Exam 2: Business Ethics and Social Responsibility

A company that does not act responsibly toward its customers may lose their trust and ultimately their business.

________ are beliefs about what is right and wrong or good or bad.

An employee who discovers and tries to put an end to a company's unethical,illegal,or socially irresponsible actions by publicizing them is called ________.

Behavior that conforms to individual beliefs and social norms about what is right and good is referred to as ________.

________ refers to ethical or unethical behaviors by employees in the context of their jobs.

The number of companies adopting written codes of ethics has declined in the last 30 years.

Greenwashing is the use of advertising to project a green image while adopting substantive environmentally friendly changes.

The ethical norm of utility evaluates whether an act is relevant to the most beneficial party.

Social activism dedicated to protecting the rights of consumers in their dealings with businesses is called ________.

Describe the four ethical norms.

IBP,a leading meat-processing firm,has a long record of breaking environmental protection,labor,and food processing laws and then trying to cover up its offenses.IBP has adopted a(n)________ stance to social responsibility.

Sharp increases in the price of gasoline following September 11,2001,is an example of ________.

Identify at least two arguments against social responsibility as a business goal.

How has the downturn in the economy affected organizations such as the American Red Cross,the Salvation Army,and the United Way?

Martha Stewart and Samuel Waksal were accused of ________.

Ethical standards relating to business practices are fairly consistent around the world.

Firms that have adopted a(n)________ stance to social responsibility have little regard for ethical conduct and will generally go to great lengths to hide wrongdoing.

Which of the following occurs when someone uses confidential information to gain from the purchase or sale of stocks?

What are two of the most common approaches to formalizing top management commitment to ethical business practices?

According to analysts,who must take chief responsibility for educating employees about ethics?