Chapter 1â€the Importance of Business Ethics Test Banks Essay

------------------------------------------------- Chapter 1—The Importance of Business Ethics MULTIPLE CHOICE 1. Principles are a. | laws and regulations that guide behavior in the world of business. | b. | mores, values, and customs that guide behavior in general. | c. | specific and pervasive boundaries for behavior that are universal and absolute. | d. | the obligations businesses assume to maximize their positive impact and minimize their negative impact on stakeholders. | e. | the mores, values, and customs that parents teach their children. | ANS: C PTS: 1 REF: p. 7 2. Social responsibility is a. | an organizations obligation to maximize its positive effects and minimize its negative effects on†¦show more content†¦12 9. Ethics is a part of decision making a. | at all levels of work and management. | b. | primarily at the upper management levels of an organization. | c. | mostly for policy makers. | d. | that is less important than other decision making processes. | e. | only at that lower levels of organizational management. | ANS: A PTS: 1 REF: p. 5 10. Which of the following was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices? a. | Federal Sentencing Guidelines for Organizations | b. | Defense Industry Initiative on Business Ethics and Conduct | c. | Corporate codes of conduct | d. | United States Sentencing Commission | e. | MERCOSUR | ANS: B PTS: 1 REF: p. 13 11. The _____ focus(es) on firms taking action to prevent and detect business misconduct in cooperation with government regulation. a. | United States Sentencing Commission | b. | Defense Industry Initiative on Business Ethics and Conduct | c. | World Trade Organization | d. | United Nations Global Compact | e. | Federal Sentencing Guidelines for Organizations | ANS: E PTS: 1 REF: p. 14 12. The study of business ethics is important to better understand all of the following except a. | that a persons own moral philosophies and decision-making experience may not be sufficient to guide him or her in the business world. | b. | how and why people makeShow MoreRelatedEthics Development Essay1423 Words   |  6 PagesEthics Development Ethics guide the decision-making and actions of an individual. More extensively, collective employee ethics shape the direction of a company. This document will explore sources of ethical influence, both for individuals, and organizations. 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