Exam 4: Managing Ethics and Social Responsibility

Define the conventional stage of moral reasoning.

Which of the following best illustrates the preconventional stage of moral development?

According to Adam Grant of the Wharton School of Business, changes in society and organizations make self-sacrifice for the sake of a larger purpose an increasingly inappropriate and even dangerous characteristic.

Commercial advertising campaigns often seek to spin information on products.For example, a car manufacturer might say a particular car it manufactures was ranked as the most innovative new vehicle.The details of the survey that it was conducted at a shareholder meeting and only vehicles it manufactures were included in the survey are quickly flashed in very small print at the bottom of the screen.The decision to deliberately obscure potentially important information is best described as being in which domain?

Robbie's Robots decided to continue operations at one plant while shutting down another.The decision was justified on the basis of what was best for the corporation as a whole.This is an example of the ____ approach.

When a company tries to portray itself as more environmentally friendly than it actually is, it is engaging in _____.

A benefit corporation is a not-for-profit organization that has a stated purpose that includes creating a material that has a positive impact on society.

When values and standards are written into the legal system, it is referred to as __________.

Only about 20 percent of U.S.adults reach the postconventional stage of moral development.

The __________ leadership style is associated with the preconventional level of personal moral development.

Important stakeholders in corporations include the government and the community.

Why should corporations operate in an ethical, sustainable manner? How does doing so benefit them?

A __________ is a for-profit organization that has a stated purpose of creating a positive impact on society; is required to consider the impact of decisions on employees, the community, and the environment as well as shareholders; and voluntarily holds itself to high standards of accountability and transparency.

Most managers operate at the __________ level of moral reasoning.

Define the term ethical dilemma.

Research suggests that the majority of managers operate at the preconventional level of moral reasoning.

Define the utilitarian approach to moral reasoning.

Most ethical dilemmas in business involve a conflict between stakeholders and shareholders.

A __________ is an individual responsible for making an ethical choice.

Define ethics and explain how the domain of ethics relates to law and free choice.