MGT1143 : Session 1 2024/2025

Corporate wrongdoing stems (grows) from individuals sacrificing their personal values.

• True

• False

Entrepreneurs who fail to act in accordance with their noble values, beliefs, and principles are considered to be compromising their integrity.

• True

• False

Codes of ethics should not only express the principles that members of the firm should follow but also give examples of situations likely to be faced.

• True

• False

Business practices and other behaviors reflect the underlying values of the leaders and employees of a business.

• True

• False

Small business owners cannot formulate codes of ethics; they must be issued by law or by professional associations.

• True

• False

What constitutes ethical behavior is determined partly by the individuals.

• True

• False

Some actions may be illegal, yet considered ethical.

• True

• False

The level of integrity in a firm is unrelated to the respect given to employees.

• True

• False

Many entrepreneurs feel a duty to give back to the community that supports them, and they often benefit from the increased goodwill they receive in return.

• True

• False

Small businesses must answer many of the same social responsibility questions as big businesses.

• True

• False