Question 1

A company demonstrating its social responsibility helps it build a good _____.

Accepted Answer

A)  infrastructure 
B)  production unit 
C)  selection process 
D)  reputation 
E)  organizational hierarchy

Question 2

The practical rule states that an ethical decision is one that:

Accepted Answer

A)  best protects the rights of people affected. 
B)  produces the greatest good for the greatest number of people. 
C)  distributes benefits and harms in a fair way. 
D)  can be communicated with no reluctance. 
E)  is relevant to the financial effectiveness of the organization.

Question 3

_____ have a claim on an organization because they bring to it their skills, expertise, and experience.

Accepted Answer

A)  Customers 
B)  Entrepreneurs 
C)  Suppliers 
D)  Local communities 
E)  Managers

Question 4

_____ can provide guidance when organizational members are uncertain about whether an action is ethical.

Accepted Answer

A)  Stockholders 
B)  Ethics philosophers 
C)  Ethics ombudspeople 
D)  Suppliers 
E)  Consumers

Question 5

When one person starts to profit by behaving unethically it encourages other people to act in the same way.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following statements is true about stockholders?

Accepted Answer

A)  They are often regarded as the most critical stakeholder group because if a company cannot attract them to buy its products, it cannot stay in business. 
B)  They are least interested in the company's profits. 
C)  They bear the responsibility to decide which goals an organization should pursue to most benefit stakeholders and how to make the most efficient use of resources to achieve those goals. 
D)  They are responsible for using a company's financial, capital, and human resources to increase its performance and thus its stock price. 
E)  They have a claim on a company because when they buy its stock or shares they become its owners.

Question 7

Jim is comfortable with his decision and would have no problem with people reading about it on the front page of a morning paper. This indicates that he is following the practical rule.

Accepted Answer

A) True 
 B)False

Question 8

A company's stance on social responsibility is the way its managers and employees view their obligation to make decisions that promote the well being of stakeholders and society as a whole.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following approaches is characterized with the highest degree of social responsibility?

Accepted Answer

A)  Accommodative 
B)  Proactive 
C)  Defensive 
D)  Obstructionist 
E)  Offensive

Question 10

Simon was confronted with a serious ethical dilemma. He responded with a solution that created the greatest good for the greatest number of people. Which ethical rule best describes his response?

Accepted Answer

A)  Justice 
B)  Moral Rights 
C)  Utilitarian 
D)  Practical 
E)  Moral Scruples

Question 11

The local communities in which an organization operates are seldom considered as stakeholders of the organization.

Accepted Answer

A) True 
 B)False

Question 12

Robert and his HR team have adapted several existing company policies. He is unsure if all these policies can be implemented on ethical grounds. His team can approach a(n) _____ to resolve the matter.

Accepted Answer

A)  consumer court 
B)  legal advisor 
C)  ethics ombudsperson 
D)  HR manager 
E)  ethical philosopher

Question 13

When Bob was calculating the yearly bonuses for his employees, he paid particular attention to the individual employee scores to ensure that they were based on performance and not favoritism. Which ethical rule was Bob following?

Accepted Answer

A)  Practical 
B)  Moral Scruples 
C)  Utilitarian 
D)  Justice 
E)  Moral Rights

Question 14

Business ethics are only important because the failure of a company can solely have catastrophic effects on the goals of the company.

Accepted Answer

A) True 
 B)False

Question 15

Under the moral rights rule, an ethical decision is one that distributes benefits and harms among people and groups in an equitable way.

Accepted Answer

A) True 
 B)False

Question 16

Give specific examples of stakeholders of each major type that exist in your college or high school.

Accepted Answer

The answer of Give specific examples of stakeholders of each...

Question 17

Steve has noticed that there has been an error in his weekly pay stub and the company has unknowingly paid him too much. Steve is pondering about whether to report this issue or not. This is an example of an ethical dilemma.

Accepted Answer

A) True 
 B)False

Question 18

Though laws often change, ethical principles remain constant and do not change over time.

Accepted Answer

A) True 
 B)False

Question 19

Customers are often regarded as the most important stakeholder group.

Accepted Answer

A) True 
 B)False

Question 20

The people and groups affected by how a company and its managers behave are called its stakeholders.

Accepted Answer

A) True 
 B)False

Exam 4: Ethics and Social Responsibility

A company demonstrating its social responsibility helps it build a good _____.

The practical rule states that an ethical decision is one that:

_____ have a claim on an organization because they bring to it their skills, expertise, and experience.

_____ can provide guidance when organizational members are uncertain about whether an action is ethical.

When one person starts to profit by behaving unethically it encourages other people to act in the same way.

Which of the following statements is true about stockholders?

Jim is comfortable with his decision and would have no problem with people reading about it on the front page of a morning paper. This indicates that he is following the practical rule.

A company's stance on social responsibility is the way its managers and employees view their obligation to make decisions that promote the well being of stakeholders and society as a whole.

Which of the following approaches is characterized with the highest degree of social responsibility?

Simon was confronted with a serious ethical dilemma. He responded with a solution that created the greatest good for the greatest number of people. Which ethical rule best describes his response?

The local communities in which an organization operates are seldom considered as stakeholders of the organization.

Robert and his HR team have adapted several existing company policies. He is unsure if all these policies can be implemented on ethical grounds. His team can approach a(n) _____ to resolve the matter.

When Bob was calculating the yearly bonuses for his employees, he paid particular attention to the individual employee scores to ensure that they were based on performance and not favoritism. Which ethical rule was Bob following?

Business ethics are only important because the failure of a company can solely have catastrophic effects on the goals of the company.

Under the moral rights rule, an ethical decision is one that distributes benefits and harms among people and groups in an equitable way.

Give specific examples of stakeholders of each major type that exist in your college or high school.

Steve has noticed that there has been an error in his weekly pay stub and the company has unknowingly paid him too much. Steve is pondering about whether to report this issue or not. This is an example of an ethical dilemma.

Though laws often change, ethical principles remain constant and do not change over time.

Customers are often regarded as the most important stakeholder group.

The people and groups affected by how a company and its managers behave are called its stakeholders.