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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 61

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If a business fails to meet its responsibilities to its employees, which of the following is likely to occur?

A) Reduced employee turnover
B) Employees believe it is easier to get ahead
C) More jobs are created
D) Employees do the minimum needed to get by

E) B) and D)
F) A) and D)

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Question 62

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Ryan's view tends to lean toward the concerns of investors, first and foremost. This is the view taken by

A) corporate philanthropists.
B) Franklin D. Roosevelt.
C) the late Milton Friedman, famous economist.
D) a watchdog such as an environmentalist.

E) A) and B)
F) A) and C)

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Question 63

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Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise facilities at its headquarters in Beaverton, Oregon, and lets employees use work time each day to relieve stress through exercise. This serious position on physical fitness is part of Nike's

It's merger mania in the banking industry. Shortly after Bank of Bux bid on The Abundance Bank, a story hit the local news about the investigation into the purchase of several thousand shares of stock of the Abundance Bank by three of its top executives, just prior to the announcement that Bank of Bux planned to buy Abundance Bank. Upon close examination by the SEC (Securities and Exchange Commission) it was determined that the stock purchases were an illegal maneuver on the part of these executives. This is an example of insider trading. The executives were "banking" on the stock price rising sharply when the purchase announcement was made public.

Whistleblowers have long been known as people with a universal moral calling. However, rarely did these individuals receive rewards for their efforts. In reality, they would often fall onto hard times. But in 2010, with the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a provision permits whistleblowers to

When a firm undertakes corporate social initiatives it is

Trust between workers and managers must be based on a foundation of fairness, honesty, openness, and moral integrity.

Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of

________ refers to standards of moral behavior.

Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two co-workers, who told friends, relatives, business associates, and even a pizza delivery man. A total of 25 people received the information and traded on this tip to make a profit. These people were

Laws represent the standards of ________ behavior.

A firm's carbon footprint is

Identify and discuss the social responsibilities of a firm to three of the four stakeholder groups described in your textbook.

All U.S. companies practice the same ethical standards when dealing with suppliers and contract manufacturers abroad.

You're working as a human resources director for a small company. Part of your job is to assess the company's benefits plan. There are several workers utilizing the company daycare facility. However, the daycare costs the company far more than another benefit might cost, like employing an on-site physician. The on-site physician services are supported by insurance, and the physician actually rents space from the company. Under these circumstances, eliminating the daycare is a balanced decision.

Ethical behavior requires more than following the law.

A business should be managed ethically to keep existing customers and attract new customers.

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.

As a manager, you have a responsibility for the unethical behavior of your employees.

Your friend, Marco, offers to share with you a paper he wrote for his Introduction to Business class last semester. When you tell him that it wouldn't be fair, he reminds you of your habit of reading an entire book at Barnes & Noble without paying for the book. Which ethics-based question would be most helpful in evaluating these situations?