Exam 2: Understanding Business Ethics and Social Responsibility

What stakeholder group is being protected when managers follow proper procedures and strive to be accurate and candid in assessing future growth?

In what way can the government use indirect regulation to affect social responsibility?

What is the term given to the groups, individuals, and organizations that are directly affected by the practices of an organization?

An individual's personal code of ethics is shaped by his or her life experiences.

What would constitute a conflict of interest in a business setting?

How do top managers BEST demonstrate a commitment to ethical business practices?

What is likely the single MOST effective step that a company can take to set ethical standards?

What constitutes ethical behavior is determined entirely by the individual.

Which of the following is the BEST description of organizational stakeholders?

What is the extent to which members of an organization follow basic ethical and legal standards of behavior?

Small businesses must answer many of the same social responsibility questions as big businesses.

Because of the influence of a more sophisticated and educated public, what approach should corporations take to develop social responsibility plans?

What is the difference between ethics and social responsibility?

When a business hires a staff to formally represent the organization before a political body, in efforts to influence that political body, the business is

Ethical values do not vary from person to person.

What is insider trading? Why would an investor engage in it?

To ensure efforts are producing the desired benefit, what must a socially responsible business use?

Why are employers concerned about the use of e-mail and potential legal liability, and what steps are being taken to prevent issues?

Where do government regulations evolve from?

What must every corporation do in maintaining and reporting its financial status?