Exam 3: The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

The Sarbanes-Oxley Act set up the Federal Trade Commission to ensure consumer protection and eliminate and prevent anticompetitive business practices,with penalties of as much as 25 years in prison for noncompliance.

When individuals who want to start a new venture obtain many small amounts of money from many people,this type of financing is called ____.

The justice approach to deciding ethical dilemmas is guided by _____.

A Ponzi scheme is when an individual or company utilizes the bait-and-switch method.A product is advertised at a low price,but when customers ask to buy the item they are told that the advertised good is not available and are pressured to buy a higher-priced item.

Psychologist Laurence Kohlberg has proposed three levels of personal moral development: preconventional,conventional,and postconventional.

Sustainability is economic development that ____.

The owners of an organization consist of all those who can claim it as their legal property.

A benefit of the individual approach is that when managers make decisions that are made in the individual's best interests,this will usually benefit most people.

Contrast the "holier-than-thou" effect and motivated blindness.Explain the dynamics behind cheating.

To focus on improving company customer service this year,the CEO outlined a list of stakeholders to concentrate on: distributors,local communities,and the mass media.These three groups are ____.

After more than 100 years in business,Don,the president of a successful family-owned company,wants to give back to the people of the community for the many years of success that they have given to my father and me.He decides to donate a significant portion of profits to a charity every year.What Don's company is doing is an example of ___.

Business scholar Archie Carroll suggested that first and primary responsibility of an organization in the global economy is to ___.

Ethics are _____.

International forces represent a huge grab bag of influences that may affect an organization,such as the economic integration of the European Union,which has developed threats and opportunities for American companies.

Sal,the owner of a produce market,is concerned because a national grocery store has decided to build a new store just one mile from his market.Sal knows that the large retailer will offer better wages and lower prices,battling for his employees and customers.Therefore,this new grocery is a competitor of Sal's Market.

When talking with Shane,a sales manager,she remarked that typically,her employees sincerely and positively overstate their job performance and abilities.This is an example of the ____ effect.

Marketing for a startup small business to obtain many small new customers is known as crowdfunding.

The Bill and Melinda Gates Foundation,through which Bill Gates and his wife have pledged to spend billions on health,education,and overcoming poverty,is an example of natural capital.

The employees of Mom's Pizza,a local pizza restaurant,feel that the owners and managers really try to follow the ethical policies outlined in their company's code of ethics.Pete,a cook,said that "Just today,Joe,our manager,called our supplier to let them know we received an extra case of tomatoes that we did not pay for.And they do this type of thing almost every day." Mom's Pizza maintains a(n)_____.

With the "holier-than-thou" effect,people tend to be overly optimistic about their own abilities and fortunes-to overestimate their standing in class.