Question 1

Managers are a vital stakeholder group because they are responsible for using a company's resources to increase its performance and thus its stock price.

Accepted Answer

A) True 
 B)False

Question 2

The guiding practices and beliefs through which a particular firm and its managers view their responsibilities to stakeholders are called _____.

Accepted Answer

A)   societal ethics
B)   occupational ethics
C)   individual ethics
D)   organizational ethics
E)   governmental ethics

Question 3

The idea that the pursuit of self-interest with no consideration for societal interests leads to disaster is called the _____.

Accepted Answer

A)   "tragedy of the commons"
B)   "market for lemons"
C)   "halo effect"
D)   "race to the bottom"
E)   "prisoner's dilemma"

Question 4

Which of the following statements is true about the role of organizational culture?

Accepted Answer

A)   The limited authority of ethics ombudsperson restricts organizational members in any department to communicate instances of unethical behavior by their managers or coworkers for fear of retribution.
B)   Ethics ombudspeople can provide guidance when organizational members are uncertain about whether an action is ethical.
C)   If top managers are perceived as being self-interested and not ethical, their subordinates are more likely to behave in an ethical manner.
D)   When ethical values and norms are part of an organization's culture, they help organizational members focus mainly on self-interested action.
E)   The actions of top managers such as CEOs are seldom scrutinized for ethical improprieties as their actions are independent of the values of their organizations.

Question 5

Stakeholders benefit in the long run from companies making the right choices.

Accepted Answer

A) True 
 B)False

Question 6

The utilitarian rule states that an ethical decision is a decision 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 an impartial manner.
D)   can be communicated with no reluctance.
E)   increases the financial effectiveness of the organization.

Question 7

The standards that govern how members of a profession should conduct themselves are called organizational ethics.

Accepted Answer

A) True 
 B)False

Question 8

A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n)  _____ approach.

Accepted Answer

A)   accommodative
B)   proactive
C)   defensive
D)   obstructionist
E)   offensive

Question 9

Which of the following statements is true of organizational ethics?

Accepted Answer

A)   Employees are much more likely to act unethically when a credo exists.
B)   Employees are more likely to act unethically when the company's top managers consistently endorse the ethical principles in its corporate credo.
C)   Top managers play the least important role in determining a company's ethics.
D)   The individual ethics of a company's founders and top managers are especially important in shaping the organization's code of ethics.
E)   They are standards that govern how members of a profession, trade, or craft should conduct themselves when performing work-related activities.

Question 10

Moral principles or beliefs about what is the right or appropriate way to behave are known as ethics.

Accepted Answer

A) True 
 B)False

Question 11

Bryan is the manager of a company which has been judged as having the best corporate reputation for two years in a row, based on a survey of country-wide consumers. This company is well known for its:

Accepted Answer

A)   compensation benefits.
B)   ethical culture.
C)   selection process.
D)   goal-setting process.
E)   strong leadership.

Question 12

The president at Protector's Insurance takes pride in the fact that his organization strives to behave legally and ethically. The company advocates an approach that tries to balance the interests of different stakeholders in relation to the claims of other stakeholders. What approach to social responsibility is the organization implementing?

Accepted Answer

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

Question 13

Which of the following statements is true about ethics?

Accepted Answer

A)   Ethics and laws are fixed principles.
B)   Ethical beliefs remain constant as time passes.
C)   Laws change to reflect the changing ethical beliefs of a society.
D)   Absolute and indisputable rules and principles can be developed to decide whether an action is ethical or unethical.
E)   Ethics evolve over time, but laws related to ethical beliefs remain constant.

Question 14

Trust refers to the esteem or high repute that people or organizations gain when they behave ethically.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is a method by which a company can act ethically toward employees and meet their expectations?

Accepted Answer

A)   By improving their products over time and providing guarantees to customers about the integrity of their products
B)   By selling customers quality products at a fair price and providing good after-sales service.
C)   By maximizing the stockholders' return on investments
D)   By creating an occupational structure that fairly and equitably rewards organizational members for their contributions
E)   By implementing a high power distance culture and discouraging decentralized decision making

Question 16

Web sites like Napster that allow free downloading of songs and movies illustrate the "tragedy of the commons" because pursuit of self interest only destroys societal interest.

Accepted Answer

A) True 
 B)False

Question 17

_____ companies are often at the forefront of campaigns for causes such as a pollution-free environment; recycling and conservation of resources; the minimization or elimination of the use of animals in drug and cosmetics testing; and the reduction of crime, illiteracy, and poverty.

Accepted Answer

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

Question 18

Describe the four rules of ethical decision making and discuss their managerial implications.

Accepted Answer

The four rules of ethical decision makin...

Question 19

"An ethical decision is one that a typical person in a society would think is acceptable"; this is a statement that reflects the practical rule.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following statements is true of the practical rule of ethical decision making?

Accepted Answer

A)   This rule emphasizes on distributing benefits and harms in an equitable way.
B)   This rule states that it is acceptable for a company to choose an unethical action if the action provides the greatest good for the greatest number of people.
C)   This rule requires managers to determine the fair or unfair rules and procedures for distributing outcomes to stakeholders.
D)   This rule states that an ethical decision is one that a manager will be hesitant or reluctant to communicate to people outside the company because the typical person in a society would think it is unacceptable.
E)   This rule ensures that managers will take into account the interests of all the stakeholders.

Exam 4: Ethics and Social Responsibility

Stakeholders benefit in the long run from companies making the right choices.

Correct Answer
verified

The standards that govern how members of a profession should conduct themselves are called organizational ethics.

Correct Answer
verified

Trust refers to the esteem or high repute that people or organizations gain when they behave ethically.

Correct Answer
verified

A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n) _____ approach.

Correct Answer
verified

"An ethical decision is one that a typical person in a society would think is acceptable"; this is a statement that reflects the practical rule.

Correct Answer
verified

Which of the following statements is true about ethics?

Correct Answer
verified

Moral principles or beliefs about what is the right or appropriate way to behave are known as ethics.

Correct Answer
verified

The guiding practices and beliefs through which a particular firm and its managers view their responsibilities to stakeholders are called _____.

Correct Answer
verified

Which of the following statements is true of the practical rule of ethical decision making?

Correct Answer
verified

The idea that the pursuit of self-interest with no consideration for societal interests leads to disaster is called the _____.

Correct Answer
verified

Correct Answer
verified

Managers are a vital stakeholder group because they are responsible for using a company's resources to increase its performance and thus its stock price.

Correct Answer
verified

Bryan is the manager of a company which has been judged as having the best corporate reputation for two years in a row, based on a survey of country-wide consumers. This company is well known for its:

Correct Answer
verified

_____ companies are often at the forefront of campaigns for causes such as a pollution-free environment; recycling and conservation of resources; the minimization or elimination of the use of animals in drug and cosmetics testing; and the reduction of crime, illiteracy, and poverty.

Correct Answer
verified

Which of the following statements is true about the role of organizational culture?

Correct Answer
verified

Web sites like Napster that allow free downloading of songs and movies illustrate the "tragedy of the commons" because pursuit of self interest only destroys societal interest.

Correct Answer
verified

Which of the following statements is true of organizational ethics?

Correct Answer
verified

Describe the four rules of ethical decision making and discuss their managerial implications.

Correct Answer
verified
The four rules of ethical decision makin...
View Answer

Which of the following is a method by which a company can act ethically toward employees and meet their expectations?

Correct Answer
verified

The utilitarian rule states that an ethical decision is a decision that:

Correct Answer
verified

Exam 4: Ethics and Social Responsibility

Stakeholders benefit in the long run from companies making the right choices.

Correct AnswerverifiedShow Answer

The standards that govern how members of a profession should conduct themselves are called organizational ethics.

Correct AnswerverifiedShow Answer

Trust refers to the esteem or high repute that people or organizations gain when they behave ethically.

Correct AnswerverifiedShow Answer

A company that expects its managers to behave ethically to the degree that they stay within the law is acting with a(n) _____ approach.

Correct AnswerverifiedShow Answer

"An ethical decision is one that a typical person in a society would think is acceptable"; this is a statement that reflects the practical rule.

Correct AnswerverifiedShow Answer

Which of the following statements is true about ethics?

Correct AnswerverifiedShow Answer

Moral principles or beliefs about what is the right or appropriate way to behave are known as ethics.

Correct AnswerverifiedShow Answer

The guiding practices and beliefs through which a particular firm and its managers view their responsibilities to stakeholders are called _____.

Correct AnswerverifiedShow Answer

Which of the following statements is true of the practical rule of ethical decision making?

Correct AnswerverifiedShow Answer

The idea that the pursuit of self-interest with no consideration for societal interests leads to disaster is called the _____.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Managers are a vital stakeholder group because they are responsible for using a company's resources to increase its performance and thus its stock price.

Correct AnswerverifiedShow Answer

Bryan is the manager of a company which has been judged as having the best corporate reputation for two years in a row, based on a survey of country-wide consumers. This company is well known for its:

Correct AnswerverifiedShow Answer

_____ companies are often at the forefront of campaigns for causes such as a pollution-free environment; recycling and conservation of resources; the minimization or elimination of the use of animals in drug and cosmetics testing; and the reduction of crime, illiteracy, and poverty.

Correct AnswerverifiedShow Answer

Which of the following statements is true about the role of organizational culture?

Correct AnswerverifiedShow Answer

Web sites like Napster that allow free downloading of songs and movies illustrate the "tragedy of the commons" because pursuit of self interest only destroys societal interest.

Correct AnswerverifiedShow Answer

Which of the following statements is true of organizational ethics?

Correct AnswerverifiedShow Answer

Describe the four rules of ethical decision making and discuss their managerial implications.

Correct AnswerverifiedThe four rules of ethical decision makin...View AnswerShow Answer

Which of the following is a method by which a company can act ethically toward employees and meet their expectations?

Correct AnswerverifiedShow Answer

The utilitarian rule states that an ethical decision is a decision that:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
The four rules of ethical decision makin...
View Answer

Correct Answer
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Correct Answer
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