Question 1

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

Accepted Answer

A) True 
 B)False  False

Question 2

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.F) A) and D)
G) C) and D) C

Question 3

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)   stakeholderF) C) and E)
G) C) and D)

Question 4

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.F) C) and D)
G) All of the above

Question 5

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 organizationsF) B) and E)
G) B) and C)

Question 6

Which ethical system does Lila use to make her decision?

Accepted Answer

A)   universalism
B)   egoism
C)   utilitarianism
D)   relativism
E)   conventionalismF) A) and D)
G) C) and D)

Question 7

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 aspirationF) A) and D)
G) A) and C)

Question 8

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)   fiscalF) B) and C)
G) B) and E)

Question 9

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 coverageF) D) and E)
G) A) and B)

Question 10

____ 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 developmentF) B) and E)
G) B) and C)

Question 11

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.F) A) and B)
G) D) and E)

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 controlF) None of the above
G) C) and E)

Question 13

Which ethical approach is illustrated by Option 1?

Accepted Answer

A)   egoism
B)   utilitarianism
C)   relativism
D)   virtue ethics
E)   life-cycle analysisF) B) and D)
G) None of the above

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Which ethical system does Nate use in his decision making?

Accepted Answer

A)   universalism
B)   egoism
C)   utilitarianism
D)   relativism
E)   conventionalismF) All of the above
G) B) and C)

Question 16

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.F) A) and B)
G) B) and D)

Question 17

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.F) B) and C)
G) C) and D)

Question 18

Which of the following is an example of a value?

Accepted Answer

A)   competency
B)   legality
C)   rational ability
D)   integrity
E)   efficiencyF) C) and D)
G) None of the above

Question 19

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 20

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 analysisF) A) and C)
G) C) and D)

Exam 4: Ethics and Corporate Responsibility

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

Correct Answer
verified
False

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

Correct Answer
verified
C

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

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Which ethical system does Lila use to make her decision?

Correct Answer
verified

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?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

____ 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.

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Which ethical approach is illustrated by Option 1?

Correct Answer
verified

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

Correct Answer
verified

Which ethical system does Nate use in his decision making?

Correct Answer
verified

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

Correct Answer
verified

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

Correct Answer
verified

Which of the following is an example of a value?

Correct Answer
verified

Describe the four levels of corporate social responsibility.

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

Correct Answer
verified

Exam 4: Ethics and Corporate Responsibility

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

Correct AnswerverifiedFalse

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

Correct AnswerverifiedC

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which ethical system does Lila use to make her decision?

Correct AnswerverifiedShow Answer

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?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

____ 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.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which ethical approach is illustrated by Option 1?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which ethical system does Nate use in his decision making?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Which of the following is an example of a value?

Correct AnswerverifiedShow Answer

Describe the four levels of corporate social responsibility.

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

Correct AnswerverifiedShow Answer

Correct Answer
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False

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C

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