Question 1 

Which of the following statements is most accurate?

Morals are legal minimums. 

Morals are legal maximums. 

Laws are moral minimums. 

Laws are moral maximums. 

 

Question 2 

Corporate codes of ethics can be derived from principles obtained from:

Legal sources 

Utilitarianism 

Kant's Categorical Imperative 

All of the above. 

   

Question 3 

Which of the following is an accurate statement?

If business fails to be sufficiently social responsible it is thereby acting immorally too. 

A corporation is recognized legal "person" but it is not a moral "person" for the purposes of ethical evaluation of corporate activities. 

According to the Friedman view of the corporation, it has no moral or social responsibility, and its only obligation is to make money legally. 

The corporation only is obligated morally to its shareholders, and thus owes no moral responsibilities to any other stakeholder groups. 

   

Question 4 

Which of the following is NOT a correct statement?

A company's code of ethics must demand altruistic behavior from the firm's employees. 

All members of a profession are professionals but not all professionals are members of a profession. 

Business management cannot yet be regarded as a profession because business management lacks a general code of ethics for managers as well as the typical autonomy of the traditional professions. 

In recent years, businesses have taken a more active role in dealing with social problems. 

 

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    • Question 1

      Which of the following statements is most accurate?

      Morals are legal minimums.

      Morals are legal maximums.

      Laws are moral minimums.

      Laws are moral maximums.

      Question 2

      Corporate codes of …