Question 1 Corporate codes of ethics can be derived from principles obtained from….

Question 1 Corporate codes
of ethics can be derived from principles obtained from: Legal sources
Utilitarianism Kant’s Categorical Imperative All of the above.
0.5 points Question 2
EarthLast, Inc. pollutes the environment. They
are careful, however, to
just avoid
violating pollution control laws. The company makes a lot of money for its
shareholders. Which of the following best describes the company’s approach to
business? Legal and Moral pursuant to Legal Positivism Legal, moral, and
socially responsible
Illegal and immoral
Legal and moral pursuant to Kantian ethics
0.5 points
Question 3 Edward Executive
makes $100,000 a year. Ned Newguy, a recent business school graduate, is
willing to do Ed’s job for $55,000. Ed has been with the company for 30 years. In
a cost-saving move,
the company fires Ed and replaces him with the younger and cheaper Ned Newguy.
This action could be Illegal Immoral pursuant to Kantian ethics Moral pursuant
to Ethical Egoism All of the above.
0.5 points
Question 4 Regarding the values
of legality,
morality, and social responsibility, which of the following is/are TRUE: a. One
can be sued for acting illegally. b. One cannot be sued for “merely”
acting immorally unless some law is also violated. c. One cannot be sued for “merely”
being socially
irresponsible or
non-responsive unless some law is also violated. d. All of the above are true.
0.5 points
Question 5 As to why a
company should be a socially responsible one and get involved in civic and
charitable affairs, Socrates would likely argue: Justice
is the will of the
stronger. Money comes from virtue. Ignorance of the law is no excuse. Virtue
comes from money.
0.5 points
Question 6 International Sales Corporation,
like other business, has enforceable duties prescribed by Ethics and the law
Ethics only
Neither ethics nor
the law The law only
0.5 points
Question 7 Brown Communications, Inc. needs to
reduce costs by downsizing. In determining which employees to let go, the
business’ initial concern should be Its profits for executive and management
bonuses
Its ethical duty to
the employees The legality of the downsizing if the impact adversely affects
older workers protected by age discrimination law Its social responsibility
reputation in the local community
0.5 points

Question 8 Kyle, an accountant for Engineering
Associates, Inc.
attempts to apply the duty approach to ethical reasoning in conflicts that
occur on the job. This approach is based on the idea that a person Has a duty
not to engage in unethical or immoral behavior no matter how desirable the
consequences
may be Has a duty
to conform one’s behavior to society’s ethical standards Has a duty to one’s
employer that is superior to any duty owed to society as a whole May engage in
unethical behavior if it achieves the greater good.

0.5 points
Question 9 Which of the
following cause problems in determining whether an action is legal? A large
number of ethical theories Too general definitions of “corporate social
responsibility” A lack of lawyers None of the above
0.5 points

Question 10 Which of the
following is the
most accurate
statement? A small shareholder can never be held morally responsible for what a
large corporation does. One function of a corporate ethics audit will be to
conduct a moral audit of the firm to ascertain if it is acting morally. The
principal
purpose of a moral
audit of the firm is to ensure that the company is acting in a legal manner. A
corporate code of ethics needs only to restate minimum legal principles and
rules in its “practices” section.