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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 61

True/False

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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.

A) True
B) False

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Question 62

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Two recent studies found a strong correlation between academic dishonesty among undergraduates and dishonesty at work.

A) True
B) False

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Question 63

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A very critical last step in the process of establishing an ethics code is __________.

Behavior that is in conflict with your values and sense of right and wrong can damage your self-esteem.

Several outside groups regularly monitor the activities of Metro Chemical Corporation. These groups are interested in the firm's involvement and enforcement of their ethical and social responsibility policies. Who of the following is the least likely to be among the "watchdog" groups?

Idle Time Gaming, Inc., would like its employees, customers, and the general public to be aware of the activities and programs it has achieved for the community over the past year. The company might consider performing a:

People should look at each situation individually and decide for themselves if it is right or wrong.

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

As a response to the Enron scandal, the federal government now requires social audits of all U.S. businesses.

An ethical manager's decisions are based only on the following questions: "Is it legal?" and "Is it profitable?"

When Donut Plaza employs in-store recycling and composting, and uses nontoxic cleaners, Donut Plaza is participating in:

Businesses have a social responsibility to create jobs.

Business is under pressure from society to be more socially responsible. However, even the strongest advocates for corporate responsibility can't seem to agree:

When stating a firm position on various social and political issues, corporate policies often commit company profits to back these positions.

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

The Hum-dinger Corporation recently instituted a corporate ethics code. The president of the company realizes that ethical relationships are based on:

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

At Fast-Track Financial Services, it is not unusual for a financial consultant to lose a client to another consultant working out of the same office. Clients have a right to do business with whomever they choose. If it is a high-net worth client, with the potential for high commissions on sales, the incentive to steal a fellow worker's client exists because the firm's culture has not established integrity-based ethics to deter this activity.

Making accounting records more transparent may help restore trust in the free-market system and leaders in general.

Making ethical choices is always easy.