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Exam 4: Ethics and Social Responsibility

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Question 1

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_________ are persons or groups with a stake,or legitimate interest,in a company's actions.

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Question 2

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Which of the following is an argument put forth by economist Milton Friedman? 

A)  ​A law represents the minimal moral standards of society, so an individual should never take any action that violates the law. 
B)  ​It is unethical to take any action that is not in an organization's long-term self-interest. 
C)  ​It is socially irresponsible for companies to divert time, money, and attention from maximizing profits to social causes and charitable organizations. 
D)  ​An individual's ethical decision is based on his or her level of moral development.

E) A) and B)
F) B) and C)

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Question 3

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Managers can use overt integrity tests to _____.

When addressing an issue of _____,managers are more aware of the impact their decision will have on others.

Red Spark Inc.,a multinational electronics manufacturer,recently came under close scrutiny after it was involved in a major money laundering scam.The scam had adversely affected the careers of more than two hundred employees of Red Spark despite the fact that they were not involved in the scam.This scenario illustrates that the scam had a: 

The act of reporting others' ethics violations to management or legal authorities is known as _________.

Which of the following is an objective of ethics training? 

According to the _____,the only social responsibility that businesses have is to maximize profits.

According to the US Sentencing Commission Guidelines for Organizations,which of the following steps should be followed immediately after the standards and procedures for an effective compliance program have been established? 

When businesses enhance their reputations by being socially responsible,they hope to maximize _________. A.utilitarian benefits B.the opportunity cost of a choice C.willingness to pay D.distributive justice

Maxwell Lights Inc.,a fireworks company,has workers operating under dangerous working conditions.Last year,one of its workers died on the jo B.Nevertheless,the company took a long time to acknowledge its responsibility for the accident.The worker's family was compensated only after several months.Moreover,the money received by the worker's family was only half of what they should have actually been paid.Which of the following social responsiveness strategies is the company using? 

The principle of government requirements states that one should never take an action that does not result in greater good for society.

Which of the following stakeholder groups does not engage in regular transactions with a company? 

For a code of ethics to encourage ethical decision making and behavior in a company,_____.

The greater the corporate responsibility in conducting,encouraging,or sanctioning illegal or unethical activity,the lower the culpability score.

The _________ holds that an individual should never do anything that is not honest,open,and truthful and that he or she would not be glad to see reported in the newspapers or on television. A.principle of government requirements B.principle of distributive justice C.principle of personal virtue D.principle of utilitarian benefits

Which of the following statements is true of the relationship between social responsibility and economic performance? 

When ten customers of Niall's Eatery fell seriously ill after dining at the restaurant,the issue was noticed by the public.The public demanded that the restaurant's kitchen be thoroughly inspected and the patients be compensated.However,the management at Niall's Eatery denied all claims that the customers had fallen ill by consuming the food served by the restaurant.Furthermore,the management was against any inspection on the kitchen.Which of the following social responsiveness strategies is the restaurant using? 

Horizon Inc.,a local electronics manufacturing company,produces a significant amount of electronic waste every day.The company disposes the waste in the ocean despite strict government regulations regarding waste disposal.This scenario illustrates that Horizon has failed to fulfill its _____.

Secondary stakeholders are important to a company because: