BMAL 560: Corporate
Responsibility
Midterm
Ethics are primarily based on religious beliefs.
False
Ethical ideas are present in all societies, all organizations, and all individual persons.
True
If all people relied on ethical relativism, there would be no universal ethical standards on which people
around the globe could agree.
True
Business must develop its own definition of what is right and wrong, apart from ethics.
False
Being ethical includes developing a sense of trust, which promotes positive alliances among business
partners.
True
Business cannot expect to be profitable while adhering to ethical principles of conduct.
False
The U.S. Corporate Sentencing Guidelines provide a strong incentive for businesses to promote their
ethics at work.
True
The Sarbanes-Oxley Act requires that firms maintain good financial practices, apart from high ethical
standards, in how they conduct and monitor business operations.
False
Employees would rather work for companies who promote their personal values.
True
An ethical egoist acts for the benefit of others and sacrifices self-interest.
False
Only in the last few years have scholars found a positive relationship between an organization's
economic performance and attention to spiritual values.
