Exam 3: Ethics and Social Responsibility

Shine Clean, a laundry detergent manufacturer, employs unskilled locals and trains them. It manufactures its detergent using organic products. It uses biodegradable packaging that is sourced locally, and disposes its wastes using environmentally friendly methods. It follows the advice of its research team and takes discretionary actions in the hopes of making things better in the future. Shine Clean is pursuing the _____ strategy of CSR.

An ethical dilemma is a situation that offers potential benefit or gain and that may also be considered unethical.

A common statement by a rationalizer is "It's in everyone's best interests." This response involves the mistaken belief that because someone can be found to benefit from the behavior, the behavior is also in the individual's or the organization's best interests.

What are instrumental and terminal values? Give examples of each.

The _____ view of ethical understanding and reasoning abilities considers ethical behavior to be that which delivers the greatest good to the greatest number of people.

Among the terminal values held important by managers are honesty, ambition, imagination, and self-discipline.

Ethics is defined as the _____ code of principles that sets standards of good or bad, or right or wrong, in one's conduct.

_____ is making sure day-to-day performance is achieved ethically and in socially responsible manner.

_____ is the active oversight of top management by a board of directors.