Ethical Decision Making for Managers
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Questions and Answers

What is the main focus of ethics?

  • Determining legal requirements
  • Enforcing moral guidelines
  • Reflecting on values and principles (correct)
  • Setting minimum standards

How does ethics differ from law?

  • Law sets moral guidelines
  • Law governs moral behaviors
  • Ethics reflects on values and principles (correct)
  • Ethics enforces legal requirements

Why do ethical people or companies go beyond the law?

  • To set minimum standards
  • To avoid legal consequences
  • To exceed the minimum legal standards (correct)
  • To enforce moral guidelines

What is the importance of ethics for managers?

<p>Reflecting on values and principles (C)</p> Signup and view all the answers

Why can't the law codify all ethical requirements?

<p>Because law only sets minimum standards (C)</p> Signup and view all the answers

What is the primary focus of ethics?

<p>To govern moral principles and values (A)</p> Signup and view all the answers

Why do ethical people or companies go beyond the minimum standards set by law?

<p>To gain competitive advantage (B)</p> Signup and view all the answers

How does ethics differ from law?

<p>Ethics governs moral principles, while law defines legal requirements (A)</p> Signup and view all the answers

What does ethics aim to answer?

<p>What is morally right and wrong (A)</p> Signup and view all the answers

Why is ethical and courageous behavior an important trait for today’s managers?

<p>To demonstrate a commitment to higher moral principles (A)</p> Signup and view all the answers
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