Comprehension. 11. Are the following statements true or false?

11. Are the following statements true or false?

1. Ethics is the same as law.

2. An ethically acceptable decision is both legally and morally acceptable only to the person concerned.

3. If management makes decisions and takes actions that will contribute to the welfare and interests of society as well as to the organisation’s, one may speak about socially responsible management.

4. Ethical standards are not codified

5. Most people believe that individuals make ethical choices only because of individual integrity.

6. Corporate culture doesn’t have any influence on behaviour in organizations.

7. Whistle-blowers shouldn’t be protected because their actions are immoral.

Match the words and word-combinations to the criteria of total corporate responsibility.

	Economic	Legal	Ethical	Discretionary
to produce goods and services
to act with equity
not to be mandated by economics, law, or ethics
to fulfil economic goals
fairness
to maximize profits
to make social contributions
to be guided by a company’s desire
impartiality
the legal framework
to provide different treatment of individuals
to respect the rights of individuals
to be voluntary

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