Exam 3: Business Ethics and Corporate Social Responsibility

Corporate codes of ethical conduct:

The Sarbanes-Oxley Act requires that:

According to the decision-making model that is drawn heavily from the thoughts of Joseph L. Badaracco Jr., the question, "Which course of action does the most good and the least harm?" is utilitarian if the focus is narrowed to the manager's business organization.

Law may not be up to the task of forcing corporations to engage in ethical behavior for a number of reasons, including that:

The new federal sentencing guidelines implemented as part of Sarbanes-Oxley:

Groupthink is the tendency for members of a group to internalize the group's values and perceptions and to suppress critical thought.

Under "act utilitarianism," _____.

Under the allocational efficiency theory, the primary objective of a business corporation is to:

Which of the following scenarios best exemplifies groupthink?

The revised version of "Principles of Corporate Governance" of the Organization for Economic Cooperation and Development insists on:

According to the decision-making model that is drawn heavily from the thoughts of Joseph L. Badaracco Jr., the question "Which alternative best serves others' rights?" borrows from both the modern rights theories and justice theory.

Many corporations initiate legislation in order to:

"Which course of action does the most good and the least harm?" This is one of the questions to be asked by managers while making an ethical decision according to the decision-making model drawn heavily from the thoughts of Joseph L. Badaracco Jr. Discuss the nature and purpose of this question.

Which of the following statements is true of conscious capitalists?

For companies transacting business across the globe, the identification of common values may be very daunting because culture may have strong influences on the ethical attitudes of business managers.

Under the revised version of the OECD's Principles of Corporate Governance, institutional investors are specifically urged to disclose their corporate governance policies so the public can better understand how they are using their voting rights.

Explain the theory of allocational efficiency. Describe some of the criticisms levied against the theory.

The Organization for Economic Cooperation and Development is an international institution created for the purpose of promoting harmonized rules where multilateral cooperation is necessary.

Numerous proposals designed to make corporations more sensitive to outside concerns have been offered throughout the past few decades. Generally, these recommendations are of a _____ nature.

A corporate manager looking for ethical guidance that neither the law nor social norms accounts for must rely on: