Question 1

Most companies have policies that forbid buyers from accepting gifts from suppliers.

Accepted Answer

A) True 
 B)False

Question 2

What is the purpose of a written code of ethics?

Accepted Answer

A written code of ethics formally announ

Question 3

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

Accepted Answer

A)  Is the decision consistent with what we regard as fair? 
B)  Does the decision respect the rights of the individuals involved? 
C)  Is the decision consistent with people's responsibility to each other? 
D)  Is the decision consistent with best management practice? 
E)  Does the decision optimize the benefits for those who are affected by it? 
A)  Is the decision consistent with what we regard as fair? 
B)  Does the decision respect the rights of the individuals involved? 
C)  Is the decision consistent with people's responsibility to each other? 
D)  Is the decision consistent with best management practice? 
E)  Does the decision optimize the benefits for those who are affected by it?

Question 4

Describe the stakeholder model of social responsibility.

Accepted Answer

Companies that strive to be responsible

Question 5

How do organizations exercise social responsibility toward customers?

Accepted Answer

Much of what organizations do to act res

Question 6

How do issues of social responsibility and ethics affect small business?

Accepted Answer

Small businesses must address,more or le

Question 7

IBP,a leading meat-processing firm,has a long record of breaking environmental protection,labor,and food processing laws and then trying to cover up its offenses.What type of stance has IBP adopted to social responsibility?

Accepted Answer

A)  accommodative 
B)  obstructionist 
C)  pragmatic 
D)  defensive 
E)  proactive 
A)  accommodative 
B)  obstructionist 
C)  pragmatic 
D)  defensive 
E)  proactive

Question 8

The Omega Group's mission statement conveys a primary commitment to compassionately improving the lives of elderly citizens.What is LEAST likely to be true of the company's ethical code?

Accepted Answer

A)  The company values the well-being of others. 
B)  The company believes that all people have worth. 
C)  The company prohibits age discrimination when hiring employees. 
D)  The company expects and requires elderly citizens to contribute to society. 
E)  The company prioritizes fair treatment of all human beings. 
A)  The company values the well-being of others. 
B)  The company believes that all people have worth. 
C)  The company prohibits age discrimination when hiring employees. 
D)  The company expects and requires elderly citizens to contribute to society. 
E)  The company prioritizes fair treatment of all human beings.

Question 9

Jana and Kate are the owners of an upscale jewelry boutique that offers unique and much-desired accessories in an affluent neighborhood.Jana and Kate are concerned,however,that the company's commitment to social responsibility has begun to diminish in various respects.How would this MOST likely be evident?

Accepted Answer

A)  Other local businesses may be forced to close their doors. 
B)  The health of employees and their children is starting to suffer. 
C)  Local investors and stakeholders seek to invest their money elsewhere. 
D)  The boutique's customer base may decrease sharply due to moderate increases in price. 
E)  Employees may begin making fewer charitable personal donations. 
A)  Other local businesses may be forced to close their doors. 
B)  The health of employees and their children is starting to suffer. 
C)  Local investors and stakeholders seek to invest their money elsewhere. 
D)  The boutique's customer base may decrease sharply due to moderate increases in price. 
E)  Employees may begin making fewer charitable personal donations.

Question 10

How might this situation have been different in the event that MKD had initially adopted a proactive stance to social responsibility?

Accepted Answer

MKD may have directed its ships to stay

Question 11

Which of the following,if true,tends to compromise the ethical standing of the CEO's position?

Accepted Answer

A)  The CEO was born and raised in the community where the new plant will be located. 
B)  The CEO plans to purchase the solar energy panels for the new plant from an alternative energy business just started up by her grandson. 
C)  The plant is located near a small lake that is heavily polluted by residue from strip mining. 
D)  The firm recently instituted a policy of bonuses for environmentally responsible actions, which the managers assigned to the new plant would be certain to get. 
E)  The CEO expects to sell some of the power generated by the solar panels back to the local energy grid, enhancing corporate profits. 
A)  The CEO was born and raised in the community where the new plant will be located. 
B)  The CEO plans to purchase the solar energy panels for the new plant from an alternative energy business just started up by her grandson. 
C)  The plant is located near a small lake that is heavily polluted by residue from strip mining. 
D)  The firm recently instituted a policy of bonuses for environmentally responsible actions, which the managers assigned to the new plant would be certain to get. 
E)  The CEO expects to sell some of the power generated by the solar panels back to the local energy grid, enhancing corporate profits.

Question 12

What is the term for an employee who detects and tries to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them?

Accepted Answer

A)  fast-track manager 
B)  whistle-blower 
C)  corporate lookout 
D)  government inspector 
E)  blue sky thinker 
A)  fast-track manager 
B)  whistle-blower 
C)  corporate lookout 
D)  government inspector 
E)  blue sky thinker

Question 13

If MKD were to adopt a written code of ethics,what would it include generally?

Accepted Answer

All codes of ethics

Question 14

What is a social audit?

Accepted Answer

A)  an examination of a company's financial records to determine their conformance with GAAP 
B)  a program to promote consumer activism 
C)  an analysis by the government of a company's compliance with employment laws 
D)  an analysis of a firm's success in using funds earmarked for meeting its social responsibility goals 
E)  a check on consumer rights 
A)  an examination of a company's financial records to determine their conformance with GAAP 
B)  a program to promote consumer activism 
C)  an analysis by the government of a company's compliance with employment laws 
D)  an analysis of a firm's success in using funds earmarked for meeting its social responsibility goals 
E)  a check on consumer rights

Question 15

Wei-Yin runs a small,socially responsible business in which she sells her own watercolor paintings.Wei-Yin has a passion to help aspiring artists in her area achieve their dreams,but so far has assisted only a few of them.Which of the following would MOST likely be a reason for this?

Accepted Answer

A)  Wei-Yin does not have much time or money to devote to this desire. 
B)  Wei-Yin is consumed with making a large profit in her business. 
C)  Wei-Yin fears that helping more artists will mean more competition for her company. 
D)  Wei-Yin does not have a sound ethical code in place. 
E)  Wei-Yin does not wish to engage in corporate philanthropy. 
A)  Wei-Yin does not have much time or money to devote to this desire. 
B)  Wei-Yin is consumed with making a large profit in her business. 
C)  Wei-Yin fears that helping more artists will mean more competition for her company. 
D)  Wei-Yin does not have a sound ethical code in place. 
E)  Wei-Yin does not wish to engage in corporate philanthropy.

Question 16

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 would LEAST likely also happen along with Jordan's decision?

Accepted Answer

A)  Other recently hired employees who learn of Jordan's dishonesty are hesitant to report him because they think he is the boss's favorite new employee. 
B)  After thinking deeply about his behavior, Jordan becomes better equipped to act ethically in the future. 
C)  Without recognizing his behavior as unethical, Jordan steals office supplies and reports more hours on his time sheet than he has actually worked. 
D)  The company's ethics committee agrees that employees should not be expected to tell the truth if honesty is not part of their personal ethics. 
E)  An employee who reports Jordan's dishonesty consequently suffers from psychological and emotional stress. 
A)  Other recently hired employees who learn of Jordan's dishonesty are hesitant to report him because they think he is the boss's favorite new employee. 
B)  After thinking deeply about his behavior, Jordan becomes better equipped to act ethically in the future. 
C)  Without recognizing his behavior as unethical, Jordan steals office supplies and reports more hours on his time sheet than he has actually worked. 
D)  The company's ethics committee agrees that employees should not be expected to tell the truth if honesty is not part of their personal ethics. 
E)  An employee who reports Jordan's dishonesty consequently suffers from psychological and emotional stress.

Question 17

Ethical standards relating to business practices are fairly consistent around the world.

Accepted Answer

A) True 
 B)False

Question 18

Describe the three-step model for applying ethical judgments.

Accepted Answer

The three-step model includes (1)gatheri

Question 19

What must every corporation do in maintaining and reporting its financial status?

Accepted Answer

A)  purchase stocks on margin 
B)  use creative accounting practices 
C)  support increased stock prices 
D)  aim to maximize predicted profit margins 
E)  conform to generally accepted accounting principles 
A)  purchase stocks on margin 
B)  use creative accounting practices 
C)  support increased stock prices 
D)  aim to maximize predicted profit margins 
E)  conform to generally accepted accounting principles

Question 20

Which of the following,if true,undermines the customer representative's ethical position?

Accepted Answer

A)  The representative knows that a snowstorm has disrupted travel at the hub through which the faucets will be shipped, so there is no way they will arrive by Tuesday. 
B)  The contract with the home-building company is important to win, as the plumbing supply firm is short on cash and needs the proceeds of the deal to pay off some pressing debts. 
C)  The home-building firm is notorious for finishing its units well after the scheduled date, so a delay in the faucets will not make that much difference. 
D)  The housing slowdown seems likely to go on in the firm's area, so it's probable that shipments will continue to come in a day early. 
E)  The customer representative and the head engineer for the home-building business play golf together regularly. 
A)  The representative knows that a snowstorm has disrupted travel at the hub through which the faucets will be shipped, so there is no way they will arrive by Tuesday. 
B)  The contract with the home-building company is important to win, as the plumbing supply firm is short on cash and needs the proceeds of the deal to pay off some pressing debts. 
C)  The home-building firm is notorious for finishing its units well after the scheduled date, so a delay in the faucets will not make that much difference. 
D)  The housing slowdown seems likely to go on in the firm's area, so it's probable that shipments will continue to come in a day early. 
E)  The customer representative and the head engineer for the home-building business play golf together regularly.

Most companies have policies that forbid buyers from accepting gifts from suppliers.

What is the purpose of a written code of ethics?

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

Describe the stakeholder model of social responsibility.

How do organizations exercise social responsibility toward customers?

How do issues of social responsibility and ethics affect small business?

IBP,a leading meat-processing firm,has a long record of breaking environmental protection,labor,and food processing laws and then trying to cover up its offenses.What type of stance has IBP adopted to social responsibility?

The Omega Group's mission statement conveys a primary commitment to compassionately improving the lives of elderly citizens.What is LEAST likely to be true of the company's ethical code?

How might this situation have been different in the event that MKD had initially adopted a proactive stance to social responsibility?

Which of the following,if true,tends to compromise the ethical standing of the CEO's position?

What is the term for an employee who detects and tries to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them?

If MKD were to adopt a written code of ethics,what would it include generally?

What is a social audit?

Wei-Yin runs a small,socially responsible business in which she sells her own watercolor paintings.Wei-Yin has a passion to help aspiring artists in her area achieve their dreams,but so far has assisted only a few of them.Which of the following would MOST likely be a reason for this?

Ethical standards relating to business practices are fairly consistent around the world.

Describe the three-step model for applying ethical judgments.

What must every corporation do in maintaining and reporting its financial status?

Which of the following,if true,undermines the customer representative's ethical position?

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters

Exam 2: Understanding Business Ethics and Social Responsibility

Most companies have policies that forbid buyers from accepting gifts from suppliers.

What is the purpose of a written code of ethics?

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

Describe the stakeholder model of social responsibility.

How do organizations exercise social responsibility toward customers?

How do issues of social responsibility and ethics affect small business?

IBP,a leading meat-processing firm,has a long record of breaking environmental protection,labor,and food processing laws and then trying to cover up its offenses.What type of stance has IBP adopted to social responsibility?

The Omega Group's mission statement conveys a primary commitment to compassionately improving the lives of elderly citizens.What is LEAST likely to be true of the company's ethical code?

How might this situation have been different in the event that MKD had initially adopted a proactive stance to social responsibility?

Which of the following,if true,tends to compromise the ethical standing of the CEO's position?

What is the term for an employee who detects and tries to put an end to a company's unethical,illegal,and/or socially irresponsible actions by publicizing them?

If MKD were to adopt a written code of ethics,what would it include generally?

What is a social audit?

Wei-Yin runs a small,socially responsible business in which she sells her own watercolor paintings.Wei-Yin has a passion to help aspiring artists in her area achieve their dreams,but so far has assisted only a few of them.Which of the following would MOST likely be a reason for this?

Ethical standards relating to business practices are fairly consistent around the world.

Describe the three-step model for applying ethical judgments.

What must every corporation do in maintaining and reporting its financial status?

Which of the following,if true,undermines the customer representative's ethical position?

The U.S.Business Environment

Entrepreneurship, New Ventures, and Business Ownership

Understanding the Global Context of Business

Managing the Business

Organizing the Business

Operations Management and Quality for Producing Goods and Services

Employee Behavior and Motivation

Leadership and Decision Making

Human Resource Management and Labor Relations

Marketing Processes and Consumer Behavior

Developing and Pricing Products

Distributing and Promoting Products

Information Technology (IT)for Business

The Role of Accountants and Accounting Information

Understanding Money and the Role of Banking

Managing Business Finances

Filters