ch. 4 sg – Flashcard Answers
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In a corporation, a(n) _______________________refers to ethical standards that define the organization's guiding values, create an environment that supports ethically sound behavior, and stress a shared accountability among employees.
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Integrity based ethics codes
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____________________________ is the dimension of social responsibility that includes charitable donations.
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Corporate philanthropy
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A business's concern for the welfare of a society as a whole is called __________________________.
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Corporate social responsibility
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A dimension of social responsibility known as _____________________ includes everything from hiring minority workers to making safe products.
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Corporate responsibility
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An unethical activity called _______________________occurs when insiders use private company information to further their own fortunes or those of their family and friends.
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Insider trading
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People who report illegal or unethical behavior are known as _______________________.
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Whistleblowers
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Enhanced forms of corporate philanthropy called __________________________ are more directly related to the company's competencies.
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Corporate social initiatives
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Which of these actions is least likely to restore the trust of the American public in the free market system?
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Define the concept of ethics more narrowly, and make the definition closer to the definition of legality.
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The difference between ethics and legality is that:
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Legality reflects how people should treat each other, while ethics is more limiting.
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A survey revealed that:
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many Americans decide what's ethical behavior based upon the situation in which
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According to the text, ethical behavior begins with:
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You and me.
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Sometimes an obvious choice from an ethical standpoint has personal or professional drawbacks. An example might be when a supervisor asks you to do something unethical, and you face negative consequences if you refuse. When you are in such a situation you are faced with:
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an ethical dilemma .
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Which of the following is not included as one of the questions we must ask when faced with an ethical dilemma?
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Is it okay if everyone else is doing it?
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The most basic step in an ethics based management system is asking the question:
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Is it legal?
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Which of the following is the best reason for a business to be managed ethically?
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An ethically managed business can reduce employee turnover.
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Organizational ethics begin
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at the top levels of management.
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Which of the following is not a part of an integrity-based ethics code?
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emphasizes penalizing of wrong-doers
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According to the text, which of the following actions is probably most critical In establishing an effective ethics program?
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The ethics code must be enforced with timely action if any rules are broken.
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A logistics company, TNT keeps an emergency response team on standby to go anywhere in the world at 48 hours notice. This is an example of:
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corporate social initiatives
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Defenders of corporate social responsibility (CSR) believe:
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businesses owe their existence to the societies they serve.
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Being energy conscious, ensuring that employees have a safe working environment, and monitoring corporate hiring policies to prevent discrimination is part of:
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corporate responsibility.
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In terms of social responsibility, many people believe that
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it makes financial and moral sense to invest in companies that plan ahead to create a better environment.
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In terms of social responsibility, the "contented cow" idea states that
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companies that treat employees with respect will make a difference in the bottom line.
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Maria Hernandez is a secretary at Big Bud's Brewery a major U.S. brewer of specialty beers. Maria was at lunch with her friend Olga, who is the Administrative Assistant to the president of the Brewery, January Flower. Olga mentioned that she overheard her boss talking to a potential buyer of Big Bud's Brewery. Maria began thinking that perhaps she should buy some extra stock in the company, as the price was most likely to go up if the company was going to be sold. If Maria does buy the stock before the sale of Big Bud's is publicly announced, she:
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could be accused of insider trading.
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Which of the following is not one of the watchdog groups that evaluate how well companies enforce their ethical and social responsibility policies?
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Employees
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Government and business leaders are being held to:
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higher ethical standards than in the past.
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American businesses are:
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demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues.
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One danger in writing new laws to correct behavior is that people may begin to think that any behavior that is within the law is also ethically acceptable.
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T
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Ethics and legality are basically the same thing.
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F
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Solutions to ethical problems are usually easily determined.
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F
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In an organization, ethics begin at the top.
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T
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One of the reasons for ethical management is to avoid lawsuits.
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T
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Compliance-based ethics codes define an organization's guiding values, create an environment that supports ethical behavior and stresses shared accountability.
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T
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One step to the success of enforcing an ethics code is the selection of an ethics officer.
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T
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It's not important for employees to be given a specific ethics code. They should be aware of what constitutes ethical behavior without being told.
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F
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Whistleblowers are individuals who report unethical or illegal behavior in an organization.
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T
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Corporate social responsibility is the concern businesses have for their profitability.
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F
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In reality, it appears that even people who want to be socially responsible can't define what being socially responsible means.
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T
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One of the best ways to please customers is to hide product defects from them.
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F
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Insider trading involves employees buying and selling the stock of the company by which they are employed.
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F
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Businesses have a responsibility to employees to create jobs.
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T
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A carbon footprint can be defined as the amount of carbon released during the production, distribution, consumption and disposal of a product.
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T
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Ethical problems and issues of social responsibility are unique to the United States.
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F
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Nike has been accused of treating workers in some parts of the world unfairly, and has begun an effort to improve its reputation.
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T
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