Exam 3: Ethics and Social Responsibility

Which of the following rationalizations for unethical behaviour reflects the mistaken belief that one's behaviour is acceptable, especially in ambiguous situations?

An organization is meeting its legal responsibility when it

Corporate governance typically involves hiring, firing, and compensating the chief executive officer (CEO); assessing strategy; and verifying financial records.

___ is a structured program designed by organizations to maintain high ethical standards by helping people understand ethical aspects of decision making.

Self-respect, freedom, happiness, inner harmony, and family security are examples of terminal values; and courage, imagination, ambition, self-discipline, and honesty are examples of instrumental values.

The Sarbanes-Oxley Act of 2002 makes it easier for corporate executives to be tried and sentenced to jail for ___.

According to its opponents, corporate social responsibility will raise business costs, reduce business profits, dilute the purpose of business, and give business too much social power.

Justice view is based on the belief that ethical decisions treat people impartially and fairly, according to legal rules and standards.

Which of the following is most likely to result in a virtuous circle?

Fredrick works for Vision, a billboard advertising agency, which hires billboards from owners on behalf of clients. Fredrick routinely accepts pay-offs from billboard owners in exchange for referring their billboards to clients. This behaviour could result in his dismissal from Vision, if found out. Which statement is Fredrick most probably utilizing to rationalize his actions?

The classical view of social responsibility maintains that the organization must be concerned with the broader social welfare and not just with corporate profits.

The value of any formal code of ethics relies on all of the following except

Ethics mindfulness is a state of awareness that causes a person to behave in an ethical manner from one situation to another.

The obstructionist strategy involves a corporate social responsibility commitment that reflects mainly economic concerns and meets the organization's economic responsibility.

A manager who operates in a foreign country with the premise that ethical behaviour is always determined by its cultural context is adopting a perspective of universalism.

___ is making sure day-to-day performance is achieved ethically and in socially responsible manner.

According to the classical view of CSR, the principal obligation of management should be to owners and shareholders.

Roger, Isaac, Irene, and Betty were the last students to leave their class after a lecture. They noticed that the instructor had left behind a copy of the midterm exam on her desk. "I'll take a quick look at and ease some of my fears about the midterm," thought Roger. However, Isaac wanted to look at the midterm to copy the answers. Irene and Betty exited without looking at the midterm because they believed it was wrong, even though they hadn't studied and there was a high probability that would fail the midterm. Who was operating in Stage 2 of Kohlberg's preconventional level of moral development?

Procedural justice involves the degree to which policies and rules are fairly applied to all individuals.

An executive who assumes that ethical standards should apply absolutely across cultures and national boundaries is operating under which cultural perspective?