Exam 4: Managing Ethics and Social Responsibility

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Managers carry a tremendous responsibility for setting the ethical climate in an organization and can act as role models for others.

(True/False)
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Management's obligation to make choices that will contribute to the well being of both the organization and society is known as __________.

(Short Answer)
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Important stakeholders in corporations include the government and the community.

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The concept that the party responsible should compensate individuals for the cost of their injuries is referred to as

(Multiple Choice)
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List the four criteria for ethical decision-making described in the book.

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Unfortunately,discretionary responsibility is involuntary and is mandated by economics,law,or ethics.

(True/False)
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List the four approaches that are used to describe values for guiding ethical decision making.Briefly describe each.

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Free choice lies between the domains of codified law and ethics.

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Which of the following responsibilities is purely voluntary and is guided by a company's desire to make social contributions not mandated by economics,law,or ethics?

(Multiple Choice)
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People making decisions based on an internal set of beliefs that has more meaning to them than the expectations of others

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In what stage of personal moral development is a person mostly concerned with external rewards and personal consequences of an action?

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____ is considered a decision that enables an individual or company to benefit at society's expense.

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____ is economic development that generates wealth and meets the needs of their current generation while focusing on future generations.

(Multiple Choice)
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An ethical dilemma arises in a situation when each alternative choice or behavior have potentially negative consequences.Right and wrong cannot be clearly distinguished.

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Only about ____ percent of American adults reach the level-three stage of moral development.

(Multiple Choice)
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____ matches with the postconventional level of personal moral development.

(Multiple Choice)
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The virtue ethics approach to ethical decision making says that moral behavior stems from personal virtues.

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The ________ approach to economic responsibility means that economic gain is the only social responsibility and can lead companies into trouble.

(Short Answer)
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Policy-based statements generally outline the procedure to be used in specific ethical situations.

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A normative approach to ethical decision making

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