Question 1

One thing that it is important to remember about stockholders is they

Accepted Answer

A) are usually regarded as the most critical stakeholder group. 
B) are least interested in the company's profits. 
C) bear the responsibility to decide which goals an organization should pursue to most benefit stakeholders and how to make the most efficient use of resources to achieve those goals. 
D) are responsible for using a company's financial, capital, and human resources to increase its performance and thus its stock price. 
E) play an important role, but are not the company's only stakeholder group. 
A) are usually regarded as the most critical stakeholder group. 
B) are least interested in the company's profits. 
C) bear the responsibility to decide which goals an organization should pursue to most benefit stakeholders and how to make the most efficient use of resources to achieve those goals. 
D) are responsible for using a company's financial, capital, and human resources to increase its performance and thus its stock price. 
E) play an important role, but are not the company's only stakeholder group.

Question 2

"Do unto others as you would have them do unto you," is an example of the ________ principle.

Accepted Answer

A) utilitarian 
B) moral rights 
C) justice 
D) practical 
E) fundamental 
A) utilitarian 
B) moral rights 
C) justice 
D) practical 
E) fundamental

Question 3

Describe why employees and managers choose to act unethically instead of following the company's code of ethics. Who is most likely to act unethically in a company?

Accepted Answer

Managers or workers may behave unethical

Question 4

Managers are being socially responsible and showing support for their stakeholders when they

Accepted Answer

A) stop laying employees off. 
B) move a factory to a new location if it is polluting the environment. 
C) invest in countries that have poor human rights records. 
D) decline to help countries develop an economic base if they have poor living standards. 
E) allow employees to take time off when they need it. 
A) stop laying employees off. 
B) move a factory to a new location if it is polluting the environment. 
C) invest in countries that have poor human rights records. 
D) decline to help countries develop an economic base if they have poor living standards. 
E) allow employees to take time off when they need it.

Question 5

________ are frequently in the position of having to juggle the interests of different stakeholders, including themselves.

Accepted Answer

A) Stockholders 
B) Customers 
C) Contractors 
D) Managers 
E) Suppliers 
A) Stockholders 
B) Customers 
C) Contractors 
D) Managers 
E) Suppliers

Question 6

Think about the school system you attended. Give specific examples of each of the six types of stakeholders that existed in that school system.

Accepted Answer

The major types of stakeholders are empl

Question 7

________ are the stakeholder group with the most responsibility for deciding the goals of the organization.

Accepted Answer

A) Stockholders 
B) Customers 
C) Managers 
D) Operational-level employees 
E) Consultants 
A) Stockholders 
B) Customers 
C) Managers 
D) Operational-level employees 
E) Consultants

Question 8

Brenda, the CEO of a manufacturing company, knew that her company followed the Environmental Protection Agency's (EPA)regulations for purifying waste water; however, new research found that those regulations where not strict enough and the drinking water would be affected. Brenda relied on her ________ and told the plant manager to go beyond the EPA's required level to assure that the company waste did not affect the community.

Accepted Answer

A) moral scruples 
B) occupational ethics 
C) practical rules 
D) environmental principles 
E) social justice views 
A) moral scruples 
B) occupational ethics 
C) practical rules 
D) environmental principles 
E) social justice views

Question 9

The managers of Lehman Brothers, whose bankruptcy helped propel the 2008-2009 financial crisis, used loopholes in U.K. law to hide billions of dollars of worthless assets in its balance sheet to disguise its poor financial condition. This example illustrates the ________ approach to social responsibility.

Accepted Answer

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

Question 10

When one person starts to profit by behaving unethically, it encourages other people to act in the same way.

Accepted Answer

A) True 
 B)False

Question 11

Under the ________ rule, an ethical decision is one that best maintains people's fundamental privileges.

Accepted Answer

A) justice 
B) moral rights 
C) utilitarian 
D) practical 
E) moral scruples 
A) justice 
B) moral rights 
C) utilitarian 
D) practical 
E) moral scruples

Question 12

Using the four approaches to how to be socially responsible, provide an example of a real company to differentiate among them.

Accepted Answer

1. The obstructionist approach is one in

Question 13

Define ethical dilemma, moral scruples, and ethics, and explain how they are related. Give a real-life example for each of these terms.

Accepted Answer

An ethical dilemma is the quandary peopl

Question 14

The board and top managers of a nonprofit organization have considerable latitude to decide how they will spend the organization's resources because

Accepted Answer

A) they are a private foundation. 
B) the organization does not have shareholders. 
C) they are typically small organizations. 
D) they receive contributions and government grants. 
E) all monies earned are pumped back into the business. 
A) they are a private foundation. 
B) the organization does not have shareholders. 
C) they are typically small organizations. 
D) they receive contributions and government grants. 
E) all monies earned are pumped back into the business.

Question 15

Your employee who does the purchasing for a chain of hair salons you own has suggested buying a cheaper hair-coloring product that contains harmful chemicals. Is this a legal issue or an ethical one? Explain how ethical and legal issues are related when making business decisions.

Accepted Answer

Neither laws nor ethics are fixed princi

Question 16

Smoking marijuana is illegal in many states; therefore, smoking marijuana is

Accepted Answer

A) unethical. 
B) ethical. 
C) possibly unethical or ethical, depending on the circumstances. 
D) always ethical when used for medical purposes, whether it is legal or not. 
E) always unethical when used for medical purposes, whether it is legal or not. 
A) unethical. 
B) ethical. 
C) possibly unethical or ethical, depending on the circumstances. 
D) always ethical when used for medical purposes, whether it is legal or not. 
E) always unethical when used for medical purposes, whether it is legal or not.

Question 17

Maria is a member of a trade group that has a code of ethics, otherwise known as organizational ethics, for its members to follow.

Accepted Answer

A) True 
 B)False

Question 18

Jackie's work computer was not working properly, so without permission, Jackie used her coworker's computer to complete some administrative tasks. While she was logged into the coworker's computer, Jackie noticed that her coworker was using the computer for personal use to get emails, download files, and visit social media sites. Jackie wants to warn her coworker about the strict rule in the department that employees cannot use company computers for personal use, but she is hesitant to say something. Explain how this situation is an ethical dilemma for Jackie.

Accepted Answer

An ethical dilemma is the quandary peopl

Question 19

According to the ________ approach to social responsibility, companies and their managers behave legally and ethically and try to balance the interests of different stakeholders as the need arises.

Accepted Answer

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

Question 20

Jonathon is a(n)________, meaning he is both an employee of the company and a customer of its products.

Accepted Answer

A) stockholder 
B) shareholder 
C) stakeholder 
D) owner 
E) community member 
A) stockholder 
B) shareholder 
C) stakeholder 
D) owner 
E) community member

One thing that it is important to remember about stockholders is they

"Do unto others as you would have them do unto you," is an example of the ________ principle.

Describe why employees and managers choose to act unethically instead of following the company's code of ethics. Who is most likely to act unethically in a company?

Managers are being socially responsible and showing support for their stakeholders when they

________ are frequently in the position of having to juggle the interests of different stakeholders, including themselves.

Think about the school system you attended. Give specific examples of each of the six types of stakeholders that existed in that school system.

________ are the stakeholder group with the most responsibility for deciding the goals of the organization.

When one person starts to profit by behaving unethically, it encourages other people to act in the same way.

Under the ________ rule, an ethical decision is one that best maintains people's fundamental privileges.

Using the four approaches to how to be socially responsible, provide an example of a real company to differentiate among them.

Define ethical dilemma, moral scruples, and ethics, and explain how they are related. Give a real-life example for each of these terms.

The board and top managers of a nonprofit organization have considerable latitude to decide how they will spend the organization's resources because

Your employee who does the purchasing for a chain of hair salons you own has suggested buying a cheaper hair-coloring product that contains harmful chemicals. Is this a legal issue or an ethical one? Explain how ethical and legal issues are related when making business decisions.

Smoking marijuana is illegal in many states; therefore, smoking marijuana is

Maria is a member of a trade group that has a code of ethics, otherwise known as organizational ethics, for its members to follow.

According to the ________ approach to social responsibility, companies and their managers behave legally and ethically and try to balance the interests of different stakeholders as the need arises.

Jonathon is a(n)________, meaning he is both an employee of the company and a customer of its products.

Managers and Managing

The Evolution of Management Thought

Values Attitudes, Emotions, and Culture: the Manager As a Person

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

The Manager As a Planner and Strategist

Value Chain Management Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Using Advanced Information Technology to Increase Performance

Filters

Exam 4: Ethics and Social Responsibility

One thing that it is important to remember about stockholders is they

"Do unto others as you would have them do unto you," is an example of the ________ principle.

Describe why employees and managers choose to act unethically instead of following the company's code of ethics. Who is most likely to act unethically in a company?

Managers are being socially responsible and showing support for their stakeholders when they

________ are frequently in the position of having to juggle the interests of different stakeholders, including themselves.

Think about the school system you attended. Give specific examples of each of the six types of stakeholders that existed in that school system.

________ are the stakeholder group with the most responsibility for deciding the goals of the organization.

When one person starts to profit by behaving unethically, it encourages other people to act in the same way.

Under the ________ rule, an ethical decision is one that best maintains people's fundamental privileges.

Using the four approaches to how to be socially responsible, provide an example of a real company to differentiate among them.

Define ethical dilemma, moral scruples, and ethics, and explain how they are related. Give a real-life example for each of these terms.

The board and top managers of a nonprofit organization have considerable latitude to decide how they will spend the organization's resources because

Your employee who does the purchasing for a chain of hair salons you own has suggested buying a cheaper hair-coloring product that contains harmful chemicals. Is this a legal issue or an ethical one? Explain how ethical and legal issues are related when making business decisions.

Smoking marijuana is illegal in many states; therefore, smoking marijuana is

Maria is a member of a trade group that has a code of ethics, otherwise known as organizational ethics, for its members to follow.

According to the ________ approach to social responsibility, companies and their managers behave legally and ethically and try to balance the interests of different stakeholders as the need arises.

Jonathon is a(n)________, meaning he is both an employee of the company and a customer of its products.

Managers and Managing

The Evolution of Management Thought

Values Attitudes, Emotions, and Culture: the Manager As a Person

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making, Learning, Creativity, and Entrepreneurship

The Manager As a Planner and Strategist

Value Chain Management Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict, Politics, and Negotiation

Using Advanced Information Technology to Increase Performance

Filters