Exam 4: Business Ethics Social Responsibility: Doing Well by Doing Good

In the "perceived corruption" index published by Transparency International 2013, _____ countries clustered at the very bottom, suggesting that rampant corruption is part of their business culture.

A question to ask when making a decision based on individual ethical beliefs is, "Could you defend your decision on the nightly TV news?"

With the passage of the Sarbanes­Oxley Act, the U.S. government provides more protection to workers who engage in:

The spectrum of socially responsible behavior of firms may vary from:

George is upset about his current salary at Right Touch Car Wash Inc. In order to increase his income, he begins to charge customers more for each car wash and pockets the difference. His actions are not unethical because Right Touch will not suffer a financial loss.

Socially responsible employers:

Build and maintain a clear, trusted reporting structure for ethical concerns

A medical facility operates illegally and unethically when collaborating with other medical clinics to provide low­cost treatment in low­income countries.

In order to encourage the reporting of unethical behavior, some have suggested that whistle­blowers should receive a portion of the penalties levied against firms that violate the law.

The emissions that results from purchased electricity, heat, and steam are known as _____ emissions.

All acts that are illegal are unethical.

Companies should discourage whistle­blowing because it creates an atmosphere of fear and mistrust.

Avid Games Inc., a video gaming company, has come up with a sequel, Ranger II, for its best selling game, Ranger I. However, to increase resale they have created Ranger II such that it times out after six months. This is an example of planned obsolescence

Define and explain corporate philanthropy and corporate responsibility.

Activist customers, investors, unions, environmentalists, and community groups all play a role in keeping businesses on a positive track.

_____ refers to the amount of harmful greenhouse gases that a firm emits throughout its operations, both directly and indirectly.

Which of the following is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms?

Stakeholders are employees who report their employer's illegal or unethical behavior.

Which of the following statements is true of ethical decisions?

List four key consumer rights.