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To obtain permission s to use material from this work, please submit a written request to Pearson Education, Inc. Chapter 1 Ethics in the World of Business CHAPTER SUMMARY Business ethics is concerned with identifying and understanding the ethical issues that arise in business and with developing the knowledge and skills needed by a practicing manager to address these issues and to make sound business decisions—that is, decisions that are sound from both an ethical and a business perspective.
Ethical issues are an inevitable element of business decision making and are deeply intertwined with managerial practice and economic activity generally. Business ethics is important for managers because many business decisions upon which the success of individual managers, business organizations, and, indeed, the whole economic system depend, are involved in ethical issues.
Both economics and law are important guides for business decision making, but they are not complete. Nor is business ethics understood merely as the treatment of ethical issues from a philosophical perspective.
As the work of psychologists and sociologists on organizational misconduct show, it is not enough merely to determine a right course of action. Misconduct in organizations is also the result of flaws in individual and organizational decision making that can be corrected only by changes in decision-making processes.
Practicing managers must also address the larger challenge of preventing misconduct within organizations. Explain how business decision-making can run afoul of ethical concerns. Describe the kinds of decisions that are characteristic of the various levels of business organization.
Chapter 12: Multiple choice questions
Describe the relationship between ethics and the law. What types of ethical concerns do decision-makers at the management level need to take into account? What types of ethical concerns do decision-makers at lower organizational levels need to take into account? How would you respond to someone who says that a business should always do whatever is in its economic interests? What is wrong with the thought that abiding by the law is all the ethics that a businessperson needs to worry about?
How does specialized knowledge come into play in the management of ethics? Please contact your local Pearson sales representative to learn about the options available.
Morality is not relevant to economic concerns. Free markets will fix their own ethical problems. People will behave rationally as they pursue their interests. Answer: D. It is often rational to price products below their market value. Free markets will usually self-regulate.To browse Academia. Skip to main content. Log In Sign Up. Vkgc71 5fbpni. A True B False 2 Business ethics is the application of ethics to the special problems and opportunities experienced by business people.Cntk 106
A True B False 3 Business ethics results in a set of correct decisions. A True B False 4 The only social responsibility that businesses have is to focus on how business decisions affect company operations.
A True B False 6 Legal rules governing contract laws have been shaped in large part by our sense of commercial ethics. A True B False 7 In some countries, businesses must pay bribes to receive supplies they need to stay in business. A True B False 8 In an ethical analysis using the WPH Framework referenced in the text, owners are the most important stakeholders and should receive the greatest consideration in decision making regardless of the type of problem addressed.
All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. A True B False 10 The terms shareholder and stakeholder have the same meaning. A True B False 11 The community in which a firm operates would not be considered a stakeholder of the firm. A True B False 12 Ethical relativism and situational ethics mean the same thing. A True B False 13 Consequentialism provides a rigid set of rules to follow regardless of the situation. A True B False 14 One form of consequentialism is utilitarianism.
A True B False 15 Ethical issues do not exist in accounting because the field involves primarily objective data. Which of the following court rulings was the result of the defendant's motion to dismiss based on statute of limitation grounds? A That the statute of limitations began to run on the plaintiff's claim when the risk of the drug was discovered by the manufacturer, not on the date on which the plaintiff became aware of the risk and that the statute of limitations, therefore, barred her claim.
B That the defendant committed fraud preventing it from relying on the statute of limitations. C That because the plaintiff was warned by her doctor of specific risks caused by the medication, the statute of limitations began to run prior to the time she became aware of an advertisement discussing the risk; and the statute of limitations barred her claim.
Business Ethics Questions
D That in lawsuits involving this type of drug, there is no statute of limitations because each day the plaintiff suffers from pain results in the beginning of a new cause of action. E That because the plaintiff was not warned by her doctor of specific risks caused by the medication, the statute of limitations did not begin to run until she became aware of an advertisement discussing the risk.
A The fact that most individuals associated with this theory have been proven to have acted to the detriment of their followers in one way or another. B The allegation that an excessive number of followers actually follow consequentialism.Who said that the "only one social responsibility of business is to increase profits"? Instructions Answer the following questions and then press 'Submit' to get your score.
Question 1 All definitions of Corporate Social Responsibility recognize that: a companies have a responsibility for their impact on society and environment. Question 2 Who said that the "only one social responsibility of business is to increase profits"? Question 3 What is the main characteristic of the stakeholder approach? Question 4 What are the four generic strategies of social responsiveness? Question 5 Michael Porter and Mark Kramer said that: a Social responsibility does not matter for firm strategies.
Question 6 Which of the following is NOT an example of a genuine business innovation? Question 7 Opportunities for social innovation are greatest when: a CSR is aligned with a firm's core skills and capabilities. Question 8 What are the three levels of innovation? Question 9 Which of the following is an example of new market creation? Question 10 What is a key obstacle to the success of non-traditional partnerships?Which of the following is not one of the work related behaviors that demonstrates a strong work ethic?
Demonstrate competence. Assume personal responsibility for problems. Do not accept undesirable assignments.Best granite
Get your projects completed promptly. Be a team player Make other people feel important Maintain honest and open relationships All of the above are suggested ways. Display a helpful, cooperative attitude Follow the golden rule Share credit with coworkers All of the above are suggested ways. Which of the following is likely to be perceived as not being a team player?
Safety rules Work standards Written rules Group norms Which of the following is not one of the examples given in the text as a difficult person?Saa acca
Listen and respond Use humor Give ample feedback All of the above are suggested ways. Deal effectively with an angry customer. Recognize that the boss is facing considerable pressure. All of the above are behaviors of highly emotional intelligence people. The Submit Answers for Grading feature requires scripting to function. Your browser either does not support scripting or you have turned scripting off.
Multiple Choice Quiz
So, the Submit Answers for Grading button below will not work. The following Submit Answers for Grading button is provided in its place and will clear your answers: The Clear Answers and Start Over feature requires scripting to function. So, the Clear Answers and Start Over button below will not work.
The following Clear Answers button is provided in its place and will clear your answers:. Chapter 8. Multiple Choice. Fair minded.Kylie jenner ha rivelato i costumi coordinati di halloween che
Good organizational citizenship behavior consist of all of the following except:. Be courteous.These short solved questions or quizzes are provided by Gkseries.
View Answer. Toggle navigation. Computer Sc. Home GK business ethics multiple choice questions and answers. Go To Download Page Close. A Corporate Social Responsibility.PTE Reading MCQ SINGLE ANSWER Practice (20 Questions TIMED with ANSWER)
B Company Social Responsibility. C Corporate Society Responsibility. D Company Society Responsibility. Answer: Corporate Social Responsibility. A The only social responsibility of business is to its shareholders. B Managers should act in ways that balance the interest of society and shareholders. C The primary responsibility organizations have is to its employees. D The primary responsibility organizations have is to its stakeholders.
Answer: The only social responsibility of business is to its shareholders.Wall e mp4 download
A That it is in an organization's own best interest to put itself first rather than its ethics. B That it is in an organization's best interest to consider what a shareholder would want. C That it is in an organization's own best interest to act in an ethical way. D That it is in an organization's own best interest to follow the legislation and abide by the law. Answer: That it is in an organization's own best interest to act in an ethical way. A The extent to which managers should attempt to change the underlying beliefs and values of individual followers.Ethics and the Conduct of Business teaches students ethical decision-making through a brief theoretical overview, and forty-five short cases, with each case presenting more than one side of the issue.
The section on marketing now offers a framework for marketing ethics and organizes the problems under the headings of "sales practices and labeling" and "pricing and distribution. I think the foundation supporting research on the various theories was particularly well done. Whistle blowing chapter was a gem and so on target"--Thomas E.
Griffin, Indiana Wesleyan University. Stone, Spartanburg Technical College. Ethics and the Conduct of Business Zoom. Business Ethics. Product detail Title no longer available. Features How do you show the practical applications of theory? Many anthologies and single-author texts provide a treatment of business ethics issues, often in a point-counterpoint format, that allows for good classroom discussion of these issues. However, few provide sufficient cases that relate the issues to business practice.
As a result, either the course focuses on abstract issues without the benefit of concrete cases or else the instructor needs to supplement the book with cases from other sources. The alternative of choosing a casebook is that the course lacks sufficient background material. This book solves the problem of a single, comprehensive text by providing forty-five short cases that supplement the thorough treatment of issues in each chapter.
The book opens with two comprehensive chapters on theory; the remainder of the text is case-based, organized around the major topic areas of business ethics. Each chapter begins with a case.40 hp vanguard efi marine
Three or four major issues raised by this case are then spotlighted, followed by the main pro and con arguments for each ethical position. This organization gives students the material they need to imagine ethical dilemmas, engage in effective classroom discussion, and practice analytic decision-making.
How do you ensure that your students understand the material? Appropriate mix of concreteness and abstraction. The advantage of this book is that it begins with concrete problems as they arise in business practice and steadily moves toward more sophisticated positions and arguments. There is a progression in each chapter from the concrete to the abstract that enable students to delve into the issues as deeply as they are able.
As a result, the text works well with students at all levels of ability. This development enables students to learn and fine-tune analytical thinking, and as a result, the text works well with students at all levels of ability. How do you engage your students in the study of business ethics? Prentice Hall with ABC News is pleased to provide this collection of videos from ABC News' award-winning programs that relate the concepts of business ethics to real-life stories and events.
The programs present substantial content that will work well in the classroom and give the student a deeper understanding of the application of Business Ethics in the workplace. Contact your local rep to package with your text. Has full chapters on some of the most important, current issues in business: international business, finance, privacy, and occupational health and safety.
How do you prepare for your course? Instructor's Manual with Tests. This all-in-one resource organizes the instructor's manual, the test item file, and other resources by each chapter in order to facilitate class preparation. Designed for both the novice and seasoned professor, this invaluable guide includes resources for each chapter such as: an overview, objectives, outline, lecture and discussion ideas, and further resources. Completely new cases have been written.
CASE 8. Your Basket. Ethics and the Conduct of Business:International Edition. Ethics and the Conduct of Business.View larger. Download instructor resources. Additional order info.
The ethical landscape of business is constantly changing, and the new edition of Business Ethics: Concepts and Cases has been revised to keep pace with those changes most effecting business: accelerating globalization, constant technological updates, proliferating of business scandals.
Improve Critical Thinking - Business Ethics: Concepts and Cases provides summaries of basic ideas discussed within the text in its margins; presents conceptual materials first, and then offers discussion cases second through standardized chapters; all providing students the chance to critically think about the material they are learning.
Support Instructors - Teaching your course just got easier! Download Sample Chapter. This material is protected under all copyright laws, as they currently exist.
No portion of this material may be reproduced, in any form or by any means, without permission in writing from the publisher. Download Preface. Found in this section: 1. Overview of Changes 2. Chapter-by-Chapter Changes. Chapter 2 Ethical Principles in Business. Chapter 5 Ethics and the Environment. Archer Daniels Midland and the Friendly Competitors. Pearson offers special pricing when you package your text with other student resources.
If you're interested in creating a cost-saving package for your students, contact your Pearson rep. We're sorry! We don't recognize your username or password. Please try again. The work is protected by local and international copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. You have successfully signed out and will be required to sign back in should you need to download more resources. Out of print. Business Ethics: Concepts and Cases, 7th Edition.
Manuel G. Velasquez, Santa Clara University. If You're an Educator Download instructor resources Additional order info. If You're a Student Additional order info. Description Resolving Moral Issues in Business. Click on the below link to choose an electronic chapter to preview… Settle back, read, and receive a Penguin paperback for your time! Preface Preface is available for download in PDF format. Emphasizes the strategic importance of ethics to securing a competitive advantage in business - arguing that ethical behavior can give a company significant competitive advantages over another company that is unethical.
Class Prep collects the very best class presentation resources in one convenient online destination, so instructors can keep students engaged throughout every class. Standardized chapters present conceptual materials first, and then offer discussion cases second - getting students to critically think about the material they are learning.
End-of-chapter web resources direct students to where they can find more information, improving their ability to reason about moral matters. New to This Edition. Up-to-date statistics and data in all chapters. Discussions of moral reasoning, corporate social responsibility, impediments to moral behavior, the influence of unconscious processes on moral behavior, globalization, technology, predatory pricing, the fraud triangle, sustainability, the value of work, recent business scandals, and much more.
Graphs and charts, new pictures, and other visual materials.
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