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Exam 2: Ethics and Corporate Social Responsibility

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Question 21

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Oxtron, Inc. is considering establishing a program that actively encourages ethical behavior. What reasons would support Oxtron's adoption of an ethics program?

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The following reasons support an ethics ...

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Question 22

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John Johnson is a customer of company ABC. As such, John is a(n)

A) shareholder.
B) customer and stakeholder.
C) customer only.
D) stakeholder only.

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Question 23

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Wever, Inc. is considering relocating a facility to Mexico. The interests of the various stakeholders affected by this decision may conflict.

Which person argued that a corporate manager's primary responsibility is to the shareholders of the organization and that managers should make the company as profitable as possible while also complying with the law?

_______ is the belief that some acts are always right or always wrong, whereas ______ is the belief that a decision may be right even if it is not in keeping with our own ethical standards.​

Your co-worker, Bill, comes into the office and tells you that he is going to play "hooky" and go golfing, believing that the boss will think he is out calling on clients. When your boss comes in, he asks you where Bill is and you reply, "I saw him in the office earlier this morning, but I haven't seen him lately." What would Kant call this misleading statement?

John Akers, former chairman of IBM, argued that ethics are not important to economic competitiveness.

A recent study found that more creative people tend to be less ethical. Why is this so?​

What is ethics?

Explain the meaning of the following ethics traps: rationalization, conformity, following orders, lost in a crowd, and blind spots.

Does ethical behavior maximize profitability?

Life Principles are set by your parents and do not change over time.

Which of the following statements best exemplifies how society as a whole benefits from ethical behavior?

The goal of utilitarian ethics is to

​Haley is an accountant for a large hospital network. She knows that she could easily "skim" money from the organization to keep for herself and chances are she would not get caught. However, she keeps thinking about what would happen to her and her family if her actions went viral and appeared all over the Internet or in her local newspaper. What ethics test is Haley considering?

Utilitarian ethics holds that decisions should be made on the basis of practicality, and whatever action is most convenient should be favored.

What word is best associated with deontological ethics?​

Under utilitarian ethics, if a decision maximizes happiness in the most people and minimizes pain, it is ethical.

Immanuel Kant was a German philosopher who was a proponent of utilitarian ethics.

Jamal was recently hired as a sales representative for a pharmaceutical company. He notices that all the other sales reps "pad" their expense accounts by claiming meals with clients that never took place and then pocket the extra money. Jamal figures that since everyone else is cheating on their expense accounts, he might as well do the same. What ethics trap is Jamal falling into?