Chapter 02 Ethical Decision
Chapter 02 Ethical Decision
True/False Questions
1. In the ethical decision-making process, the issue identification step always follows the fact
gathering step.
2. Stakeholders include only those groups and/or individuals within an organization affected by
an internal decision, policy or operation of a firm or individual.
3. The most helpful way to compare and weigh the alternatives is to try to place oneself in the
other person’s position.
4. Within business, an organization’s context sometimes makes it difficult for even the best-
intentioned person to act ethically.
5. Responsibility for the circumstances that can encourage ethical behavior and can discourage
unethical behavior falls predominantly to the business management and executive team.
6. “Business” or “economic” decisions and ethical decisions are not mutually exclusive.
7. Understanding a situation from another’s point of view, making an effort to “walk a mile in
their shoes,” contributes significantly to responsible ethical decision making.
8. We often select the alternative that satisfies maximum decision criteria, otherwise known as
satisficing.