There have been several arguments against business ethics. Which argument best supports the idea that when an organization makes money, it improves society, so business ethics are not needed? a. If it’s legal, it is ethical. b. Profits benefit all. c. The Loyal Agent states it. d. Conflict is not unusual. Answer:
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There have been several arguments against
a. If it’s legal, it is ethical.
b. Profits benefit all.
c. The Loyal Agent states it.
d. Conflict is not unusual.
Answer:
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- What is a disadvantage of an ethical code of conduct. a. It’s entirely voluntary. b. It has no legal impact. c. All of these. d. It may not apply to new issues.Which of the statements-relatedto stakeholder conflict in businessis FALSE? A. Stakeholders are those who own the business and they may have differences in opinions on the direction of the business.B. Agency conflict is present when the agent does not act in accordance to the expectations of the principal.C. An example of an agent is the board of directors who represents the numerous stockholders.D. Rank and file employees may prioritize achieving the identified performance measures to obtain additional financial compensation but in doing so, may cause concerns to other employees and departments.Which of the following is correct for stakeholder approach a. All stakeholders affected by company have legitimate interest in corporation b. Employees only have legitimate interest in corporation c. Suppliers have legitimate interest in corporation d. Cant say
- A situation with uncertaintly about what is right to do from a moral or ethical perspective: a. Ethical strategy b. Ethics c. Business ethics d. Ethical DilemmaAfter checking the receipt after leaving the restaurant, you notice the server failed to charge your group for several drinks. Everyone else says it is not a big deal, but you worry that the server may have to reimburse the charges out of her own paycheck. Which ethics-based question would be most helpful in evaluating this situation? Multiple Choice a)Will I get caught? b)Who agrees with me? c)Is it legal? d)Is it balanced?While on a hike with a tour group in the mountains, Derek gets mauled by a bear. No previous reports of bears in the area had been made. Derek wants to hold the tour company liable for his injury. Which of the following is most likely true? A. Derek cannot hold the tour company liable because there is no way to prepare for or avoid a bear attack. B. The company is not at fault because it does not owe Derek a duty of care. C. Because most people would not expect something as dangerous as a bear encounter while on a hike, an assumption of risk defense will probably not protect the tour company. D. Derek assumed the risk of a bear attack by joining the tour group, so he cannot hold the tour company liable.
- 3 Generally (new question, forget Jim), why might you come out better if you hire a brokerage firm to sell your home than sell it yourself? Mention associated costs that must be considered. 3. You are considering hiring a broker to sell your house. You are not sure if your broker is going to represent just you or also represents buyers of your property. What are two steps you should take to protect yourself? To aid you, this information is discussed on page 312 under “Transaction Brokers” in the Law of Agency section of Chapter 12.Rich contracted to hold the annual retreat of his company in Tampa, Florida. Which of the following is an example of a force majeure event? C C C a. The weekend of the conference, Rich became very ill and had to be hospitalized. b. The weekend of the conference, Rich's entire management team quit. The weekend of the conference, there was a major tropical storm. d. The weekend of the conference, Rich discovered a cheaper rate at a nearby hotel. C.99) Which of the following best describes the advantages of the late-mover? a) A late mover in most cases can set industry standards through technological leaderships and by creating intellectual property. b) A late-mover can take advantage of the investments made by the first-mover to develop and launch the product. c) Both A and B d) Neither A nor B