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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 121

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People should look at each situation individually and decide for themselves if it is right or wrong.

A) True
B) False

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Question 122

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Effective corporate values start with employees and develop throughout the organization to include top management.

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B) False

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Question 123

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Due to the fact that American ethical standards are very clear-cut,international suppliers do not have difficulty adhering to them.

Management can create an environment in which unethical behavior can develop.

Identify and discuss the social responsibilities of a firm,to three of the four stakeholder groups described in your textbook.

The question "Is it legal?" establishes ethical behavior.

Recent surveys indicate that U.S.customers are willing to pay a little more to purchase garments from companies who promote worker-friendly environments.

Since most ethics violations are small and rather insignificant in nature,employees need to understand that addressing these issues is secondary to making profits.CEOs may be justified in putting these on the back-burner,waiting for more convenient moments to address them. Ethics violations should be addressed in a timely manner,and with timely action.By enforcing the ethics code with timely action,leadership impresses upon all employees that the code is serious.

Determining what is involved for a firm to be socially responsible:

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

Following an ethics-based approach to decision making will normally lead to higher:

Legal behavior is directly related to our relationships with others,while ethical behavior is not. Legal behavior and ethical behavior are directly related to our relationships with others.

You are in a business meeting at work that requires your group to make an ethical decision.Your willingness to post the final decision on the bulletin board in the break room for all to see passes the test: "How will it make me feel about myself?" By posting the decision on the company bulletin board,you are demonstrating that you stand behind the decision that was made;that you believe it is an ethical decision,and you do not need to hide your actions from your coworkers.

Top leaders in government and business today are:

Due to their significant economic power,large multinational firms can ignore the ethical standards of a society without consequences. Nike and McDonald's are both international firms that have been criticized for actions that some view as unethical.

The social audit is:

Corporate values,like personal values,are learned by observing what others do.

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

People involved in business may be tempted to do something unethical in order to increase sales and profits,but rarely do because if they are caught,our legal system will deal harshly with them. Many immoral and unethical acts fall well within our laws,but "white collar" crime has not always been harshly punished.

When it comes to social responsibility,some people feel that "before you can do good,you must do well." This reflects a firm's primary responsibility to its: