Exam 2: Business Ethics and Social Responsibility

Zeno,Inc.is considering relocating its manufacturing facility from Illinois to Mexico City.The stakeholders in this decision might include:

Why should ethics be a concern to business?

The ethics checklist:

Grace needed to reduce her workforce by 35 people.Before notifying them,she thought about how she would feel if she were the one receiving the news,and she tried to find ways to help the employees in their transition.Grace was exemplifying the value of:

The ethics checklist provided in the textbook serves two purposes: it helps clarify the issues and it produces the one correct ans to an ethical dilemma.

Oxtron,Inc.arranged for two employees,Kaiya and Gary,to attend "The Business Ethics 2010 Conference: Maintaining Credibility" in New York City.Although Gary goes to New York,he does not participate in the conference.Instead,he takes in the local attractions.Kaiya fully participated in the conference.Use the ethics checklist to decide what Kaiya should do about Gary's failure to participate in the conference.

Oxtron,Inc.is considering establishing a program that actively encourages ethical behavior.What reasons would support Oxtron's adoption of an ethics program?

Research has shown that the least important motivation for managers in behaving ethically is:

The observation that "The one and only social responsibility of business is to increase profits" can be attributed to:

Don runs a construction company.He hires people to work on his projects and tells them they are all "independent contractors." Legally,they are not independent contractors since Don tells the workers when to come to work,how long to work,what days to work,what they are to do each day,and so forth.At the end of each week,Don pays his workers in cash rather than with a check.Also,he does not withhold any state,federal or local withholding tax (since he claims the workers are independent contractors).Which statement is correct?

Tianhui was recently hired as a sales representative by Oxtron,Inc.Before leaving on his first sales trip,a number of the other sales representatives take Tianhui aside and tell him that it is customary for the sales representatives to "pad" (increase)their expense reports each month by 20%.Use the ethics checklist to decide what Tianhui should do about the expense report he submits to Oxtron.

Li is the vice president of marketing for Felson,Inc.,a manufacturer of alcoholic beverages.One of Li's directors has suggested that a cartoon character be used to promote a new alcoholic beverage.Use the ethics checklist to decide whether Li should follow the director's suggestion.

Which of the following is NOT a question in the ethics checklist?

A company that engages in unethical behavior may suffer severe consequences.

Ethics is the study of how people should act.

Which of the following values are considered almost universal?

Unethical behavior is a bar to financial success.

E-presto,Inc.has established an EthicsLine.EthicsLine is a toll-free phone number that employees can call any time of the day,any day of the week to discuss ethics and report suspected unethical or improper conduct.Why would E-presto establish the EthicsLine?

The ethics checklist provided in the textbook was created by Supreme Court Justice Potter Stewart to aid business managers in finding solutions to difficult ethical problems.

Jeffrey Sachs,an economist and adviser to developing nations,has expressed concern that: