Question 1

According to Professor Edward Freeman, which of the following is true of ethics and corporate responsibility?

Accepted Answer

A)  Managers can benefit their organizations only by growing profits. 
B)  It is not the responsibility of managers to behave ethically when dealing with their stakeholders. 
C)  Managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders. 
D)  Managers must emphasize ethical behavior toward stakeholders at the cost of growing profits. 
E)  In business, it is a myth that profits and ethical behavior go hand in hand. 
A)  Managers can benefit their organizations only by growing profits. 
B)  It is not the responsibility of managers to behave ethically when dealing with their stakeholders. 
C)  Managers can benefit their organizations by growing profits as well as behaving ethically toward stakeholders. 
D)  Managers must emphasize ethical behavior toward stakeholders at the cost of growing profits. 
E)  In business, it is a myth that profits and ethical behavior go hand in hand. C

Question 2

Business should look at environmental issues as a no-win situation.

Accepted Answer

A) True 
 B)False  False

Question 3

Describe the four levels of corporate social responsibility.

Accepted Answer

Social responsibilities can be categorized specifically. The economic responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors. Economic responsibility may also extend to offering certain products to needy consumers at a reduced price. Legal responsibilities are to obey local, state, federal, and relevant international laws. Ethical responsibilities include meeting other societal expectations, not written as law. Finally, philanthropic responsibilities are additional behaviors and activities that society finds desirable and that the values of the business support. Philanthropic activities can be more than mere altruism; managed properly, "strategic philanthropy" can become not an oxymoron but a way to build goodwill in a variety of stakeholders and even add to shareholder wealth.

Question 4

According to the ethical system of utilitarianism, which of the following is true?

Accepted Answer

A)  Some values must always be upheld, regardless of the consequences. 
B)  Societal rules or customs should be used to mold values. 
C)  Society will be enhanced if we all take care of ourselves and do not harm others. 
D)  Individuals might choose between conflicting values by tallying the final results of the various acts. 
E)  Seeking the greatest good for the greatest number of people should be the overriding concern of decision makers. 
A)  Some values must always be upheld, regardless of the consequences. 
B)  Societal rules or customs should be used to mold values. 
C)  Society will be enhanced if we all take care of ourselves and do not harm others. 
D)  Individuals might choose between conflicting values by tallying the final results of the various acts. 
E)  Seeking the greatest good for the greatest number of people should be the overriding concern of decision makers.

Question 5

What is the most important purpose of an ethical decision-making process in terms of recognizing moral impacts?

Accepted Answer

A)  determining the economic outcomes 
B)  considering the legal requirements 
C)  evaluating the moral duties 
D)  determining the strategic pros and cons 
E)  determining the potential media coverage 
A)  determining the economic outcomes 
B)  considering the legal requirements 
C)  evaluating the moral duties 
D)  determining the strategic pros and cons 
E)  determining the potential media coverage

Question 6

The economic responsibilities of business include satisfying its obligations to investors.

Accepted Answer

A) True 
 B)False

Question 7

Which ethical approach is illustrated by Option 1?

Accepted Answer

A)  egoism 
B)  utilitarianism 
C)  relativism 
D)  virtue ethics 
E)  life-cycle analysis 
A)  egoism 
B)  utilitarianism 
C)  relativism 
D)  virtue ethics 
E)  life-cycle analysis

Question 8

In the context of sustainable development, _____ specifically considers the extraction of raw materials, product packaging, transportation, and disposal of a product.

Accepted Answer

A)  renewability management 
B)  ecocentric management 
C)  sustainability analysis 
D)  environmental analysis 
E)  life cycle analysis 
A)  renewability management 
B)  ecocentric management 
C)  sustainability analysis 
D)  environmental analysis 
E)  life cycle analysis

Question 9

Which of the following goals of transcendent education is described as thinking not just in terms of "don'ts" lie, cheat, steal, kill), but also in terms of positive contributions?

Accepted Answer

A)  empathy 
B)  generativity 
C)  mutuality 
D)  intolerance of ineffective humanity 
E)  civil aspiration 
A)  empathy 
B)  generativity 
C)  mutuality 
D)  intolerance of ineffective humanity 
E)  civil aspiration

Question 10

In the context of the business costs of ethical failures, Level 1 costs that are less damaging and get more executive attention are the costs of

Accepted Answer

A)  government fines and penalties. 
B)  remedial education. 
C)  corrective actions. 
D)  loss of reputation. 
E)  employee turnover and replacement. 
A)  government fines and penalties. 
B)  remedial education. 
C)  corrective actions. 
D)  loss of reputation. 
E)  employee turnover and replacement.

Question 11

Among the following, what is likely to be categorized as a philanthropic endeavor?

Accepted Answer

A)  encouraging all employees to recycle paper 
B)  improving corporate social responsibility by adopting aggressive eco-friendly policies 
C)  addressing areas of social responsibility that contribute to the organization's strategy 
D)  establishing the goals of increasing profitability as top priority 
E)  making a wide variety of charitable contributions to community organizations 
A)  encouraging all employees to recycle paper 
B)  improving corporate social responsibility by adopting aggressive eco-friendly policies 
C)  addressing areas of social responsibility that contribute to the organization's strategy 
D)  establishing the goals of increasing profitability as top priority 
E)  making a wide variety of charitable contributions to community organizations

Question 12

The _____ of an organization refers to the processes by which decisions are evaluated and made on the basis of right and wrong.

Accepted Answer

A)  distribution policy 
B)  ethical climate 
C)  strategic objective 
D)  legal responsibility 
E)  span of control 
A)  distribution policy 
B)  ethical climate 
C)  strategic objective 
D)  legal responsibility 
E)  span of control

Question 13

Which ethical system does Nate use in his decision making?

Accepted Answer

A)  universalism 
B)  egoism 
C)  utilitarianism 
D)  relativism 
E)  conventionalism 
A)  universalism 
B)  egoism 
C)  utilitarianism 
D)  relativism 
E)  conventionalism

Question 14

In the context of ethical systems, which of the following is true of virtue ethics?

Accepted Answer

A)  It suggests that what is moral comes from what a mature person with good "moral character" would deem right. 
B)  It bases ethical behavior on the opinions and behaviors of relevant other people and focuses on what peers think is right. 
C)  It states that rights and wrongs cannot be decided by a few good people alone. 
D)  It implies that individuals have the right to decide what is good for themselves. 
E)  It holds that individual self-interest is the actual motive of all conscious action. 
A)  It suggests that what is moral comes from what a mature person with good "moral character" would deem right. 
B)  It bases ethical behavior on the opinions and behaviors of relevant other people and focuses on what peers think is right. 
C)  It states that rights and wrongs cannot be decided by a few good people alone. 
D)  It implies that individuals have the right to decide what is good for themselves. 
E)  It holds that individual self-interest is the actual motive of all conscious action.

Question 15

____ is the process of evaluating all inputs and outputs, through the entire "cradle-to-grave" journey of a product, in order to determine the total environmental impact of its production and use.

Accepted Answer

A)  Life cycle analysis 
B)  Cost benefit analysis 
C)  Ethnocentric management 
D)  Compliance building 
E)  Ergonomic development 
A)  Life cycle analysis 
B)  Cost benefit analysis 
C)  Ethnocentric management 
D)  Compliance building 
E)  Ergonomic development

Question 16

Which ethical system does Lila use to make her decision?

Accepted Answer

A)  universalism 
B)  egoism 
C)  utilitarianism 
D)  relativism 
E)  conventionalism 
A)  universalism 
B)  egoism 
C)  utilitarianism 
D)  relativism 
E)  conventionalism

Question 17

The _____ model is a theory of corporate social responsibility that holds that managers are agents of stockowners whose primary objective is to maximize profits.

Accepted Answer

A)  philanthropic 
B)  ethical 
C)  shareholder 
D)  customer 
E)  stakeholder 
A)  philanthropic 
B)  ethical 
C)  shareholder 
D)  customer 
E)  stakeholder

Question 18

In the context of corporate social responsibility, _____ responsibility involves meeting other societal expectations that are not written as law.

Accepted Answer

A)  economic 
B)  legal 
C)  human rights 
D)  ethical 
E)  fiscal 
A)  economic 
B)  legal 
C)  human rights 
D)  ethical 
E)  fiscal

Question 19

Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge impact on her employees. In the context of making an ethical decision, this stage is known as

Accepted Answer

A)  moral certainty. 
B)  moral ability. 
C)  moral awareness. 
D)  moral judgment. 
E)  moral characterization. 
A)  moral certainty. 
B)  moral ability. 
C)  moral awareness. 
D)  moral judgment. 
E)  moral characterization.

Question 20

Which of the following is an example of a value?

Accepted Answer

A)  competency 
B)  legality 
C)  rational ability 
D)  integrity 
E)  efficiency 
A)  competency 
B)  legality 
C)  rational ability 
D)  integrity 
E)  efficiency

According to Professor Edward Freeman, which of the following is true of ethics and corporate responsibility?

Business should look at environmental issues as a no-win situation.

Describe the four levels of corporate social responsibility.

According to the ethical system of utilitarianism, which of the following is true?

What is the most important purpose of an ethical decision-making process in terms of recognizing moral impacts?

The economic responsibilities of business include satisfying its obligations to investors.

Which ethical approach is illustrated by Option 1?

In the context of sustainable development, _____ specifically considers the extraction of raw materials, product packaging, transportation, and disposal of a product.

Which of the following goals of transcendent education is described as thinking not just in terms of "don'ts" lie, cheat, steal, kill), but also in terms of positive contributions?

In the context of the business costs of ethical failures, Level 1 costs that are less damaging and get more executive attention are the costs of

Among the following, what is likely to be categorized as a philanthropic endeavor?

The _____ of an organization refers to the processes by which decisions are evaluated and made on the basis of right and wrong.

Which ethical system does Nate use in his decision making?

In the context of ethical systems, which of the following is true of virtue ethics?

____ is the process of evaluating all inputs and outputs, through the entire "cradle-to-grave" journey of a product, in order to determine the total environmental impact of its production and use.

Which ethical system does Lila use to make her decision?

The _____ model is a theory of corporate social responsibility that holds that managers are agents of stockowners whose primary objective is to maximize profits.

In the context of corporate social responsibility, _____ responsibility involves meeting other societal expectations that are not written as law.

Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge impact on her employees. In the context of making an ethical decision, this stage is known as

Which of the following is an example of a value?

Managing Effectively in a Global World

The Evolution of Management

The Organizational Environment and Culture

Planning and Decision Making

Entrepreneurship

Organizing for Success

Managing Human Resources

Managing Diversity and Inclusion

Leadership

Motivating People

Teamwork

Communicating

Managerial Control

Innovating and Changing

Filters

Exam 4: Ethics and Corporate Responsibility

According to Professor Edward Freeman, which of the following is true of ethics and corporate responsibility?

Business should look at environmental issues as a no-win situation.

Describe the four levels of corporate social responsibility.

According to the ethical system of utilitarianism, which of the following is true?

What is the most important purpose of an ethical decision-making process in terms of recognizing moral impacts?

The economic responsibilities of business include satisfying its obligations to investors.

Which ethical approach is illustrated by Option 1?

In the context of sustainable development, _____ specifically considers the extraction of raw materials, product packaging, transportation, and disposal of a product.

Which of the following goals of transcendent education is described as thinking not just in terms of "don'ts" lie, cheat, steal, kill), but also in terms of positive contributions?

In the context of the business costs of ethical failures, Level 1 costs that are less damaging and get more executive attention are the costs of

Among the following, what is likely to be categorized as a philanthropic endeavor?

The _____ of an organization refers to the processes by which decisions are evaluated and made on the basis of right and wrong.

Which ethical system does Nate use in his decision making?

In the context of ethical systems, which of the following is true of virtue ethics?

____ is the process of evaluating all inputs and outputs, through the entire "cradle-to-grave" journey of a product, in order to determine the total environmental impact of its production and use.

Which ethical system does Lila use to make her decision?

The _____ model is a theory of corporate social responsibility that holds that managers are agents of stockowners whose primary objective is to maximize profits.

In the context of corporate social responsibility, _____ responsibility involves meeting other societal expectations that are not written as law.

Nina, a manager, is considering reducing the workforce to cut down on costs. She realizes that this decision will have a huge impact on her employees. In the context of making an ethical decision, this stage is known as

Which of the following is an example of a value?

Managing Effectively in a Global World

The Evolution of Management

The Organizational Environment and Culture

Planning and Decision Making

Entrepreneurship

Organizing for Success

Managing Human Resources

Managing Diversity and Inclusion

Leadership

Motivating People

Teamwork

Communicating

Managerial Control

Innovating and Changing

Filters