Managerial ethics and areas of ethical concern for managers(Connect, Perform)

 

Use your knowledge about ethics to answer the following questions.

Why is reaching a consensus on what is or isn’t ethical behavior sometimes a challenge?

Because laws sometimes differ from what is morally right

Because ethical beliefs are determined at the group level

Because ethical beliefs are determined at the individual level

Because ethical beliefs are determined at the societal level

Given that laws tend to reflect societal norms about ethics, but that ethics is based on personal beliefs, which of the following is true?

Some people may believe that some behaviors may be legal but unethical.

When the law is clear, there will be no ethical ambiguities.

There are universal ethics in that some behaviors are perceived as unethical no matter where one is in the world.

When what is right and wrong is clear, what is unethical will align with what is illegal.

2. Emerging ethical issues in organizations (Connect)

Use your knowledge of the sources of ethical issues facing management to answer the questions below.

Ethical dilemmas can occur at all levels of a company. With which level does the Sarbanes-Oxley Act deal?

Top-level of individual leadership

Corporate owners

Divisional leadership

Board of directors

Which approach to social responsibility is best explained by the statement, Do only what is legally required?

Proactive

Obstructionist

Accommodative

Defensive

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7. A quant jock from your firm used a linear demand specification to estimate the demand for its product and sent you a hard copy of the results. Unfortunately, some entries are missing because the toner was low in her printer. Use the information presented below to find the missing values labeled ‘1’ through ‘7’ (round your answers to the nearest hundredth). Then, answer the accompanying questions. (LO6) SUMMARY OUTPUT Regression Statistics Multiple R 0.38 R-Square ‘1’ Adjusted R-Square ‘2’ Standard Error 20.77 Observations 150 Analysis of Variance Degrees of Freedom Sum of Squares Mean Square F Significance F Regression 2 ‘3’ 5199.43 12.05 0.00 Residual 147 63,408.62 431.35 Total ‘4’ 73,807.49 Coefficients Standard Error t-Statistic P-Value Lower 95% Upper 95% Intercept 58.87 ‘5’ 3.84 0.00 28.59 89.15 Price of X -1.64 0.85 ‘6’ 0.06 -3.31 0.04 Income ‘7’ 0.24 4.64 0.00 0.63 1.56 Final PDF to printerbay90611_ch03_064-100.indd 97 10/27/16 08:07 PM 97 a. Based on these estimates, write an equation that summarizes the demand for the firm’s product. b. Which regression coefficients are statistically significant at the 5 percent level? c. Comment on how well the regression line fits the data

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