Business And Society Ethics And Stakeholder Management 1st Canadian Edition by Len Karakowsky -Test Bank

Business And Society Ethics And Stakeholder Management 1st Canadian Edition by Len Karakowsky -Test Bank

Chapter 6—Business Ethics Fundamentals

TRUE/FALSE

1. Even large, successful firms such as IBM, Nortel and AT&T have been found guilty of unethical behavior.

ANS: T

2. In recent surveys, a majority of the public rated the honesty and ethical standards of business executives as “high” or “very high.”

ANS: F

3. Fortunately, there is a scientific way to determine that business ethics has actually deteriorated in our society.

ANS: F

4. The media’s reporting of ethical problems in business has not increased in the past three decades.

ANS: F

5. Observers believe that problems with business ethics occur because businesses are changing while society remains the same.

ANS: F

6. Normative business ethics seeks to describe the morality of a people, a culture, or a society.

ANS: F

7. Canadian business has remained unscathed by recent business scandals reported in North America.

ANS: F

8. Individual managers’ established norms are the only standards that should be considered in making ethical business decisions.

ANS: F

9. The law can be viewed as a set of minimal standards of conduct and behavior.

ANS: T

10. The conventional approach to business ethics requires that we compare an act or decision with prevailing norms of acceptability.

ANS: T

11. In determining business ethics, the question “What ought to be?” is directly asking what the already-existing norms of the company are.

ANS: F