In: Accounting
14 Cartels are unethical business practices toward the competitors--False
15-Employees should not utilize the workplace’s assets for their personal interests. True
16 16-An economic leader acts for the sake of the society. * True
17-Sometimes Kantianism, Utilitarianism, and the Golden Rule might lead to the same decision. * True
18-According to the stockholder model, business is not a charity. * True
19-An advantage of the consequence-based theory is that it recognizes the intrinsic value of the human being. True
20-Customers, suppliers, employees, media, and shareholders are considered as primary stakeholders. True
21-a company deducting part of its annual profits for the children cancer center is most likely adopting the stockholder model of business responsibility. * False
25-Exaggerating the quality of goods in advertisements is considered ethical if the purpose behind this action is merely to persuade the target audience without harming their health. *True
22-“Do unto others as you would have them do unto you” is the essence of the Golden rule. * True
23-Privacy invasion, poor service, and theft of intellectual property are among the ethical issues that surround the world of online business. * True
24-It is impossible for businesses to meet any ethical standards since ethics deviates firms from their main target which is the maximization of profits. * False