Flashcards on Chapter 4

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Ethical problems and issues of social responsibility are:
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not unique to the United States.
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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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Compliance-based ethics codes:
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conform to laws and regulations.
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Investors, today are realizing financial benefit by:
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investing in companies who are committed to a better environment.
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When discussing moral and ethical issues, it is helpful to remember that ethical behavior begins with __________________.
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each of us
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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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The Foreign Corrupt Practices Act deals with:
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bribery to obtain business.
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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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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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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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In the past, whistleblowers were known as persons with a universal moral calling. However, seldom did these individuals receive tangible rewards for their efforts. When it was all said and done, they often fell into hard times. Whistleblowers got a boost in 2010, with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act. A provision of this act permits whistleblowers to _____________________.
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Receive up to 30% of the penalty funds that exceed $1 million that the courts recover from companies proven to be in violation.
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Laws represent the standards of ________ behavior.
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legal
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Ethical behavior will result in which of the following?
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Improved self-esteem – makes us feel good about our decision.
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Creating competition between employees within the corporation:
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can encourage employees to deceive customers.
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Following an ethics-based approach to decision making will normally lead to higher:
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trust and cooperation.
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Compliance based ethics codes typically:
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rely on laws and regulations outside the firm for guidance.
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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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One factor causing businesses to vigorously enforce ethical standards is the:
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fear of negative publicity.
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The danger in writing new laws to correct behavior is that:
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People may begin to think that any behavior that is legal is acceptable.
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An ethical dilemma refers to a situation where you must:
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choose between equally unsatisfactory alternatives.

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