Question 1

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements is true about ethical decision making?

Accepted Answer

A)  In ethical decision making,managers need not consider the implications of a proposed strategic decision on external stakeholders.
B)  In ethical decision making,it is illegal to apply the moral principles articulated in any company document other than the code of ethics.
C)  Since maximizing long-run profitability is the decision rule that most businesses stress,it should be applied irrespective of whether moral principles are being violated.
D)  Companies should place their narrow economic interests before the interests of stakeholders.
E)  In ethical decision making,managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders.F) C) and D)
G) A) and B)

Question 3

Describe how violation of the apartheid laws by Western businesses helped improve human rights in South Africa.

Accepted Answer

Despite the odious nature of the aparthe...

Question 4

The practice of "gift giving" between the parties to a business negotiation is considered right and proper behavior in many Asian cultures.However,some Westerners view the practice as a form of bribery,and therefore unethical,particularly if the gifts are substantial.This reflects that

Accepted Answer

A)  notions of ethics are universal.
B)  Asian countries are still under the influence of totalitarianism.
C)  what is ethical depends on one's cultural perspective.
D)  Asian cultures are more economically advanced.
E)  there is unanimous agreement about accepted employment practices.F) A) and E)
G) D) and E)

Question 5

When an employee says no to a supervisor because what he or she was asked to do was unethical,it exhibits the employee's

Accepted Answer

A)  moral courage.
B)  organizational citizenship.
C)  ethical dilemma.
D)  cross-cultural literacy.
E)  cultural relativism.F) B) and E)
G) A) and D)

Question 6

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person,the members of a profession,or the actions of an organization.

Accepted Answer

A) True 
 B)False

Question 7

Neon Synergy Inc.operates in three different countries,and is headed by a CEO who believes that the best approach to ethics is cultural relativism.In this context,which of the following statements is most likely to be true regarding Neon Synergy?

Accepted Answer

A)  All business units of Neon Synergy will adopt a common standard of ethics irrespective of their location.
B)  Business decisions made by managers of Neon Synergy will be solely based on the goal of maximization of societal good.
C)  The business units of Neon Synergy will be empowered to adopt the standards of ethics followed in their respective host nations.
D)  Neon Synergy will extensively advocate the idea that universal notions of morality transcend different cultures.
E)  Neon Synergy will follow its home-country standards of ethics at all its foreign locations.F) B) and C)
G) C) and E)

Question 8

An organizational culture that requires all decisions to be purely economic is more likely to allow unethical behavior to flourish and persist.

Accepted Answer

A) True 
 B)False

Question 9

In the modern world,corporations can worsen the global tragedy of the commons by

Accepted Answer

A)  moving production to locations where they are free to pump pollutants into the environment.
B)  imposing stringent environmental standards on developing countries.
C)  creating common environmental and employment standards for all nations.
D)  adopting costly pollution controls and in turn losing out on economic advantages.
E)  adhering to civil laws rather than common laws in case of any environmental violations.F) A) and E)
G) B) and D)

Question 10

Which of the following applies to the theory of rights?

Accepted Answer

A)  firms can pursue actions that violate fundamental rights in order to maximize profits
B)  collective good forms the basis for the moral compass that managers should use when making ethical decisions
C)  fundamental human rights and privileges transcend national boundaries and cultures
D)  people should be treated as means to the ends of others and never purely as end
E)  firms that fail to maximize stockholders' wealth violate fundamental rights and privilegesF) All of the above
G) A) and E)

Question 11

What does Article 29 of the Universal Declaration of Human Rights convey?

Accepted Answer

A)  By protecting employees,trade unions violate the fundamental rights of stockholders.
B)  It is ethical to pay less than subsistence wages,if that happens to be the practice in some countries.
C)  Multinationals can compensate for the violation of fundamental rights by taking up social expenditures.
D)  Everyone has duties to the community in which alone the free and full development of a person is possible.
E)  Nations should vary the fundamental rights granted to their citizens based on their respective cultures.F) A) and D)
G) A) and C)

Question 12

Why are home-country managers working abroad in multinational firms (expatriate managers)likely to experience more than the usual degree of pressure to violate their personal ethics?

Accepted Answer

Home-country managers working abroad in ...

Question 13

What are grease payments?

Accepted Answer

Sometimes known as speed money or grease...

Question 14

Discuss the environmental issues related to businesses operating in developing nations.

Accepted Answer

Ethical issues arise when environmental ...

Question 15

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is most likely to be a function of ethics officers in firms?

Accepted Answer

A)  auditing decisions to make sure they are consistent with the company's moral principles
B)  identifying the ethical principles followed by competing companies
C)  ensuring that the economic interests of stakeholders is given prime importance
D)  training managers to avoid moral imagination and veil of ignorance
E)  informing external stakeholders about the moral intent of a decisionF) A) and E)
G) A) and C)

Question 17

Compare and contrast cultural relativism and righteous moralism.

Accepted Answer

Straw men approaches to business ethics ...

Question 18

The primary purpose for which managers use a moral compass is to

Accepted Answer

A)  help them navigate through difficult ethical dilemmas.
B)  maximize stockholders' wealth.
C)  legally justify their unethical behavior.
D)  identify new markets that have the best growth potential.
E)  establish political imperialism in host countries.F) None of the above
G) D) and E)

Question 19

Describe the five-step process involved in ethical decision making.

Accepted Answer

A stakeholder analysis is a five-step pr...

Question 20

Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions,and that there should be a presumption in favor of decisions that have both good economic and social consequences?

Accepted Answer

A)  corporate dissonance
B)  tragedy of the commons
C)  corporate dynamism
D)  corporate social responsibility
E)  economies of scaleF) C) and E)
G) B) and E)

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Which of the following refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions,and that there should be a presumption in favor of decisions that have both good economic and social consequences?

Correct AnswerverifiedShow Answer

What does Article 29 of the Universal Declaration of Human Rights convey?

Correct AnswerverifiedShow Answer

When an employee says no to a supervisor because what he or she was asked to do was unethical,it exhibits the employee's

Correct AnswerverifiedShow Answer

An organizational culture that requires all decisions to be purely economic is more likely to allow unethical behavior to flourish and persist.

Correct AnswerverifiedShow Answer

Describe the five-step process involved in ethical decision making.

Correct AnswerverifiedA stakeholder analysis is a five-step pr...View AnswerShow Answer

Which of the following applies to the theory of rights?

Correct AnswerverifiedShow Answer

Neon Synergy Inc.operates in three different countries,and is headed by a CEO who believes that the best approach to ethics is cultural relativism.In this context,which of the following statements is most likely to be true regarding Neon Synergy?

Correct AnswerverifiedShow Answer

Which of the following statements is true about ethical decision making?

Correct AnswerverifiedShow Answer

Business leaders should use every relevant opportunity to stress the importance of business ethics and make sure that key business decisions not only make good economic sense but also are ethical.

Correct AnswerverifiedShow Answer

In the modern world,corporations can worsen the global tragedy of the commons by

Correct AnswerverifiedShow Answer

Which of the following is most likely to be a function of ethics officers in firms?

Correct AnswerverifiedShow Answer

The primary purpose for which managers use a moral compass is to

Correct AnswerverifiedShow Answer

Discuss the environmental issues related to businesses operating in developing nations.

Correct AnswerverifiedEthical issues arise when environmental ...View AnswerShow Answer

Why are home-country managers working abroad in multinational firms (expatriate managers)likely to experience more than the usual degree of pressure to violate their personal ethics?

Correct AnswerverifiedHome-country managers working abroad in ...View AnswerShow Answer

John Rawls's veil of ignorance is a conceptual tool that contributes to the moral compass that managers can use to help them navigate through difficult ethical dilemmas.

Correct AnswerverifiedShow Answer

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person,the members of a profession,or the actions of an organization.

Correct AnswerverifiedShow Answer

Compare and contrast cultural relativism and righteous moralism.

Correct AnswerverifiedStraw men approaches to business ethics ...View AnswerShow Answer

What are grease payments?

Correct AnswerverifiedSometimes known as speed money or grease...View AnswerShow Answer

The practice of "gift giving" between the parties to a business negotiation is considered right and proper behavior in many Asian cultures.However,some Westerners view the practice as a form of bribery,and therefore unethical,particularly if the gifts are substantial.This reflects that

Correct AnswerverifiedShow Answer

Describe how violation of the apartheid laws by Western businesses helped improve human rights in South Africa.

Correct AnswerverifiedDespite the odious nature of the aparthe...View AnswerShow Answer

Correct Answer
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A stakeholder analysis is a five-step pr...
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Ethical issues arise when environmental ...
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Correct Answer
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Home-country managers working abroad in ...
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Straw men approaches to business ethics ...
View Answer

Correct Answer
verified
Sometimes known as speed money or grease...
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Correct Answer
verified

Correct Answer
verified
Despite the odious nature of the aparthe...
View Answer