Exam 4: Ethics and Social Responsibility

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Ethical behavior does NOT:

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Justify the importance of an ethics ombudsperson.

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People or groups that supply a company with its productive resources are called:

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Michael was faced with a serious ethical dilemma.He chose a solution that created the greatest good for the greatest number of people.Michael was using the utilitarian rule.

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The way a company's managers view their duty to make decisions that enhance the well being of stakeholders is called organizational ethics.

(True/False)
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When tobacco companies sought to hide evidence that cigarette smoking causes lung cancer,they were exhibiting a(n)__________ approach.

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The managers of Lehman Brothers,whose bankruptcy helped propel the 2008-2009 financial crisis,used loopholes in to hide billions of dollars of worthless assets in its balance sheet to disguise its poor financial condition.What approach to social responsibility was Lehman Bothers employing?

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When faced with an ethical dilemma as a manager,Joe tries to reflect back on his upbringing to decide between right and wrong.Joe is reflecting on:

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Trust,the esteem or high repute that people or organizations gain when they behave ethically,is an important asset.

(True/False)
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Managers are the stakeholder group that bears the responsibility to decide which goals an organization should pursue to most benefit stakeholders.

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With a(n)_____________ approach,companies and their managers behave legally and ethically and try to balance the interests of different stakeholders as the need arises.

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What are the advantages when companies and their managers behave in a socially responsible manner?

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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.

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Which of the following is NOT normally a job responsibility of an ethics ombudsman?

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Ethics and "the law" are the same thing.

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Because it promotes the pursuit of self-interest that will destroy the societal interest,Web sites like Napster that allow for the free downloading of songs and movies can be viewed as a:

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The company that is so well known for its ethical culture that it has had the best corporate reputation for the last two years is:

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Jim is comfortable with his decision and would have no problem with people reading about it on the front page of a morning paper.It can be said that Jim is following the guidelines of the practical rule.

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

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"An ethical decision is one that a typical person in a society would think is acceptable" is a statement that reflects the practical rule.

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