Exam 5: Managing Ethics and Social Responsibility

Which of the following organizations would not be allowed to incorporate as a benefit corporation?

Which of the following is not a concern to managers under the justice approach?

Briefly explain the justice approach to ethics and then explain the three types of justice.

__________ is a technique that provides a systematic way to identify the expectations, needs, importance, and relative power of various stakeholders.

Community capitalism refers to following organizational policies and practices that both enhance the economic success of a company and advance the economic and social conditions of the communities in which the company operates.

The term __________ refers to measuring an organization's social performance, its environmental performance, and its financial performance.

All of the following are examples of special interest groups except:

__________ generally outline the procedures to be used in specific ethical situations, such as marketing practices, conflicts of interest, observance of laws, proprietary information, political gifts, and equal opportunities

List the five approaches that managers can use to help guide ethical decision making.

Which of the following statements about the policy a bank adopts toward its investing of depositors' money is true?

List and define the stages of moral development.

Which of the following has become a hot-button ethical issue in the United States, as stated in the text?

A(n) __________ is a for-profit organization that has a stated purpose that includes creating a material positive impact on society; is required to consider the impact of all decisions not only on shareholders but on employees, the community, and the environment; and voluntarily holds itself to high standards of accountability and transparency.

__________ refers to the ability to generate wealth without compromising environmental responsibility and social stewardship, thus meeting the current and future needs of stakeholders while preserving the environment and society so that future generations can meet their needs as well.

__________ refers to following organizational policies and practices that both enhance the economic success of a company and advance the economic and social conditions of the communities in which the company operates.

Special interest groups include trade associations, political action committees, and consumerists.

Explain what the triple bottom line is and why it is important.

Corporate social responsibility is management's obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization.

Roger Duke Roger Duke is the manager of the Accounting division at GTC Industries. The group of employees that he oversees has many issues. Morale is low, and there is a lot of infighting within the group. They easily get sidetracked with their work, and Roger must constantly direct and oversee them to make sure they stay on task. Roger has also caught a few of them instant messaging friends on their computers while they should be working. A couple of them have also been caught stealing supplies, and three of his employees have failed drug tests in the past month. Because of this, top management wants Roger to monitor his employees' Internet use, keep an inventory of supplies on a regular basis, and give random drug tests every week.? -Which of the following approaches for guiding ethical decision making does Roger most likely use with his group of employees?

At the preconventional level of personal moral development, people live up to the expectations of others, uphold laws, and fulfill duties and obligations of the social system.