Business Organizations & Management Chapter 4 – Flashcards
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The Foreign Corrupt Practices Act deals with:
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Bribery to obtain business
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A(n) _______-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees
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Integrity
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Ethical behavior covers a ________ range of conduct than legal behavior.
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Wider
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The Social Audit is:
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a company report that measures the firm's social contributions inside and outside of the firm.
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A very critical last step in the process of establishing an ethics code is ________.
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enforcement
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Considering the potential impact on others prior to making a decision is consistent with ________ behavior.
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ethical
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Environmental quality is considered to be a public good. This means that:
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everyone enjoys a cleaner environment regardless of who pays for it.
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Which of the following would be a unique focus of an integrity-based ethics code?
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Shared accountability among employees.
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After developing a code of ethics, it should be communicated to:
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everyone with whom the business has dealings.
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When working with international firms, U.S. businesses:
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expect socially responsible behavior from their business partners.
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A firm's carbon footprint is:
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the amount of carbon it releases in its effort to do business.
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People need to make a living. Under this circumstance, one of the best social programs a firm can offer is:
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a job.
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Which of the following is an unresolved ethical issue that surrounds global trade?
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Labor standards.
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A whistleblower is a person who:
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reports illegal or unethical behavior in the corporation.
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Companies are using _____________ to communicate their corporate social responsibility actions to their customers.
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Social Media
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With respect to business ethics, it can be said that "it takes two to tango." This indicates that:
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an individual's behavior is influenced by the behavior of others.
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Which of the following statements describes ethical behavior in the U.S.?
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We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage
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Management's philosophy at Apple, Inc., has often stated that a fit body contributes to more productivity at work. Apple provides exercise facilities at most of its sites across America, and permits employees to use a half-hour of work time each day to relieve stress through exercise. This serious position on physical fitness is part of Apple's _________.
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Corporate Policy.
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Top leaders in government and business today are:
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held to higher ethical standards than in the past.
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The green movement:
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has created jobs.
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Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?
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New laws making accounting records transparent may help restore trust.
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Going green means:
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increasing one's initiatives toward a concern for the environment.
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Obeying the law is ________ ethical behavior.
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the first step toward
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Corporate ________ covers issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution.
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responsibility
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When Donut Plaza employs in-store recycling and composting, and uses nontoxic cleaners, Donut Plaza is participating in:
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Corporate responsibility
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Which of the following indicates that U.S. businesses are demanding socially responsible behavior from their international suppliers?
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The decision of Phillips-Van Heusen to cancel orders from suppliers that violate its ethics code
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According to the Reaching Beyond Our Borders box, which of the following is true?
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Corporate ethics can clash with cultural ethics.
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Investors, today are realizing financial benefit by:
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investing in companies that are committed to a better environment.
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A payoff for socially conscious behavior is:
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new and loyal customers.
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What is the benefit of employing an ethics officer?
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This individual's job is dedicated to objectively investigating ethics breaches. If necessary, employees feel comfortable with communicating confidentially to this professional.
