Exam 3: Ethics and Social Responsibility

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Lincoln Electric Co., a Cleveland-based manufacturer of welding equipment, has become the model of a company whose management has avoided downsizing.

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Which one of the following is not recommended as a method for a company to protect itself against sexual harassment charges?

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The purpose of backdating stock options is to give the stock-option holder

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Parties often disagree about what constitutes socially responsible behavior, such as selling handguns in a retail store.

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Nestle India wants to produce its products locally. About half its 480 factories are located in developing countries.The company has introduced a water education program, has bored wells for nearly 100 village schools for children, and teaches hygiene programs. 1. Why is Nestle a socially responsible company? 2. How has social responsibly increased Nestle's profits?

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Ethics is the study of moral obligation, or separating right from wrong.

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Whether to use corporate resources for personal use is an ethical dilemma that falls into a gray area for many people.

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In some situations a company action can be legal, yet still unethical.

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One of the ethical problems with backdating stock options is that it involves lying about when the option was granted.

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Imagine that you are about to hire a relative or close friend over a more qualified outside candidate. Take this problem through the ethical decision-making guide, and reach a decision about whether to hire him or her.

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Oscar, the meat department manager at a supermarket, follows a deontological view of ethics. He therefore sees no ethical problem in selling rabbit meat and labeling it as chicken, so long as no customer gets sick.

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Business ethics deals primarily with

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Building a sustainable environment includes

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According to a survey conducted by the Ethics Resource Center, a frequent ethical problem is lying to employees, customers, vendors, or the public.

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