Question 1

Explain corporate social responsibility and describe how the concept of noblesse oblige factors into this concept.

Accepted Answer

The concept of corporate social responsi...

Question 2

Discuss the link between the concept of sustainability and the tragedy of the commons.

Accepted Answer

A company pursuing a sustainable strateg...

Question 3

What situation is most likely to lead to unethical behavior in a business setting?

Accepted Answer

A)   a strong sense of personal ethics exhibited by employees
B)   expatriate managers working away from their ordinary social context and supporting culture
C)   providing managers with a moral compass or an ethical algorithm
D)   large business corporations making social investments in host countries
E)   multinational corporations advocating the concept of noblesse obligeF) A) and D)
G) B) and D)

Question 4

________ is the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Accepted Answer

A)   Factor endowment
B)   Tragedy of the commons
C)   Corporate dynamism
D)   Corporate social responsibility
E)   Economies of scaleF) C) and D)
G) A) and B)

Question 5

Discuss any two straw men approaches to business ethics.

Accepted Answer

Straw men approaches to business ethics ...

Question 6

An external stakeholder includes any individuals and groups that have some type of direct or indirect claim on a company.

Accepted Answer

A) True 
 B)False

Question 7

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Accepted Answer

A) True 
 B)False

Question 8

The straw man approach of righteous moralism is typically associated with managers from

Accepted Answer

A)   developing countries.
B)   totalitarian nations.
C)   BRIC nations.
D)   developed nations.
E)   war-torn countries.F) A) and D)
G) None of the above

Question 9

In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they

Accepted Answer

A)   fail to take into account the ethical dimension of business decisions.
B)   ignore business variables such as cost, delivery, and product quality.
C)   have a strong system of personal ethics.
D)   abide by the concept of noblesse oblige.
E)   believe that social investments made by their companies can always compensate for their unethical actions.F) B) and E)
G) A) and E)

Question 10

The ________ step in ethical decision making helps businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics.

Accepted Answer

A)   judging the ethics of the proposed decision
B)   auditing past decisions
C)   establishing a moral intent
D)   involving moral imagination
E)   identifying the concerned stakeholdersF) A) and B)
G) A) and C)

Question 11

According to ________, people should be treated as ends and never purely as means to the ends of others.

Accepted Answer

A)   Kantian ethics
B)   Friedman doctrine
C)   cultural relativism
D)   righteous moralism
E)   naive immoralismF) None of the above
G) A) and C)

Question 12

One way businesses can make sure they are hiring individuals with strong personal ethics is by

Accepted Answer

A)   employing only those people who have a very high intelligence quotient.
B)   administering simple tests that indicate analytical skills of a prospective employee.
C)   asking for letters of reference from the prospective employees.
D)   hiring only those people who are relatives of current employees.
E)   spying on prospective employees.F) C) and D)
G) A) and E)

Question 13

The ________ is a straw man approach to business ethics.

Accepted Answer

A)   Friedman doctrine
B)   Kantian ethics
C)   Sullivan principle
D)   utilitarian philosophy
E)   just distribution theoryF) None of the above
G) A) and C)

Question 14

SolarCorp. won the bid to build an energy facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less developed nation. In order to legally overcome this problem, SolarCorp. could resort to the payment of

Accepted Answer

A)   customs duties.
B)   excise taxes.
C)   expatriation taxes.
D)   speed money.
E)   repatriation fees.F) B) and D)
G) C) and D)

Question 15

Sun-Yip is the manager of an appliance manufacturing facility in a developing country. This facility does not meet the acceptable standards of the manufacturing facility in his home nation. He knows that demanding a better facility will raise the cost of the appliances that are mainly exported to other less-developed countries. However, he also realizes that by not demanding a better facility, the employees who work there are prone to serious health issues. Sun-Yip is facing

Accepted Answer

A)   a role conflict.
B)   the tragedy of the commons.
C)   factor endowments.
D)   an ethical dilemma.
E)   the difference principle.F) None of the above
G) C) and D)

Question 16

Define an ethical dilemma and describe a hypothetical situation in which a manager faces an ethical dilemma while working in a host country.

Accepted Answer

Student examples will vary. An ethical d...

Question 17

Three Torque Inc., a U.S.-based multinational company, allows its managers to make facilitating payments in host countries to expedite government formalities. However, in countries where such payments are considered as unethical, the company restricts its managers from indulging in such activities. This behavior of the company illustrates the straw man approach of

Accepted Answer

A)   the righteous moralist.
B)   cultural relativism.
C)   ethnocentrism.
D)   just distribution.
E)   cultural convergence.F) C) and D)
G) B) and D)

Question 18

Ten years after he proposed what came to be known as Sullivan's principles, Leon Sullivan concluded that following his principles

Accepted Answer

A)   was the most ethical way of doing business in South Africa.
B)   was not sufficient to ethically justify the existence of Western businesses in South Africa.
C)   would be effective only when companies opposed democracy in South Africa.
D)   had led international companies to successfully combat the apartheid regime in South Africa.
E)   would safeguard the citizens and businesses in South Africa from Western businesses.F) B) and C)
G) C) and D)

Question 19

Straw men approaches to ethics refer to those that are

Accepted Answer

A)   inappropriate guidelines.
B)   accepted worldwide.
C)   used in democratic but not totalitarian states.
D)   based on religious values.
E)   used in masculine societies.F) B) and E)
G) D) and E)

Question 20

Discuss how ethical choices and social responsibility issues come up because of differing environmental regulations.

Accepted Answer

Ethical issues arise when environmental ...

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

An external stakeholder includes any individuals and groups that have some type of direct or indirect claim on a company.

Correct Answer
verified

One way businesses can make sure they are hiring individuals with strong personal ethics is by

Correct Answer
verified

In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they

Correct Answer
verified

According to ________, people should be treated as ends and never purely as means to the ends of others.

Correct Answer
verified

Discuss how ethical choices and social responsibility issues come up because of differing environmental regulations.

Correct Answer
verified
Ethical issues arise when environmental ...
View Answer

Discuss the link between the concept of sustainability and the tragedy of the commons.

Correct Answer
verified
A company pursuing a sustainable strateg...
View Answer

What situation is most likely to lead to unethical behavior in a business setting?

Correct Answer
verified

Ten years after he proposed what came to be known as Sullivan's principles, Leon Sullivan concluded that following his principles

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

The straw man approach of righteous moralism is typically associated with managers from

Correct Answer
verified

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Correct Answer
verified

Discuss any two straw men approaches to business ethics.

Correct Answer
verified
Straw men approaches to business ethics ...
View Answer

Straw men approaches to ethics refer to those that are

Correct Answer
verified

Define an ethical dilemma and describe a hypothetical situation in which a manager faces an ethical dilemma while working in a host country.

Correct Answer
verified
Student examples will vary. An ethical d...
View Answer

The ________ is a straw man approach to business ethics.

Correct Answer
verified

Explain corporate social responsibility and describe how the concept of noblesse oblige factors into this concept.

Correct Answer
verified
The concept of corporate social responsi...
View Answer

SolarCorp. won the bid to build an energy facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less developed nation. In order to legally overcome this problem, SolarCorp. could resort to the payment of

Correct Answer
verified

________ is the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Correct Answer
verified

The ________ step in ethical decision making helps businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics.

Correct Answer
verified

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

An external stakeholder includes any individuals and groups that have some type of direct or indirect claim on a company.

Correct AnswerverifiedShow Answer

One way businesses can make sure they are hiring individuals with strong personal ethics is by

Correct AnswerverifiedShow Answer

In a business setting, managers sometimes do not realize they are behaving unethically, primarily because they

Correct AnswerverifiedShow Answer

According to ________, people should be treated as ends and never purely as means to the ends of others.

Correct AnswerverifiedShow Answer

Discuss how ethical choices and social responsibility issues come up because of differing environmental regulations.

Correct AnswerverifiedEthical issues arise when environmental ...View AnswerShow Answer

Discuss the link between the concept of sustainability and the tragedy of the commons.

Correct AnswerverifiedA company pursuing a sustainable strateg...View AnswerShow Answer

What situation is most likely to lead to unethical behavior in a business setting?

Correct AnswerverifiedShow Answer

Ten years after he proposed what came to be known as Sullivan's principles, Leon Sullivan concluded that following his principles

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The straw man approach of righteous moralism is typically associated with managers from

Correct AnswerverifiedShow Answer

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Correct AnswerverifiedShow Answer

Discuss any two straw men approaches to business ethics.

Correct AnswerverifiedStraw men approaches to business ethics ...View AnswerShow Answer

Straw men approaches to ethics refer to those that are

Correct AnswerverifiedShow Answer

Define an ethical dilemma and describe a hypothetical situation in which a manager faces an ethical dilemma while working in a host country.

Correct AnswerverifiedStudent examples will vary. An ethical d...View AnswerShow Answer

The ________ is a straw man approach to business ethics.

Correct AnswerverifiedShow Answer

Explain corporate social responsibility and describe how the concept of noblesse oblige factors into this concept.

Correct AnswerverifiedThe concept of corporate social responsi...View AnswerShow Answer

SolarCorp. won the bid to build an energy facility for a host country government. However, the execution of the contract has been delayed due to bureaucratic procedures in the less developed nation. In order to legally overcome this problem, SolarCorp. could resort to the payment of

Correct AnswerverifiedShow Answer

________ is the idea that businesspeople should consider the social consequences of economic actions when making business decisions, and that there should be a presumption in favor of decisions that have both good economic and social consequences.

Correct AnswerverifiedShow Answer

The ________ step in ethical decision making helps businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics.

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Ethical issues arise when environmental ...
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Correct Answer
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A company pursuing a sustainable strateg...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Straw men approaches to business ethics ...
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Correct Answer
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Correct Answer
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Student examples will vary. An ethical d...
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Correct Answer
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Correct Answer
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The concept of corporate social responsi...
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Correct Answer
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Correct Answer
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