Exam 4: Managing Ethics and Social Responsibility

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Explain the concept of a stakeholder and list five common stakeholders.

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Caleb is a manager at Computer-Care Company.He is expected to consider the effort of each decision alternative on all parties and select the one that optimizes the satisfaction for the greatest number of people.This is an example of the

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A(n)__________ is a formal statement of the company's values concerning ethics and social issues; it communicates to employees what the company stands for.

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Which ethical approach are companies citing to justify their policing of employee's personal habits on and off the job,such as alcohol and tobacco consumption?

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When an official is given the responsibility of overseeing all aspects of ethics and legal compliance.S/he is referred to as

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List and define the stages of moral development.

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Scenario - Larry Campbell The pressure was on again. Larry Campbell, the Vice President at ToolTime Hardware, Inc., was receiving requests from men and women inside the firm and outside the firm, asking him to review the company's promotion policies. Of the 52 middle and high level executives, only three were women. The pressure was to review the policies that had led to this perceived imbalance and, if appropriate, take the steps necessary for correction. -A(n)_______ would outline the procedures Larry should use in this and other ethical situations.

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The virtue ethics approach to ethical decision making sidesteps debates about what is right,good,or just and bases decisions on prevailing standards of the profession and the larger society,taking the interests of all stakeholders into account.

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A chief ethics officer is a company executive who oversees all aspects of ethics and legal compliance.

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Which of the following stages is the stage of personal moral development in which an individual develops an internal set of standards and values?

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List three examples of primary stakeholders.

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A stakeholder is any group within or outside the organization that has a stake in the organization's performance.

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Economic responsibility defines what society deems as important with respect to appropriate corporate behavior.

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A situation that arises when all alternative choices or behaviors have been deemed undesirable because of the potentially negative ethical consequences,making it difficult to distinguish right from wrong,is considered

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All stakeholders of an organization are its stockholders but not all stockholders are its stakeholders.

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Most managers operate at the _________ level.

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Human beings have fundamental rights and liberties that cannot be taken away by another individual's decision.This ethical decision making approach is known as the

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Robbie's Robots decided to continue operations at one plant while shutting down another.The decision was justified on the basis of what was best for the total corporation.This is an example of the

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Principle-based statements define fundamental values and contain general language about company responsibilities,quality of products,and treatment of employees.

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List three of the six moral rights that should be considered during decision making.

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