Question 1

The Sarbanes-Oxley Act of 2002 was passed in order to:

Accepted Answer

A)  control pollution and protect the environment in the long-term. 
B)  increase taxation levels for companies doing business abroad. 
C)  eliminate the practice of bribery. 
D)  control the manipulation of accounts by the top management in firms. 
A)  control pollution and protect the environment in the long-term. 
B)  increase taxation levels for companies doing business abroad. 
C)  eliminate the practice of bribery. 
D)  control the manipulation of accounts by the top management in firms. D

Question 2

Which of the following is true of virtue ethics?

Accepted Answer

A)  It claims that morality's primary function is to develop virtuous character. 
B)  It claims that profitability is the fundamental virtue for every organization. 
C)  It claims that an organization's morality is defined by its members. 
D)  It claims that a virtuous organization is always a successful one. 
A)  It claims that morality's primary function is to develop virtuous character. 
B)  It claims that profitability is the fundamental virtue for every organization. 
C)  It claims that an organization's morality is defined by its members. 
D)  It claims that a virtuous organization is always a successful one. A

Question 3

_____ responsibilities refer to a business's duty to make a profit and increase shareholder value.

Accepted Answer

A)  Ethical 
B)  Judicial 
C)  Economic 
D)  Social 
A)  Ethical 
B)  Judicial 
C)  Economic 
D)  Social C

Question 4

Companies that engage in CSR are likely to witness enhanced costs in the value chain.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is most likely to be a reason why CSR improves a firm's profit margins?

Accepted Answer

A)  CSR reduces negativity within an organization and improves employee productivity. 
B)  Investment in CSR leads to an increase in stock prices due to increased liquidity. 
C)  Investment in CSR is viewed positively by customers positively and they make purchases based on this. 
D)  CSR increases the investment that a society is likely to make in an organization. 
A)  CSR reduces negativity within an organization and improves employee productivity. 
B)  Investment in CSR leads to an increase in stock prices due to increased liquidity. 
C)  Investment in CSR is viewed positively by customers positively and they make purchases based on this. 
D)  CSR increases the investment that a society is likely to make in an organization.

Question 6

_____ justice helps countries set up rules through political legislation and enforce the rules fairly through court systems.

Accepted Answer

A)  Restorative 
B)  Economic 
C)  Distributive 
D)  Procedural 
A)  Restorative 
B)  Economic 
C)  Distributive 
D)  Procedural

Question 7

Describe the link between a firm's overall performance and corporate social responsibility.

Accepted Answer

A firm's overall performance and corpora

Question 8

Jim,a programing expert at CL Corp. ,creates a new software program.However,before he could reveal his program,he receives an attractive employment offer from a rival company.Jim resigns from CL Corp.and accepts the rival company's offer,and he mentions about the new software to them.In this scenario,Jim is:

Accepted Answer

A)  engaging in a conflict of interest 
B)  revealing a trade secret 
C)  competing fairly in the open market 
D)  violating employee privacy 
A)  engaging in a conflict of interest 
B)  revealing a trade secret 
C)  competing fairly in the open market 
D)  violating employee privacy

Question 9

Virtue ethics claims that morality's primary function is to develop virtuous character,similar to the way people develop skills such as creativity and conflict management.

Accepted Answer

A) True 
 B)False

Question 10

Someone who has been entrusted to make decisions on behalf of another party is called a ____.

Accepted Answer

A)  mentor 
B)  principal 
C)  fiduciary 
D)  subordinate 
A)  mentor 
B)  principal 
C)  fiduciary 
D)  subordinate

Question 11

Kantianism is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,or utility,for the greatest number of people.

Accepted Answer

A) True 
 B)False

Question 12

Corporate social responsibility activities that are directly related to business activities so that they can combine social welfare with financial welfare are known as _____.

Accepted Answer

A)  accountable CSR 
B)  strategic CSR 
C)  inventive CSR 
D)  ethical CSR 
A)  accountable CSR 
B)  strategic CSR 
C)  inventive CSR 
D)  ethical CSR

Question 13

Maynard Inc. ,a construction company,planned to set-up operations in a foreign country.However,due to bureaucracy problems and paperwork delays in the local government offices,the company was unable to begin operations.The company distributed gifts and holiday vouchers to officials present in the local offices in order to speed up the paperwork.In this scenario,Maynard Inc.is:

Accepted Answer

A)  engaged in bid-rigging. 
B)  engaged in whistle-blowing. 
C)  engaged in bribery. 
D)  engaged in moral discrimination. 
A)  engaged in bid-rigging. 
B)  engaged in whistle-blowing. 
C)  engaged in bribery. 
D)  engaged in moral discrimination.

Question 14

In business,members of a partnership are fiduciaries for one another.

Accepted Answer

A) True 
 B)False

Question 15

A whistle-blower usually reports a problem with the firm because:

Accepted Answer

A)  they believe the firm will lose profits. 
B)  they believe it is their ethical duty to report the problem. 
C)  the firm needs to be more socially responsible. 
D)  they will receive extra compensation from the government. 
A)  they believe the firm will lose profits. 
B)  they believe it is their ethical duty to report the problem. 
C)  the firm needs to be more socially responsible. 
D)  they will receive extra compensation from the government.

Question 16

Milton Friedman believed that a firm's exclusive duty is to:

Accepted Answer

A)  maximize its profits within the law. 
B)  implement CSR practices to be consumer friendly. 
C)  implement CSR practices to maximize profits. 
D)  use CSR to develop socialism 
A)  maximize its profits within the law. 
B)  implement CSR practices to be consumer friendly. 
C)  implement CSR practices to maximize profits. 
D)  use CSR to develop socialism

Question 17

_____ is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,for the greatest number of people.

Accepted Answer

A)  Consumerism 
B)  Totalitarianism 
C)  Utilitarianism 
D)  Kantianism 
A)  Consumerism 
B)  Totalitarianism 
C)  Utilitarianism 
D)  Kantianism

Question 18

Which of the following best describes distributive justice?

Accepted Answer

A)  It is a subset of justice that deals with treatment of people within a society,an institution,or a state. 
B)  It is a subset of justice that deals with implementation of rules and regulations in and organization. 
C)  It is a subset of justice that deals with the circulation of wealth among members of a society. 
D)  It is a subset of justice claiming that rules should be clearly stated,consistently obeyed,and impartially enforced. 
A)  It is a subset of justice that deals with treatment of people within a society,an institution,or a state. 
B)  It is a subset of justice that deals with implementation of rules and regulations in and organization. 
C)  It is a subset of justice that deals with the circulation of wealth among members of a society. 
D)  It is a subset of justice claiming that rules should be clearly stated,consistently obeyed,and impartially enforced.

Question 19

Define the term fiduciary and explain the responsibilities of a fiduciary.

Accepted Answer

A fiduciary is defined as an individual

Question 20

Which of the following is an argument that supports the negative link between CSR and profit margins?

Accepted Answer

A)  CSR provides fixed profits but requires substantial increase in subsequent yearly investments. 
B)  CSR creates a fixed long-term investment without any predictable long-term profits. 
C)  CSR dilutes the company's image in society,which leads to reduced sales. 
D)  Profits made from CSR investments are only distributed among the top-management of a firm. 
A)  CSR provides fixed profits but requires substantial increase in subsequent yearly investments. 
B)  CSR creates a fixed long-term investment without any predictable long-term profits. 
C)  CSR dilutes the company's image in society,which leads to reduced sales. 
D)  Profits made from CSR investments are only distributed among the top-management of a firm.

The Sarbanes-Oxley Act of 2002 was passed in order to:

Which of the following is true of virtue ethics?

_____ responsibilities refer to a business's duty to make a profit and increase shareholder value.

Companies that engage in CSR are likely to witness enhanced costs in the value chain.

Which of the following is most likely to be a reason why CSR improves a firm's profit margins?

_____ justice helps countries set up rules through political legislation and enforce the rules fairly through court systems.

Describe the link between a firm's overall performance and corporate social responsibility.

Virtue ethics claims that morality's primary function is to develop virtuous character,similar to the way people develop skills such as creativity and conflict management.

Someone who has been entrusted to make decisions on behalf of another party is called a ____.

Kantianism is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,or utility,for the greatest number of people.

Corporate social responsibility activities that are directly related to business activities so that they can combine social welfare with financial welfare are known as _____.

In business,members of a partnership are fiduciaries for one another.

A whistle-blower usually reports a problem with the firm because:

Milton Friedman believed that a firm's exclusive duty is to:

_____ is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,for the greatest number of people.

Which of the following best describes distributive justice?

Define the term fiduciary and explain the responsibilities of a fiduciary.

Which of the following is an argument that supports the negative link between CSR and profit margins?

Introduction to Management

The Global Business Environment

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters

Exam 3: Ethics and Corporate Social Responsibility

The Sarbanes-Oxley Act of 2002 was passed in order to:

Which of the following is true of virtue ethics?

_____ responsibilities refer to a business's duty to make a profit and increase shareholder value.

Companies that engage in CSR are likely to witness enhanced costs in the value chain.

Which of the following is most likely to be a reason why CSR improves a firm's profit margins?

_____ justice helps countries set up rules through political legislation and enforce the rules fairly through court systems.

Describe the link between a firm's overall performance and corporate social responsibility.

Virtue ethics claims that morality's primary function is to develop virtuous character,similar to the way people develop skills such as creativity and conflict management.

Someone who has been entrusted to make decisions on behalf of another party is called a ____.

Kantianism is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,or utility,for the greatest number of people.

Corporate social responsibility activities that are directly related to business activities so that they can combine social welfare with financial welfare are known as _____.

In business,members of a partnership are fiduciaries for one another.

A whistle-blower usually reports a problem with the firm because:

Milton Friedman believed that a firm's exclusive duty is to:

_____ is defined as the ethical philosophy claiming that behaviors are considered moral if they produce the greatest good,for the greatest number of people.

Which of the following best describes distributive justice?

Define the term fiduciary and explain the responsibilities of a fiduciary.

Which of the following is an argument that supports the negative link between CSR and profit margins?

Introduction to Management

The Global Business Environment

Introduction to Strategy

Business-Level Strategy

Corporate-Level Strategy

Organizational Design

Organizational Culture

Managing Human Capital

Performance Management

Organizational Change

Leadership in Organizations

Becoming a Leader: Knowing Yourself

Power and Influence

Decision Making

Conflict and Negotiation

Leading Teams

Motivation

Communication

Networking

Filters