Exam 4: Demanding Ethical and Socially Responsible Behavior

It can be very difficult to maintain a balance between ethics and goals such as pleasing stakeholders.

One good reason for managing a business ethically is to help reduce employee turnover.

"Hear no evil,see no evil,speak no evil" is the best policy for U.S.firms to follow in their dealings with corrupt foreign suppliers. American businesses will be judged by the company they keep.Sears,for example,will not import products made by Chinese prison labor.To do so would tarnish the corporate image of Sears.

Cigarette producers label their products with warnings of potential health hazards.Due to the fact that this is a government mandated disclosure,it is part of the industry's compliance-based ethics. Compliance-based ethics emphasize preventing unlawful behavior.Government regulations require health warnings on cigarette packages and advertisements.

Following an ethics-based approach to decision making will normally lead to:

Making ethical choices is always easy.

U.S.businesses have little influence over the behavior of businesses from other countries. American businesses are demanding socially responsible behavior of their international suppliers.

In reality,ethical behavior depends on the situation.For example,in negotiating a contract with your employees,the way they win higher wages is by your losing the fight to hold down labor costs.You realize it is a win-lose relationship. Every situation cannot be completely balanced,but it is important to the health of our relationships that we avoid major imbalances over time.An ethics-based manager has a win-win attitude.

In the Reaching Beyond our Borders box titled,"Ethical Culture Clash",the story demonstrates the many ethical similarities between North and South American business.This is fortunate for Motorola and other large electronics firms who do business south of the U.S.border.They can depend on their subsidiary firms to have no problems when implementing U.S.company employee policies. The Motorola story demonstrates how one company's belief that their employee policies are reasonable may not span continents and across borders.The employee wanted the same housing allowance as other employees who live and work in South America,but did not want to spend the entire housing allowance on his living quarters,as stipulated by the employer,Motorola.

Which of the following describes the debate regarding video sharing in the boxed material Making Ethical Decisions,"To Tube or Not to Tube?"?

Investors,today are realizing financial benefit by:

One factor causing businesses to vigorously enforce ethical standards is the:

In order to maintain a good reputation,it is good strategy to manage your business ethically.

Some experts feel that corporate social responsibility means solely making money for stockholders. Milton Friedman,a Nobel laureate in economics said that corporate social responsibility means making money for your stockholders.He thought that doing anything else was moving dangerously toward socialism.

In order to do the right thing for all stakeholders,a business should be managed ethically.

Idle Time Gaming,Inc. ,would like its employees,customers,and the general public to be aware of the activities and programs it has achieved for the community over the past year.The company might consider performing a:

What is the benefit of employing an ethics officer?

When stating a firm position on various social and political issues,corporate policies often commit company profits to back these positions.

Business relationships often present ethical dilemmas that are:

In the Reaching Beyond our Borders box titled,"Ethical Culture Clash",the story proves that a large multi-national company such as Motorola can ask its employees,and should expect them to follow the same ethical standards they would practice if living and working within the U.S.borders. The Motorola story demonstrates how one company's belief that their employee policies are reasonable may not span continents and across borders.The employee wanted the same housing allowance as other employees who live and work in South America,but did not want to spend the entire housing allowance on his living quarters,as stipulated by the employer,Motorola.