Exam 2: Business Ethics and Social Responsibility

Which of the following is not an element of the Nash test?

Most businesses today do not have a code of ethics.

An example of unethical behavior in the New York City and Boston marathon races was committed by:

Ethics are key to the success of economic systems.

​Pfizer,Inc.has issued a public statement that it would no longer sell the drug that it manufactures that is used for injection in convicted murderers in death penalty convictions.Pfizer has faced increasing pressure from shareholders about the drug.The drug is a profitable one.Whose interest is Pfizer serving?

The first question of the Blanchard/Peale model for resolving ethical dilemmas is whether the conduct is legal.

Anna Woodruff is the purchasing manager for Allied Transport.One of Allied suppliers has just had a Schwinn bicycle delivered to Anna as a gift.What should she do?

Jane Eyring works for PharmaMeds,Inc.Jane is a physician-scientist who is responsible for running the pilot tests on PharmaMed's new oral spray medication for individuals with adult onset diabetes.Jane has discovered that if those in the test group do not spray the medicine correctly or if they spray for too short of a time,the medicine is not effective,or as effective,and insulin shock has resulted in a few of the patients.Jane talks with one of her colleagues who responds,"Look,there's no need to stop the testing or the drug's release.Just tell them in the test and in the brochures that will be with the spray,'Spray correctly! If you do not,you may not receive your necessary dose.'" Jane is not sure anyone can be 100% accurate in spraying all the time.What risks does the company run if the spray doesn't work for the patients?

Warren Buffett follows the Front-Page-of-the-Newspaper test as a guide for his businesses.

Natural law and positive law are one and the same theories of moral standards.

The state troopers in one state have a motto,"Nine you're fine; ten you're mine," which is the standard that they use for pulling over speeders on the state highways.In other words,if the posted speed limit is 55 mph,drivers can drive at a rate up to 64 mph without fear of getting a ticket.Which of the following best describes the ethical culture in the state?

ABC,Inc.is the manufacturer of a line of bumper stickers and T-shirts that display the phrase "Sex,Drugs,and Rock & Roll." Evaluate the ethical posture of the firm.

Whether everyone else does it is one method for evaluating the ethics of a particular course of action.

The first question of the Wall Street Journal model is whether the conduct complies with the law.

During the 2002 Winter Olympics in Salt Lake City,one of the French judges on the judging panel for the pairs ice skating competition indicated that she felt pressure to vote for the Russian team,the team that was awarded the gold medal for the competition.She indicated that there would be a quid pro quo,that is,the Russian judge would then vote for the French team in the ice dancing competition.Following the award of the medal in the pairs competition,there was international outcry because the silver medal Canadian duo had skated flawlessly whereas the Russian team had several flaws in its performance.The International Olympic Committee (IOC)awarded a second gold medal to the Canadian team and launched an investigation and vowed to reform judging practices and rules.Discuss the ethical issues in this case and be sure to discuss why these types of deals among judges create problems.

Which of the following is not an ethical breach?

To obtain the protections and benefits of the sentencing guidelines,companies must have some form of anonymous reporting.

Which of the following is $\underline{\text{not}}$ a requirement of Sarbanes-Oxley?

Which country is perceived as the most corrupt country in the 2015 Corruption Perceptions Index?

Giving a false impression,although not actually an untruth,is still an ethical violation.