Exam 2: Business Ethics and Social Responsibility

Business ethics refers to ethical or unethical behaviors by employees in the context of their personal lives.

Which of the following organizations regulates advertising and pricing practices?

What is a written code of ethics?

An example of price gouging is ________.

Most companies have policies that forbid buyers from accepting gifts from suppliers.

With a(n)________ stance to social responsibility,a firm will hide wrongdoing.

Short Case Scenario 2-1 MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. -If MKD adopts an obstructionist stance,how will the company respond to this report?

What is ethical behavior?

When evaluating a decision based on the ethical norm of rights,a manager will consider which of the following questions?

Describe the four approaches to social responsibility.

Consumerism is a form of social activism dedicated to protecting the rights of consumers in their dealings with businesses.

How does software created by Omniva protect email communication?

Green marketing encompasses a wide variety of business strategies and practices such as production process,product modification,and

What steps must managers take to foster a company-wide sense of social responsibility?

Short Case Scenario 2-1 MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. -Who are MKD Transportation's stakeholders?

The proactive approach to social responsibility argues that profits should not be spent on social programs.

In a(n)________ stance to social responsibility,a company actively seeks opportunities to contribute to the well being of groups and individuals in its social environment.

How do organizations exercise social responsibility toward customers?

Hi-Fly,Inc.was accused of flushing residue from its production processes into a nearby pond on the company's premises."We own the pond," the owner responded.Which of the following approaches is being taken?

A company that provides its employees with equal opportunities for advancement without regard to race,sex,or other relevant factors is meeting its ________ responsibility.