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Exam 5: Ethics, corporate Responsibility, and Sustainability

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Question 51

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Which of the following responsibilities lies at the base of the pyramid of global corporate social responsibility and performance?

A) legal responsibility
B) economic responsibility
C) environmental responsibility
D) ethical responsibility
E) philanthropic responsibility

F) C) and E)
G) B) and E)

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Question 52

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Describe Kohlberg's model of cognitive moral development.Give an example for each of the stages.

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Student examples will vary but should de...

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Question 53

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Rafael believes that everyone should uphold honesty,justice,and kindness so that society can function at its best.Which ethical system best fits Rafael's beliefs?

Explain how environmental issues and sustainability can be business opportunities rather than burdens.

Most people have unconscious biases that favor themselves and their own group.

During a high-level meeting of Jerry's Toys executives,you and several other executives offer solutions to the recent decline in sales.Considering the levels of global corporate social responsibility,you decide you want to use a philanthropic solution.Which of the following actions would you take?

Scenario C: Aparna and Eli,managers from different departments at Greater Midwest Credit Union,are discussing the troubling behavior of a credit union employee.Aparna says that it is the responsibility of high-level managers to take steps to prevent legal wrongdoing by punishing offenders.However,Eli believes that every individual should take personal responsibility for his or her own behavior and that everyone needs to understand how to do the right thing. -Which of the following types of ethics program does Aparna prefer for the company?

Which of the following is a danger sign that organizations may be allowing or even encouraging unethical behavior?

Once a year at the annual employee meeting,the president of Federated Finance reminds all his employees of his belief that there are certain values everyone can agree on,such as honesty,fairness,and respect for life.Which ethical system does the president believe in?

________ considers acceptable behavior to be that which maximizes benefits for the individual.

Kiko works as a receptionist for a medical office.Some of the doctors have asked her to tell patients that they are in an appointment when in fact they are playing golf.Which of the following actions would Kiko take if she wanted to follow the ethical system of universalism?

Ben is hired as the head of a business school at a prominent university.He wants his instructors to give their students a transcendent education,especially concerning civil aspiration.Because of this,which of the following student assignments would Ben promote?

Scenario E: Senior management at Benbow & Garcia is attending a corporate retreat,and the first item for discussion is corporate social responsibility (CSR) .The group has discussed this before and then shot it down because it generally costs Benbow & Garcia's shareholders in the form of reduced distributions.But the new VP,Branca,is about to explain why she believes CSR will actually benefit the shareholders and Benbow & Garcia management alike.Her team begins the presentation with a discussion of CSR,both its current definition and reconciliation of past views.Sergei then discusses the importance of being a good global corporate citizen by supporting the local school system.Madison takes the floor to make the case for doing what is expected by global stakeholders even though there are no laws requiring those actions.Finally,Branca wraps the discussion up by defining why Benbow & Garcia should take legal responsibility for the firm's performance. -Branca's presentation most likely centered on taking which of the following actions?

________ are the two ethical ideals of the Caux Principles.

A transcendent education involves balancing self-interest with responsibility to others.

How has the view of the business community toward environmental issues changed in the twenty-first century?

Scenario E: Senior management at Benbow & Garcia is attending a corporate retreat,and the first item for discussion is corporate social responsibility (CSR) .The group has discussed this before and then shot it down because it generally costs Benbow & Garcia's shareholders in the form of reduced distributions.But the new VP,Branca,is about to explain why she believes CSR will actually benefit the shareholders and Benbow & Garcia management alike.Her team begins the presentation with a discussion of CSR,both its current definition and reconciliation of past views.Sergei then discusses the importance of being a good global corporate citizen by supporting the local school system.Madison takes the floor to make the case for doing what is expected by global stakeholders even though there are no laws requiring those actions.Finally,Branca wraps the discussion up by defining why Benbow & Garcia should take legal responsibility for the firm's performance. -In Scenario E,Sergei's presentation most likely focuses on the ________ responsibility of the firm.

Which of the following is a goal of a transcendent education?

________ 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.

________ is the system of rules that governs the ordering of values.