BUS CH 10

According to the text, the first social responsibility of any business is to:

Make enough profit to cover the costs of the future, because if this is not achieved then no other social responsibility can be met.

Firms can align ethical and strategic decision making by:

Monitoring departmental and corporate performance regarding ethical issues.

Japan's prescription for dealing with problems associated with an aging society includes:

Reversing the old-fashioned trend of keeping women at home.

Workplace romance:

Simply happens so organizations should determine how to best manage the phenomenon.

________ are the individuals primarily responsible for ensuring that high ethical principles are espoused and practiced in an organization.

Strategists such as CEOs and business owners.

The ISO 14000 family of standards concerns the extent to which a firm minimizes harmful effects on the environment caused by its activities and continually monitors and improves its own environmental performance.

True

The total area of fully protected marine habitats in the United States is only about ________ square miles.

50

Jeff Wells of the National Audubon Society asks "Why should we be willing to watch ________ destroyed any more than allowing a great work of art to be destroyed

Coral reefs

More and more firms believe that ethics training and an ethics culture:

Create strategic advantage.

It has become ________, since uniform standards defining environmentally responsible company actions are rapidly being incorporated into our legal landscape:

More and more difficult for firms to make "green" claims when their actions are not substantive, comprehensive, or even true.

Preserving the environment should be a permanent part of doing business for which of the following reasons?

More lenders are examining the environmental liabilities of business seeking loans.

Japan is suffering from a decline in overall economic production:

Since worker productivity increases are not able to offset declines in number of workers.

Special natural environment issues include all of the following EXCEPT :

Spreading computer viruses.

Sustainability reports reveal how a firm's operations impact the natural environment.

True

Three individuals received $170 million for helping investigators obtain a record $16.65 billion penalty against Bank of America for inflating the value of mortgage properties and selling defective loans to investors.

True

A document that discloses to shareholders information about a firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics practices is known as:

A sustainability report.

Managers and employees today must be careful not to ignore, conceal, or disregard a pollution problem or they could:

All of the above

Sustainability refers to the extent that an organization's operations and actions ________ the natural environment.

All of the above

Bad ethics can ________ strategic plans.

Derail even the best

Corporate social policy should be designed and articulated during strategy formulation.

True

Which state generates the greatest number of megawatts of wind power?

texas

Bribery involves:

Bestowing a gift to influence the recipient's conduct.

A proactive environmental policy is likely to lead to:

Conservation of energy.

The percentage of persons age 65 or older exceeds 20 percent in Japan, Italy, and:

Germany

It is ________ for a business to provide a sustainability report annually to the public.

Good business

Firms should strive to engage in social activities that:

Have economic benefits.

The ________ is a network of the national standards institutes of 147 countries, one member per country.

ISO

________ is a set of standards in fields such as environmental auditing, performance evaluation, and labeling, that is adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner.

ISO 14001

All of the following statements are true EXCEPT:

ISO has legal authority to enforce its regulations' implementation.

All of the following are reasons that workplace romance can be detrimental to workplace morale and productivity EXCEPT:

Increased quality and quantity of work can occur.

Simply having a code of ethics:

Is insufficient to guarantee that employees behave in an ethical manner.

.Many New Zealanders, supported by Australians, are outraged about which country's "large-scale" whaling operations in Antarctic

Japan

Which of the following business actions is considered to be unethical?

Misleading labeling

A bribe is a gift bestowed to influence a recipient's conduct.

True

New Jersey's goal is to obtain 3 percent of its electricity from the sun and 12 percent from offshore wind by 2020.

True

Which is a rule from the Wall Street Journal article "The New Rules of Flirting"?

Do not make physical contact with the person you are flirting with, unless it is within a desired relationship.

According to a recent Wall Street Journal article, ________ percent of all firms sampled had no restrictions on boss-subordinate love affairs at work.

5

Which of the following is NOT a way that companies can help create an ethical culture in their organization?

Discouraging whistle-blowing

What challenge facing all organizations requires managers to formulate strategies that preserve and conserve natural resources and control pollution?

Ecological

Walmart encourages its employees to adopt "Personal Sustainability Projects" like weight-loss or smoking-cessation support groups, illustrating that:

Employee wellness can be part of sustainability.

If a firm has a bad sustainability record this will:

Increase investor scrutiny of the firm.

In an effort to manage ecological challenges, many companies are:

Moving environmental affairs from the staff side of the organization to the line side.

Environmental advocacy groups now have ________ Americans as members.

Over 20 million

All of the following business actions are considered to be unethical EXCEPT:

Preventing environmental harm.

Which is NOT a reason why preserving the environment should be a permanent part of doing business?

Public opinion demanding that firms conduct business in ways that preserve the natural environment has been weakening.

All of the following are mentioned by the authors as environmental strategies that a firm might adopt EXCEPT:

Reinvesting in environment-damaging businesses.

Business ethics, ________, and sustainability issues are interrelated and impact all areas of the comprehensive strategic-management model.

Social responsibility

The United Kingdom's new Bribery Law:

Stipulates that failure to prevent bribery is an offense.

Social policy can best be defined as:

The responsibilities a firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups.

A clear code of business ethics is a key ingredient in the establishment of an ethics culture.

True

A rising tide of consciousness about the importance of business ethics is sweeping the United States and the rest of the world.

True

Business ethics can be defined as principles of conduct within organizations that guide decision making and behavior.

True

Companies such as Walmart are now monitoring not only the prices its vendors offer for products, but also how those products are made in terms of environmental practices, as well as safety and infrastructure soundness

True

Dumping banned or flawed products in foreign markets is considered to be an unethical business practice.

True

European firms are increasingly adopting explicit, American-style sexual harassment laws.

True

In Japan, Italy, and Germany the percentage of the population age 65 or older exceeds 20 percent.

True

In some foreign countries, paying bribes and kickbacks has historically been acceptable.

True

Integrating ethical decision making into the performance appraisal process is one way that firms can align ethical and strategic decision making.

True

Japan is providing incentives to work until ages 65-75.

True

Many people consider it unethical for a firm to be socially irresponsible.

True

More and more firms believe that ethics training and an ethics culture create strategic advantage.

True

Orphan drugs offer pharmaceutical companies no economic incentive for profitable development and distribution.

True

Periodic ethics workshops can help sensitize people to workplace circumstances in which ethics issues may arise.

True

Ralph Nader believes that big firms like ExxonMobil have an obligation to help society cure its many ills.

True

Recently, the United States and China each crushed over 6 tons of elephant ivory as part of a global effort to combat elephant poaching

True

Social policy concerns the responsibilities the firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups.

True

Some ways in which firm's are working to be more environmentally responsible include using solar power and developing green products and packages.

True

Sustainability refers to the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment.

True

The first social responsibility of any business must be to make enough profit to cover the costs of the future because if this is not achieved, no other social responsibility can be met.

True

Unlike the United States, Japan has no law against discrimination based on age.

True

Whistle-blowing refers to employees reporting unethical behavior that they discover or see in the firm

True

The U.S. Foreign Corrupt Practices Act and a new provision in the Dodd-Frank financial regulation-law allows company employees who bring cases of financial fraud, such as bribery, to the government's attention to receive ________ percent of any sum recovered

Up to 30

________ refers to refers to employees reporting any unethical violations they discover or see in the firm.

Whistle-blwoing

Responsibility for encouraging ethical decision making and ensuring ethical behavior in a firm lies:

With both a grim's strategists and its managers.