Question 1

corporate social initiatives; (3) corporate philanthropy.

Accepted Answer

Corporate responsibility refers to a fir...

Question 2

Effective corporate values start with employees and develop throughout the organization to include top management.

Accepted Answer

A) True 
 B)False

Question 3

Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where to cheat, steal, or lie.

Accepted Answer

A)   it is absolutely wrong
B)  it might be OK
C)  business people are expected
D)   capitalism forces peopleE) A) and C)
F) B) and C)

Question 4

Which of the following indicates that U.S. businesses are demanding socially responsible behavior from their international suppliers?

Accepted Answer

A)   The establishment of the Equal Opportunity Employment Commission
B)  The decision of Wal-Mart to open stores globally
C)   The decision of Phillips-Van Heusen to cancel orders from suppliers that violate its ethics code
D)   The creation of the North American Free Trade Zone (NAFT
A)   between the U.S., Canada, and MexicoE) None of the above
F) C) and D)

Question 5

Determining what is involved for a firm to be socially responsible:

Accepted Answer

A)   is easy.
B)  varies even among those who are interested in corporate responsibility.
C)  helps government officials develop appropriate legislation.
D)   varies from industry to industry due to different laws.E) B) and D)
F) B) and C)

Question 6

One factor causing businesses to vigorously enforce ethical standards is the:

Accepted Answer

A)   desire to eliminate employee turnover.
B)  fear of negative publicity.
C)  focus on criminal penalties.
D)   evasion of social audit measurements.E) A) and C)
F) All of the above

Question 7

Sharon, a CPA for a large firm noticed that the company's accounting records drastically overstated the amount of inventory on hand, which led to overstating the assets of the firm. Initially, she brought it to the attention of her supervisor, but when nothing was done to correct the mistake in a timely manner; she decided the best course of action was to report it to the appropriate government official. Although her actions took her outside the company, she was counting on current law, under the to protect her against company retaliation.

Accepted Answer

A)   Cellar-Kefauver Act
B)  Sarbanes-Oxley Act
C)  Robinson-Patman Act
D)   Sherman ActE) A) and D)
F) B) and D)

Question 8

The boxed material entitled "Reaching Beyond Our Borders" that told the story about Joe, the Motorola engineer, suggests that U.S. firms operating overseas are:

Accepted Answer

A)   Not as flexible on social issues as local employees would like them to be.
B)  Exploiting employees by working them long hours at low pay.
C)  Complying with the ethical standards of the people they employ, in the countries in which they are operating.
D)   Responding to their stockholders desire for profits.E) None of the above
F) All of the above

Question 9

To improve America's business ethics:

Accepted Answer

A)   Congress must pass an ethics bill.
B)  ethics must be taught in every business school around the globe.
C)  a company's suppliers must be thoroughly investigated for ethical violations.
D)   company leaders should adopt and support a corporate code of ethics.E) None of the above
F) C) and D)

Question 10

Business relationships often present ethical dilemmas that are:

Accepted Answer

A)   not easily resolved.
B)  easily resolved by following the relevant laws.
C)  best resolved by creating a win-lose situation.
D)   irrelevant and therefore require no action.E) B) and C)
F) B) and D)

Question 11

An accurate statement regarding this chapter is: "Business law establishes ethical behavior."

Accepted Answer

A) True 
 B)False

Question 12

Treating others unfairly can result in retaliation from the injured party. This will likely create a:

Accepted Answer

A)   lose-win situation.
B)  win-win situation.
C)   lose-lose situation.
D)   Golden Rule application.E) None of the above
F) A) and D)

Question 13

Last week, the Local Citizens for a Greener America sent a formal document to Chipper's Golf Resort asking the private club to measure its carbon footprint and publicly disclose the amount of fertilizer and other carbon emitting substances that is uses on its two award winning golf courses. LCGA is an example of .

Accepted Answer

A)   an employee organization that has emerged at the resort
B)  a watchdog group
C)  a disgruntled non-profit organization that has a beef against golfers
D)   a public interest group that is demonstrating social responsibilityE) None of the above
F) B) and D)

Question 14

Which of the following statements best describes a firm's commitment to its customers?

Accepted Answer

A)   The firm is responsible for offering domestic products to foreign customer markets.
B)  One's social responsibility to customers is clear-cut.
C)  Customers will only support companies who make a visible effort to keep prices low.
D)   Firms that offer real value will develop a competitive advantage and gain customer trust.E) B) and D)
F) B) and C)

Question 15

At a recent town hall meeting, citizens expressed concern regarding the impact of a proposed new gambling casino. The owner of the proposed casino responded, "I don't know what all of this fuss is about. I'm just a businessman trying to earn a profit, provide new jobs, and pay taxes." His response reflects an overall commitment to corporate social responsibility.

Accepted Answer

A) True 
 B)False

Question 16

Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these on the back-burner, waiting for more convenient moments to address them.

Accepted Answer

A) True 
 B)False

Question 17

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

Accepted Answer

A)   Business leaders that have broken the law should be given another chance.
B)  New laws making accounting records transparent may help restore trust.
C)  Making the government accountable for business leader behavior will restore trust.
D)   It's up to the government to pass laws requiring ethical behavior of all leaders, business and otherwise.E) A) and B)
F) A) and C)

Question 18

Compliance-based ethics codes:

Accepted Answer

A)   conform to laws and regulations.
B)  enable responsible employee conduct.
C)  use education, leadership, and accountability to reinforce the code.
D)   create a "do-it-right" climate that emphasizes core values.E) C) and D)
F) A) and C)

Question 19

Establishing a formal code of ethics is:

Accepted Answer

A)   more common with small businesses than large businesses.
B)  unnecessary given the level of government regulation.
C)   growing in popularity.
D)   mandated by the Corporate and Criminal Fraud Accountability Act.E) None of the above
F) C) and D)

Question 20

Some experts feel that corporate social responsibility means solely making money for stockholders.

Accepted Answer

A) True 
 B)False

Exam 4: Demanding Ethical and Socially Responsible Behavior

Business relationships often present ethical dilemmas that are:

Correct Answer
verified

Which of the following indicates that U.S. businesses are demanding socially responsible behavior from their international suppliers?

Correct Answer
verified

Compliance-based ethics codes:

Correct Answer
verified

Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these on the back-burner, waiting for more convenient moments to address them.

Correct Answer
verified

Some experts feel that corporate social responsibility means solely making money for stockholders.

Correct Answer
verified

Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where to cheat, steal, or lie.

Correct Answer
verified

One factor causing businesses to vigorously enforce ethical standards is the:

Correct Answer
verified

Establishing a formal code of ethics is:

Correct Answer
verified

Which of the following statements best describes a firm's commitment to its customers?

Correct Answer
verified

The boxed material entitled "Reaching Beyond Our Borders" that told the story about Joe, the Motorola engineer, suggests that U.S. firms operating overseas are:

Correct Answer
verified

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

Correct Answer
verified

Correct Answer
verified

To improve America's business ethics:

Correct Answer
verified

Determining what is involved for a firm to be socially responsible:

Correct Answer
verified

Treating others unfairly can result in retaliation from the injured party. This will likely create a:

Correct Answer
verified

Effective corporate values start with employees and develop throughout the organization to include top management.

Correct Answer
verified

corporate social initiatives; (3) corporate philanthropy.

Correct Answer
verified
Corporate responsibility refers to a fir...
View Answer

Correct Answer
verified

Correct Answer
verified

An accurate statement regarding this chapter is: "Business law establishes ethical behavior."

Correct Answer
verified

Exam 4: Demanding Ethical and Socially Responsible Behavior

Business relationships often present ethical dilemmas that are:

Correct AnswerverifiedShow Answer

Which of the following indicates that U.S. businesses are demanding socially responsible behavior from their international suppliers?

Correct AnswerverifiedShow Answer

Compliance-based ethics codes:

Correct AnswerverifiedShow Answer

Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in putting these on the back-burner, waiting for more convenient moments to address them.

Correct AnswerverifiedShow Answer

Some experts feel that corporate social responsibility means solely making money for stockholders.

Correct AnswerverifiedShow Answer

Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where to cheat, steal, or lie.

Correct AnswerverifiedShow Answer

One factor causing businesses to vigorously enforce ethical standards is the:

Correct AnswerverifiedShow Answer

Establishing a formal code of ethics is:

Correct AnswerverifiedShow Answer

Which of the following statements best describes a firm's commitment to its customers?

Correct AnswerverifiedShow Answer

The boxed material entitled "Reaching Beyond Our Borders" that told the story about Joe, the Motorola engineer, suggests that U.S. firms operating overseas are:

Correct AnswerverifiedShow Answer

Given the ethical lapses that are prevalent today in our businesses, which of the following can be done to restore trust in the free-market system and leaders in general?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

To improve America's business ethics:

Correct AnswerverifiedShow Answer

Determining what is involved for a firm to be socially responsible:

Correct AnswerverifiedShow Answer

Treating others unfairly can result in retaliation from the injured party. This will likely create a:

Correct AnswerverifiedShow Answer

Effective corporate values start with employees and develop throughout the organization to include top management.

Correct AnswerverifiedShow Answer

corporate social initiatives; (3) corporate philanthropy.

Correct AnswerverifiedCorporate responsibility refers to a fir...View AnswerShow Answer

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

An accurate statement regarding this chapter is: "Business law establishes ethical behavior."

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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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Corporate responsibility refers to a fir...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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