Learning Goal
LL:1
Knows Basic
Terms and Facts
LL:2
Understands
Concepts and
Principles
LL:3
Applies Principles
1. Explain why obeying
the law is only the first
step in behaving
ethically.
1,2,3,4,5,6,7,
1
...
Learning Goal
LL:1
Knows Basic
Terms and Facts
LL:2
Understands
Concepts and
Principles
LL:3
Applies Principles
1. Explain why obeying
the law is only the first
step in behaving
ethically.
1,2,3,4,5,6,7,
158,159,160,161,162
8,9,10,11,12,13,14,15,
16,17~,
163,164,165,166,167,
168,169,170~,171~,
172~
18,19,20~,21~,22~,
23~,
173,174,175,176,177
2. Ask the three
questions to answer
when faced with a
potentially unethical
action.
24,25,26,27,28,29,30,31,
32,
178,179,180,181,182
33,34,35,36,37,38,
183,184,185,186,
39,40,41,42,43,44~,
45~,
187~,188,189,190
3. Describe
management’s role in
setting ethical standards.
46,47,48,49,50,51,52,53,
54,55,56,57,58,59,
191,192,193,194
60,61,62,63,64,65,66,
67,
195,196,197,198,199
68,
200,201,202,203
4. Distinguish between
compliance-based and
integrity-based ethics
codes, and list the six
steps in setting up a
corporate ethics code.
69,70,71,72,73,74,75,76,
77,78
204,205,206,207,208,209,
210,211,212
79,80,81,82,83,84,
213,214,215,216,217,
281,283,
287*
85,86,87,89,
218,219,220,221,222,
223
5. Define corporate
social responsibility and
compare corporations’
responsibilities to various
stakeholders.
90,91,92,93,94,95,96,97,
98,99,100,101,102,103,
104,105,106,107,108,109,
110,111,112,113,114~,115,
116,117,118,119,
224,225,226,227,228,229,
230,231,232,234,235,236,
237,238,239,240,241,242,
243
120,121,122,123,124,
125,126,127,128,129,
244,245,246,247,248,
249,250,251,252,253,
254~,255~,256,257,
258,
291*
130,131,132,133,134,
135,136,
259,260,261,262,263,
264,265,266~,267,268,
269,
285,
288*
6. Analyze the role of
American businesses in
influencing ethical
behavior and social
responsibility in global
markets.
137,138,139,140,141,142,
143,144,145,146,
270,271,272,273,274
147,148,149,150,151,
152,
275,276,
282
153,154,155~,156~,
157~,
277~,278~,279,280,
284,286,
289*,290*
4-1
Chapter 04 - Demanding Ethical and Socially Responsible Behavior
Total number of test items: 291
True/false questions are in plain text.
Multiple choice questions are in bold text.
Questions on boxed material are in bold text with a tilde~.
Essay questions are in bold underlined text.
Minicase questions are in bold with an asterisk*.
4-2
Chapter 04 - Demanding Ethical and Socially Responsible Behavior
True / False Questions
1. The Enron scandal illustrates the difference between unethical behavior and illegal
behavior.
True False
2. Ethical behavior requires more than following the law.
True False
3. Legal behavior and ethical behavior are basically the same.
True False
4. A society gets into trouble when people consider only what is illegal and not also what is
ethical or unethical.
True False
5. Ethical behavior refers to the standards that are accepted by society as right or wrong.
True False
6. People should look at each situation individually and decide for themselves if it is right or
wrong.
True False
7. Given the level of diversity within the United States, agreement on common standards of
ethical behavior is unachievable.
True False
4-3
Chapter 04 - Demanding Ethical and Socially Responsible Behavior
8. An accurate statement regarding this chapter is: "Business law establishes ethical
behavior."
True False
9. Legal behavior is directly related to our relationships with others, while ethical behavior is
not.
True False
10. Legal behavior is a first step toward ethical behavior.
True False
11. Laws that protect us from fraud, theft and violence determine ethical behavior.
True False
12. Moral behavior refers to behavior that is accepted by society as right versus wrong.
True False
13. Ethical behavior focuses on treating others fairly.
True False
14. Making accounting records more transparent may help restore trust in the free-market
system and leaders in general.
True False
15. Punishing business leaders who have broken the law may help restore trust in the freemarket system and leaders in general.
True False
4-4
Chapter 04 - Demanding Ethical and Socially Responsible Behavior
16. Making businesspeople more accountable for company actions may help restore trust in
the free-market system and leaders in general.
True False
17. According to the Legal Briefcase box, "Paying the Price", corporate executives who
commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail
because these acts are not considered to be criminal convictions.
True False
18. People involved in business may be tempted to do something unethical in order to
increase sales and profits, but rarely do because if they are caught, our legal system will deal
harshly with them.
True False
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