Exam 5: Managements Social and Ethical Responsibilities

A business ethics specialist who sits in on corporate board meetings is referred to as a(n)

____ managers are the most common, according to ethics researcher Archie B. Carroll.

An accommodative social responsibility strategy involves taking the initiative and becoming a positive role model for the industry.

According to Adam Smith, the public interest was served by individuals pursuing their own self-interests.

Pharmaceutical giant Pfizer must pay $2.3 billion to

The "universal rules" ethical principle states that individuals should never take action that they would not be willing to see others, faced with the same or similar situation, be free to take.

By definition, socially responsible acts must be government mandated.

Aqua-Wave Aquariums (AWA) Ben, Jeremiah, and Stacey, senior executives at AWA, are discussing the recent complaint by a consumer protection agency that a particular aquarium model is prone to leaks. Ben argues that the company's only responsibility is to maximize profits (within legal and market parameters, of course), so AWA should simply deny any responsibility and resist change. Jeremiah argues that AWA should put up a legal fight and use a public relations campaign to avoid assuming additional responsibilities. Stacey can't accept either argument. She favors taking the initiative and establishing a positive role model for the aquarium industry. Stacey argues that AWA's actions should result in greater good than harm for the society of which they are a part. -Refer to Aqua-Wave Aquariums. Ben's arguments appear to reflect which of these social responsibility strategies?

One of the top-ten workplace hot spots that trigger unethical and illegal conduct is little or no recognition of achievements.

Social responsibility challenges managers to ____ make the world a better place while pursuing a ____ profit.

Selective, or uneven, enforcement is the quickest way to kill the effectiveness of an ethics code.

Paul Dolan at California's Fetzer Vineyards demonstrates corporate social responsibility through voluntary actions including a zero waste operations and using alternative power sources.

Social weighting is a rationalization strategy in which the actors counter any blame for their actions by arguing that the violated party deserved whatever happened.

The statement "____," represents the general ethical principle of utilitarian benefits.

Which statement about ethics training is true?

A business will deny responsibility while striving to maintain the status quo under a proactive social responsibility strategy.

What social responsibility strategy is in operation if the U.S. textile industry eventually lowers the dust levels in textile plants to avoid threatened regulation by Congress?

Businesses will deny responsibility if they follow the "reaction" social responsibility strategy.

What does whistle-blowing involve?

____ are what the public expects business to make today.