BUSN101 – Chapter 4 Quiz – Flashcards
Unlock all answers in this set
Unlock answersquestion
Determining what is involved for a firm to be socially responsible
answer
varies even among those who are interested in corporate responsibility
question
Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of
answer
Situational ethics
question
Purposefully understating your firm's income to avoid paying higher taxes is an example of
answer
Illegal behavior
question
Compliance-based ethics codes
answer
conform to laws and regulations
question
One factor causing businesses to vigorously enforce ethical standards is the:
answer
fear of negative publicity
question
Establishing a formal code of ethics is:
answer
growing in popularity.
question
An ethical dilemma refers to a situation where you must
answer
choose between equally unsatisfactory alternatives
question
When Bagel Works employs in-store recycling, composting, and uses nontoxic cleaners, Bagel Works is participating in
answer
corporate responsibility
question
A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.
answer
compliance
question
Some critics of corporate social responsibility view spending money on CSR as:
answer
stealing from investors.
question
Business relationships often present ethical dilemmas that are:
answer
not easily resolved.
question
Ethical behavior at work is learned by:
answer
Observing the actions of others.
question
The danger in writing new laws to correct behavior is that:
answer
People may begin to think that any behavior that is legal is acceptable.
question
A(n) _______ -based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees.
answer
integrity
question
When a firm undertakes corporate social initiatives it is:
answer
Making donations that are directly related to a firm's corporate competency.
question
A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm's accounting records. This employee played the role of a:
answer
whistleblower.
question
Which of the following statements describes ethical behavior in the U.S.?
answer
We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.
question
The first step when facing an ethical dilemma is to ask:
answer
"Is it legal?"
question
The position a firm takes on issues that affect the corporation as well as society is known as its:
answer
corporate policy
question
A whistleblower is a person who
answer
reports illegal or unethical behavior in the corporation
question
The social audit is:
answer
a company report that measures the firm's social contributions inside and outside of the firm.
question
The majority of CEOs blame unethical employee conduct on
answer
a failure of leadership to establish ethical standards.
question
Following an ethics-based approach to decision making will normally lead to higher:
answer
trust and cooperation.
question
Which of the following is a characteristic of an effective ethics officer?
answer
(S)he has a capacity to serve as a counselor and an investigator.
question
Creating competition between employees within the corporation:
answer
can encourage employees to deceive customers.
question
Corporate social responsibility describes the firm's:
answer
concern for the welfare of society.
question
A recent study revealed that most Americans have:
answer
few moral absolutes.
question
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.
answer
Regulation FD (Fair Disclosure)
question
Ethical behavior will result in which of the following?
answer
Improved self-esteem - makes us feel good about our decision
question
Which of the following is an unresolved ethical issue that surrounds global trade?
answer
Labor standards
