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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 91

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The ethical standards by which international political leaders are judged are more lenient today than they were in years past.

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Question 92

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Corporate philanthropy refers to the position a firm takes on social and political issues.

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Question 93

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Which of the following is a reason why a business should be managed ethically?

In order to avoid insider trading,the SEC (Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner,rather than just to a few persons.

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

Which of the following is a characteristic of an effective ethics officer?

A friend offers to share with you a term paper previously prepared for her Introduction to Business class last semester.When you tell her that it wouldn't be fair,she reminds you of your habit of reading an entire Harry Potter book at the local bookstore without paying for the book.Which ethics-based question would be most helpful in evaluating these situations?

In recent years,progressive firms have embarked upon ___________,where they will commit company resources and expertise toward helping-out in emergency type situations.

Although the green movement is a social trend,it is difficult to predict its future contributions to society. Currently renewable-energy and energy-efficiency industries account for 8.5 million jobs and by 2030,the prediction is that this figure will jump to 40 million more jobs in engineering,manufacturing,construction,accounting,and management.

Behavior that is in conflict with your values and sense of right and wrong can damage your self esteem. Ethics-based managers do what is proper as well as what is profitable.Decisions that go against their sense of right and wrong corrode their self-esteem.

A growing number of people feel that an employee's ethics are a personal matter,and have nothing to do with management.

Corporate social responsibility describes the firm's:

The Hum-dinger Corporation recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

As a manager,you have a responsibility for the unethical behavior of your employees. Individuals do not usually act alone.They need the implied,if not the direct,cooperation of others to behave unethically in a corporation.

Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity towards the environment.

Some critics of corporate social responsibility view spending money on CSR as:

Ethical problems and issues of social responsibility are:

Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitment to improving business's moral and ethical behavior. Ethical behavior begins with you and me.We cannot expect society to become more moral and ethical unless we as individuals commit to becoming more moral and ethical ourselves.

Which of the following people would be most in favor of CSR (Corporate Social Responsibility) ?

An accurate statement regarding this chapter is: "Business law establishes ethical behavior." The most basic step in ethical behavior is the law,but ethics go far beyond legality.