Foundations of Business- Chapter 4;
Mathis (TCU) questions and correct
answers
In the business world, social responsibility refers to - correct answer ✔✔the obligation of a business
organization to contribute to society.
A nation's legal system provides businesses with _____ for examining ethical standards. - correct answer
✔✔a starting point
The function of laws in the United States is to establish and enforce _____ that apply to everyone in
society. - correct answer ✔✔ethical norms
The Drof Motor Company has created an exciting new vehicle, the Terminator. One reason that the
company is so excited about this vehicle is that once the 60,000-mile warranty ends, the vehicle will
begin to experience mechanical problems generating more service income for the company. This
behavior is - correct answer ✔✔legal and unethical.
Why bother about ethics? - correct answer ✔✔The idea of doing good ought to be worthy for its own
sake, especially today.
_____ apply to everyone across a broad spectrum of situations regardless of political, religious, class, and
ethnic divisions. - correct answer ✔✔Universal ethical standards
The goal of universal ethical standards is to - correct answer ✔✔provide guidelines that apply to
everyone across a broad spectrum of situations.
A company with international operations may rely on universal ethical standards to guide - correct
answer ✔✔decision making across a broad spectrum of situations.
, A nonprofit, nonpartisan organization, Character Counts has created a set of universal ethical standards
that transcend cultures. Which of the following is not a universal ethical standard? - correct answer
✔✔religion
Janet reasons, "It's wrong to lie, However, it's okay to overstate my expense account on my last trip
because I really need the money, and the company hasn't given me a raise in the past year." This is an
example of an employee who applies _____ to fit the situation at hand. - correct answer ✔✔relative
ethical standards
The nonprofit, nonpartisan organization Character Counts has worked with educators, community
leaders, and experts in the field to establish a set of - correct answer ✔✔core ethical values that
transcend political, ethnic, class, and religious differences.
As a technology driven company, Google, Inc.'s corporate code of conduct is quite simple, "Do No Evil."
Google, Inc. is using _____ that applies to everyone across the organization to ensure ethical behavior. -
correct answer ✔✔a universal ethical standard
_____ are the moral principles that govern behavior, while a(n) _____ occurs when the behavior results
in a choice among alternatives, each of which has negative consequences. - correct answer ✔✔Ethics;
ethical dilemma
Business ethics and individual ethics differ based on the fact that - correct answer ✔✔business ethics
focus on the application of right and wrong in a business setting, while individual ethics are one's
personal standards of right and wrong.
A couple of weeks ago, your boss had a private conversation with you. She explained that the company's
financial performance is poor, and the firm is looking at the possibility of layoffs. She then asked for you
to help her determine whether positions in your division should be cut—and if so, which ones. After
analyzing the situation, you believe that cutting jobs would almost certainly improve the company's
profitability. However, several of the workers who are most likely to be cut are good friends, and you
know they would suffer significant financial hardship if they lost their jobs. Your report to your boss is
due tomorrow. It appears that you are facing a(n) - correct answer ✔✔ethical dilemma.
It often takes a pharmaceutical firm 15 or more years to develop a new drug. The sales from these new
drugs must recover the expenses of research and development. Many of these pharmaceutical firms
want to support socially responsible causes. When they are asked to lower the price of drugs distributed
Mathis (TCU) questions and correct
answers
In the business world, social responsibility refers to - correct answer ✔✔the obligation of a business
organization to contribute to society.
A nation's legal system provides businesses with _____ for examining ethical standards. - correct answer
✔✔a starting point
The function of laws in the United States is to establish and enforce _____ that apply to everyone in
society. - correct answer ✔✔ethical norms
The Drof Motor Company has created an exciting new vehicle, the Terminator. One reason that the
company is so excited about this vehicle is that once the 60,000-mile warranty ends, the vehicle will
begin to experience mechanical problems generating more service income for the company. This
behavior is - correct answer ✔✔legal and unethical.
Why bother about ethics? - correct answer ✔✔The idea of doing good ought to be worthy for its own
sake, especially today.
_____ apply to everyone across a broad spectrum of situations regardless of political, religious, class, and
ethnic divisions. - correct answer ✔✔Universal ethical standards
The goal of universal ethical standards is to - correct answer ✔✔provide guidelines that apply to
everyone across a broad spectrum of situations.
A company with international operations may rely on universal ethical standards to guide - correct
answer ✔✔decision making across a broad spectrum of situations.
, A nonprofit, nonpartisan organization, Character Counts has created a set of universal ethical standards
that transcend cultures. Which of the following is not a universal ethical standard? - correct answer
✔✔religion
Janet reasons, "It's wrong to lie, However, it's okay to overstate my expense account on my last trip
because I really need the money, and the company hasn't given me a raise in the past year." This is an
example of an employee who applies _____ to fit the situation at hand. - correct answer ✔✔relative
ethical standards
The nonprofit, nonpartisan organization Character Counts has worked with educators, community
leaders, and experts in the field to establish a set of - correct answer ✔✔core ethical values that
transcend political, ethnic, class, and religious differences.
As a technology driven company, Google, Inc.'s corporate code of conduct is quite simple, "Do No Evil."
Google, Inc. is using _____ that applies to everyone across the organization to ensure ethical behavior. -
correct answer ✔✔a universal ethical standard
_____ are the moral principles that govern behavior, while a(n) _____ occurs when the behavior results
in a choice among alternatives, each of which has negative consequences. - correct answer ✔✔Ethics;
ethical dilemma
Business ethics and individual ethics differ based on the fact that - correct answer ✔✔business ethics
focus on the application of right and wrong in a business setting, while individual ethics are one's
personal standards of right and wrong.
A couple of weeks ago, your boss had a private conversation with you. She explained that the company's
financial performance is poor, and the firm is looking at the possibility of layoffs. She then asked for you
to help her determine whether positions in your division should be cut—and if so, which ones. After
analyzing the situation, you believe that cutting jobs would almost certainly improve the company's
profitability. However, several of the workers who are most likely to be cut are good friends, and you
know they would suffer significant financial hardship if they lost their jobs. Your report to your boss is
due tomorrow. It appears that you are facing a(n) - correct answer ✔✔ethical dilemma.
It often takes a pharmaceutical firm 15 or more years to develop a new drug. The sales from these new
drugs must recover the expenses of research and development. Many of these pharmaceutical firms
want to support socially responsible causes. When they are asked to lower the price of drugs distributed
