Business Essentials, 9e Chapter 2 Business Ethics and Social Responsibility 1) Ethics are beliefs about what is right and wrong. Answer: TRUE Explanation: Ethics are beliefs that guide behavior that is right and good. Page Ref: 32 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 2) Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives. Answer: Explanation: Business ethics are ethical or unethical behaviors by employees in the context of their jobs. Page Ref: 33 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 3) The standards of behavior that guide managers in their work are called employee ethics. Answer: FALSE Explanation: Managerial ethics are standards of behavior that guide individual managers in their work. Page Ref: 33 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 4) Some ethical and unethical behaviors fall into gray while others are widely agreed upon. Answer: TRUE Explanation: An example is the situation where an activity may be seen as unethical by some people but as a smart business practice by other people. Page Ref: 34 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept
Business Essentials, 9e Chapter 2 Business Ethics and Social Responsibility 1) Ethics are beliefs about what is right and wrong. Answer: TRUE Explanation: Ethics are beliefs that guide behavior that is right and good. Page Ref: 32 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 2) Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives. Answer: Explanation: Business ethics are ethical or unethical behaviors by employees in the context of their jobs. Page Ref: 33 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 3) The standards of behavior that guide managers in their work are called employee ethics. Answer: FALSE Explanation: Managerial ethics are standards of behavior that guide individual managers in their work. Page Ref: 33 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept 4) Some ethical and unethical behaviors fall into gray while others are widely agreed upon. Answer: TRUE Explanation: An example is the situation where an activity may be seen as unethical by some people but as a smart business practice by other people. Page Ref: 34 Difficulty: Easy AACSB: Ethical understanding and reasoning abilities Objective: 2.1 Learning Outcome: Discuss the roles of ethics and corporate responsibility in business Skill: Concept
Test-Bank-for-Business-Essentials-9E-9th-Edition.docx