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Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

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Question 21

Multiple Choice

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The term ________ can be described as standing in the shoes of a stakeholder and asking how a proposed decision might impact that stakeholder

A) corporate espionage
B) ethical dilemma
C) cultural relativism
D) moral imagination
E) moral courage

F) A) and E)
G) A) and C)

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Question 22

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After it was amended, the Foreign Corrupt Practices Act allowed for "facilitating payments."

A) True
B) False

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Question 23

Multiple Choice

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Due to strict environmental standards in its home nation, Neptune Inc. has shifted its operations to developing nations. The firm has now been able to gain competitive advantage by avoiding costly pollution controls. This strategic move of Neptune Inc. would be considered

After TurboAir opened a facility in a foreign country, it learned that child labor was acceptable in that nation and agreed to hire a group of 15-year-old children as full-time employees. Which philosophical approach to ethics is TurboAir using?

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

In the modern world, corporations often hasten the global tragedy of the commons by

In a business setting, the term noblesse oblige refers to

A moral compass is used by managers to

Many of the ethical issues in international business are rooted in the fact that political systems, law, economic development, and culture vary significantly from nation to nation.

According to Milton Friedman, the only social responsibility of business is to

One way to reduce the pressure on managers to violate their personal ethics is to

Describe the relationship between corrupt practices and grease payments.

The OECD convention on bribery obliges member states and other signatories to make the bribery of foreign public officials a criminal offense.

According to John Rawls's veil of ignorance, inequalities are justified if they benefit the position of the least-advantaged person.

Bryan works as a salesman for Jumbo Corp. Last year his sales target was $3 million and this year in an aggressive bid for growth, the company increased the sales quota for all its salespeople to $5 million, although the market for Jumbo Corp's product has slowed. In order to meet his target, Bryan bribed an official of a potential customer. The roots of his unethical behavior can be traced to

When the employees at SuperCars learned that management had failed to pay suppliers for parts, the employees began to add more hours to their time cards even though they hadn't worked those extra hours. The employees felt that the company was sending a message that unethical decisions were acceptable. In this situation, the unethical choices of the employees are the result of

The CEO of Gold Chip Software engages in corruption and uses his power in the company to enrich himself and his family members. Consequently, his employees also engage in the same behavior. In this case, the roots of unethical behavior can be traced to

The utilitarian approaches to ethics are based on the idea that the moral worth of actions is determined by their ultimate consequences.

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

Discuss some steps an international business and its managers can take to make sure ethical issues are considered in business decisions.