Exam 5: Social Responsibility and Managerial Ethics

________ is a personality attribute that measures the degree to which people believe they control their own fate.

To maintain competitive advantage, large global corporations may look to lower their costs and be more competitive by outsourcing to countries where human rights are ________.

The belief that businesses are being socially responsible when they attend only to economic interests is known as which argument against a firm's being socially responsible?

According to the textbook, 'social responsibility' and 'social responsiveness' are the same thing.

Which of the following descriptions characterises an individual at the preconventional level of moral development?

Write a short essay that explains the concepts of social entrepreneurship.Include an example of social entrepreneurship in the field of sustainability.

In considering employee ethics, people who lack a strong moral sense are more likely to do the wrong thing even if they are constrained by rules, policies, job descriptions, etc.

An Academic Question As a university student, you wonder about some of the practices in the university and just how some of its practices should be evaluated in reference to social issues. -Refer to An Academic Question (Scenario).If your university provides job-share programs, builds a day care facility and only uses recycled paper, it could be said to be ________.

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).If you (as head of the company)made your decision based on what was best for the shareholders, you would be operating with the ________ view of social responsibility.

The belief that social problems should be addressed before they reduce a firm's goal of producing goods and services is known as which argument for social responsibility?

The Foreign Corrupt Practices Act ________.

The belief that business leaders should not direct social policy because there is no direct line of social accountability to the public is known as what argument against a firm's being socially responsible?

Though the outcomes are not perfectly measured, the majority of research studies show there is no negative relationship between corporate social involvement and economic performance.

The classical view of organisational social responsibility is that management's only social responsibility is to maximise profits.

Which best describes the difference between ego strength and locus of control?

The belief that a socially responsible company will be viewed as less risky, and therefore have higher stock value, is known as which argument for social responsibility?

What term indicates the degree of the strength of a person's convictions?

Which argument for social responsibility puts forth the belief that an imbalance between the large amount of power held by firms and their responsibility is harmful to the public good?

The conventional level of moral development consists of which of the following stages?

In the ________ level of moral development, individuals respond to notions of right or wrong when there are personal consequences involved.