Which statement is true regarding ethics

1
The guiding moral principles and values people use to analyze a situation and decide what is right and what is wrong are called _________. A) ethics B) belief C) faith D) integrity 2
Of the following, which is not true regarding ethics? A) Laws often change to reflect the ethics of society. B) Ethics change over time. C) The scandals associated with Tyco, Enron, and WorldCom reflect ethical dilemmas. D) Ethics are fixed principles that do not change over time. 3
__________ are people or groups of people who supply a company with its productive resources and thereby have an interest in how the company behaves. A) Stockholders B) Suppliers and distributors C) Stakeholders D) Managers 4
All of the following are considered to be true about stockholders except ________. A) Stockholders have a legal claim on a company because they own shares. B) Stockholders always receive compensation in the form of additional shares of stock. C) Stockholders are owners of the company from which they own shares. D) Stock ownership affords the stockholders right to receive some of the company's profits. 5
Of the following statements about salary levels received by top managers, which one is incorrect? A) Salary levels of top managers can create an ethical dilemma. B) Some consider the top managers of today to be a part of "the new aristocracy". C) Some top managers within the United States in 2002 were earning as much as 2,600 times the pay provided to an average worker. D) Salaries for top managers are always set by the Board of Directors. 6
Of the following, which one is not an ethical rule or principle managers can use to analyze the effects of their business decisions on stakeholders? A) The jeopardy rule B) The moral rights rule C) The practical rule D) The utilitarian rule 7
Which of the following statements is not true about societal ethics? A) They govern how members of a society deal with one another in matters involving fairness, justice, poverty, and individual rights. B) They originate from the society's laws, customs, and practices. C) They are established by government. D) They vary among societies. 8
Of the following types of laws, which one is not associated with having a major impact on business commerce? A) Consumer protection laws B) General interest laws C) Drivers' license laws D) Environmental laws 9
___________ laws were established to offer protection to buyers of products that would prevent those products from causing harm or injury? A) Consumer safety B) Environmental protection C) General interest D) Antitrust 10
Laws governing _________ seek to create a level playing field for people in the job market. A) commerce B) occupations C) diversity D) employee health and safety

What is true about ethics?

Which of the following statements defines ethics?

Which of the following statements is true regarding ethics and business?

Which of the following is true about law and ethics?