Question 1

A(n)  ________ is considered an external stakeholder of an organization.

Accepted Answer

A)   employee
B)   customer
C)   trustee
D)   director
E)   stockholderF) C) and D)
G) A) and B)

Question 2

Describe the global tragedy of the commons and provide an example of this situation.

Accepted Answer

No one owns the atmosphere or the oceans...

Question 3

Which of these companies has adopted unethical practices?

Accepted Answer

A)   Gemini Inc. ceased its operations in some developing nations on account of low employment standards in those countries.
B)   ModernMeds Corp. sells its medicines at a lower price in less developed nations.
C)   Capricorn Inc., a multinational company operating in developing nations, pays its labor 30 percent more than what the local competitors pay.
D)   Centaur Inc. closed down a production plant as the local management there employed child labor.
E)   ClearLand Inc. sends its waste products for disposal to a developing nation because the pollution control laws in its home country are stricter than those in the developing nation.F) A) and D)
G) B) and D)

Question 4

Which of these employees is facing an ethical dilemma?

Accepted Answer

A)   Javier has felt unsure about a car he purchased and has been reading only good reviews about the car to console himself.
B)   After seeing a whole new collection of phones at a store, Max is regretting the purchase of an outdated phone he made last month.
C)   The manager at Almas Inc. has to make a vendor choice between his underqualified cousin and a highly-experienced, trusted supplier.
D)   Salena is responsible for deciding whether she should upgrade the manufacturing unit with new machines and reduce costs or retain the impoverished manual labor force.
E)   Lars has to decide whether the annual profits of the company should be distributed to the employees as a salary hike or in the form of non-monetary benefits.F) A) and D)
G) A) and E)

Question 5

Which company is contributing to the global tragedy of the commons?

Accepted Answer

A)   a firm exploiting the weak employment standards in a host nation
B)   a firm dumping its chemical wastes directly into an ocean
C)   a firm exploiting the weak intellectual property rights in a developing nation
D)   a neighboring country opposing the introduction of a free trade area
E)   a country denying its citizens basic human rightsF) A) and D)
G) B) and C)

Question 6

The apartheid system was based on a violation of

Accepted Answer

A)   environmental standards.
B)   human rights.
C)   educational standards.
D)   totalitarian beliefs.
E)   religious principles.F) A) and D)
G) A) and C) B

Question 7

An individual's personal ethical code generally has little influence on their behavior in business.

Accepted Answer

A) True 
 B)False

Question 8

The veil of ignorance, a conceptual device designed by John Rawls, supports

Accepted Answer

A)   impartiality in justice.
B)   oppression of people by totalitarian governments.
C)   economic suppression of people.
D)   apartheid laws.
E)   cultural relativism.F) A) and B)
G) B) and E)

Question 9

Unfortunately, it is common in business practices to assume that people from different cultures make ethical decisions using the same process.

Accepted Answer

A) True 
 B)False

Question 10

Justice theories primarily focus on

Accepted Answer

A)   minimizing the amount of political liberty permitted to each person.
B)   the attainment of fair and equitable distribution of economic goods and services.
C)   the attainment of maximum business profits.
D)   protecting multinationals in case they violate fundamental human rights.
E)   minimizing the amount of economic freedom permitted to each person.F) B) and D)
G) C) and D)

Question 11

Over the past few years, three new factories have been built near Pleasantown. A four-acre area of land lies between these three factories and since no one "owns" this land, all three factories are using it as a landfill to dump waste products. The once-beautiful land is now encased in garbage. What phenomenon does this portray?

Accepted Answer

A)   social loafing
B)   cultural relativism
C)   tragedy of the commons
D)   deadweight loss
E)   antidumpingF) C) and D)
G) None of the above

Question 12

Speed money, or grease payments, are payments made to

Accepted Answer

A)   secure contracts that would not otherwise be secured.
B)   obtain exclusive preferential treatment in a foreign market.
C)   influence foreign bureaucrats in the company's favor.
D)   ensure a business receives the standard treatment that it ought to receive.
E)   secure monopoly rights in less developed countries.F) All of the above
G) A) and D) D

Question 13

When thinking through an ethical issue, the first step you should take is to

Accepted Answer

A)   identify which stakeholders a decision would affect and in what ways.
B)   judge the ethics of the proposed strategic decision.
C)   establish a moral intent.
D)   audit a decision to check for its consistency with ethical principles.
E)   review a decision to check for its consistency with Rawls's veil of ignorance.F) A) and C)
G) B) and E)

Question 14

The core idea behind sustainability is for business to NOT exert a negative impact on the ability of future generations to meet their own economic needs.

Accepted Answer

A) True 
 B)False

Question 15

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

Accepted Answer

A)   make it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.
B)   make bribery of foreign officials a criminal offense but not consider facilitating payments a criminal offense.
C)   make grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.
D)   consider payment of speed money to be moral, but illegal.
E)   make it obligatory for companies to adopt a zero-tolerance approach toward grease payments.F) B) and C)
G) All of the above B

Question 16

In a business setting, which of these practices is most likely to be considered unethical?

Accepted Answer

A)   allowing managers within a company to act in accordance with rights theories
B)   promoting employees who engage in ethical behavior and penalizing those who do not
C)   hiring independent auditors to ensure that subcontractors used by the company are applying its code of conduct
D)   making sure that key business decisions make good economic sense irrespective of their social costs and risks
E)   informing prospective employees about the ethical climate in the organizationF) A) and B)
G) A) and D)

Question 17

According to the utilitarian perspective, the best decisions are those that

Accepted Answer

A)   maximize a firm's profit.
B)   maximize stockholders' wealth.
C)   have greater social costs than benefits.
D)   produce the greatest good for the greatest number of people.
E)   result in the justified treatment of a minority.F) B) and C)
G) A) and B)

Question 18

CopperTech Inc. believes that the sole purpose of its existence is to maximize profits for its stockholders. The firm has often been criticized for not engaging in any social investments. However, the firm has been praised for abiding by the laws while earning profits. Which philosophical approach to ethics does this demonstrate?

Accepted Answer

A)   Friedman doctrine
B)   Utilitarianism
C)   Kantian ethics
D)   Sullivan's principles
E)   Naive immoralistF) B) and E)
G) A) and E)

Question 19

Within organizational culture, ________ are abstract ideas about what a group thinks is good, right, and desirable.

Accepted Answer

A)   folkways
B)   norms
C)   values
D)   attitudes
E)   moresF) A) and C)
G) C) and D)

Question 20

Renata believes that it is the obligation of the state government to provide food and shelter for every citizen. Renata believes that government should act as

Accepted Answer

A)   a straw man.
B)   common ground.
C)   a social folkway.
D)   a moral agent.
E)   a naive immoralist.F) D) and E)
G) B) and D)

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

A(n) ________ is considered an external stakeholder of an organization.

Correct Answer
verified

Describe the global tragedy of the commons and provide an example of this situation.

Correct Answer
verified
No one owns the atmosphere or the oceans...
View Answer

Which of these companies has adopted unethical practices?

Correct Answer
verified

Which of these employees is facing an ethical dilemma?

Correct Answer
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Which company is contributing to the global tragedy of the commons?

Correct Answer
verified

The apartheid system was based on a violation of

Correct Answer
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B

An individual's personal ethical code generally has little influence on their behavior in business.

Correct Answer
verified

The veil of ignorance, a conceptual device designed by John Rawls, supports

Correct Answer
verified

Unfortunately, it is common in business practices to assume that people from different cultures make ethical decisions using the same process.

Correct Answer
verified

Justice theories primarily focus on

Correct Answer
verified

Correct Answer
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Speed money, or grease payments, are payments made to

Correct Answer
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D

When thinking through an ethical issue, the first step you should take is to

Correct Answer
verified

The core idea behind sustainability is for business to NOT exert a negative impact on the ability of future generations to meet their own economic needs.

Correct Answer
verified

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

Correct Answer
verified
B

In a business setting, which of these practices is most likely to be considered unethical?

Correct Answer
verified

According to the utilitarian perspective, the best decisions are those that

Correct Answer
verified

Correct Answer
verified

Within organizational culture, ________ are abstract ideas about what a group thinks is good, right, and desirable.

Correct Answer
verified

Renata believes that it is the obligation of the state government to provide food and shelter for every citizen. Renata believes that government should act as

Correct Answer
verified

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

A(n) ________ is considered an external stakeholder of an organization.

Correct AnswerverifiedShow Answer

Describe the global tragedy of the commons and provide an example of this situation.

Correct AnswerverifiedNo one owns the atmosphere or the oceans...View AnswerShow Answer

Which of these companies has adopted unethical practices?

Correct AnswerverifiedShow Answer

Which of these employees is facing an ethical dilemma?

Correct AnswerverifiedShow Answer

Which company is contributing to the global tragedy of the commons?

Correct AnswerverifiedShow Answer

The apartheid system was based on a violation of

Correct AnswerverifiedB

An individual's personal ethical code generally has little influence on their behavior in business.

Correct AnswerverifiedShow Answer

The veil of ignorance, a conceptual device designed by John Rawls, supports

Correct AnswerverifiedShow Answer

Unfortunately, it is common in business practices to assume that people from different cultures make ethical decisions using the same process.

Correct AnswerverifiedShow Answer

Justice theories primarily focus on

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Speed money, or grease payments, are payments made to

Correct AnswerverifiedD

When thinking through an ethical issue, the first step you should take is to

Correct AnswerverifiedShow Answer

The core idea behind sustainability is for business to NOT exert a negative impact on the ability of future generations to meet their own economic needs.

Correct AnswerverifiedShow Answer

The result of the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions was to

Correct AnswerverifiedB

In a business setting, which of these practices is most likely to be considered unethical?

Correct AnswerverifiedShow Answer

According to the utilitarian perspective, the best decisions are those that

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Within organizational culture, ________ are abstract ideas about what a group thinks is good, right, and desirable.

Correct AnswerverifiedShow Answer

Renata believes that it is the obligation of the state government to provide food and shelter for every citizen. Renata believes that government should act as

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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No one owns the atmosphere or the oceans...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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B

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D

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B

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