Exam 2: Business Ethics and Social Responsibility

Helping employees stop smoking is an example of a social responsibility revolving around public health.

On-the-job ethical dilemmas are common.

A publicly traded company did not reveal the performance of its stocks to its individual investors.Under which rule or act can the company be investigated?

Ethical _____ changes each employee personally to uphold the company's core values and be willing to base their actions on them.

Under the Sarbanes-Oxley Act of 2002,anyone who retaliates against an employee for taking concerns of unlawful conduct to a public official can be prosecuted.

Explain how the Food and Drug Administration (FDA)promotes the consumers' right to be informed.

Which of the following is not a minimum requirement for ethics compliance programs?

Complete the following using the terms listed. -A formal statement that defines how an organization expects and requires employees to resolve ethical questions is a(n)_____.

If companies provide a code of conduct and ethical training,there is no need to hire a compliance officer or to provide an anonymous employee hotline to report unethical behavior they have witnessed.

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

Hemi is a reckless driver and always jumps the red light in the absence of any patrol officers,but he refrains from speeding on highways as he is fearful of paying up hefty fines to patrol officers.Hemi is most likely to be in the _____ stage of ethical development.

Complete the following using the terms listed. -The standards of conduct and moral values governing actions and decisions in the work environment are _____.

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 _____.

The primary social responsibility of a company is to its customers.

Emiko works in an organization that manufactures goods that is in compliance with the standards set by the Federal Trade Commission.All of its products have little or no ill effect on the environment and hence has earned itself a nice reputation in the industry.The company's marketing strategy is therefore developed on its reliance on safer and cleaner uses of resources.The company is practicing _____ marketing.

The public demand that businesses give proper consideration to consumer wants and needs in making its decisions is known as _____.

Arwan decides not to cheat on his exam because he fears he will be caught and receive no credit if he is caught.Arwan is in the _____ stage of his ethical development.

Alezae does not make personal long-distance phone calls at work because it will cost her employer money.Alezae is in the _____ stage of ethical development.

Many people rationalize unethical acts at work because they _____.

Describe the factors that influence an individual's business ethics.