Question 1

The first step in stakeholder analysis is identifying those who have only an indirect stake in the corporation.

Accepted Answer

A) True 
 B)False

Question 2

The approach to ethical behavior,which proposes that decision makers be equitable,fair,and impartial in the distribution of costs and benefits to individuals and groups is called

Accepted Answer

A)  individual rights approach. 
B)  mercantilism approach. 
C)  utilitarian approach. 
D)  justice approach. 
E)  moral imperialism approach. 
A)  individual rights approach. 
B)  mercantilism approach. 
C)  utilitarian approach. 
D)  justice approach. 
E)  moral imperialism approach.

Question 3

Managers who want to improve ethical behavior should take actions such as

Accepted Answer

A)  communicate the code of ethics in training programs. 
B)  emphasize the code of ethics in performance appraisal systems. 
C)  follow a code of ethical behavior themselves. 
D)  communicate the code of ethics in policies and procedures. 
E)  all of the above 
A)  communicate the code of ethics in training programs. 
B)  emphasize the code of ethics in performance appraisal systems. 
C)  follow a code of ethical behavior themselves. 
D)  communicate the code of ethics in policies and procedures. 
E)  all of the above

Question 4

The term "social responsibility," according to Archie Carroll,can be viewed as a combination of an

Accepted Answer

A)  organization's ethical and discretionary responsibilities. 
B)  organization's legal and ethical responsibilities. 
C)  organization's economic and ethical responsibilities. 
D)  organization's financial and economic responsibilities. 
E)  organization's legal and discretionary responsibilities. 
A)  organization's ethical and discretionary responsibilities. 
B)  organization's legal and ethical responsibilities. 
C)  organization's economic and ethical responsibilities. 
D)  organization's financial and economic responsibilities. 
E)  organization's legal and discretionary responsibilities.

Question 5

All of the following are one of the four types of moral relativism EXCEPT

Accepted Answer

A)  naive relativism. 
B)  role relativism. 
C)  principled relativism. 
D)  social group relativism. 
E)  cultural relativism. 
A)  naive relativism. 
B)  role relativism. 
C)  principled relativism. 
D)  social group relativism. 
E)  cultural relativism.

Question 6

Employees who report illegal or unethical behavior on the part of others are known as

Accepted Answer

A)  stakeholders. 
B)  whistleblowers. 
C)  moral relativists. 
D)  retaliators. 
E)  outside directors. 
A)  stakeholders. 
B)  whistleblowers. 
C)  moral relativists. 
D)  retaliators. 
E)  outside directors.

Question 7

The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as

Accepted Answer

A)  flexible responsibility. 
B)  social responsibility. 
C)  social flexibility. 
D)  managerial responsibility. 
E)  profit maximization. 
A)  flexible responsibility. 
B)  social responsibility. 
C)  social flexibility. 
D)  managerial responsibility. 
E)  profit maximization.

Question 8

The principle,which argues that wrongs should be compensated in proportion to the offense suffered is called

Accepted Answer

A)  compensatory justice. 
B)  retributive justice. 
C)  relevant justice. 
D)  distributive justice. 
E)  punitive justice. 
A)  compensatory justice. 
B)  retributive justice. 
C)  relevant justice. 
D)  distributive justice. 
E)  punitive justice.

Question 9

Which one of the following is not one of the arguments against social responsibility as used by economist Milton Friedman?

Accepted Answer

A)  Spending money for social responsibility is spending the stockholder's money for a general social interest. 
B)  Businesses can actually do very little in terms of social responsibility. 
C)  Spending money on social responsibility is acting from motives other than economic and may, in the long run, cause harm to the very society the firm is trying to help. 
D)  There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game. 
E)  Through taking on the burden of social costs, the organization becomes less efficient, causing price increases or postponement of growth. 
A)  Spending money for social responsibility is spending the stockholder's money for a general social interest. 
B)  Businesses can actually do very little in terms of social responsibility. 
C)  Spending money on social responsibility is acting from motives other than economic and may, in the long run, cause harm to the very society the firm is trying to help. 
D)  There is one and only one social responsibility of business-to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game. 
E)  Through taking on the burden of social costs, the organization becomes less efficient, causing price increases or postponement of growth.

Question 10

According to the utilitarian approach,stakeholders who have a legal or moral claim on company resources have

Accepted Answer

A)  power. 
B)  legitimacy. 
C)  urgency. 
D)  utility. 
E)  stability. 
A)  power. 
B)  legitimacy. 
C)  urgency. 
D)  utility. 
E)  stability.

Question 11

According to Kohlberg's levels of moral development,the conventional level is characterized by considerations of society's laws and norms.

Accepted Answer

A) True 
 B)False

Question 12

Ethical responsibilities are voluntary obligations a corporation assumes.

Accepted Answer

A) True 
 B)False

Question 13

A code of conduct that regulates supplier conduct

Accepted Answer

A)  is never enforced. 
B)  almost always protects a corporation's reputation if an offshore supplier conceals abuses. 
C)  is recommended if the company outsources manufacturing to a company in another country. 
D)  is rarely used. 
E)  has always been found to be legally enforceable. 
A)  is never enforced. 
B)  almost always protects a corporation's reputation if an offshore supplier conceals abuses. 
C)  is recommended if the company outsources manufacturing to a company in another country. 
D)  is rarely used. 
E)  has always been found to be legally enforceable.

Question 14

All of the following are considered primary stakeholders EXCEPT

Accepted Answer

A)  customers. 
B)  governments. 
C)  employees. 
D)  shareholders. 
E)  creditors. 
A)  customers. 
B)  governments. 
C)  employees. 
D)  shareholders. 
E)  creditors.

Question 15

Discuss the three basic approaches to ethical behavior.

Accepted Answer

The three basic approaches to ethical be

Question 16

Which of the following is the most common reason given by surveyed executives for bending the rules to attain their objectives?

Accepted Answer

A)  organizational performance required it 
B)  rules were too rigid 
C)  no one will know 
D)  no oversight 
E)  rules are different for executives than staff 
A)  organizational performance required it 
B)  rules were too rigid 
C)  no one will know 
D)  no oversight 
E)  rules are different for executives than staff

Question 17

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

Accepted Answer

A) True 
 B)False

Question 18

The approach to ethical behavior which proposes that actions and plans should be judged by their consequences,thus producing the greatest benefit to society with the least harm or the lowest cost is called

Accepted Answer

A)  individual rights approach. 
B)  mercantilism approach. 
C)  utilitarian approach. 
D)  justice approach. 
E)  moral imperialism approach. 
A)  individual rights approach. 
B)  mercantilism approach. 
C)  utilitarian approach. 
D)  justice approach. 
E)  moral imperialism approach.

Question 19

In any one strategic decision,the interests of one stakeholder group seldom conflict with another.

Accepted Answer

A) True 
 B)False

Question 20

Relationship-based countries tend to be less transparent and have a higher degree of corruption than do rule-based countries.

Accepted Answer

A) True 
 B)False

The first step in stakeholder analysis is identifying those who have only an indirect stake in the corporation.

The approach to ethical behavior,which proposes that decision makers be equitable,fair,and impartial in the distribution of costs and benefits to individuals and groups is called

Managers who want to improve ethical behavior should take actions such as

The term "social responsibility," according to Archie Carroll,can be viewed as a combination of an

All of the following are one of the four types of moral relativism EXCEPT

Employees who report illegal or unethical behavior on the part of others are known as

The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as

The principle,which argues that wrongs should be compensated in proportion to the offense suffered is called

Which one of the following is not one of the arguments against social responsibility as used by economist Milton Friedman?

According to the utilitarian approach,stakeholders who have a legal or moral claim on company resources have

According to Kohlberg's levels of moral development,the conventional level is characterized by considerations of society's laws and norms.

Ethical responsibilities are voluntary obligations a corporation assumes.

A code of conduct that regulates supplier conduct

All of the following are considered primary stakeholders EXCEPT

Discuss the three basic approaches to ethical behavior.

Which of the following is the most common reason given by surveyed executives for bending the rules to attain their objectives?

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

The approach to ethical behavior which proposes that actions and plans should be judged by their consequences,thus producing the greatest benefit to society with the least harm or the lowest cost is called

In any one strategic decision,the interests of one stakeholder group seldom conflict with another.

Relationship-based countries tend to be less transparent and have a higher degree of corruption than do rule-based countries.

Basic Concepts in Strategic Management

Corporate Governance

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 3: Social Responsibility and Ethics in Strategic Management

The first step in stakeholder analysis is identifying those who have only an indirect stake in the corporation.

The approach to ethical behavior,which proposes that decision makers be equitable,fair,and impartial in the distribution of costs and benefits to individuals and groups is called

Managers who want to improve ethical behavior should take actions such as

The term "social responsibility," according to Archie Carroll,can be viewed as a combination of an

All of the following are one of the four types of moral relativism EXCEPT

Employees who report illegal or unethical behavior on the part of others are known as

The concept that proposes private corporations have responsibilities to society that extend beyond making a profit is known as

The principle,which argues that wrongs should be compensated in proportion to the offense suffered is called

Which one of the following is not one of the arguments against social responsibility as used by economist Milton Friedman?

According to the utilitarian approach,stakeholders who have a legal or moral claim on company resources have

According to Kohlberg's levels of moral development,the conventional level is characterized by considerations of society's laws and norms.

Ethical responsibilities are voluntary obligations a corporation assumes.

A code of conduct that regulates supplier conduct

All of the following are considered primary stakeholders EXCEPT

Discuss the three basic approaches to ethical behavior.

Which of the following is the most common reason given by surveyed executives for bending the rules to attain their objectives?

A problem with the individual rights approach to ethics is the difficulty in defining fundamental rights.

The approach to ethical behavior which proposes that actions and plans should be judged by their consequences,thus producing the greatest benefit to society with the least harm or the lowest cost is called

In any one strategic decision,the interests of one stakeholder group seldom conflict with another.

Relationship-based countries tend to be less transparent and have a higher degree of corruption than do rule-based countries.

Basic Concepts in Strategic Management

Corporate Governance

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters