Question 1

Which of the following is an example of an anticipator firm?

Accepted Answer

A)   The Hardley Accounting Firm changes its accounting practices after the introduction of the Sarbanes-Oxley Act in 2002.
B)   A biotech company fights government efforts that will restrict its ability to import raw materials.
C)   A petrochemical company takes preventive measures to protect employees from harmful chemicals within the workplace even before anyone suffers negative side effects.
D)   Ramen's retail store decides to stop using plastic bags after customers threatened to boycott its products. C

Question 2

What is the strategic corporate social responsibility perspective? Explain the "inside-out" approach with examples.

Accepted Answer

A recent approach to corporate social responsibility tries to address the balancing act managers must engage in when responding to the concerns of all their stakeholders.It is called the strategic corporate social responsibility perspective,and it argues that three fundamental criteria can guide managers.They are the "inside-out" approach,the "outside-in" approach,and the "outside-out" approach.
In the "inside-out" approach,managers can look inside the company at issues that are more rather than less important as a function of the company's strategy and business activities.For example,as a manager at a retail store,the labor-intensive nature of one's business places a heavy emphasis on workers.In contrast,the capital-intensive nature of an aerospace corporation places a heavy emphasis on technology.

Question 3

Pixel Inc prohibits smoking in the workplace.According to company rules,any employee found smoking on the work premises will be fined.However,managers are lax in implementing this rule and employees are regularly seen smoking in the office corridors and cafeteria.Which of the following is true in this scenario?

Accepted Answer

A)   The probability of effect is low.
B)   The concentration of effect is high.
C)   The magnitude of the consequence is high.
D)   The temporal immediacy is high. A

Question 4

What does the efficiency perspective of social responsibility suggest when the manager of a business is also its owner?

Accepted Answer

The answer of What does the efficiency perspective of social...

Question 5

Even if a manager does not intend to discriminate against a particular minority group,legal action can be brought against the firm if the minority group can prove ________.

Accepted Answer

A)   temporal immediacy
B)   disparate impact
C)   compensatory justice
D)   probability of effect

Question 6

Cigarette ads and smoking have not been completely outlawed in part because the ________ is not 100 percent.

Accepted Answer

A)   probability of effect
B)   anchoring effect
C)   temporal immediacy
D)   externality

Question 7

The ________ perspective of social responsibility states that a manager's responsibility is to maximize profits for the owners of the business.

Accepted Answer

A)   effector
B)   effectiveness
C)   efficiency
D)   efficacy

Question 8

Managerial ethics begin at the top of the organization.

Accepted Answer

A) True 
 B)False

Question 9

Corporations react to the various pressures and constituencies connected to the topic of social responsibility in different ways.________ make changes only when legally compelled to do so.

Accepted Answer

A)   Accommodators and reactors
B)   Anticipators and reactors
C)   Defenders and accommodators
D)   Reactors and anticipators

Question 10

Who is a whistleblower?

Accepted Answer

The answer of Who is a whistleblower?...

Question 11

Which of the following is an example of an accommodator firm?

Accepted Answer

A)   The Hardley Accounting Firm changes its accounting practices after the introduction of the Sarbanes-Oxley Act in 2002.
B)   Ramen's retail store decides to stop using plastic bags after customers threatened to boycott its products.
C)   A biotech company fights government efforts that will restrict its ability to import raw materials.
D)   A petrochemical company takes preventive measures to protect employees from harmful chemicals within the workplace even before anyone suffers negative side effects.

Question 12

________ refers to an individual's physical and psychological closeness to the outcome of an action.

Accepted Answer

A)   Concentration of effect
B)   Proximity
C)   Social consensus
D)   Spatial intelligence

Question 13

In the "inside-out" approach of the strategic corporate social responsibility perspective,managers can look inside the company at issues that are more rather than less important as a function of the company's strategy and business activities.

Accepted Answer

A) True 
 B)False

Question 14

According to the utilitarian approach to ethical decision making,the most ethical course of action is the one that results in the greatest good for the greatest number of people.

Accepted Answer

A) True 
 B)False

Question 15

The utilitarian approach to ethical decision making advocates making decisions based on moral principles rather than on the positive or negative consequences of an action.

Accepted Answer

A) True 
 B)False

Question 16

According to a recent survey by BizMag.com,more than 60 percent of all employees believe that pilfering office supplies for personal use is acceptable.Which of the following statements is true in this scenario?

Accepted Answer

A)   The magnitude of the consequence is high.
B)   The concentration of effect is high.
C)   There is a high degree of social consensus.
D)   The probability of effect is high.

Question 17

When companies reward employees who report valid claims of corporate unethical conduct,what are they clearly encouraging?

Accepted Answer

A)   moral intensity
B)   pay for performance
C)   compensatory justice
D)   whistleblowing

Question 18

Define ethical dilemmas and ethical lapses.

Accepted Answer

The answer of Define ethical dilemmas and ethical lapses....

Question 19

Which of the following is true regarding the efficiency perspective of social responsibility,according to Milton Friedman?

Accepted Answer

A)   The welfare of the community is the firm's responsibility.
B)   Managers who are owners must act in the best interests of society and stakeholders.
C)   Managers should maximize profits for the shareholders in the business.
D)   Firms have obligations not only to shareholders but also to society.

Question 20

According to the principle of ________,the financial obligation corporations have to others is limited to the company and does not extend to its shareholders.

Accepted Answer

A)   limited liability
B)   distributive justice
C)   limited interest
D)   compensatory justice

Exam 2: Social Responsibility and Managerial Ethics

Which of the following is an example of an anticipator firm?

What is the strategic corporate social responsibility perspective? Explain the "inside-out" approach with examples.

What does the efficiency perspective of social responsibility suggest when the manager of a business is also its owner?

Even if a manager does not intend to discriminate against a particular minority group,legal action can be brought against the firm if the minority group can prove ________.

Cigarette ads and smoking have not been completely outlawed in part because the ________ is not 100 percent.

The ________ perspective of social responsibility states that a manager's responsibility is to maximize profits for the owners of the business.

Managerial ethics begin at the top of the organization.

Corporations react to the various pressures and constituencies connected to the topic of social responsibility in different ways.________ make changes only when legally compelled to do so.

Who is a whistleblower?

Which of the following is an example of an accommodator firm?

________ refers to an individual's physical and psychological closeness to the outcome of an action.

In the "inside-out" approach of the strategic corporate social responsibility perspective,managers can look inside the company at issues that are more rather than less important as a function of the company's strategy and business activities.

According to the utilitarian approach to ethical decision making,the most ethical course of action is the one that results in the greatest good for the greatest number of people.

The utilitarian approach to ethical decision making advocates making decisions based on moral principles rather than on the positive or negative consequences of an action.

According to a recent survey by BizMag.com,more than 60 percent of all employees believe that pilfering office supplies for personal use is acceptable.Which of the following statements is true in this scenario?

When companies reward employees who report valid claims of corporate unethical conduct,what are they clearly encouraging?

Define ethical dilemmas and ethical lapses.

Which of the following is true regarding the efficiency perspective of social responsibility,according to Milton Friedman?

According to the principle of ________,the financial obligation corporations have to others is limited to the company and does not extend to its shareholders.