Exam 2: Understanding Business Ethics and Social Responsibility

Identify two examples of unethical practices in advertising.

Which one of the following organizations has as its primary function the regulation of advertising and pricing practices?

Jordan is a recent college graduate with a degree in computer programming.He has just begun his first full-time job and is excited to apply the skills that he worked so hard to acquire.Though he excelled as a student,Jordan is anxious about how successful he will be as an employee.When an opportunity unexpectedly presents itself to take credit for a brilliant software program that someone else wrote,Jordan does not resist and claims the program as his own.Which of the following statements must be true about Jordan's decision?

An individual's personal code of ethics is shaped by his or her life experiences.

When evaluating a decision based on the ethical norm of rights,a manager is MOST likely to consider which of the following questions?

Explain the steps that an organization must take to foster a company-wide sense of social responsibility.

Which of the following statements is MOST likely to be included in a company's code of ethics?

MKD Transportation's managers strongly believe in consumer rights.What does this mean?

In an attempt to act socially responsibly toward investors,on what might MKD focus?

A conflict of interest occurs when an activity may benefit the individual to the detriment of his or her employer.

Carla's Collegiate Exchange,a popular bookseller among university students,has just drafted its mission statement.The company seeks to sell books on a sliding scale based on a student's available income.What does this MOST likely reveal about the company's ethical code?

Which of the following steps would be LEAST likely to help a business develop and maintain an ethical environment?

The most essential ingredient in encouraging ethical behavior in an organization is letting employees dictate ethical norms.

Who are MKD Transportation's stakeholders?

Acme Inc.meets its legal and ethical requirements.In addition,Acme donates $50,000 per year to local charities when asked.Which of the following approaches is being taken by Acme toward social responsibility?

The Consumer Bill of Rights is backed by numerous federal and state laws.

If the general public were to follow the three-step model for applying ethical judgments to situations,what would the public do?

Describe the four approaches to social responsibility.

The standards of behavior that guide managers in their work are called employee ethics.

A company that does not act responsibly toward its customers may lose their trust and ultimately their business.