Exam 4: Business Ethics and Social Responsibility

Employees look to only their fellow employees to communicate policies and practices regarding ethical behavior.

In 1991,when it was discovered that cases of bottled water had been poisoned with benzene,Perrier executives:

All of the following are arguments in favor of social responsibility except:

Whistle-blower Cynthia Cooper advised students at Mississippi State University to:

The prospect of feeling bad if they did the same things should be enough to warn Bonita and Samuel that the activities of these employees are unethical.

Upper-level leaders should do all of the following to promote ethical policies in their organizations except:

Which of the following companies got into trouble when upper-level management purposely deceived shareholders with fraudulent financial statements?

In the 1990's,Nike was heavily criticized for its labor practices.Today the company works closely with agencies around the world to improve global working conditions.What stage of corporate responsibility has Nike progressed to?

Managers have a(n)_____ responsibility to owners to safeguard a company's assets and handle its funds in a trustworthy manner.

The executives at Martin Marietta got a large government contract because they refused to be involved in unethical behavior.

When McDonald's fast food/obesity link first got a lot of attention,McDonald's response was to eliminate the super-size option.

Fiduciary responsibility means that managers are responsible for safeguarding a company's assets and handling its funds in a trustworthy manner.

_____ can be defined as the principle of providing products today that don't compromise the ability of future generations to meet their needs.

Bonita and Samuel are concerned about some workplace activities on the part of four coworkers. One employee, for example, makes frequent personal long distance phone calls, and all four take home office supplies that they don’t replace. Because management hasn’t stopped them (and even seems to be turning a blind eye), other employees are beginning to think that such activities are quite acceptable. -If they find themselves pondering the same activities,Bonita and Samuel should ask themselves: "Is it unfair to some parties?"

Microsoft's former CEO and philanthropist Bill Gates intends to distribute more than $3 billion dollars to stop child abuse.

TheStreet.com's list of "The Five Dumbest Things on Wall Street This Week" once included the headline "Convicted CEO Getting $2.5 Million Salary While He Serves Time."

Pembroke Native Flower Seeds has a unique _____ or ways of doing things that evolve through shared values and beliefs.

Companies tainted by questionable ethics suffer from higher employee turnover than trustworthy firms.

Betty Vinson believed that her superiors at WorldCom would take full responsibility for the accounting fraud in which she participated.

Herb and Betty Cogwell are husband-and-wife owners of a regional chain of restaurants with 108 employees. Recently, one of their chefs discovered some spoiled produce that had been delivered by one of the company’s regular suppliers. The products were sent only to one restaurant and Herb and Betty weren’t aware of the problem until two customers became ill. Why hadn’t the chef reported the tainted food? He didn’t see any reason for implicating the supplier, and he thought that, with the proper preparation, he could avoid any problems with it. He was, of course, wrong. Subsequently, Kari, a waitress, overheard Herb and Betty discussing the problem and was ready to report them to the authorities if they didn’t take responsibility for their chef’s actions. -If Kari reports the owners to the health department because they refuse admit to disclose what happened,she'd be called a _____.