Exam 4: Managing Ethics and Social Responsibility

Social responsibility covers a narrow range of issues,many of which are unambiguous with respect to right or wrong.

Economic development that generates wealth and meets the needs of the current population while preserving the environment for the needs of future generations refers to sustainability.

Which of the following responsibilities is purely voluntary and is guided by a company's desire to make social contributions not mandated by economics,law,or ethics?

An organization's decision to hire for an open position is in the:

Organizational _____ means that an organization pursues a positive human impact,moral goodness,and unconditional society betterment for its own sake.

A general statement of principle is often called a _____.

Employee disclosure of illegal organization activities is known as _____.

Explain the differences between principle-based statements and policy-based statement in an organization's code of ethics.

List three of the six moral rights that should be considered during decision making.

_____ justice requires that rules should be clearly stated and consistently and impartially enforced.

Important stakeholders in corporations include the government and the community.

Social responsibility is management's obligation to make choices and take actions that will contribute to the welfare and interests of society as well as the organization.

Economic responsibility defines what society deems as important with respect to appropriate corporate behavior.

List three examples of primary stakeholders.

Disk Replacement Services has just completed a procedure manual to handle employee grievances.One of the main criteria is to make it clear to employees that rules will be administered fairly and consistently.Disk Replacement operates on:

When values and standards are written into the legal system,it is referred to as _____.

The relationship between social responsibility and financial performance has been shown to be:

Principle-based statements define fundamental values and contain general language about company responsibilities,quality of products,and treatment of employees.

Procedural justice requires that rules be stated clearly,consistently and impartially enforced,and administered fairly.

A(n)_____ is any group within or outside the organization that has an interest or investment in the organization's performance.