Question 1

A number of things can be done in order to integrate ethical principles into a company,such as:

Accepted Answer

A) limiting diversity in their hiring. 
B) establishing a legalistic and rigid set of rules and ensuring obedience to them. 
C) creating a one-way communication culture,clearly communicating expectations. 
D) the conduct of top managers setting impeccable ethical examples. 
A) limiting diversity in their hiring. 
B) establishing a legalistic and rigid set of rules and ensuring obedience to them. 
C) creating a one-way communication culture,clearly communicating expectations. 
D) the conduct of top managers setting impeccable ethical examples.

Question 2

Business ethics consist of:

Accepted Answer

A) the legal state that is embodied in the employment manual and policy and procedures. 
B) the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. 
C) the fundamental moral values and behaviors specifically for employees only. 
D) None of the above 
A) the legal state that is embodied in the employment manual and policy and procedures. 
B) the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders. 
C) the fundamental moral values and behaviors specifically for employees only. 
D) None of the above

Question 3

When customers shop for "value," they also consider the company's stance on social responsibility.

Accepted Answer

A) True 
 B)False

Question 4

Entrepreneurs can do whatever they want and that conflictive action taken by entrepreneurs against society's ethical standards does not incur a price.

Accepted Answer

A) True 
 B)False

Question 5

To create an environment for your people that facilitates ethical behavior,an entrepreneur should:

Accepted Answer

A) set the tone and establish and enforce policies. 
B) not need to educate. 
C) punish whistle blowers. 
D) All of the above 
A) set the tone and establish and enforce policies. 
B) not need to educate. 
C) punish whistle blowers. 
D) All of the above

Question 6

________ are the various groups and individuals who affect and are affected by a business.

Accepted Answer

A) Consequentialists 
B) Workers 
C) Stakeholders 
D) Objectivists 
A) Consequentialists 
B) Workers 
C) Stakeholders 
D) Objectivists

Question 7

If a manager is made aware of a sexual harassment problem,he/she should:

Accepted Answer

A) immediately fire the person accused of the harassment. 
B) ask the complainant to approach the harasser and try to work it out. 
C) listen carefully and investigate quickly and thoroughly. 
D) make all and any findings public to protect all parties. 
A) immediately fire the person accused of the harassment. 
B) ask the complainant to approach the harasser and try to work it out. 
C) listen carefully and investigate quickly and thoroughly. 
D) make all and any findings public to protect all parties.

Question 8

Managing cultural diversity in the workforce is getting easier as society becomes more diverse.

Accepted Answer

A) True 
 B)False

Question 9

An employer can be held liable for third parties who engage in sexual harassment if the employer has the ability to stop the improper behavior.

Accepted Answer

A) True 
 B)False

Question 10

The Audi 5000 sedan was reported to have sudden,violent acceleration when the transmission was put into drive.Audi first blamed the condition on drivers who didn't know how to operate the transmission,but later was forced to recall the sedan and correct the transmission problem.Audi violated which area of responsibility businesses have to their customers?

Accepted Answer

A) Dependable packaging 
B) Product safety and quality 
C) Truthful advertising 
D) Investor confidence 
A) Dependable packaging 
B) Product safety and quality 
C) Truthful advertising 
D) Investor confidence

Question 11

Managing diversity begins with:

Accepted Answer

A) concentrating on communication. 
B) recognizing your own biases and stereotypes. 
C) valuing diversity as a core company value. 
D) assessing your company's diversity needs. 
A) concentrating on communication. 
B) recognizing your own biases and stereotypes. 
C) valuing diversity as a core company value. 
D) assessing your company's diversity needs.

Question 12

Once a manager recognizes the ethical dimensions involved in a dilemma or decision,his/her next step in establishing a workable ethical framework to guide him/her would be to:

Accepted Answer

A) identify key stakeholders and assess how the decision will affect them. 
B) generate alternative choices. 
C) distinguish between ethical and unethical responses to the situation. 
D) determine who is most responsible for making and implementing the decision. 
A) identify key stakeholders and assess how the decision will affect them. 
B) generate alternative choices. 
C) distinguish between ethical and unethical responses to the situation. 
D) determine who is most responsible for making and implementing the decision.

Question 13

Employees are at the heart of increases in productivity and they add the personal touch that puts the passion in customer service.

Accepted Answer

A) True 
 B)False

Question 14

Business ethics consist of the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders.

Accepted Answer

A) True 
 B)False

Question 15

Businesses have social responsibility to several constituencies: the environment,their employees,their shareholders,the community,and their customers.

Accepted Answer

A) True 
 B)False

Question 16

In terms of ethical behavior,the law merely establishes the minimum standard of behavior.

Accepted Answer

A) True 
 B)False

Question 17

Ricardo disapproves of an advertising campaign featuring scantily clad models in suggestive poses with his company's product.Ricardo is practicing ________ ethical management.

Accepted Answer

A) immoral 
B) amoral 
C) moral 
D) socially irresponsible 
A) immoral 
B) amoral 
C) moral 
D) socially irresponsible

Question 18

The five-step process for developing an ethical framework is very similar to the process for problem-solving in business.

Accepted Answer

A) True 
 B)False

Question 19

Fortunately,for businesses,it only takes a short time to build a reputation and it takes a long time to destroy it.

Accepted Answer

A) True 
 B)False

Question 20

Describe the three levels of ethical standards.

Accepted Answer

The three levels of ethical st

Exam 2: Ethics and Social Responsibility: Doing the Right Thing

A number of things can be done in order to integrate ethical principles into a company,such as:

Business ethics consist of:

When customers shop for "value," they also consider the company's stance on social responsibility.

Entrepreneurs can do whatever they want and that conflictive action taken by entrepreneurs against society's ethical standards does not incur a price.

To create an environment for your people that facilitates ethical behavior,an entrepreneur should:

________ are the various groups and individuals who affect and are affected by a business.

If a manager is made aware of a sexual harassment problem,he/she should:

Managing cultural diversity in the workforce is getting easier as society becomes more diverse.

An employer can be held liable for third parties who engage in sexual harassment if the employer has the ability to stop the improper behavior.

Managing diversity begins with:

Once a manager recognizes the ethical dimensions involved in a dilemma or decision,his/her next step in establishing a workable ethical framework to guide him/her would be to:

Employees are at the heart of increases in productivity and they add the personal touch that puts the passion in customer service.

Business ethics consist of the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders.

Businesses have social responsibility to several constituencies: the environment,their employees,their shareholders,the community,and their customers.

In terms of ethical behavior,the law merely establishes the minimum standard of behavior.

Ricardo disapproves of an advertising campaign featuring scantily clad models in suggestive poses with his company's product.Ricardo is practicing ________ ethical management.

The five-step process for developing an ethical framework is very similar to the process for problem-solving in business.

Fortunately,for businesses,it only takes a short time to build a reputation and it takes a long time to destroy it.

Describe the three levels of ethical standards.

Entrepreneurs: the Driving Force Behind Small Business

Creativity and Innovation: Keys to Entrepreneurial Success

Strategic Management and the Entrepreneur

Choosing a Form of Ownership

Franchising and the Entrepreneur

Buying an Existing Business

New Business Planning Process: Feasibility Analysis,business Modeling,

Building a Bootstrap Marketing Plan

Creative Use of Advertising and Promotion

Pricing and Credit Strategies

Global Marketing Strategies

E-Commerce and Entrepreneurship

Creating a Solid Financial Plan

Managing Cash Flow

Sources of Equity Financing

Sources of Debt Financing

Location,layout,and Physical Facilities

Supply Chain Management

Managing Inventory

Staffing and Leading a Growing Company

Management Succession and Risk Management Strategies in the Family Business

The Legal Environment: Business Law and Government Regulation

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