Course Post-Assessment CH 03
Williams Effective Management 6e
TRUE/FALSE
1. Ethics is the set of moral principles or values that defines right and wrong for a person or group.
2. Under the U.S. Sentencing Commission Guidelines, companies can be prosecuted and punished for the
illegal or unethical actions of employees, even if management didn’t know about the unethical
behavior.
3. The stakeholder model holds that the only social responsibility that businesses have is to maximize
profits.
4. The categories of social responsibility for a company are economic, legal, ethical, and discretionary
MULTIPLE CHOICE
1. Which of the following statements about ethics is true?
2. The ____ determined that companies can be prosecuted and punished for the illegal or unethical
actions of employees, even if management didn’t know about the unethical behavior.