Exam 4: Business Ethics and Social Responsibility

A benefit enjoyed by companies that recognize issues of social importance and address is the ability to attract and retain talented employees.

Karen learns from a coworker at her pharmaceutical company that one of the firm's most profitable drugs will be pulled off the market.Before the news becomes public,she sells all of her stock in the company.This action is best characterized as _____.

A company that consistently makes _____ magazine's list of the "100 Best Corporate Citizens" is typically regarded as an "ethical" company.

Generally speaking,in terms of ethics,the next generation entering business will find a world that's _____ than the one encountered by the previous generation.

The federal government has set a minimum wage.

Which of the following companies has adopted the attitude that "Nothing we do is worth getting hurt for"?

Because Black Diamond Mining Co.takes environmental action mainly to protect its brands and reputation and to reduce the risk of litigation,it's in the _____ stage of corporate responsibility

According to the law,people must be hired,evaluated,promoted,and rewarded on the basis of merit,not personal characteristics.

In many companies,_____ is a key motivator in maintaining ethical conduct in business dealings.

Because the conspiracy of fraud was brought to an end with Cynthia Cooper's intervention,WorldCom investor and employee losses were _____.

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. -The chef's mistake was in trying to rationalize the situation.Which of the following is not regarded as a common rationalization for workplace misconduct?

When asked what he looks for in a new hire,investment guru Warren Buffet placed integrity over intelligence.

WorldCom CEO Bernie Ebbers is in prison for siphoning off billions of dollars to support an extravagant lifestyle and bankrupting the company in the process.

A man newly hired at the same time as a woman will often get _____.

For years,clothing maker Patagonia has been in the forefront of efforts to protect the land.

Believe it or not,it's in the best interests of a company to operate unethically.

Which of the following criteria are not helpful in distinguishing a bribe from a gift?

Procter & Gamble uses a measure of worker safety called _____.

Among the consumer rights cited by President John F.Kennedy in 1962 is the right to safe products.

Cynthia Cooper's intervention at WorldCom resulted in investor and employee losses being less than they would have been had she not blown the whistle on her bosses.