Exam 2: Business Ethics and Social Responsibility

Why do many major corporations actively encourage ethical behavior?

The behavior of top executives regarding ethical issues has little effect on the behavior of the employees of the organization.

Paul decided he did not want the new jeans he had purchased from a large discount department store.He had worn them three times and decided he just did not like them.The jeans fit him and there is nothing wrong with them.He takes the jeans back to the store and,as is its policy,the store gave him a full refund of his money.Paul's conduct was:

Martin Luther King,Jr.,believed in obeying laws even if he felt they were unjust and then working peacefully to change them.

In the Gillette Co.example in the textbook,the downside of the sale of Gillette to Procter & Gamble Co.was:

Society is hurt when business managers behave ethically.

In analyzing a situation to determine how to act ethically,a business manager should:

Martin Luther King,Jr.'s views on ethics were most similar to those of:

Chelvam is the director of quality control.Chelvam rejected some parts as non-conforming to the specifications.Chelvam's supervisor directs him to accept the parts.Which value might give Chelvam the strength to oppose his supervisor?

Generally,ethical managers have happier,more satisfying lives.

There are values,such as integrity,that are generally considered universal.

Wever,Inc.is considering relocating a facility to Mexico.The interests of the various stakeholders affected by this decision may conflict.

John discovered his company's accountant was "skimming" money from the business.The accountant agreed to pay John a one-time payment of $25,000 not to report the skimming to company officials.The accountant promised she would pay the money back when she could.John accepted the money and never reported what he knew.A year later the accountant was fired when the embezzlement was discovered.She was also prosecuted for theft.The payment to John was never discovered.Which statement is correct?

Which of the following are alternatives in dealing with issues of ethics in advertising?

Does ethical behavior maximize profitability?

Lois is running for political office.She trails the incumbent and decides to start running a series of "attack ads." The attack ads are very effective and one week before the election it appears that she has drawn even with her opponent.Lois admits that the attack ads were exaggerations and contained some distortions.Which statement is correct?

The Chief Executive Officer of Ticor,Inc.must decide about the disposal of toxic waste materials.Which of the following considerations should help the CEO reach an ethical business decision?

Which of the following correctly describes the relationship of law and ethics?

The first stepping stone out of dire poverty is:

An investor who wants to comply with her ethical choice to follow Islamic law could invest in the Amana Fund,which will not invest in holdings that earn interest.