Question 1

America's business ethics can improve simply by requiring written contracts with employees,customers,and owners.This alone will do the job!

Accepted Answer

A) True 
 B)False

Question 2

A code of ethics designed to avoid criminal misconduct is an example of a compliance-based ethics code.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following statements describes ethical behavior in the U.S.?

Accepted Answer

A)   Due to the diverse cultures that make-up the U.S.it is difficult to identify common standards of ethical behavior.
B)   The only common standards of ethical behavior in the U.S.are reflected in religious teachings.
C)   We can find common moral values that many Americans uphold,including respect for human life,self-control,honesty,integrity,and courage.
D)   Americans will generally describe the golden rule as the only statement of value that they upholD.E) B) and C)
F) None of the above

Question 4

In the discussion of corporate social responsibility,stakeholders and stockholders refer to the same group.

Accepted Answer

A) True 
 B)False

Question 5

A very critical last step in the process of establishing an ethics code is _________.

Accepted Answer

A)   middle management support
B)   training
C)   enforcement
D)   identification of the organizational ethics officerE) All of the above
F) A) and C)

Question 6

An important source of public scrutiny is "watchdogs".These are:

Accepted Answer

A)   the efforts of a firm's competitors,including how often the competitors attack the firm's strategies.
B)   tax payer supported government agencies that limit a firm's ability to compete foreign markets.
C)   these are companies designated by the government to only produce products that support the government defense program.
D)   these are socially conscious groups that make it their mission to measure the social responsibility levels of businesses,and provide consumers with their opinions about the level of corporate responsibility of various companies.E) All of the above
F) A) and C)

Question 7

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself?"

Accepted Answer

A) True 
 B)False

Question 8

Corporate philanthropy refers to the position a firm takes on issues that affect society.

Accepted Answer

A) True 
 B)False

Question 9

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage.In keeping within the legal limits of the law,the employees are within their compliance-based ethics rights.

Accepted Answer

A) True 
 B)False

Question 10

Provide examples that serve to explain the differences between the following terms: (1)corporate responsibility; (2)corporate social initiatives; (3)corporate philanthropy.

Accepted Answer

Corporate responsibility refers to a fir...

Question 11

Insider trading occurs when employees of publicly traded companies use private company information to profit in the stock market.

Accepted Answer

A) True 
 B)False

Question 12

Environmental quality is considered to be a public good.This means that:

Accepted Answer

A)   ultimately it is the public that pays for environmental clean up.
B)   businesses have a responsibility to minimize their environmental pollution.
C)   everyone enjoys a cleaner environment regardless of who pays for it.
D)   society places a higher value on private goods and services.E) B) and C)
F) None of the above

Question 13

In order to maintain a good reputation,it is good strategy to manage your business ethically.

Accepted Answer

A) True 
 B)False

Question 14

A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm's accounting records.This employee played the role of a:

Accepted Answer

A)   whistleblower.
B)   horn blower.
C)   cheerleader.
D)   moral policeman.E) All of the above
F) A) and B)

Question 15

A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

Accepted Answer

A)   legal
B)   corporate responsibility
C)   compliance
D)   integrityE) None of the above
F) C) and D)

Question 16

What is the benefit of employing an ethics officer?

Accepted Answer

A)   This professional serves as a law-enforcement officer,with the authority to arrest employees who do not abide by the ethics code.
B)   This individual writes the ethics code and keeps this document current.He has sole authority to change the document as he sees fit.
C)   This professional has the responsibility to make certain that the ethics code remains a private company document;however,since the position has very little authority,it becomes a token job with high turnover.
D)   This individual's job is dedicated to objectively investigating ethics breaches.If necessary,employees feel comfortable with communicating confidentially to this professional.E) None of the above
F) A) and C)

Question 17

The purpose of a(n) ________ is to evaluate an organization's progress towards implementing programs that are socially responsible and responsive.

Accepted Answer

A)   accountability review
B)   social audit
C)   federal disclosure statement
D)   annual reportE) All of the above
F) A) and B)

Question 18

Investors,today are realizing financial benefit by:

Accepted Answer

A)   investing in companies who only operate in stable environments.
B)   investing in firms that have abundant resources for social initiatives.
C)   investing in companies who are committed to a better environment.
D)   investing in companies who are leaving a sizeable carbon footprint.E) A) and D)
F) All of the above

Question 19

The Green Movement:

Accepted Answer

A)   is not a good strategic consideration for contemporary firms.
B)   will never benefit a firm financially.
C)   is benefiting all firms financially.
D)   has created jobs.E) C) and D)
F) B) and C)

Question 20

In order to do the right thing for all stakeholders,a business should be managed ethically.

Accepted Answer

A) True 
 B)False

Exam 4: Demanding Ethical and Socially Responsible Behavior

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself?"

Correct AnswerverifiedShow Answer

A code of ethics designed to avoid criminal misconduct is an example of a compliance-based ethics code.

Correct AnswerverifiedShow Answer

In order to maintain a good reputation,it is good strategy to manage your business ethically.

Correct AnswerverifiedShow Answer

Corporate philanthropy refers to the position a firm takes on issues that affect society.

Correct AnswerverifiedShow Answer

Insider trading occurs when employees of publicly traded companies use private company information to profit in the stock market.

Correct AnswerverifiedShow Answer

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage.In keeping within the legal limits of the law,the employees are within their compliance-based ethics rights.

Correct AnswerverifiedShow Answer

A very critical last step in the process of establishing an ethics code is _________.

Correct AnswerverifiedShow Answer

An important source of public scrutiny is "watchdogs".These are:

Correct AnswerverifiedShow Answer

Provide examples that serve to explain the differences between the following terms: (1)corporate responsibility; (2)corporate social initiatives; (3)corporate philanthropy.

Correct AnswerverifiedCorporate responsibility refers to a fir...View AnswerShow Answer

Environmental quality is considered to be a public good.This means that:

Correct AnswerverifiedShow Answer

A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

Correct AnswerverifiedShow Answer

In the discussion of corporate social responsibility,stakeholders and stockholders refer to the same group.

Correct AnswerverifiedShow Answer

A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm's accounting records.This employee played the role of a:

Correct AnswerverifiedShow Answer

America's business ethics can improve simply by requiring written contracts with employees,customers,and owners.This alone will do the job!

Correct AnswerverifiedShow Answer

In order to do the right thing for all stakeholders,a business should be managed ethically.

Correct AnswerverifiedShow Answer

The purpose of a(n) ________ is to evaluate an organization's progress towards implementing programs that are socially responsible and responsive.

Correct AnswerverifiedShow Answer

Which of the following statements describes ethical behavior in the U.S.?

Correct AnswerverifiedShow Answer

The Green Movement:

Correct AnswerverifiedShow Answer

Investors,today are realizing financial benefit by:

Correct AnswerverifiedShow Answer

What is the benefit of employing an ethics officer?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Corporate responsibility refers to a fir...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified