Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following observations about the Foreign Corrupt Practices Act is true?

Which of the following enables managers to walk away from a decision that is profitable, but unethical?

The United Nations Universal Declaration of Human Rights, related to employment, upholds which of the following?

Grady works at a fast food restaurant. One day he noticed a co-worker giving free food to a friend. He was unsure about what to do. Grady most likely decided to follow the example of

International businesses cannot gain economic advantages by making payments to corrupt government officials.

The ________ occurs when a resource that is shared by all, but owned by no one, is overused by individuals, resulting in its degradation.

________ are the accepted principles of right or wrong governing the conduct of businesspeople.

According to John Rawls's difference principle,

Miranda is a cultural relativist, which means she likely believes

The products of Carmen Stores, an international sports apparel chain, are manufactured in sweatshop factories in China. According to the company president, using sweatshop labor offers a means of livelihood to children and young adults, as well as supplies good quality apparel to customers at a lower cost. She asserts that the actions of the company are justified because it results in the benefit of the maximum number of people. The company president's argument is based on which of the following ethical viewpoints?

________ means standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder.

Ethics officers are hired by many businesses to make sure that all employees are trained to be ethically aware and that ethical considerations enter the business decision-making process at all levels of the organization.

________ arguments suggest that improving working conditions beyond the level required by the law and necessary to maximize employee productivity will reduce profits and are therefore not appropriate.

Which of the following was designed to allow GM to operate ethically in South Africa as long as the company did not obey the apartheid laws in its own South African operations?

Facilitating payments are also known as

A firm's ________ include customers, suppliers, and lenders.

Utilitarian philosophy takes into consideration the principle of justice.

The righteous moralist suggests that

A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory. The public relations manager of the company defends the company's actions as being ethically sound; he states that in the host country, paying bribes to government officials is the accepted norm and is in keeping with the social practices in the host country. The public relations manager is using which of the following philosophical doctrines to defend the actions of the company?

The ethical obligations of a multinational corporation toward employment conditions, human rights, environmental pollution, and the use of power are always clear-cut.