Ethical Decision Making for Managers
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Questions and Answers

What is the key difference between law and ethics?

  • Ethics are written down and enforced by courts, while law governs behavior
  • Law is written down and enforced by courts, while ethics are moral guidelines governing behavior (correct)
  • Law and ethics are interchangeable terms
  • Law and ethics are both enforceable by courts

    • What is the aim of ethics?

  • To ensure complete freedom in decision making
  • To establish minimum standards necessary for human behavior
  • To answer the question 'What should I do?' based on reflection of values, principles, and purpose (correct)
  • To enforce laws and regulations

    • What category of human behavior pertains to actions not regulated by law and allows complete freedom of choice?

  • Ethical Behavior
  • Codified Law
  • Free Choice (correct)
  • Moral Obligation

    • Why do ethical people or companies sometimes go beyond the laws?

    <p>Because obeying the law may require actions against their ethics</p> Signup and view all the answers

    What has made ethical and courageous behavior an important trait for today’s managers?

    <p>Moral lapses and financial scandals</p> Signup and view all the answers

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