Exam 3: Social Responsibility and Ethics in Strategic Management

"Let the buyer beware" is a traditional saying by free-market proponents who argue that customers in a free market democracy have the right to choose how they spend their money and live their lives.

Which approach to ethical behavior can encourage selfish behavior when a person defines a personal need or want as a "right"?

There is no truth to the comment that "business ethics" is an oxymoron.

A problem with the utilitarian approach is

Cultural norms and values seldom guide ethical behavior in business.

Friedman referred to the social responsibility of business as a "fundamentally subversive doctrine."

The first step in stakeholder analysis is to

Archie Carroll contends that the primary goal of business is profit maximization.

Archie Carroll proposes that managers in companies have four responsibilities: economic,legal,ethical,and discretionary.

Society generally expects firms to work with employees and the company to plan for layoffs.This is an example of which of Archie Carroll's responsibilities?

According to Carroll,legal responsibilities are defined by governments in laws that management is expected to obey.

In support of whistle-blowers,the U.S.False Claims Act gives whistle-blowers what percentage of any damages recovered in cases where the government is defrauded?

According to Kohlberg,the third level of moral development,characterized by a person's adherence to an internal moral code,is called

A 2012 survey of 169 CFOs at publicly traded companies in the United States found what percent intentionally misrepresented their economic performance primarily to influence stock price?

According to Kohlberg,what stage of moral development do the vast majority of people in the United States occupy?

Being known as a socially responsible firm may provide a company with social capital that can be used for competitive advantage.

According to a 2011 National Business Ethics survey,what percent of respondents who observed corporate misconduct rated their cultures as weak?

The ________ has been measuring the state of ethics in organizations since 2007.

Being socially responsible

Discuss Crane and Matten's concept of sustainability with regard to Carroll's view of ethics.