Exam 4: Demanding Ethical and Socially Responsible Behavior

Corporate social responsibility describes the firm's

Due to the fact that American ethical standards are very clear-cut, international suppliers do not have difficulty adhering to them.

The purpose of a(n) ________ is to evaluate an organization's progress toward implementing programs that are socially responsible and responsive.

The International Organization for Standardization (ISO) plans to publish a standard on social responsibility called ISO 26000.

In a famous speech, former President John F. Kennedy proposed that businesses had four basic rights, and in his own words, he proclaimed that "each one of them leads us back to the right to keep the profits from one's business."

Recently, Bob was trying to choose among three mutual fund investments for his retirement account. As a socially conscious investor, he will prefer to invest in funds that hold the stocks of oil and coal companies, as opposed to wind-turbine and renewable energy companies.

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

A growing number of people feel that an employee's ethics are a personal matter, and have nothing to do with management.

Making businesspeople more accountable for company actions may help restore trust in the free-market system and leaders in general.

A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm's accounting records. This employee played the role of a

Identify the three questions that an ethics-based manager should ask when facing a potentially unethical action, and provide an example of a situation where you would use these questions to evaluate a decision.

You are in a business meeting at work that requires your group to make an ethical decision. Your willingness to post the final decision on the bulletin board in the break room for all to see passes the test: "How will it make me feel about myself?"

Effective corporate values start with employees and develop throughout the organization to include top management.

A recent study revealed that most Americans have

Surveys show that students are willing to agree to lower salaries if they know their employer is participating in socially responsible activities.

Studies show that consumers are not concerned about the socially conscious behavior of the firms with which they do business.

Defining a socially responsible company is complicated. Businesses differ from other businesses, as well as the people they serve, on what we mean by "socially responsible."

Although college graduates would prefer to work for socially responsible companies,

Following an ethics-based approach to decision making will normally lead to

The position a firm takes on issues that affect the corporation as well as society is known as its