Chapter 1: Quiz

norms

According to the text, business ethics comprises organizational principles, values, and __________ that may originate from individuals, organizational statements, or from the legal system.

customers'

An organization that has a strong ethical environment usually has a core value of placing _____ interests first.

social responsibility

An organization's obligation to maximize its positive impact on stakeholders and to minimize its negative impact refers to its _____.

make a profit

Before anything else, businesses must _____ to survive.

(b) an ethical and good business performance

Many studies have found a positive relationship between which of the following? (a) high culture values and low industry competition (b) an ethical and good business performance (c) unmotivated employees and good business performance (d) high levels of government regulation and cultural values (e) apathetic boards of directors and an ethical culture

(e) principles

Some examples of what concept can include human rights, freedom of speech, and the fundamentals of justice? (a) values (b) morals (c) business ethics (d) philosophy (e) principles

(c) freedom

The Consumers' Bill of Rights decreed by President John F. Kennedy specified all of the following EXCEPT the right to _____. (a) safety (b) be informed (c) freedom (d) to choose (e) be heard

Global Comapct

The _____ is a set of 10 principles concerning human rights, labor, the environment, and anti-corruption. This document seeks to create openness and alignment among business, government, society, labor, and the United Nations.

moral dilemma

The concept in the chapter that is defined as a situation where the person is faced with multiple choices, all of which are undesirable as defined by the person is called a _____.

values

The concept that centers around enduring beliefs and ideals that are socially enforced, such as teamwork, trust, and integrity is called _____.

(c) maximizing profits and placing shareholder's first

The term ethical culture is associated with all of the following except _____. (a) the component of corporate culture that captures the values and norms an organization defines and is compared to by its industry as appropriate conduct (b) acceptable behavior as defined by the company and industry (c) maximizing profits and placing shareholder's first (d) culture that creates shared values and support for ethical decisions and is driven by the ethical leadership of top management (e) positively related to workplace confrontation over ethics issues, reports to management of observed misconduct, and the presence of ethics hotlines

business ethics

The term that comprises organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business is defined as _____.

False

True or False: The Sarbanes-Oxley Act made it illegal for U.S. businesses to issue bribes to foreign government officials.

True

True or False: The ethical component of a corporate culture relates to the values, beliefs, and established and enforced patterns of conduct that employees use to identify and respond to ethical issues.

(e) morals

What concept refers to a person's personal philosophy about what is right or wrong? (a) principles (b) values (c) philosophy (d) business ethics (e) morals