Exam 4: Ethics and Social Responsibility

Web sites like Napster that allow free downloading of songs and movies illustrate the "tragedy of the commons" because pursuit of self-interest only destroys societal interest.

The guiding practices and beliefs through which a particular firm and its managers view their responsibilities to stakeholders are called _____.

_____ have the right to expect a good return or reward by investing their human capital to improve a company's performance.

The practical rule states that an ethical decision is one that:

The local communities in which an organization operates are seldom considered as stakeholders of the organization.

Customers are often regarded as the most important stakeholder group.

Identify and describe the approaches to how to be socially responsible, from the lowest to the highest. Author: I took this change from the questions section above and corrected it. However, I think the sentence was better before the change. Give an example of a real company to illustrate each.

Define ethical dilemma, moral scruples, and ethics. Provide an example of an ethical dilemma.

Simon was confronted with a serious ethical dilemma. He responded with a solution that created the greatest good for the greatest number of people. Which ethical rule best describes his response?

Applying the practical rule to analyze a business decision ensures that managers are taking into account the interests of all stakeholders.

When Bob was calculating the yearly bonuses for his employees, he paid particular attention to the individual employee scores to ensure that they were based on performance and not favoritism. Which ethical rule was Bob following?

Which of the following is a method by which a company can act ethically toward employees and meet their expectations?

Which of the following statements is true of ethical decision making?

David is trying to provide a visible means of support to develop an ethical culture in his company. He can do so by creating:

Which of the following statements is true of the practical rule of ethical decision making?

A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n) _____ approach.

If Samantha was employing the moral rights rule in her decision making, she would:

The _____ has organization-wide authority. Hence, organization members in any department can communicate instances of unethical behavior by their managers or coworkers without fear of retribution.

Business ethics are only important because the failure of a company can solely have catastrophic effects on the goals of the company.

When faced with an ethical dilemma as a manager, Sam tries to reflect back on his upbringing to decide between right and wrong. Sam is reflecting on _____.