The british economist and philosopher adam smith

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1. The British economist and philosopher Adam Smith would best say that:

a. Ethical egoism is bad since it encourages selfish behavior.
b. Satisfying one’s desires leads to sensuality and lust and therefore is evil.
c. The government will serve as the “invisible hand” to take care of people.
d. Satisfying one’s desires and achieving one’s goals are very laudable principles of action and morality.

2. Which of the following statements is true?

a. Ethics focuses on the way in which ethical principles apply in making moral determinations in life.
b. Ethics is not concerned with the way moral rules are derived.
c. The immoral conduct of corporate management is not likely to affect the behavior of lower level employees.
d. Ethical codes of conduct cannot help to set the ethical tone of a firm.

Reference no: EM13522665

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