Which of the following statements is true of ethics?
A. All ethical standards are codified in the law.
B. Ethics and social responsibility are independent of each other.
C. Establishing broad agreement on ethical standards is easier when society is diverse.
D. Actions that are completely legal can still be unethical.
Answer: D
You might also like to view...
From a manager’s perspective, which stakeholders should matter?
a. underprivileged stakeholders b. stakeholders with a financial link to the company c. stakeholders with power d. all stakeholders
Use ______________ to orient readers to the location of the site recorded on a map
a. a compass b. a caption c. a series of call-outs d. inset location maps
Masulis (1980) documented evidence that the market generally reacts favorably to a leverage- increasing debt-for-equity swap, and unfavorably to a leverage decreasing equity-for-debt swap
Which of the following is NOT a legitimate theoretical explanation for these market reactions? a. Increasing leverage increases the tax shield of debt, while extinguishing debt decreases it. b. Increasing leverage induces an expropriation of wealth from existing creditors, while extinguishing debt accomplishes the opposite. c. Increasing leverage via a swap involves paying a dividend to shareholders while decreasing leverage via a swap forces the firm to issue equity. d. Increasing leverage disciplines management to act in shareholders' interest by absorbing free cash flow, while decreasing leverage increases management's ability to pursue self-serving activities.
Work done by a specialist without supervision indicates employee status.
Answer the following statement true (T) or false (F)