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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 61

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Recently, Bob was trying to choose between three mutual fund investments for his retirement account. As a socially conscious investor, he will prefer to invest in funds that hold the stocks of oil and coal companies, as opposed to wind-turbine and renewable energy companies.

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B) False

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Question 62

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Both managers and workers cite low managerial ethics as a major cause of American businesses' competitive woes.

A) True
B) False

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Question 63

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The first step when facing an ethical dilemma is to ask:

A corporate policy should never make a value statement about the environment or other social and political issues, because it is doubtful the company can live up to the proclamation.

A(n) -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

A public good is one that everyone gets to enjoy regardless of who pays for it.

Using the phrase: "Quality is job #1", as part of a corporate mission statement, can influence the ethical behavior of employees.

Jake recently invested in a Hottie Potatee franchised business that serves potatoes with all the trimmings. The business needs lots of employees in order to operate effectively. He told you that if he calls the business once each day and tells the employees that he is on his way there, they will be on their best behavior. As he tells it, "It's okay if I really don't make it there, after all, I'm the owner and the business should be able to run without micromanagement." As a recent student of business ethics, you remind Jake that:

U.S. businesses have little influence over the behavior of businesses from other countries.

A social audit measures a firm's progress in the area of worker-management relations.

Which of the following would be a unique focus of an integrity-based ethics code?

Obeying the law is ethical behavior.

Promoting social justice is a responsibility of society, but not business.

Given the level of diversity within the United States, agreement on common standards of ethical behavior is unachievable.

A business that takes a public position on a political issue that affects the welfare of society is exercising corporate social responsibility.

When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was, it:

While telling an abusive joke about an ethnic group may not be unlawful, it is unethical.

In recent years, progressive firms have embarked upon , where they will commit company resources and expertise toward helping-out in emergency type situations.

When Angela graduated with a degree in computer science and started her software company, she posted a sign that read, "This company will always operate within the legal limits of the law." Posted where all employees could clearly see it each day, this demonstrated:

A few years ago, several U.S. clothing manufacturers were sued in Los Angeles courts by watchdog groups who learned of poor working conditions in manufacturing plants on a U.S. territory known as the Marianas Islands. Customers are concerned with human rights abuses and other problems with supplier relationships abroad.