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Exam 4: Ethics and Corporate Responsibility

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Question 41

Multiple Choice

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On the basis of Zoe's response, which type of ethics program does she prefer?

A) associate-based
B) compliance-based
C) integrity-based
D) systems-based
E) consensus-based

F) None of the above
G) A) and E)

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Question 42

Multiple Choice

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The _____ Act established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence.

A) Securities Exchange
B) Glass-Steagall
C) Commodity Futures Modernization
D) Gramm-Leach-Bliley
E) Sarbanes-Oxley

F) C) and D)
G) B) and C)

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Question 43

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In the context of business ethics, discuss the ethical system of universalism.

In the context of business ethics, which of the following is true of an ethical leader?

Which of the following may prevent the creation of a business climate conducive to unethical behavior?

Write a business ethics code for your current or future employment.

The _____ responsibilities of business are to produce goods and services that society wants at a price that perpetuates the business and satisfies its obligations to investors.

A company can easily avoid environmental issues since the creation and distribution of wealth generates very few by-products.

In Kohlberg's model of cognitive moral development, which category follows the conventional stage?

What are some of the danger signs that an organization may be encouraging unethical behavior?

Which of the following is true of Milton Friedman's dictum about the social responsibility of business?

According to the Caux Principles for Business, the ethical ideal of kyosei means

_____ is the ethical system wherein one seeks the greatest good for the greatest number of people.

In the context of making ethical decisions, the strength and persistence to act in accordance with one's ethics despite the challenges is known as

Jade, a scientist working in the research department of Corals Cosmetics, is asked to not report the ill-effects of using a new product that Corals has decided to launch. Jade's boss offers a hike and a permanent job in exchange for skipping a few details in the report. Jade refuses to do this and asks him to withhold the product from entering the market. According to Kohlberg's model of cognitive moral development, Jade resides in the _____ stage.

Who among the following persons said, "The social responsibility of business is to increase profits"?

Haseen, an employee in a company, is facing a situation in which she has to choose between going along with her colleagues and filling out inaccurate feedback against a new employee or informing her manager about the malpractice. In this context, Haseen is faced with an)

Use the information given below to answer the following three questions: Ahmed and Natalie are the marketing managers of a clothing brand, Ink Corp. They have manufacturing units in India and China. Investors are dissatisfied with the current profits and are pressuring the marketing team to increase profits. Natalie suggests increasing the working hours of the laborers by an hour. Doing so would increase the weekly outputs with minimal increase in the input cost. Ahmed believes that the increase in work hours should reflect as an increase in wage to the laborers. Natalie states that the employee compensation laws are not as stringent as those in the United States and this could be beneficial to them. 1. Describe the shareholder's concerns. 2. In the context of the four levels of corporate social responsibility, explain how Natalie believes they can benefit by increasing the work hours without an increase in pay. 3. In the context of the four levels of corporate social responsibility, contrast Ahmed's concerns with Natalie's.

Two basic ethical ideals underpin the Caux Principles for Business. They are

The processes by which decisions are evaluated and made on the basis of right and wrong in a company refers to its