Chapter 4--Lecture

The ethical codes that tell employees what behavior is expected of them and establish the punishment for any violations are called _______ ethics codes

compliance-based

Jorge owns a U.S. textile company. After a few years of resisting the trend, he realizes the only way his company can remain competitive is to outsource at least some of its production overseas. When looking for an international partner, Jorge should

demand socially responsible behavior from his business partner.

Managers should adopt codes of ethics and implement ethics training for all employees in the organization because

employees will become more aware of ethical issues and understand what behavior is expected if they confront such an issue.

Nathan has just been asked by his supervisor to engage in an unethical activity. Nathan has a gut feeling that what he is being asked to do is wrong and he is worried that his family and friends will think poorly of him if he carries out his supervisor's request. What "ethics check question" does Nathan appear to be focusing on the most?

How will it make me feel about myself?

Society's accepted standards of moral behavior are referred to as

ethics.

Unethical business practices are

not unique to the United States.

A(n) ________ is a systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs.

social audit

All of the following are critical steps to improving business ethics EXCEPT

minimizing penalties for violations.

A U.S. Department of Defense official has made it clear that, for a generous contribution, he would make sure your firm wins a hefty defense contract. In this situation, what "ethics check question" should you consider first?

Is it legal?

Which of the following statements regarding ethical dilemmas is TRUE?

There are no easy solutions to ethical dilemmas.

Which of the following is NOT one of the three questions one should ask when facing an ethical dilemma?

Will it help me advance my career?

The dimension of social responsibility that includes charitable donations is

corporate philanthropy.

Grant-Jackson Publishing contributes in many ways to the community. These contributions include grants for the arts and education in the community. Grant-Jackson demonstrates

corporate social responsibility.

The ethics code at the company where Quincy works sets forth a strict "no tolerance" policy for accepting gifts from suppliers or vendors and outlines the penalties for violating this policy. Based on this information, it appears that this policy is a(n)

compliance-based ethics code.

In 2011, billionaire Raj Rajaratnam was convicted of masterminding a plot that used private company information to make his Galleon Group hedge fund $64 million richer by engaging in illegal trade on more than 35 stocks. Rajaratnam was found guilty of

insider trading.

The ethics code that defines the values that help create an ethically-sound environment for all workers and outlines the shared accountability of the entire company is called a(n)

integrity-based ethics code.

Managers should run a business ethically because

it is the right thing to do.

Generally speaking, if an action is

legal, it may not necessarily be ethical.

Ethical behavior in an organization begins with

top management.

Many factories in developing nations are known to

use child labor.

Ethisphere is a socially conscious research organization that analyzes and reports on corporate social responsibility efforts. This is an example of a(n)

watchdog group.

Janet is the secretary to the CEO. The CEO uses the corporate jet to travel to locations where he acts as a private consultant. Janet knows that he does not disclose his consulting activities or the use of the corporate jet for personal gain, and she decides to make the CEO's activities public by alerting the board of directors. Janet is a(n)

whistleblower.