Exam 5: Business, Societal, and Ethical Contexts of Law

The triple bottom line in the perspective of corporate social responsibility emphasizes each of the following except:

A comprehensive values management program may be used in managing a corporation's diversity program.

Leah has just handed in a major required report to her professor, and after careful scrutiny the professor finds numerous instances of plagiarism. If the school policy and the professor's personal perspective follow a principles-based approach, Leah should be charged and suffer whatever penalty is prescribed by school policy.

Which of the following was not an argument made by recipients of AIG bonuses who were defending their right to receive and retain the bonus money?

In Grimshaw v. Ford Motor Company, if Ford had made the repairs to the cars, diminishing profit but enhancing customer safety, which theory of corporate social responsibility would Ford have been exhibiting?

Why is the case of Grimshaw v. Ford Motor Company looked at as an example of the failing of the invisible hand and government's hand approaches to corporate social responsibility?

Modern Corporation operates a steel mill. It has never contributed anything to the local community, and it knowingly pollutes both the air and the river that runs by its mill. The corporation's reasoning is that the cost of installing pollution control devices would diminish its profits, and it doesn't support the community because it provides jobs and doesn't think it owes anything else to the citizens in its area. Donating to the community would also diminish profits. Which theory of corporate social responsibility is Modern Corporation exhibiting?

Business ethics is a recent phenomenon not recognized or considered prior to the mid- to late 1900s.

Mighty Motors is a major automobile manufacturer with assembly plants in small towns throughout the United States. Mighty Motors is suffering losses in the current economy and has decided to stop manufacturing the Mighty Brute, an SUV with horrible gas mileage that simply isn't selling. The company will also be closing the only plant that is exclusively dedicated to manufacturing the Brute. This particular assembly plant is the primary employer in the town that it is located in. Who, among the following, would be considered a secondary stakeholder in this decision?

"What if everyone took these same actions" is a question sometimes called the:

As of today, the Enron bankruptcy remains the largest corporate bankruptcy in America's history.

Religious teachings and ethics are separate and distinct and rarely if ever overlap.

Advocates of the invisible hand theory do not trust corporate leaders with stewardship over noneconomic values.

The fundamental underlying concept of corporate social responsibility is that conscience resides in individuals but not in a corporation itself.

The notion of ________ is a central theme in Immanuel Kant's work.

One of the major reasons that Enron failed was that it did not have an articulated code of ethics to guide the company.

What is considered an ethical practice, once established, remains constant and acceptable unless specifically preempted by statute.

The final result of the AIG bonusgate scandal was that no new laws or taxes were enacted, nor were there any additional official actions taken by Congress or the president.

Altering people's values is one of the objectives of an organizational ethics program.

As a result of the AIG bailout, the U.S. government received a(an) ________ stake in the company.