Exam 4: Ethics and Social Responsibility

If a company's top managers consistently endorse the ethical principles in its corporate credo, they can prevent employees from going astray.

Which of the following statements is true about the role of organizational culture?

When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer, they were exhibiting a(n) _____ approach to social responsibility.

Standards that determine how people view their responsibilities to others and how they should act in situations when their own self-interest is at stake are called _____.

The idea that the pursuit of self-interest with no consideration for societal interests leads to disaster is called the _____.

The _____ rule is that an ethical decision is one that distributes rewards and harms in a fair way.

The utilitarian rule states that an ethical decision is a decision that:

From a moral rights perspective, managers should consider courses of action that are profitable to the company.

Discuss the relationship between ethics and laws.

Which of the following stakeholder group's individual ethics are important in shaping the organizational code of ethics?

Which of the following is least likely to be a source of individual ethics?

Bob gave a talk to his employees about standards that govern how members of their profession should conduct themselves. He was talking about _____.

Under the utilitarian rule, an ethical decision is that which creates the greatest good for the greatest number of people.

Managers who sell their stock in advance of other stockholders because they know that their company's performance is about to fall demonstrate the _____ approach to social responsibility.

According to the _____ approach, companies and their managers behave legally and ethically and try to balance the interests of different stakeholders as the need arises.

The way a company's managers view their duty to make decisions that enhance the well-being of stakeholders is called organizational ethics.

Under the moral rights rule, an ethical decision is one that distributes benefits and harms among people and groups in an equitable way.

_____ watch the company and its managers closely to ensure that management is working diligently to increase the company's profitability.

Which of the following statements is true about ethics?

An obstructionist approach displays the highest level of social responsibility.