Question 1

Stakeholders have a claim on a company because when they buy its stock or shares they become its owners.

Accepted Answer

A) True 
 B)False  False

Question 2

Identify and describe the approaches to social responsibility,in the order of least to most ethical.Give an example of a real company to illustrate each.

Accepted Answer

(1)Obstructionist,in which companies choose not to behave in socially responsible ways and behave unethically and illegally.
(2)Defensive,in which companies behave ethically to the degree that they stay within the law.
(3)Accommodative,in which companies behave legally and ethically and try to balance the interests of different stakeholders as the need arises.
(4)Proactive,in which companies actively embrace socially responsible behavior,going out of their way to learn about the needs of stakeholders and using organizational resources to promote their interests.

Question 3

Unethical behavior:

Accepted Answer

A) Increases a company's efficiency 
B) Increases a company's effectiveness 
C) Reduces a company's performance 
D) Increases the national standard of living 
E) Increases national well-being and prosperity 
A) Increases a company's efficiency 
B) Increases a company's effectiveness 
C) Reduces a company's performance 
D) Increases the national standard of living 
E) Increases national well-being and prosperity C

Question 4

Though laws often change,ethical principles remain constant and do not change over time.

Accepted Answer

A) True 
 B)False

Question 5

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:

Accepted Answer

A) Societal ethics 
B) Occupational ethics 
C) Individual ethics 
D) Organizational ethics 
E) Governmental ethics 
A) Societal ethics 
B) Occupational ethics 
C) Individual ethics 
D) Organizational ethics 
E) Governmental ethics

Question 6

All of the following are examples of managers being socially responsible EXCEPT:

Accepted Answer

A) Give workers opportunities to enhance their skills and acquire additional education 
B) Moving a company's operations abroad for cheaper labor 
C) Allow employees to take time off 
D) Provide health care and pension benefits for employees 
E) Decline to invest in countries that have poor human rights records 
A) Give workers opportunities to enhance their skills and acquire additional education 
B) Moving a company's operations abroad for cheaper labor 
C) Allow employees to take time off 
D) Provide health care and pension benefits for employees 
E) Decline to invest in countries that have poor human rights records

Question 7

The individual ethics of which stakeholder group are important in shaping the organizational code of ethics?

Accepted Answer

A) Employees 
B) Customers 
C) Community 
D) Founders 
E) Stockholders 
A) Employees 
B) Customers 
C) Community 
D) Founders 
E) Stockholders

Question 8

Web sites like Napster that allow for the free downloading of songs and movies can be viewed as a "tragedy of the commons" because pursuit of self interest will destroy the societal interest.

Accepted Answer

A) True 
 B)False

Question 9

Use the four sources of business ethics.Explain the failures in each source that contributed to the 2008-2009 financial crisis.

Accepted Answer

Answers will vary an

Question 10

According to the practical rule,a managerial decision that the manager has no hesitation or reluctance about communicating to people outside the company is called a(n):

Accepted Answer

A) Moral scruple 
B) Popular decision 
C) Socially responsible decision 
D) Social audit 
E) Ethical decision 
A) Moral scruple 
B) Popular decision 
C) Socially responsible decision 
D) Social audit 
E) Ethical decision

Question 11

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

Accepted Answer

A) accommodative 
B) proactive 
C) defensive 
D) obstructionist 
E) offensive 
A) accommodative 
B) proactive 
C) defensive 
D) obstructionist 
E) offensive

Question 12

Ethical beliefs lead to the development of laws and regulations.

Accepted Answer

A) True 
 B)False

Question 13

Customers are often regarded as the most important stakeholder group.

Accepted Answer

A) True 
 B)False

Question 14

Moral principles,values,or beliefs about what is "right" or "wrong" are known as ethics.

Accepted Answer

A) True 
 B)False

Question 15

Steve has noticed that there has been an error in his weekly pay stub and the company has unknowingly paid him too much.Steve's pondering about whether to report this issue is an ethical dilemma.

Accepted Answer

A) True 
 B)False

Question 16

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

Accepted Answer

A) Best protects the rights of people affected 
B) Produces the greatest good for the greatest number of people 
C) Distributes benefits and harms in a fair way 
D) Can be communicated with no reluctance 
E) Is relevant to financial effectiveness of the organization 
A) Best protects the rights of people affected 
B) Produces the greatest good for the greatest number of people 
C) Distributes benefits and harms in a fair way 
D) Can be communicated with no reluctance 
E) Is relevant to financial effectiveness of the organization

Question 17

One managerial implication of the justice model is that managers should base their decisions on:

Accepted Answer

A) The effects on stakeholders' rights 
B) What provides the maximum benefit to most stakeholders 
C) Whatever promotes a fair distribution of outcomes 
D) Arbitrary factors 
E) The organization's culture 
A) The effects on stakeholders' rights 
B) What provides the maximum benefit to most stakeholders 
C) Whatever promotes a fair distribution of outcomes 
D) Arbitrary factors 
E) The organization's culture

Question 18

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

Accepted Answer

A) Trust 
B) Reputation 
C) Social responsibility 
D) Moral standing 
E) Emotional value 
A) Trust 
B) Reputation 
C) Social responsibility 
D) Moral standing 
E) Emotional value

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

Which of the approaches to social responsibility is the most socially responsible?

Accepted Answer

A) Accommodative 
B) Proactive 
C) Defensive 
D) Obstructionist 
E) Offensive 
A) Accommodative 
B) Proactive 
C) Defensive 
D) Obstructionist 
E) Offensive

Stakeholders have a claim on a company because when they buy its stock or shares they become its owners.

Identify and describe the approaches to social responsibility,in the order of least to most ethical.Give an example of a real company to illustrate each.

Unethical behavior:

Though laws often change,ethical principles remain constant and do not change over time.

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:

All of the following are examples of managers being socially responsible EXCEPT:

The individual ethics of which stakeholder group are important in shaping the organizational code of ethics?

Web sites like Napster that allow for the free downloading of songs and movies can be viewed as a "tragedy of the commons" because pursuit of self interest will destroy the societal interest.

Use the four sources of business ethics.Explain the failures in each source that contributed to the 2008-2009 financial crisis.

According to the practical rule,a managerial decision that the manager has no hesitation or reluctance about communicating to people outside the company is called a(n):

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

Ethical beliefs lead to the development of laws and regulations.

Customers are often regarded as the most important stakeholder group.

Moral principles,values,or beliefs about what is "right" or "wrong" are known as ethics.

Steve has noticed that there has been an error in his weekly pay stub and the company has unknowingly paid him too much.Steve's pondering about whether to report this issue is an ethical dilemma.

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

One managerial implication of the justice model is that managers should base their decisions on:

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

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

Which of the approaches to social responsibility is the most socially responsible?

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

The Manager As a Planner and Strategist

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters

Exam 4: Ethics and Social Responsibility

Stakeholders have a claim on a company because when they buy its stock or shares they become its owners.

Identify and describe the approaches to social responsibility,in the order of least to most ethical.Give an example of a real company to illustrate each.

Unethical behavior:

Though laws often change,ethical principles remain constant and do not change over time.

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:

All of the following are examples of managers being socially responsible EXCEPT:

The individual ethics of which stakeholder group are important in shaping the organizational code of ethics?

Web sites like Napster that allow for the free downloading of songs and movies can be viewed as a "tragedy of the commons" because pursuit of self interest will destroy the societal interest.

Use the four sources of business ethics.Explain the failures in each source that contributed to the 2008-2009 financial crisis.

According to the practical rule,a managerial decision that the manager has no hesitation or reluctance about communicating to people outside the company is called a(n):

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

Ethical beliefs lead to the development of laws and regulations.

Customers are often regarded as the most important stakeholder group.

Moral principles,values,or beliefs about what is "right" or "wrong" are known as ethics.

Steve has noticed that there has been an error in his weekly pay stub and the company has unknowingly paid him too much.Steve's pondering about whether to report this issue is an ethical dilemma.

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

One managerial implication of the justice model is that managers should base their decisions on:

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

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

Which of the approaches to social responsibility is the most socially responsible?

Managers and Managing

The Evolution of Management Thought

Values,attitudes,emotions,and Culture: The Manager As a Person

Managing Diverse Employees in a Multicultural Environment

Managing in the Global Environment

Decision Making,learning,creativity,and Entrepreneurship

The Manager As a Planner and Strategist

Value-Chain Management: Functional Strategies for Competitive Advantage

Managing Organizational Structure and Culture

Organizational Control and Change

Human Resource Management

Motivation and Performance

Leadership

Effective Groups and Teams

Promoting Effective Communication

Managing Conflict,politics,and Negotiation

Using Advanced Information Technology to Increase Performance

Filters