees and most other taxes They generally serve the public good without competing against for-profit entities They are exempt from Federal income tax They are covered in the IRC Section 501Acting ethically in business means obeying applicable laws and regulations a. No b. That's not enough C. YesOne of the effective ways to communicate ethical behavior to employees is: a. Publicly recognize ethical behavior in the company b. Making employees to read the Penal Justice of the nation C. Making employees to attend court hearings d. Let the employees to learn by themselves
- Why ethics is Normative Science? a. Because ethical standards are fixed and not changing b. Because it is descriptive science is concerned with what is this. It deals with facts and explains them by their causes c. Because it deals with human conduct that is conscious, deliberate, and voluntary activity d. Because we decide something is wrong on the basis of the common norms for all societyWrite clearly and concisely about law, ethics, and corporate governance using proper writing mechanics.2. Which refers to a set of rules in the society to guide the actions of an individual? A. Law of conduct B. Morality C. Code of government D. Rules of society
- 2. This term represents the ethical issues that arise as a result of advancements in healthcare disease detection, medication intervention and enhanced treatments. a. Applied Ethics b. Medical Ethics c. Professional Ethics d. BioethicsThe media has the power to shape public opinion and influence law makers because: a. The media is a moderator of stories, selecting which stories to tell and which to ignore b. The media is a teller of stories, shaping how events are perceived based on the way that news coverage is framed c. The media is an influencer of firm behavior, spurring companies to change their strategies when negative stories are told about them d. Both A. and C. are true e. All of the above are trueWhat is a disadvantage of an ethical code of conduct. a. It’s entirely voluntary. b. It has no legal impact. c. All of these. d. It may not apply to new issues.