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Enforcement is perhaps the most important step in an effective code of ethics. |
True |
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A firm’s net social contribution is a company report that measures the difference between its positive social contributions and its negative social impact. |
True |
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One problem with conducting a social audit is: |
Correct how to determine what should be measured and how to calculate the effect on society. |
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A phone call to a government official by an employee of the Enron Corporation disclosed the deception and dishonesty of the firm’s accounting records. This employee played the role of a: |
Whistleblower |
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Going green means: |
Correct increasing one’s initiatives toward a concern for the environment. |
|
Legal behavior is directly related to our relationships with others, while ethical behavior is not. |
False |
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Obeying the law is ________ ethical behavior. |
The first step towrads |
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A(n) _______ -based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers. |
compliance |
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Due to the fact that American ethical standards are very clear-cut, international suppliers do not have difficulty adhering to them. |
False |
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An ethic of justice is based on a sense of responsibility to reduce actual harm or suffering. |
False |
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As a result of pressure from business lobbyists, Congress failed to pass legislation protecting whistleblowers. |
True |
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Insider trading provides the information needed for the securities markets to operate fairly and efficiently. |
False |
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Applying the ethical standards of the U.S. to foreign firms is a difficult process for U.S. firms. |
True |
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Due to the complicated laws and ethical standards abroad, U.S. businesses are encouraged to adopt a, "don’t ask, don’t tell" policy. |
False |
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International issues of social responsibility and ethical behavior are: |
difficult and not as clear-cut as U.S. firms would like them to be |
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An ethical manager’s decisions are based only on the following questions: "Is it legal?" and "Is it profitable?" |
False |
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Corporate philanthropy refers to the position a firm takes on social and political issues. |
False |
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Green washing: |
Correct is the appearance of being "green", when in fact the business is only making green claims without genuinely demonstrating a commitment to going green. |
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Establishing a formal code of ethics is: |
growing in popularity |
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Corporate ________ covers issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. |
responsibility |
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