Exam 1: An Overview of Ethics

The virtues ethics approach to decision making focuses on how one should behave and think about relationships if he or she is concerned with his or her daily life in the community.

Stakeholders who stand to lose or gain from a situation should be kept out of the decision making process as they will simply introduce their personal biases.

Supply chain sustainability takes into account such issues as fair labor practices, energy and resource conservation, human rights, and community responsibility.

The led to significant reforms in the content and preparation of disclosure documents by public companies.

In the case of United States v. New York Central & Hudson River Railroad Co., the U.S. Supreme Court established that:

Multinational and global organizations must not present a consistent face to their shareholders, customers, and suppliers but instead must operate with a different value system in each country they do business in.

Line operations personnel can be appointed as corporate ethics officers.

Ethics has risen to the top of the business agenda because risks associated with inappropriate behavior have increased, both in their likelihood and in their potential negative impact.

The countries with the highest software piracy rate in the world include Luxembourg, Japan, and New Zealand.

Greater globalization has decreased the likelihood of unethical behavior.

Which of the following statements best describes a reason why organizations pursue corporate social responsibility (CSR) goals and promote a work environment in which employees are encouraged to act ethically when making business decisions?

The is responsible for the careful and responsible management of an organization.

If the desired results are not achieved upon implementation of a solution, one should return to the "identify alternatives" step of the decision making process and rework the decision.

Decisions and policies that use the approach to decision making attempt to implement social systems, institutions, and environments that everyone depends on and that benefit all people.

The approach to decision making suggests that when faced with a complex ethical dilemma, people do either what they are most comfortable doing or what they think a person they admire would do.

The principle that the ethical choice treats everyone the same and shows no favoritism or discrimination is most closely associated with the approach to dealing with moral issues.

Based on a 2009 National Business Ethics Survey, the percentage of employees who said they reported misconduct in the workplace when they saw it .

A provides an organization with vision and leadership in the area of business conduct.

Supply chain sustainability is a component of that focuses on developing and maintaining a supply chain that meets the needs of the present without compromising the ability of future generations to meet their needs.

The moral corruption of people in power, which is often facilitated by a tendency for people to look the other way when their leaders act inappropriately has been given the name .