Exam 4: Business Ethics and Social Responsibility

Identify and briefly describe the four common rationalizations for justifying misconduct.

_____ percent of Americans surveyed think that breach of investor and employee trust represents an ongoing and long-standing pattern of deceptive behavior by U.S.corporate officials.

"How can I change my behavior so that I can move up a notch by ethical standards?" If you find that question hard to answer, perhaps you could rephrase it as _____

The federal government has set a minimum wage.

In planning a statement of core values and a code of ethics for his start?up company, Gordon McDonald realized that ethical organizational activities include all of the following _____.

In blatant disregard of their rights, Johns Manville made a deliberate, cold?blooded decision to do nothing to protect workers whose health was at risk.

Because Pleasant Valley Pet Products is known as a good corporate citizen, it is successful at:

Which of the following episodes made TheStreet.com's list of "The Five Dumbest Things on Wall Street for the Week"?

An example of a company known for responding appropriately to an ethical dilemma is _____.

Betty Vinson, an employee of the long-distance provider WorldCom, was put in jail for supporting her employer's fraudulent activities.

Which of the following is among the four consumer rights identified by President John F.Kennedy in 1962?

Martin Marietta serves as a good example of the principle of _____.

At Procter & Gamble, a worker-safety program measures all of the following _____.

By law, employers must provide workers' compensation.

The 2002 Sarbanes-Oxley Act protects whistle-blowers under federal law.

What is a code of conduct?

In 2002, a federal law known as the _____ Act was created to protect whistle-blowers.

TheStreet.com's list of "The Five Dumbest Things on Wall Street This Week" once included the headline "Convicted CEO Getting $2.5 Million Salary While He Serves Time."

Karen learns from a coworker at her pharmaceutical company that one of the firm's most profitable drugs will be pulled off the market.Before the news becomes public, she sells all of her stock in the company.This action is characterized as _____.

Managers have a(n) _____ responsibility to owners to safeguard a company's assets and handle its funds in a trustworthy manner.