Exam 2: Business Ethics and Social Responsibility

When management considers social and economic issues in decision making,the company is practicing _____.

Developing a close personal relationship with a client or supplier is only a conflict of interest if others find out about the relationship.

Jeffrey Wigand,a former executive of Brown & Williamson who exposed his company's practice of intentionally manipulating the effect of nicotine in cigarettes on the CBS news program 60 Minutes,had moved beyond self-interest and company duty to which stage of individual ethics?

The Sarbanes-Oxley Act aims to punish corporate fraud and corruption.

When Target Inc.donates 5 percent of its federally taxable income to non-profit groups,the company is highlighting its _____.

Whistle-blowing can be effective with the cooperation of higher-level managers.

In a general sense,social responsibility is management's acceptance of the obligation to consider profit,consumer satisfaction,and societal well-being of equal value in evaluating the company's performance.

What are the objectives of consumerism?

Which of the following would be LEAST likely to be a factor in evaluating a company's social performance?

The U.S.Sentencing Commission was created to protect employees who claim that they were unaware of ethical violations that they were accused of committing.

Historically,a company's social performance has been measured by its contribution to the overall economy and the employment opportunities it provides.

A "green" product that claims to be environmentally friendly must be substantiated in accordance with guidelines presented by the Federal Trade Commission.

_____ are responsible for conducting employee training programs that help spot potential fraud and abuse within a company.

Complete the following using the terms listed. -A person in the _____ of ethical development is able to move beyond self-interest and take into account the larger needs of society.

A code of conduct is a formal document that must be printed.

What is green marketing?

Some companies issue a code of conduct or statement of values in the form of a small card that employees and managers can carry with them.

According to _____ standards,when a drug company purchases a television ad,the company is required to describe potential side effects of the drug,or at least provide a phone number or Web site address for additional information.

The Bristianie Corp.uses a company-wide team of employees to identify company activities related to social issues,report on how the company is responding to those issues,and evaluate how effectively the company has met those issues.The Bristianie team is conducting a(n)_____.

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.