Exam 4: Responding to the Ethical and Social Environment

Kweku Adoboli was arrested after losing $2.3 billion of UBS global equities.Adoboli's actions were

A(n)____________________ occurs when a decision potentially benefits the individual to the possible detriment of the organization.

____________________,organization culture,and how the organization responds to whistleblowers all help shape and define people's perceptions of the organization's stance on social responsibility.

Match the following.You may use a response once,more than once,or not at all. -Disclosure of illegal conduct

Genzyme is a pharmaceutical company that manufactures Cerdase,a drug that treats a genetic illness called Gaucher's disease,which is a life-threatening illness that affects 20,000 people worldwide.A year's supply of the drug costs $200,000.Given what you know about the various approaches to social responsibility,you might assume that Genzyme takes a(n)____ stance.

When Girl Scouts sell cookies at Shop Rite,they are given a place to stand.When they sell at Wal-Mart the company eventually donates to their troop.Target does not allow any Girl Scout to sell cookies in front of stores.Shop Rite is an example of the ____ stance.

Ethics are cultural beliefs about whether behavior,actions,or decisions are right or wrong.

Which of the following is NOT one of the arguments offered by those who oppose corporations habitually engaging in social responsibility programs?

How does the Sarbanes-Oxley Act affect ethical leadership?

The Tiny Little T-Shirt Company printed 500 shirts at cost for the Helene Cody Foundation 5K run.The Helene Cody Foundation supports young people in volunteer opportunities that better their communities.The shirt company used a(n)____________________ stance.

The inclusion of a biologist in decisions that affect the local community is an example of which area of social responsibility?

Match the following.You may use a response once,more than once,or not at all. -Tax incentives to spend money a certain way

Special Exercises There are at least six lethal forms of E.coli that can end up in our meat or on our produce that are so virulent,they hospitalize people and even kill them.However,in the U.S.only one,E.coli 0157:H7,is officially termed an adulterant,which means any ground beef that tests positive for it cannot be sold for human consumption.There are no requirements for companies to test for the other lethal strains,and it is not illegal for them to be present in food.Match each action with what it illustrates.You may use a response once,more than once,or not at all. -The USDA protects the meat supply,the FDA protects all the other foods.

The Food and Drug Administration's focus on consumer-related concerns is a form of direct regulation.

When Girl Scouts sell cookies at Shop Rite,they are given a place to stand.When they sell at Wal-Mart the company eventually donates to their troop.Target does not allow any Girl Scout to sell cookies in front of stores.Target is an example of the ____ stance.

____ is a thorough,formal analysis of the effectiveness of a firm's response to social responsibility.

Bernard Madoff defrauded clients out of millions of dollars.The probability that Madoff's employees have high ethical behavior is minimal due to

If competitors from different countries are giving bribes to get contracts in developing countries,it is acceptable under U.S.law that a U.S.company can do the same if it can show competitive reasoning.

Actions of peer managers and top managers,as well as the organization's ____________________,all contribute to the ethical context of the organization.

A manager paying an employee less than he deserves,simply because the manager knows the employee cannot afford to quit or risk losing his job by complaining,might be considered unethical.