Exam 4: Ethics and Social Responsibility

______ lead to the development of ______.

In order for an organization to survive and prosper,it needs to satisfy its stakeholders.

To help create and maintain an ethical organization,managers should do all of the following EXCEPT:

Identify and describe the sources of differences in ethics between people,companies,and nations.

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:

Another name for a company's code of ethics is:

Discuss how Whole Foods Market's emphasis on the employee stakeholder leads to overall stakeholder well being.

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

Under the moral rights rule,an ethical decision is one that distributes benefits and harms among people and groups in a fair,equitable,and impartial way.

Stockholders are interested in the way a company operates because they:

Stockholders are interested in the ethical practices of the company because they want to maximize the return on their investment.

Discuss the relationship between ethics and laws.

Laws and regulations lead to the development of ethical beliefs.

Using an example of your college or university,give specific examples of stakeholders of each major type.

After a lengthy investigation,Larry lost his license to practice law.In all likelihood,Larry probably violated his:

The ____________ rule is that an ethical decision is one that produces the greatest good for the greatest number of people.

When WorldCom gave managers stock options and bonuses even when company performance was declining,and managers sold stock in advance of other stockholders,they were acting with a(n)____________ approach.

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

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.

Companies that go out of their way to learn about the needs of different stakeholders and use organizational resources to promote their interests are using the ____________ approach.