Exam 4: Business Ethics and Social Responsibility

Because New Horizons' image and reputation are at stake, all employees should realize that it's the major activities and interactions, and not the trivial, day-to-day gestures that build character among an organization's members.

Thinking that "My behavior isn't really illegal or immoral" is one of the four common rationalizations for justifying misconduct.

Ethics refers to _____.

In the compliant stage of corporate social responsibility, a company admits that, because the problem won't go away, it must take responsibility and action for practical long-term solutions.

An organization's culture is strongly influenced by its _____, who inform members what's considered acceptable behavior and what happens if it's violated.

Because Black Diamond Mining Co.takes environmental action mainly to protect its brands and reputation and to reduce the risk of litigation, it's in the _____ stage of corporate responsibility

Which of the following items is directly related to the problem of dealing with ethical issues?

Neal works for a company with a contract to cater events for a community college while his uncle Daniel owns a bakery which also caters locally.The potential ethical issue that he's facing is characterized as a matter of _____.

Whistle-blower Cynthia Cooper advised students at Mississippi State University to:

Fiduciary responsibility means that managers are responsible for safeguarding a company's assets and handling its funds in a trustworthy manner.

When you say to yourself, "I know I lied to make the deal, but it'll bring in a lot of business and pay a lot of bills," which of the four common rationalizations for misconduct are you using?

Which of the following statements about business ethics is false?

The federal minimum wage is set by the _____.

After the 1982 tampering incident, Johnson & Johnson reintroduced Tylenol in tamper-resistant bottles and restored the Tylenol brand to its previous market position.

Which of the following companies got into trouble when upper-level management purposely deceived shareholders with fraudulent financial statements?

When Betty Vinson made her first accounting adjustment to boost WorldCom's income, she didn't believe she was doing anything unethical because she was merely following orders from her boss.

The executives at Martin Marietta got a large government contract because they refused to be involved in unethical behavior.

When you ask yourself the question, "If I didn't get caught, did I really do it?" which of the four common rationalizations for misconduct are you using?

Management should train everyone to be honest not only with customers, but with management, coworkers, competitors, and the public as well.

When companies find that responding to public needs gives them a competitive edge and enhances long-term success, they have moved to which stage of corporate responsibility?