Exam 4: Business Ethics and Social Responsibility

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. -Of all the people involved in this business,who most needs ethics counseling?

By law,employers must provide workers' compensation.

All of the following influence the ethics of a business except _____.

If you're on the receiving end,it's ethical behavior to refuse any item that's overly generous or given for the purpose of influencing a business decision.

If a manager makes a decision that financially benefits the manager but harms the company,this is an ethical issue related to _____.

J.C.Penney's _____ states that employees cannot accept any cash gifts or any noncash gifts except those which have a value below $50.

Which of the following is a rationalization for misconduct in the workplace?

According to its "Statement of Purpose," _____ exists as a business to inspire and implement solutions to the environmental crisis.

Which of the following is an example of an unethical dilemma?

Volkswagen was caught cheating the public by using previously used parts in the manufacture of their cars.

Martin Marietta serves as a good example of the principle of _____.

Master investor Warren Buffet once admitted that "I cannot tell you that _____ is the best policy {but it is a good policy}."

When companies give employees time off to do volunteer work,which stakeholders are they being responsible to?

Which of the following episodes made TheStreet.com's list of "The Five Dumbest Things on Wall Street for the Week"?

Lucretia finds herself caught between loyalty to her employer on the one hand and loyalty to a friend who works in her office on the other.The potential ethical issue that she's facing is best characterized as a matter of _____.

Criticism of McDonald's food choices did not upset its customers who believed that it was up to them to set limits on what and how much they ate.

Management should train everyone to be honest not only with customers,but with management,coworkers,competitors,and the public as well.

If you work for a company that expects you to deceive customers about the quality of your product,you should:

Because it occurs naturally,deforestation through burning is not a major source of air pollution.

In balancing its responsibilities toward all stakeholders when making legal,economic,ethical,and social decisions,Condare Upholstery Supply Inc.takes an approach to organizational activities called _____.