Exam 3: Ethics and Social Responsibility

When the wife of Mark Whitacre, who was involved in illegal activities at Archer Daniels Midland (ADM), threatened to divorce him if he did not end his involvement with the price fixing, she demonstrated an example of ________.

When Gary Erickson, the founder of Clif Bar, Inc., was about to accept an offer of $120 million for the company, he changed his mind because ________.

A company's track record of legal compliance can be used to evaluate a company's ethical conduct.

Which of the following ethical issues should be of the LEAST concern to a business?

Unethical behavior is defined as behavior that does not conform to a set of approved standards of ________ behavior.

Which of the following is not an environmentally based corporate social responsibility issue?

The responsibility of cultivating a company's ethics MOST often rests on ________.

Situational ethics was considered very controversial when it was established by Joseph Fletcher because it challenged the idea that ________.

When a community gives Wal-Mart subsidies to attract them to the area and then the workers are paid so poorly that they have to apply for public assistance, this is an example of the failure of which of the pillars of corporate social responsibility?

Socially responsible investing (SRI)is defined as investing only in companies that have met a certain standard of ________.

Corporate social responsibility can be defined as a company's obligation to ________.

How do companies conduct a social audit?

Educating the local workforce is part of a thorough corporate social responsibility commitment.

What are the benefits to a company of paying attention to corporate social responsibility?

When a magazine refuses to accept advertisements featuring "size zero" models on the grounds that it could encourage eating disorders in young women, this is an example of paying attention to which pillar of corporate social responsibility?

United States companies that locate their operations in less developed parts of the world are required to enforce U.S. standards regarding child labor, pollution, fair wages, and human rights.

What are some of the ethical issues global businesses face, and what strategies can help them address those issues?

When companies apply "green," ecologically friendly technologies, customers may see the value in these choices and go green themselves.

If you are developing your own personal ethical system, which of the following would NOT be appropriate to include in your evaluation?

Which is an example of using social networking to foster corporate social responsibility?