Exam 2: Acting Ethically and Socially Responsible

Provide examples of unethical and illegal behavior and describe their negative effect on a business.

Social ________ is an innovative, social value-creating activity that can occur within or across the for-profit and nonprofit sectors.

The base layer of the global social responsibility pyramid indicates that a company has a duty to be

Shaun Johnson is a top manager at a construction firm that has been tasked with laying a pipeline through a large section of the state. In some ways the project will help the local community. But in other ways, such as harming the environment, it will hurt the local community. Johnson is concerned about the project's ________, or whether a company's economic development meets present needs without endangering the ability of future generations to meet their own needs.

Julie Yuen has clearly defined goals for ensuring that her new meal delivery service, Magic Chef, is socially responsible. One goal is to donate a percentage of her profits to local charities. How can Yuen ensure that Magic Chef is implementing its socially responsible goals?

The job of the ________ is to integrate the organization's ethics and values initiatives, compliance activities, and business practices into the company's decision-making processes.

Ethan Wong, a student who works at his college bookstore, is often unsupervised and, therefore, has the opportunity to steal merchandise. He needs an expensive anatomy textbook but doesn't even consider taking it without paying for it. This is an example of an individual's behavior being influenced by ________, or ethics.

Fran Nolan is a manager tasked with writing a company ethics code for Creative Spark, a design firm. She doesn't want to intimidate or turn off her free-spirited employees with a list of rules and punishments. She also wants her employees to be personally accountable for their actions, rather than blindly follow impersonal rules. She knows she has two choices, a compliance-based ethics code or an integrity-based ethics code. Which type of ethics code should she choose and why?

ESCO Manufacturing hired an ethics officer last year. Her first goal was to research the two types of ethical codes and summarize them to the senior leadership team. She has also been asked to explain what ESCO could expect to accomplish by implementing both codes. Help the ethics officer by describing the key functions of both types of ethical codes. What do you think the organization can accomplish by implementing both codes?

Carmen Bautista works at Gourmet Burger, a restaurant chain. She wants to accept an invitation Gourmet Burger has received to sponsor a local girls' soccer team. But her manager Carl Krikorian is against the idea, saying, "The best way Gourmet Burger can support the local community is to create more jobs by selling more burgers." Krikorian's opinion is an example of an argument against

One of the key goals of a social audit is evaluating whether a company

A business that adheres to the principles of the UN Global compact, would uphold the ________ of all forms of forced labor.

Emma Steele, an ambitious new employee at Zoom Group, is tempted to avoid paying taxes by bribing customers with cash payments, an act that is both illegal and unethical. When a coworker warns her this behavior is unacceptable, Steele counters with, "I'm interested in making a profit, and so are our stakeholders. What's wrong with a little bribe here and there if it saves us money?" How does the corporate social responsibility pyramid apply to this situation?

A poster in the employee break room at Draper Advertising Agency lists several instructions, including "Be honest," and "Always act in the best interest of the customer." This is an example of

MachineWerks Manufacturing wants to encourage responsible conduct for its employees. What wouldmost likely help MachineWerks to meet this goal?

"Are we operating our company according to our stated values of honesty and compassion for the community?" is a question that Windfall Company's ________ is likely to ask.

Describe the argument behind the belief that corporate social responsibility and profit are contradictory goals. Similarly, describe the argument behind the belief that corporate social responsibility must be pursued concurrently. Which of the arguments is the ideal approach and why?

A form of ________ that can hurt a company is embezzlement schemes.

A well-known argument against corporate social responsibility is that society will suffer if a company is distracted from its mission of maximizing profits.

The termvalue refers to a deeply held underlying belief or attitude that helps determine people's