Exam 4: Ethics and Social Responsibility

Absolute rules exist to determine how individuals should behave in every situation.

Ethical beliefs lead to the development of laws and regulations.

The esteem or high repute that individuals or organizations gain when they behave ethically is called _____.

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 is least likely to be a source of individual ethics?

According to the moral rights rule, managers should choose the course of action that best protects and upholds their personal rights.

The _____ has organizationwide authority, hence, organizational members in any department can communicate instances of unethical behavior by their managers or coworkers without fear of retribution.

A manager responsible for communicating and teaching ethical standards to all employees and monitoring their conformity to those standards is called a(n) _____.

After a lengthy investigation, Larry lost his license to practice law on charges of accepting bribes. In all likelihood, Larry probably violated his _____.

Standards that govern how members of a society should deal with one another in matters involving issues such as fairness, justice, poverty, and individual rights are called:

Discuss the idea that ethics may change over time. Give an example of an ethical value that may be changing in the culture in which you presently live; explain.

Customers are stakeholders of an organization, but managers are not.

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

A person's confidence and faith in another person's goodwill is called:

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.

When making appointment decisions, it is wise for the board of directors to avoid scrutinizing the reputations and ethical records for top managers.

People typically confront ethical issues when weighing their personal interests against the effects of their actions on others.

An organization's code of ethics is shaped by the ethics of the top managers of the organization.

Which of the following statements is true of stakeholders and ethics?

Phil has noticed that his operations manager has been practicing unethical means to reap personal benefits at the expense of the company's customers. He will most likely approach the _____ to report the matter without fear of retribution.