Exam 9: Ethics, corporate Social Responsibility, environmental Sustainability, and Strategy

A) Providing work-at-home opportunities
B) Donating a percentage of its profits to a global charity like UNICEF or the Red Cross
C) Selling products at a discounted price to customers in underdeveloped countries
D) Paying to have litter removed from a state highway
E) Discontinuing business with suppliers that use child labor

Correct Answer

verified

Show Answer

Correct Answer

verified

Shareholders suffer major damage when a ...

View Answer

Show Answer

A) the school of ethical relativism.
B) the school of ethical universalism.
C) integrative social contracts theory.
D) the global corruption standards published by Transparency International.
E) the Global Code of Ethical and Social Morality developed by the United Nations.

Correct Answer

verified

Show Answer

A) Actions to ensure that the company operates in an honorable and ethical manner
B) Actions to ensure diversity in the workforce
C) Actions (over and above what is required) to protect or enhance the environment,including both those environmental problems stemming from the company's own business activities and those problems outside the company's immediate sphere of operations
D) Actions to create a work environment that enhances the quality of life for employees and makes the company a great place to work
E) Actions that place profits and returns to shareholders without respect to commitments to employees,communities,and the environment.

Correct Answer

verified

Show Answer

Correct Answer

verified

Corporate social responsibility (CSR)ini...

View Answer

Show Answer

A) Children are not as efficient as adults in doing physically demanding work.
B) Many child laborers come from poverty-stricken families.
C) Banning child labor increases school attendance.
D) Working children learn independence.
E) Use of adults leads to higher labor costs.

Correct Answer

verified

Show Answer

Correct Answer

verified

Ethical universalism is based on the pre...

View Answer

Show Answer

A) deal chiefly with the actions and behaviors required to operate companies in a socially responsible manner.
B) deal chiefly with the rules each company's top management and board of directors make about what is right and what is wrong.
C) are not materially different from ethical principles in general.
D) are generally less stringent than the ethical principles for society at large.
E) are generally more stringent than the ethical principles for society at large.

Correct Answer

verified

Show Answer

A) of the dangers that top management will be embarrassed if the company's unethical behavior is publicly exposed.
B) a strategy that is unethical not only damages the company's reputation,but it can also have costly consequences.
C) everyone is an ethics watchdog,and somebody is sure to blow the whistle on the company's unethical behavior.
D) of the risks of getting caught and prosecuted by governmental authorities if an unethical strategy is used.
E) unethical strategies are inconsistent with or else weaken the corporate culture.

Correct Answer

verified

Show Answer

Correct Answer

verified

Environmental sustainability involves de...

View Answer

Show Answer

A) intangible costs such as legal and investigative costs incurred by the company.
B) internal administrative costs associated with ensuring future compliance.
C) intangible costs such as customer defections.
D) less visible costs such as the costs of complying with often harsher government regulation.
E) visible costs to shareholders such as lower stock price.

Correct Answer

verified

Show Answer

A) because ethical standards are subjective,it is perfectly appropriate for each company to define and implement its own ethical principles of right and wrong as concerns the use of underage labor and the payment of bribes and kickbacks.
B) ethical standards are determined objectively (rather than subjectively) .
C) whether the payment of bribes and kickbacks should be deemed ethical or unethical depends on the moral standards,values,beliefs,convictions,and business norms that prevail in particular cultures,societies,countries,or circumstances.
D) ethical standards are objective and universal;thus,whether the use of underage labor and the payment of bribes and kickbacks should be deemed ethical or unethical definitely is not dependent on the moral standards,values,beliefs,convictions,and business norms that prevail in particular cultures,societies,countries,or circumstances.
E) standards of right and wrong are governed by what is legal in a given country;thus,whether the use of underage labor and the payment of bribes and kickbacks is ethical or unethical is governed by local law.

Correct Answer

verified

Show Answer

A) Actions to ensure that the company operates in an honorable and ethical manner
B) Actions to build a workforce that is diverse with respect to gender,race,national origin,and perhaps other personal characteristics
C) Actions to look out exclusively for the best interests of shareholders
D) Actions to protect or enhance the environment (apart from what is required by governmental authorities)
E) Actions to create a work environment that enhances the quality of life for employees

Correct Answer

verified

Show Answer

Correct Answer

verified

Ethical universalism is based on the pre...

View Answer

Show Answer

Correct Answer

verified

Integrative social contracts theory (1)s...

View Answer

Show Answer

Correct Answer

verified

Sustainable business practices are those...

View Answer

Show Answer

Correct Answer

verified

Apart from a common misperception that e...

View Answer

Show Answer

A) Costs of providing remedial education and ethics training to company personnel
B) Civil penalties
C) Legal and investigative costs
D) Loss of reputation
E) Costs of taking corrective actions

Correct Answer

verified

Show Answer