Question 1

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Accepted Answer

A) True 
 B)False

Question 2

When police set up sobriety checkpoints, they aim to lessen drunk driving and save lives. While not required, the makers of apps that help users navigate around the checkpoints have complied with the public request of several legislators and have obediently stopped operating. After studying about ethics and social responsibility, which of the following statements applies to this situation?

Accepted Answer

A)  Laws represent the minimum guidelines that companies must follow, whereas a company's ethical stance may venture beyond the minimum level of compliance. 
B)  App developers that keep operating are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be. 
C)  App developers no longer operating are acting philanthropically toward government. 
D)  App developers that keep operating are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes. 
A)  Laws represent the minimum guidelines that companies must follow, whereas a company's ethical stance may venture beyond the minimum level of compliance. 
B)  App developers that keep operating are showing corporate social responsibility because they demonstrate concern for their investors, which is exactly where their focus should be. 
C)  App developers no longer operating are acting philanthropically toward government. 
D)  App developers that keep operating are showing their distrust for big government, and their avoidance of contributing toward philanthropic causes.

Question 3

Compliance-based ethics codes

Accepted Answer

A)  conform to U.S. laws and regulations. 
B)  enable responsible employee conduct. 
C)  use education, leadership, and accountability to reinforce the code. 
D)  create a "do-it-right" climate that emphasizes core values. 
A)  conform to U.S. laws and regulations. 
B)  enable responsible employee conduct. 
C)  use education, leadership, and accountability to reinforce the code. 
D)  create a "do-it-right" climate that emphasizes core values.

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

Accepted Answer

A) True 
 B)False

Question 6

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

Accepted Answer

A)  profits. 
B)  trust and cooperation. 
C)  prices. 
D)  employee turnover. 
A)  profits. 
B)  trust and cooperation. 
C)  prices. 
D)  employee turnover.

Question 7

American clothing manufacturer Simple Suits was sued in New York courts by watchdog groups that discovered the poor working conditions in manufacturing plants in a U.S. territory. Customers are typically concerned with human rights abuses and other problems with supplier relationships at home and abroad.

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A)  higher profits. 
B)  lower employee turnover. 
C)  lower prices. 
D)  more competition. 
A)  higher profits. 
B)  lower employee turnover. 
C)  lower prices. 
D)  more competition.

Question 9

In the long run, a firm's loyalty to their employees can pay off financially.

Accepted Answer

A) True 
 B)False

Question 10

Relationships between businesses and among nations

Accepted Answer

A)  should be based on international law, exclusively. 
B)  should be based on fairness, honesty, openness, and moral integrity. 
C)  should be scrutinized carefully to make some determination as to whether both sides have the same type of leader behavior when it comes to assigning work. 
D)  will be adversarial because seldom does either side believe in win-win situations. 
A)  should be based on international law, exclusively. 
B)  should be based on fairness, honesty, openness, and moral integrity. 
C)  should be scrutinized carefully to make some determination as to whether both sides have the same type of leader behavior when it comes to assigning work. 
D)  will be adversarial because seldom does either side believe in win-win situations.

Question 11

A whistleblower is a person who

Accepted Answer

A)  monitors employees who work overtime. 
B)  reports illegal or unethical behavior in the corporation. 
C)  reports health or other corporate emergencies to 911. 
D)  works in the human resource department. 
A)  monitors employees who work overtime. 
B)  reports illegal or unethical behavior in the corporation. 
C)  reports health or other corporate emergencies to 911. 
D)  works in the human resource department.

Question 12

Environmental quality is considered to be a public good. This means that

Accepted Answer

A)  ultimately it is the public that pays for environmental clean-up. 
B)  businesses have a responsibility to minimize their environmental pollution. 
C)  everyone enjoys a cleaner environment regardless of who pays for it. 
D)  society places a higher value on private goods and services. 
A)  ultimately it is the public that pays for environmental clean-up. 
B)  businesses have a responsibility to minimize their environmental pollution. 
C)  everyone enjoys a cleaner environment regardless of who pays for it. 
D)  society places a higher value on private goods and services.

Question 13

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Accepted Answer

A)  social auditing 
B)  corporate social initiative 
C)  corporate policy 
D)  corporate philanthropy 
A)  social auditing 
B)  corporate social initiative 
C)  corporate policy 
D)  corporate philanthropy

Question 14

Corporate philanthropy refers to the position a firm takes on social and political issues.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following statements best describes ethical behavior in the U.S.?

Accepted Answer

A)  Due to the diverse cultures that make up the U.S. it is difficult to identify common standards of ethical behavior. 
B)  The only common standards of ethical behavior in the U.S. are reflected in religious teachings. 
C)  We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage. 
D)  Americans will generally describe the golden rule as the only statement of value that they uphold. 
A)  Due to the diverse cultures that make up the U.S. it is difficult to identify common standards of ethical behavior. 
B)  The only common standards of ethical behavior in the U.S. are reflected in religious teachings. 
C)  We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage. 
D)  Americans will generally describe the golden rule as the only statement of value that they uphold.

Question 16

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."

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A)  accountability review 
B)  social audit 
C)  federal disclosure statement 
D)  annual report 
A)  accountability review 
B)  social audit 
C)  federal disclosure statement 
D)  annual report

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Compliance-based ethics codes

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

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

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

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

In the long run, a firm's loyalty to their employees can pay off financially.

Relationships between businesses and among nations

A whistleblower is a person who

Environmental quality is considered to be a public good. This means that

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Corporate philanthropy refers to the position a firm takes on social and political issues.

Which of the following statements best describes ethical behavior in the U.S.?

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."

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

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Working Within the Legal Environment

Using Technology to Manage Information

Managing Risk

Managing Personal Finances

Filters

Exam 4: Demanding Ethical and Socially Responsible Behavior

In order to maintain a good reputation, it is good strategy to manage your business ethically.

Compliance-based ethics codes

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

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

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

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

In the long run, a firm's loyalty to their employees can pay off financially.

Relationships between businesses and among nations

A whistleblower is a person who

Environmental quality is considered to be a public good. This means that

When Blake Mycoskie started TOMS, he took the concept of ________ to a new level. With its well-known "one for one" shoe giving program, TOMS social causes are directly related to the firm's expertise of selling shoes.

Corporate philanthropy refers to the position a firm takes on social and political issues.

Which of the following statements best describes ethical behavior in the U.S.?

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."

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

Taking Risks and Making Profits Within the Dynamic Business Environment

Understanding Economics and How It Affects Business

Doing Business in Global Markets

How to Form a Business

Entrepreneurship and Starting a Small Business

Management and Leadership

Structuring Organizations for Todays Challenges

Production and Operations Management

Motivating Employees

Human Resource Management: Finding and Keeping the Best Employees

Dealing With Employeemanagement Issues

Marketing: Helping Buyers Buy

Developing and Pricing Goods and Services

Distributing Products

Using Effective Promotions

Understanding Accounting and Financial Information

Financial Management

Using Securities Markets for Financing and Investing Opportunities

Money, Financial Institutions, and the Federal Reserve

Working Within the Legal Environment

Using Technology to Manage Information

Managing Risk

Managing Personal Finances

Filters