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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 41

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Which of the following statements describes ethical behavior in the U.S.?

A) Due to the diverse cultures that make-up the U.S.it is difficult to identify common standards of ethical behavior.
B) The only common standards of ethical behavior in the U.S.are reflected in religious teachings.
C) We can find common moral values that many Americans uphold,including respect for human life,self-control,honesty,integrity,and courage.
D) Americans will generally describe the golden rule as the only statement of value that they uphold.

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Question 42

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Environmental quality is considered to be a public good.This means that:

A) ultimately it is the public that pays for environmental clean up.
B) businesses have a responsibility to minimize their environmental pollution.
C) everyone enjoys a cleaner environment regardless of who pays for it.
D) society places a higher value on private goods and services.

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Question 43

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An important step in improving U.S.business ethics is for companies to hire whistleblowers.

The International Organization for Standardization ISO)plans to publish a standard on social responsibility called ISO 26000.

Trying to make decisions that will benefit all parties involved is consistent with the question "How will it make me feel about myself?"

Laws that protect us from fraud,theft and violence determine ethical behavior.

Given the ethical lapses that are prevalent today in our businesses,which of the following can be done to restore trust in the free-market system and leaders in general?

An) ________-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.

An ethic of care is based on principles like justice,fairness,equality,or authority.

The Making Ethical Decisions box titled "Facebook or Fakebook" depicts the social media sites' widespread popularity.It asks members to consider:

Making accounting records more transparent may help restore trust in the free-market system and leaders in general.

Given the level of diversity within the United States,agreement on common standards of ethical behavior is unachievable.

A U.S.government official has indicated that for a generous contribution to his reelection fund,he would ignore your firm's apparent violation of several anti-pollution laws.Which of the following "ethics check questions" would you consider first?

Due to their significant economic power,large multinational firms can ignore the ethical standards of a society without consequences.

Corporate social responsibility refers to the concern businesses have for the welfare of society.

At a recent town hall meeting,citizens expressed concern regarding the impact of a proposed new gambling casino.The owner of the proposed casino responded,"I don't know what all of this fuss is about.I'm just a businessman trying to earn a profit,provide new jobs,and pay taxes." His response reflects an overall commitment to corporate social responsibility.

Which of the following would be a unique focus of an integrity-based ethics code?

About 10 years ago,there were several bank mergers.Shortly after Big Bucks Bank bid on The Bank of Plenty,a story hit the local newspapers about the investigation into the purchase of several thousand shares of stock of the Bank of Plenty by three of its top executives,just prior to the announcement that Big Bucks Bank planned to buy Bank of Plenty.Upon close examination by the SEC Securities and Exchange Commission)it was determined that the stock purchases were an illegal maneuver on the part of these executives.This is an example of insider trading.The executives were "banking" on the stock price rising sharply when the purchase announcement was made public.

Corporate social responsibility describes the firm's:

In recent years,progressive firms have embarked upon ____________,where they will commit company resources and expertise toward helping-out in emergency type situations.