M Business 3rd Edition Ferrell Test Bank
M Business 3rd Edition Ferrell Test Bank
M Business 3rd Edition Ferrell Test Bank
Bank
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M Business 3rd Edition Ferrell Test Bank
02
Student: ___________________________________________________________________________
1. Business ethics refers to principles and standards that define acceptable conduct in business
organizations.
True False
2. Ethics and social responsibility mean the same thing.
True False
3. Nearly all business decisions may be judged as right or wrong, ethical or unethical.
True False
4. The most basic ethical concerns have been formalized through laws and regulations that encourage
conformity to society's values and norms.
True False
5. All a business has to do to maintain ethical conduct is to follow the law.
True False
6. Only corporations have to worry about ethics scandals and social responsibility issues.
True False
7. An ethical issue is an identifiable problem, situation, or opportunity that requires a person or organization
to choose from among several actions that may be evaluated as ethical or unethical.
True False
8. The best way to judge the ethics of a decision is to look at it from a manager's or employee's point of
view.
True False
9. The size of the transaction, the history of personal relationships within the particular company, and many
other factors may determine whether a customer gift will be judged as ethical.
True False
10. Conflicts of interest are payments, gifts, or special favors intended to influence the outcome of a
decision.
True False
11. Ethics is related to the culture in which a business operates.
True False
12. Workplace bullying is an increasing problem.
True False
13. It is almost always easy to recognize specific ethical issues.
True False
14. Establishing and enforcing ethical standards and policies within business can help reduce unethical
behavior by prescribing which activities are acceptable and which are not and by removing the
opportunity to act unethically.
True False
15. Without a code of ethics or formal policy on ethics, employees are likely to base their decisions on how
their peers and superiors behave.
True False
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