Exam 2: Social Responsibility and Managerial Ethics

A factory continues to dump its chemical waste into the local river in spite of government orders banning the dumping of industrial effluents in local water bodies.The company knows that the effects of the chemicals on the water will not be detected until several years later.This is an example of ________.

The Foreign Corrupt Practices Act was passed in 1977 in order to prevent foreign government officials from making payments to U.S.firms.

The social responsibility perspective argues that ________.

A(n)________ is a formal settlement that outlines types of behavior that are and are not acceptable.

Which of the following best explains the inside-out approach to strategic corporate social responsibility?

A(n)________ is a decision that is contrary to an individual's stated beliefs and policies of the company.

A(n)________ involves having to make a choice between two competing but arguably valid options.

According to the universal approach to ethical decision making,if two courses of action have equal moral standing,managers should determine the more ethical course by considering the positive and negative consequences of each one.

Accommodator companies obey the letter of the law but do not make changes that might restrict profits unless they are required to do so.

Which aspect of the justice approach to ethical decision making forms the basis of affirmative action plans?

As a group,whistleblowers tend to be disgruntled employees.

According to the Foreign Corrupt Practices Act,which of the following can be paid to low-level government employees to perform their duties more quickly?

According to Adam Smith,the best way to advance the well-being of society is to place resources in the hands of government officials and allow politicians to allocate scarce resources to satisfy the demands of society.

Explain the justice approach to ethical decision making and its various forms.

The ________ approach to ethical decision making focuses on the equity of processes and outcomes.

In the "outside-in" approach of the strategic corporate social responsibility perspective,managers look at social issues in general terms of the extent to which they are problematic.

Refer to the scenario above.Which of the following is similar to the given scenario?

The greater the psychological and emotional involvement of participants in ethics training,the greater their retention of learning points will be.

Mark heads his firm's international division in China and has been approached by local officials on several occasions to pay a bribe.After countless failed attempts,the officials are now threatening to shut down the facility if Mark doesn't pay up.Realizing that this would render thousands of employees jobless,Mark decides to pay the bribe.Mark adopted the ________ approach in arriving at this decision.

Corporations react to the various pressures and constituencies connected to the topic of social responsibility in different ways.________ tend to obey the letter of the law but do not make changes that might restrict profits unless they are required to.