Question 1

Following an ethics-based approach to decision making will normally lead to higher

Accepted Answer

A)   profits.
B)   trust and cooperation.
C)   prices.
D)   employee turnover.E) A) and B)
F) A) and C)

Question 2

Defining a socially responsible company is complicated. Businesses differ from other businesses, as well as the people they serve, on what we mean by "socially responsible."

Accepted Answer

A) True 
 B)False

Question 3

Corporate philanthropy refers to the position a firm takes on social and political issues.

Accepted Answer

A) True 
 B)False

Question 4

The purpose of a(n)  ________ is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

Accepted Answer

A)   accountability review
B)   social audit
C)   federal disclosure statement
D)   annual reportE) C) and D)
F) A) and D)

Question 5

Following an ethics-based approach to decision making will normally lead to

Accepted Answer

A)   higher profits.
B)   lower employee turnover.
C)   lower prices.
D)   more competition.E) B) and C)
F) A) and B)

Question 6

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Accepted Answer

A)   social auditing
B)   corporate social initiative
C)   corporate policy
D)   corporate philanthropyE) None of the above
F) B) and C)

Question 7

A whistleblower is a person who

Accepted Answer

A)   monitors employees who work overtime.
B)   reports illegal or unethical behavior in the corporation.
C)   reports health or other corporate emergencies to 911.
D)   works in the human resource department.E) All of the above
F) A) and D)

Question 8

In the long run, a firm's loyalty to their employees can pay off financially.

Accepted Answer

A) True 
 B)False

Question 9

Compliance-based ethics codes

Accepted Answer

A)   conform to U.S. laws and regulations.
B)   enable responsible employee conduct.
C)   use education, leadership, and accountability to reinforce the code.
D)   create a "do-it-right" climate that emphasizes core values.E) A) and C)
F) All of the above

Question 10

Relationships between businesses and among nations

Accepted Answer

A)   should be based on international law, exclusively.
B)   should be based on fairness, honesty, openness, and moral integrity.
C)   should be scrutinized carefully to make some determination as to whether both sides have the same type of leader behavior when it comes to assigning work.
D)   will be adversarial because seldom does either side believe in win-win situations.E) All of the above
F) None of the above

Question 11

When police set up sobriety checkpoints, they aim to lessen drunk driving and save lives. While not required, the makers of apps that help users navigate around the checkpoints have complied with the public request of several legislators and have obediently stopped operating. After studying about ethics and social responsibility, which of the following statements applies to this situation?

Accepted Answer

A)   Laws represent the minimum guidelines that companies must follow, whereas a company's ethical stance may venture beyond the minimum level of compliance.
B)   App developers that keep operating are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be.
C)   App developers no longer operating are acting philanthropically toward government.
D)   App developers that keep operating are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes.E) A) and B)
F) B) and D)

Question 12

American clothing manufacturer Simple Suits was sued in New York courts by watchdog groups that discovered the poor working conditions in manufacturing plants in a U.S. territory. Customers are typically concerned with human rights abuses and other problems with supplier relationships at home and abroad.

Accepted Answer

A) True 
 B)False

Question 13

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Accepted Answer

A) True 
 B)False

Question 14

Environmental quality is considered to be a public good. This means that

Accepted Answer

A)   ultimately it is the public that pays for environmental clean-up.
B)   businesses have a responsibility to minimize their environmental pollution.
C)   everyone enjoys a cleaner environment regardless of who pays for it.
D)   society places a higher value on private goods and services.E) None of the above
F) All of the above

Question 15

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements best describes ethical behavior in the U.S.?

Accepted Answer

A)   Due to the diverse cultures that make up the U.S. it is difficult to identify common standards of ethical behavior.
B)   The only common standards of ethical behavior in the U.S. are reflected in religious teachings.
C)   We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.
D)   Americans will generally describe the golden rule as the only statement of value that they uphold.E) C) and D)
F) A) and B)

Question 17

A growing number of people feel that an employee's ethics are a personal matter, and have nothing to do with management.

Accepted Answer

A) True 
 B)False

Exam 4: Demanding Ethical and Socially Responsible Behavior

Compliance-based ethics codes

Correct Answer
verified

Defining a socially responsible company is complicated. Businesses differ from other businesses, as well as the people they serve, on what we mean by "socially responsible."

Correct Answer
verified

Following an ethics-based approach to decision making will normally lead to

Correct Answer
verified

In the long run, a firm's loyalty to their employees can pay off financially.

Correct Answer
verified

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Correct Answer
verified

Following an ethics-based approach to decision making will normally lead to higher

Correct Answer
verified

The purpose of a(n) ________ is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

Correct Answer
verified

Correct Answer
verified

Environmental quality is considered to be a public good. This means that

Correct Answer
verified

A whistleblower is a person who

Correct Answer
verified

A growing number of people feel that an employee's ethics are a personal matter, and have nothing to do with management.

Correct Answer
verified

Which of the following statements best describes ethical behavior in the U.S.?

Correct Answer
verified

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Correct Answer
verified

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

Correct Answer
verified

Correct Answer
verified

Corporate philanthropy refers to the position a firm takes on social and political issues.

Correct Answer
verified

Relationships between businesses and among nations

Correct Answer
verified

Exam 4: Demanding Ethical and Socially Responsible Behavior

Compliance-based ethics codes

Correct AnswerverifiedShow Answer

Defining a socially responsible company is complicated. Businesses differ from other businesses, as well as the people they serve, on what we mean by "socially responsible."

Correct AnswerverifiedShow Answer

Following an ethics-based approach to decision making will normally lead to

Correct AnswerverifiedShow Answer

In the long run, a firm's loyalty to their employees can pay off financially.

Correct AnswerverifiedShow Answer

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Correct AnswerverifiedShow Answer

Following an ethics-based approach to decision making will normally lead to higher

Correct AnswerverifiedShow Answer

The purpose of a(n) ________ is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Environmental quality is considered to be a public good. This means that

Correct AnswerverifiedShow Answer

A whistleblower is a person who

Correct AnswerverifiedShow Answer

A growing number of people feel that an employee's ethics are a personal matter, and have nothing to do with management.

Correct AnswerverifiedShow Answer

Which of the following statements best describes ethical behavior in the U.S.?

Correct AnswerverifiedShow Answer

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Correct AnswerverifiedShow Answer

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Corporate philanthropy refers to the position a firm takes on social and political issues.

Correct AnswerverifiedShow Answer

Relationships between businesses and among nations

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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