|
Determining what is involved for a firm to be socially responsible |
varies even among those who are interested in corporate responsibility |
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Many individuals today believe that ethical behavior is determined by what is best for them at the time. This is an example of |
Situational ethics |
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Purposefully understating your firm’s income to avoid paying higher taxes is an example of |
Illegal behavior |
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Compliance-based ethics codes |
conform to laws and regulations |
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One factor causing businesses to vigorously enforce ethical standards is the: |
fear of negative publicity |
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Establishing a formal code of ethics is: |
growing in popularity. |
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An ethical dilemma refers to a situation where you must |
choose between equally unsatisfactory alternatives |
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When Bagel Works employs in-store recycling, composting, and uses nontoxic cleaners, Bagel Works is participating in |
corporate responsibility |
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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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Some critics of corporate social responsibility view spending money on CSR as: |
stealing from investors. |
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Business relationships often present ethical dilemmas that are: |
not easily resolved. |
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Ethical behavior at work is learned by: |
Observing the actions of others. |
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The danger in writing new laws to correct behavior is that: |
People may begin to think that any behavior that is legal is acceptable. |
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A(n) _______ -based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability among employees. |
integrity |
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When a firm undertakes corporate social initiatives it is: |
Making donations that are directly related to a firm’s corporate competency. |
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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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Which of the following statements describes ethical behavior in the U.S.? |
We can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage. |
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The first step when facing an ethical dilemma is to ask: |
"Is it legal?" |
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The position a firm takes on issues that affect the corporation as well as society is known as its: |
corporate policy |
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A whistleblower is a person who |
reports illegal or unethical behavior in the corporation |
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The social audit is: |
a company report that measures the firm’s social contributions inside and outside of the firm. |
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The majority of CEOs blame unethical employee conduct on |
a failure of leadership to establish ethical standards. |
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Following an ethics-based approach to decision making will normally lead to higher: |
trust and cooperation. |
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Which of the following is a characteristic of an effective ethics officer? |
(S)he has a capacity to serve as a counselor and an investigator. |
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Creating competition between employees within the corporation: |
can encourage employees to deceive customers. |
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Corporate social responsibility describes the firm’s: |
concern for the welfare of society. |
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A recent study revealed that most Americans have: |
few moral absolutes. |
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In order to avoid insider trading, the SEC (Securities and Exchange Commission) has adopted a new rule called _____________ that requires publicly traded companies to release information to everyone in a timely manner, rather than just to a few persons. |
Regulation FD (Fair Disclosure) |
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Ethical behavior will result in which of the following? |
Improved self-esteem – makes us feel good about our decision |
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Which of the following is an unresolved ethical issue that surrounds global trade? |
Labor standards |
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