Business Strategy Chapter 9 Quiz

Bus Strat: Q9

1. Business ethics concerns the application of ethical principles and standards to business activities, behavior, and decisions (a)

2. Ethical principles in business are not materially different from ethical principles in general and have to be judged in the context of society's standards of right and wrong, not by a special set of rules that businesspeople decide to apply to their own conduct (d)

3. Unethical managerial behavior tends to be driven by such factors as overzealous or obsessive pursuit of personal gain, wealth, and other self interests; a company culture that puts the profitability and good business performance ahead of ethical behavior; and heavy pressures on company managers to meet or beat performance targets (a)

4. A company's strategy needs to be ethical because a strategy that is unethical not only damages the company's reputation but it also can have costly consequences (e)

5. Which of the following are consequences of pursuing a strategy that has unethical or shady components? All of these (e)

6. Notions of right and wrong, fair and unfair, moral and immoral, ethical and unethical are present in all societies, organizations, and individuals (d)

7. According to the school of ethical universalism, many of the same standards of what's ethical and what's unethical resonate with peoples of most societies regardless of local traditions and cultural norms—hence, to the extent there is common moral agreement about right and wrong actions, common ethical standards can be used to judge the conduct of personnel at companies operating in a variety of country markets and cultural circumstances (e)

8. The thesis that because different societies and cultures have divergent values and standards of what is "ethically right" and "ethically wrong" it is appropriate to judge behavior as ethical/unethical in the light of local customs and social mores is a view that characterizes the school of ethical...