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

_________ refer to sets of beliefs about good and bad that are shaped by the social group and culture in which an individual functions.

The Sarbanes-Oxley Act was created to set higher ethical standards for public corporations and accounting firms.

The _________ is federal legislation passed in 2002 that sets higher ethical standards for public corporations and accounting firms.

Define and describe social responsibility.

A person who reports illegal or unethical behavior within an organization is known as a(n)_________.

The most socially responsible companies establish _____ for their vendors, setting clear policies for human rights, wages, safety, and environmental impact.

Iris has been told by her boss that the company is planning to lay off some people and that only one employee in her department will be retained In order to keep her job, Iris has to sabotage the professional image and good work of her colleagues or she will be laid off. This situation is an example of _____.

The double bottom line social audit procedure:

U.S. corporations are forbidden to offer bribes since 1977 under the _____.

_________ is the social movement supporting the consumer's right to be informed, to be safe, to choose, and to be heard.

Which of the following statements is true of ethics?

An ethical dilemma involves clear misconduct at a workplace.

Which of the following statements is true of ethical decisions?

Philanthropy is the obligation of a business to contribute to society.

Venus Corp. operates in many countries. The company has a clearly written mandate for all its contractors abroad.According to this, all contractors must ensure that standardized safety measures are implemented in their factories and workers are made to work for only nine hours in a day. Venus has set a _____.

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

David is the chief executive officer of Grand Rocks mining company. He has convinced the company's board of directors to implement a change in the mining procedures which will reduce the company's impact on the environment in which it operates. This will ensure that the abilities of future generations to meet their needs will not be harmed.By agreeing to David's suggestion, Grand Rocks has embraced the idea of _____.

Which of the following must be considered when deciding the living wage globally?

Define and explain ethics and social responsibility.

SeeStreet is a company that produces gourmet coffee. Its employees, coffee bean growers who supply raw materials to the company, people who drink the coffee, and the people who live in the community where the company produces the coffee are called SeeStreet's _____.