Exam 5: Ethics, corporate Social Responsibility, and Sustainability

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

Free

(True/False)

4.9/5

(69)

Question 1

Correct Answer:

Verified

True

Describe the five-step process that businesses can use to think through ethical problems?

Free

(Essay)

4.9/5

(79)

Question 2

Correct Answer:

Verified

Some experts on ethics have recommended a five-step process to think through ethical problems.In step 1,businesspeople should identify which stakeholders a decision would affect and in what ways.Stakeholder analysis involves a certain amount of moral imagination.Step 2 involves judging the ethics of the proposed strategic decision,given the information gained in step 1.Managers need to determine whether a proposed decision would violate the fundamental rights of any stakeholders.Step 3 requires managers to establish moral intent.This means the business must resolve to place moral concerns ahead of other concerns in cases where either the fundamental rights of stakeholders or key moral principles have been violated.Step 4 requires the company to engage in ethical behavior.Step 5 requires the business to audit its decisions,reviewing them to make sure they were consistent with ethical principles,such as those stated in the company's code of ethics.

In its extreme viewpoint,_____ suggests that if a culture supports slavery,it is all right to use slave labor in the country.

Free

(Multiple Choice)

4.9/5

(67)

Question 3

Correct Answer:

Verified

Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

(True/False)

4.9/5

(83)

Question 4

According to the naive immoralist,:

(Multiple Choice)

5.0/5

(78)

Question 5

A multinational company is accused of paying bribes to the government of a host country to obtain permission to build a production factory.The public relations manager of the company defends the company's actions as being ethically sound; he states that in the host country,paying bribes to government officials is the accepted norm and is in keeping with the social practices in the host country.The public relations manager is using which of the following philosophical doctrines to defend the actions of the company?

(Multiple Choice)

4.8/5

(75)

Question 6

The _____ occurs when a resource is shared by all,but owned by no one,is overused by individuals,resulting in its degradation.

(Multiple Choice)

4.8/5

(77)

Question 7

Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.

(True/False)

4.8/5

(80)

Question 8

International businesses cannot gain economic advantages by making payments to corrupt government officials.

(True/False)

4.9/5

(78)

Question 9

Explain the Friedman doctrine.Who developed the philosophy? How well does this approach hold up ethically?

(Essay)

4.9/5

(84)

Question 10

Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

(True/False)

4.7/5

(78)

Question 11

A firm's organizational culture refers to the values and norms that are shared among employees of an organization.

(True/False)

4.9/5

(68)

Question 12

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

(True/False)

4.8/5

(74)

Question 13

According to the Friedman doctrine:

(Multiple Choice)

4.8/5

(90)

Question 14

Cultural relativism suggests that:

(Multiple Choice)

4.8/5

(81)

Question 15

According to the righteous moralist,if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation,that manager should not either.

(True/False)

4.9/5

(83)

Question 16

Moral courage enables managers to walk away from a decision that is profitable but unethical.

(True/False)

4.7/5

(79)

Question 17

How can companies strengthen the moral courage of employees?

(Essay)

4.9/5

(67)

Question 18

BP,one of the world's largest oil companies,has made it part of the company policy to undertake "social investments" in the countries where it does business.There was no economic reason for BP to make this social investment,but the company believes it is morally obligated to give something back to the societies that have made their success possible.BP's actions are an example of:

(Multiple Choice)

4.9/5

(66)

Question 19

External stakeholders:

(Multiple Choice)

4.8/5

(81)

Question 20

Showing 1 - 20 of 100

Social responsibility refers to the idea that businesspeople should favor decisions that have both good economic and social consequences.

Describe the five-step process that businesses can use to think through ethical problems?

In its extreme viewpoint,_____ suggests that if a culture supports slavery,it is all right to use slave labor in the country.

Ethical dilemmas are situations in which none of the available alternatives seems ethically acceptable.

According to the naive immoralist,:

The _____ occurs when a resource is shared by all,but owned by no one,is overused by individuals,resulting in its degradation.

Rights theories recognize that human rights and privileges are culturally determined and vary from country to country.

International businesses cannot gain economic advantages by making payments to corrupt government officials.

Explain the Friedman doctrine.Who developed the philosophy? How well does this approach hold up ethically?

Noblesse oblige refers to payments that ensure receiving the standard treatment that a business ought to receive from a foreign government.

A firm's organizational culture refers to the values and norms that are shared among employees of an organization.

Ethical strategies are the accepted principles of right or wrong governing the conduct of businesspeople.

According to the Friedman doctrine:

Cultural relativism suggests that:

According to the righteous moralist,if a manager of a multinational sees that firms from other nations are not following ethical norms in a host nation,that manager should not either.

Moral courage enables managers to walk away from a decision that is profitable but unethical.

How can companies strengthen the moral courage of employees?

External stakeholders:

Globalization

National Differences in Political Economy, and Legal Systems

National Differences in Economic Development

Differences in Culture

International Trade Theory

Government Policy and International Trade

Foreign Direct Investment

Regional Trade Pacts Give the Mexican Auto Industry an Edge

The Foreign Exchange Market

The International Monetary System

The Global Capital Market

The Strategy of International Business

The Organization of International Business

Entry Strategy and Strategic Alliances

Exporting, importing, and Countertrade

Global Production and Supply Chain Management

Global Marketing and Rd

Global Human Resource Management

Accounting and Finance in the International Business

Filters