Bule

Chapter 2

Ethics and Business

Decision Making

True/False Questions

1. Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior.

ANSWER: T PAGE: 37 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

2. Ethics is not concerned with the philosophical basis for morality.

ANSWER: F PAGE: 37 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

3. Ethics is not concerned with the fairness or justness of an action.

answer: F PAGE: 37 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

4. Business ethics focuses on ethical behavior in the business world.

ANSWER: T PAGE: 37 TYPE: N

NAT: AACSB Ethics AICPA Risk Analysis

5. A business firm's profits may suffer if the firm acts unethically.

ANSWER: T PAGE: 37 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

6. Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion.

ANSWER: T PAGE: 38 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

7. Business ethics is consistent only with short-run profit maximization.

ANSWER: F PAGE: 38 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

8. Managers must apply different standards to themselves than they apply to their employees.

ANSWER: F PAGE: 38 TYPE: N

NAT: AACSB Ethics AICPA Critical Thinking

9. Setting realistic workplace goals can reduce the probability that employees will act unethically.

ANSWER: T PAGE: 38 TYPE: +

NAT: AACSB Ethics AICPA Risk Analysis

10. To act ethically is to think narrowly about what is best in the short run for one’s employer.

answer: F PAGE: 38 TYPE: N

NAT: AACSB Analytic AICPA Risk Analysis

11. Duty-based ethics may be based on religious precepts or philosophical reasoning.

answer: T PAGE: 41 TYPE: =

NAT: AACSB Ethics...