Exam 4: Ethics and Social Responsibility

In today's business world, top executives are receiving large salaries and unbelievable stock options. Is it ethical for managers to receive these amounts? Argue both sides of this question.

Under the justice rule, managers should determine fair rules and procedures for distributing outcomes to stakeholders.

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 _____.

Which approach to social responsibility is being implemented by a company that actively embraces the need to behave in socially responsible ways?

Managers at Enron prevented employees from selling Enron shares in their pension funds while they sold hundreds of millions of dollars' worth of their own Enron stock. The illustrates the _____ approach to social responsibility.

Under the _____ rule, an ethical decision is one that best maintains people's fundamental privileges.

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

Under the practical rule, a manager would not be reluctant to communicate a decision to people outside the company when:

_____ are frequently in the position of having to juggle the interests of different stakeholders, including themselves.