Exam 4: Demanding Ethical and Socially Responsible Behavior

Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity toward the environment.

Colin is a recent hire at Bender's Book Stop. On his first day in his new job, his store manager handed him a small booklet consisting of company rules. He was asked to read it and sign and submit the last page, before starting his work. Among other things, the rules explicitly discussed punishments for grievous behavior and firing if the firm could prove that the employee was stealing product from the store. This booklet represented the ________ of the store.

Relationships between businesses and among nations

The difference between an organization's positive social contributions and its negative social impacts is called their

With respect to business ethics, it can be said "it takes two to tango." This indicates that

Opponents of corporate social responsibility argue that when companies use their profits to promote social causes, they are not being fair to investors who provided the funds for the purpose of financial gain.

A large amount of retail theft is committed by employees; therefore, Suit Up, Inc., requires that managers personally unlock fitting rooms and count the number of items taken to the fitting rooms by not just customers but sales associates too. This policy is written in the company manual and breaking with the policy is grounds for dismissal. It is correct to say that this is part of Suit Up's compliance-based ethics.

People who report illegal or unethical behavior are called whistleblowers.

While speaking with your sales team, your manager explains, "Anyone caught breaking a sales law will be fired." After reading about business ethics, you quickly identify this remark as a reference to the firm's ________ ethics.

Establishing a formal code of ethics is

As a response to various scandals, the federal government now requires social audits of all U.S. businesses.

When managers disregard the company's ethical concerns, the likely result is

Game Guys, Inc., is interested in keeping employees, customers, and the general public aware of the activities and programs it has accomplished within the community this past year. The company might consider performing a

An ethical dilemma refers to a situation where you must

A social audit measures a firm's progress in the area of worker-management relations.

The majority of CEOs blame unethical employee conduct on

A business that takes a public position on a political issue that affects the welfare of society is exercising corporate social responsibility.

On which of the three ethics check questions would Megan primarily focus?

A(n) ________-based ethics code defines corporate values, creates a supportive environment, and stresses shared accountability among employees.

One good reason for managing a business ethically is to help reduce employee turnover.