Exam 4: Ethics and Social Responsibility

Josiah is comfortable with his decision he made at work and would have no problem with people reading about it on the front page of a morning paper. This indicates that he is following the practical rule of ethics.

The practical rule states that an ethical decision is one that

Is the issue of ethics different for nonprofits than for-profit companies? Why or why not? Give specific examples in your answer.

When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting a(n)________ approach to social responsibility.

A website offered free streaming and downloading of movies, games, and music. It was eventually shut down by the courts. Websites like these demonstrate that the pursuit of self-interest can lead to a(n)________, a collective disaster when one or more people start to profit from being unethical because this encourages other people to act in the same way.

A(n)________ is a manager responsible for communicating and teaching ethical standards to all employees and monitoring their conformity to those standards.

David is trying to provide a visible means of support to develop an ethical culture in his company. He can do so by creating

Which type of commitment to social responsibility is characterized by low levels of socially responsible behavior?

People typically confront ethical issues when weighing their personal interests against the effects of their actions on others.

Emmanuel and his human resources team have adapted several existing company policies. Because he is unsure if all these policies can be implemented on ethical grounds, his team would best approach a(n)________ to resolve the matter.

An ethical dilemma for managers is that decisions that will protect the rights of some stakeholders often will hurt the rights of others. This most closely relates to the ________ rule of ethical decision making.

________ is the esteem or high repute that individuals or organizations gain when they behave ethically.

Tax reform legislation signed into law by President Trump in late 2017 included a new 21% excise tax on ________ for salaries over $1 million.

________ is a person's confidence and faith in another person's goodwill.

________ ethics are the guiding practices and beliefs through which a particular firm and its managers view their responsibilities to stakeholders.

When all companies and their managers in a society behave in a socially responsible way, business increases, quality of life increases, and

What is true of organizational ethics?

Managers at Carpets and Flooring prevented employees from selling the company shares in their pension funds while the managers sold millions of dollars' worth of their own Carpets and Flooring stock. This illustrates the ________ approach to social responsibility.

Under the practical rule, for a business decision to be ethical, a manager would NOT be reluctant to communicate the decision to people outside the company when

What approach to social responsibility is characterized by the highest level of social responsibility?