Exam 5: Social Responsibility and Managerial Ethics

The 'stakeholder approach' in terms of the 'shades of green' model is where the organisation works to meet the environmental demands of multiple stakeholders such as employees, suppliers or the community.

When a firm advertises that it only uses recycled paper products, it is ________.

Issue intensity, as an issue that affects ethical behaviour, is described as ________.

Socially responsible businesses tend to have less secure long-run profits.

At the ________ level of moral development, individuals make a clear effort to define moral principles apart from the authority of the groups to which they belong or society in general.

One argument against businesses championing social responsibility issues is that businesses already have too much power.

Ethics Training You are an employee of a very large corporate company.Several employees routinely have lunch at a local restaurant where most drink alcoholic beverages before returning to work.In addition to this inappropriate behaviour, several male co-workers call female employees 'babes' and freely use racial slurs.There have been many complaints and the company has decided to use these issues as ethical training examples. -Refer to Ethics Training (Scenario).Taken individually, specific instances of ethics training to reduce or eliminate unethical behaviours in an organisation will ________.

How does the textbook define the term ethics?

The Foreign Corrupt Practices Act expressly prohibits small payoffs to foreign government employees when such payoffs are an accepted part of doing business in that country.

According to the four approaches to being 'green', the activist is interested in _____.

A ________ is a formal statement of an organisation's primary values and the ethical rules it expects its employees to follow.

The belief that firms pursuing social goals would have too much power is known as what argument in opposition to a firm's being socially responsible?

The 'activist approach' to 'going green' is when an organisation looks for ways to respect and preserve the earth and its natural resources.

In a short essay, explain the four approaches that organisations can take to being 'green'.

The recognition of the close link between an organisation's decisions and activities and its impact on the natural environment is referred to as ________.

In the arguments for and against social responsibility, 'discouragement of further government regulation' is an argument for social responsibility.

Employee volunteering is a popular way for businesses to be involved in promoting social change.

What Would You Do? Imagine that you are the head of a company that manufactures secondary wood products for the construction industry.Recently, there have been many reports of a plywood subflooring product that has been failing in a number of commercial locations resulting in several complaints about ruined floor coverings and, in one instance, partial collapse of a third floor, which injured three people.Your head of research and development has asked you to stop selling the product and wants to run tests on the product to determine the problem.However, third-quarter earnings reports are due out in two weeks and public knowledge of problems with a lucrative product may delay the financing of the company's expansion plans and also lower stock price.Your dilemma: Do you delay or refuse the product research, thereby enhancing the expansion plans but risking other damage and public safety, or do you immediately stop sales of the product and run the necessary tests, thereby risking the expansion plans? -Refer to What Would You Do? (Scenario).Which view of social responsibility suggests that your decision should be based first on what will enable your wood products company long-term survival and, only secondly, profit maximisation?

In values-based management, a corporation's ________ are powerful influences on managerial decisions and actions.

Research has found that corporations' social responsibility is unrelated to future financial performance.