Exam 2: Business Ethics and Social Responsibility

Rangsey was a foreman at Hi-Way Construction and discovered his company was deliberately using faulty materials for a project. Although Rangsey was worried about his family's financial security if he lost his job, he went to authorities and informed them of the potentially dangerous construction. Rangsey's action is called _____.

An advertising agency representing two companies that compete with one another has an obvious conflict of interest.

Technology has _____ ethical issues.

Which of the following can improve ethical reasoning in a company?

Social and ethical issues are a bigger concern in smaller companies than larger companies.

Social responsibility is a concept that pertains only to small businesses.

Corporate philanthropy is the belief that businesses should put the needs of society over the needs of managers and employees.

External groups often conduct their own evaluations of businesses, and reports of these evaluations are usually available to public.

Explain social responsibility.

Explain product liability and briefly describe what this means in terms of social responsibility.

Rene's boss has offered him a raise if Rene agrees to spend the night with her. This is an example of _____.

On-the-job ethical dilemmas are common.

External auditors are examining Benito's company's financial records. Benito knows there may be an error and will tell them about it but only if they ask. They do not ask. In this scenario, Benito's _____ is most likely to be questioned.

After meeting with employees, a manager realizes she has set performance goals unrealistically high for her department's employees. If she makes employee performance goals more realistic, what will likely happen to the department's ethical climate?

Individuals at the same stage of ethical development always adopt the same style for resolving ethical dilemmas.

All of the following are specifically identified by federal equal employment opportunity laws EXCEPT _____.

Why do investors expect a firm to act ethically and exhibit social responsibility?

Horus is a new employee at an IT firm. Soon he learns of the unethical practices done by his superiors and other employees at the firm. He immediately informs such instances and behaviors to the upper management and other officials at the firm. This act by Horus is known as _____.

Some people engage in activities that are contrary to their personal and moral values because they feel pressured on their jobs.

Fundamentally, a business is responsible for customers, employees, investors, and the community alike.