Exam 4: Business Ethics and Social Responsibility

Because they invest risk capital in a firm in order to realize a financial return, owners can't be regarded as stakeholders.

Lucretia finds herself caught between loyalty to her employer on the one hand and loyalty to a friend who works in her office on the other.The potential ethical issue that she's facing is characterized as a matter of _____.

If you were the manager in this situation, you might consider asking all the parties involved, "Would you want your activities written up in the newspaper?"

Cynthia Cooper's intervention at WorldCom resulted in investor and employee losses being less than they would have been had she not blown the whistle on her bosses.

In contrast to the "right-versus-right" problem posed by an ethical dilemma, the problem posed by a(n) _____ entails a "right-versus-wrong" decision.

Bernie Madoff convinced wealthy investors to give him large sums of money and promised them an 8% to 12% return a year.But he never really invested their money.Instead, he kept it for himself.What was his punishment?

A chef put two frogs in a pot of warm soup water.Recognizing danger, the first frog jumped out, but the second frog didn't.In terms of ethics, what's the moral of the story?

Which of the following is an example of an unethical dilemma?

According to the law, people must be hired, evaluated, promoted, and rewarded on the basis of merit, not personal characteristics.

The misdeeds of Betty Vinson and her accomplices at WorldCom didn't go undetected.They caught the eye of Cynthia Cooper, who could have looked the other way but chose instead to be a(n) _____.

In the early 1990s, many workers at Sears automotive service centers became suspicious about policies governing interactions with _____.

The Equal Pay Act of 1963 requires equal pay for all males hired for jobs that entail equal skill, equal effort, equal responsibility, or similar working conditions.

Clayton Moore must choose between taking actions that promote personal interests and the interests of others at work? The ethical issue that he's facing is characterized as a matter of _____.

Upper-level leaders should do all of the following to promote ethical policies in their organizations :

Bernie Madoff Investment Securities is one of several companies that consistently make Business Ethics magazine's list of the "100 Best Corporate Citizens."

If you work for a company that expects you to deceive customers about the quality of your product, you should:

Over a recent three-year period, the once admired company Johnson & Johnson experienced 24 product recalls of defective products.When company executives learned that yet another product, Motrin, was defective and needed to be recalled, they:

In many companies, _____ is a key motivator in maintaining ethical conduct in business dealings.

According to one whistle-blower, whistle-blowers are usually treated like_____ by some coworkers.

Which statement about ethical decision making is false?