Exam 2: Business Ethics and Social Responsibility

Which of the following is $\underline{\text{not}}$ necessarily a benefit of using ethics as a business strategy?

Business self-regulation has been effective in solving social problems.

​Charles Jordan often texts while he is driving.There is no law in his state that specifically addresses texting while driving.There is a statute that prohibits drivers from engaging in "distracting behavior." Charles says the following,"I am not distracted by texting because I can do more than one thing at a time.Also,the word is not defined very well.I don't think texting is a form of distracted driving.Changing the radio is more distracting.Besides,almost everyone texts while driving." Charles thoughts on his behavior:

A company that self-reports a legal violation risks a higher penalty.

President Obama said in a number of speeches advocating his health care plan,"If you like your health care plan,you can keep your health care plan,period." After the law was passed and as its provisions took effect,about 5 million Americans had their policies canceled because the policies no longer met federal minimum standards for coverage.A provision in the law required insurers to cancel any policies that did not meet those federal standards.Which of the following categories does the President's statement fall into?

Which of the following ethical models incorporates conscience into the decision-making process?

Which of the following actions would be permitted under the Friedman philosophy of business involvement in social issues?

"That's the way it has always been done," is a phrase that often signals ethical difficulties.

​Under the Transparency International Survey for 2015,which country is the most corrupt country in the world?

"I was just following orders," is a defense in law and a test for ethical behavior.

A manager at a chemical weapons plant discovered that toxic by-products from chemical manufacturing at the plant are simply put in barrels and stacked near the boundary lines of the plant property.Children in the homes near these boundaries have an unusually high rate of kidney disease.The manager does not want to disclose the barrels' contents because he will lose his job and the town will lose its major employer.Which of the following ethical tests would support the manager's decision?

A code of ethics is an individual firm's behavior standard for employees.

The Corruptions Perceptions Index compiled by Transparency International:

Which of the two following groupings of ethical thought would you describe as opposites?

Which of the following models has a question that requires analysis of the effect of a decision on stakeholders?

Business ethics is the application of standards for moral reasoning to business dilemmas.

"Everybody else does it" is a valid test for determining whether conduct is ethical.

A relativist asks why someone is engaged in unethical or illegal conduct before determining whether the conduct is right or wrong.

Unethical behavior is not necessarily illegal behavior.

The regulatory cycle provides an opportunity for self-regulation during the latency stage.