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Chapter 8: T/F

Ethics is the branch of philosophy that focuses on what constitutes right and wrong behavior
True
Acting in good faith gives a business firm a better chance of defending its actions in court
True
Corporations can be perceived as owing ethical duties to groups other than their shareholders
True
Ethics is concerned with the fairness or justness of an action
True
Business ethics focuses on ethical behavior in the business world
True
The minimal acceptable standard for ethical behavior is compliance with the law
True
An action may be legal but not ethical
True
An action may be legal and ethical
True
Simply obeying the law does not fulfill all ethical obligations
True
A business firm can sometimes predict whether a given action is legal
True
Ethical codes of conduct can set the ethical tone of a firm
True
An ethics program can clarify what a company considers to be unacceptable conduct
True
Setting realistic workplace goals can reduce the probability that employees will act unethically
True
Corporate ethical policies must be clearly communicated to be effective
True
Ethical standards based on religious teachings tend to be absolute
True
In ethical terms, a cost benefit analysis is an assessment of the negative and positive effects of alternative actions on individuals
True
According to utilitarianism, an action that affects the majority adversely is morally wrong
True
Corporations can be good citizens by promoting goals that society deems worthwhile
True
A business firm’s profits may suffer if the firm is not a “good corporate citizen”
True
Businesspersons who would choose to act unethically may be deterred from doing so because of public opinion
True
One guideline to evaluating the ethics of a particular action is to “let your conscience be your guide”
True
The role played by women may present some difficult ethical problems for firms doing business internationally
True
Bribery of foreign government officials is both an ethical and a legal issue
True
Some U.S. bribery laws are directed toward accountants
True

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