Exam 4: Ethics and Social Responsibility

________ is your company views on its duty or obligation to make decisions that protect, enhance, and promote the welfare and well-being of stakeholders and society as a whole.

The practical rule of ethical decision making

Which country is known for being one of the most ethical countries in the world?

What tends to happen in countries where organizations are highly socially responsible?

________ ethics are standards that determine how people view their responsibilities to others and how they should act in situations when their own self-interest is at stake.

Shia makes some changes in the production process to ensure employees can perform tasks without endangering their health and safety. Shia is employing the moral rights rule to

It is the responsibility of the ________ to determine if a CEO has the experience and integrity needed to head a company and be entrusted with the capital and wealth of the organization.

________ can provide guidance when organization members are uncertain about whether an action is ethical.

________ have/has the right to expect a good return or reward by investing their human capital to improve a company's performance.

The ________ approach to social responsibility is most likely to be taken by a typical large U.S. company.

Suppose you are an accountant for a large publicly traded company. You discover an error in the financial records that makes the company look more profitable. Your manager tells you to correct the error and reissue a financial statement for the stockholders. Which of the four ethical rules did the manager apply to this situation? Explain the reason for your answer.

After a lengthy investigation, Legrand lost his license to practice law on charges of accepting bribes. Most likely, Legrand violated his ________ ethics.

The town in which a large dog food company has its headquarters is referred to as

Label each scenario as one of the four main sources of managerial ethics. A. Paulo lives in a country that prizes its internalized norms of fairness and justice for its citizens. B. Ralph is a physician who is a member of the American Medical Association. He scrupulously follows its code of ethics and standards for behavior. C. Sophia believes that when she is at work, she needs to spend her time on company matters. When her daughter's teacher called to discuss her daughter's grades during work hours, she asked if it would be possible to wait until after work. D. Rhonda struggles with the fact that her company does animal testing on its products because she believes that it is inhumane.

________ watch the company and its managers closely to ensure that management is working diligently to increase the company's profitability.

Describe at least three negative results that occur when a company makes unethical decisions and managers lead the company with unethical behavior. Provide an example of a company that showed unethical behavior.

When faced with an ethical dilemma as a manager, Sanjay tries to reflect on his upbringing to decide between right and wrong. Sanjay is reflecting on ________ ethics.

The individual ethics of a company's ________ are especially important in shaping the organizational code of ethics.

Stockholders are the group that bears the responsibility to decide which goals an organization should pursue to most benefit stakeholders.

Explain how an organization affects the prosperity of a local community. Do local organizations have a responsibility to contribute to local community organizations?