Ethics exam 3
Which of the following is not a benefit caused by universal healthcare ?
More healthcare inequality
norms ( policies , practices , and behaviors ) , and artifacts ( elements you see , hear , and Ain ) is defined as system of shared values ( defining what is important ) . touch ) between citizens or a particular country is a code of ethics .
National culture
The processes related to how people and resources are governed are called what ?
National politics
The term refers to those that make a legally binding commitment to explicitly generate public benefits , in addition to financial returns , and consider the impact of their actions on a broad group of stakeholders .
* B - Corporations
Income differences are largely unrelated to the majority of other social justice issues .
False
The four categories of the UNGC are
Human rights , labor , anti - corruption , environment
A ( n ) embeds codes and other ethical norms into an organization's culture and ensures accountability .
High - quality ethics programs
The first tenet of conscious capitalism is
Higher purpose
- is produced by vehicles , power generation , building heating systems , agriculture waste burning , and industry .
Ambient air pollution
A viewpoint not held by CC businesses is that competition is
An opponent to destroy
What is an appropriate use of an ethics audit ?
As a form of feedback to develop organizational ethics
Which term refers to the migration of people with valuable skills to another region ( or country ) ?
Brain drain
Which term describes open business and government practices , well - distributed political power , high levels of trustworthiness , and low levels of perceived corruption ?
Business transparency
The economic system based on an economic system based on private ownership of the means for production and the profits earned and is built on the principles of private property , capital accumulation , voluntary exchange , and competitive markets is called
Capitalism
The principles for responsible business are based on the belief that neither the law nor the market forces are sufficient for ethical and positive business conduct .
Caux Round Table ( CRT )
Which term refers to commonly legal - inspired descriptions of expected behaviors and practices related to specific situations and aspects of an organization's business ?
Codes of conduct
General or high level descriptions of expected behaviors and practices that reflect an . organization's values are known as
Codes of ethics
What must be well - conceived and effectively communicated to help leaders influence internal and external stakeholders ?
Company purpose
Which term refers to a way of thinking about capitalism and business which better reflects the human journey and the state of our world today ?
Conscious capitalism
It is generally acceptable for companies or even countries to sell products at a loss , but the ethical line is crossed when prices are intended to
Damage or eliminate a competitor
When a country sells products at a price that is unfairly low , such that others cannot compete , this is called
Dumping
The term refers to doing more with less - using fewer and cleaner inputs to produce outputs ( products and services ) .
Eco efficiency
The environmental impacts of production and consumption activities that generate benefits ( positive externalities ) or costs ( negative externalities ) not compensated for by other parties are known as collaterals
Environmental externalities
Which term refers to guidelines for determining , assessing , and managing the environmental and social risks of projects they finance in countries around the world ?
Equator Principles
are those that organizations and their members state in discussions and on websites , and otherwise actively promote .
Espoused values
Which term refers to something people acquire , learn , or share with others such as where they live or their culture and religion ?
Ethnicity
The WTO policy principle of nondiscrimination refers to member countries agreeing not implement tariffs .
Faise
A hate crime is defined as something that negatively affects one's job performance . the cause of which is tied to one of the ten protected classes .
False
An organization's desirable future destination is called its purpose .
False
Any harmful behavior of an individual or group toward another that violates a norm of respect is discrimination .
False
CC businesses think of stakeholders as an unconnected entities , wherein desirable outcomes are only possible for some .
False
Capitalism is an economic system based on the public ownership of the means of production and profits earned , and is built on the principle of democratic control of the workplace and the labor theory of value .
False
Commonly legal - inspired descriptions of expected behaviors and practices related to specific situations and aspects of an organization's business are known as rules .
False
Contracts describe which conduct is appropriate as determined by the legislative process of the federal , state , or local government .
False
Environmental collaterals are the environmental impacts of production and consumption activities that generate benefits ( positive externalities ) or costs ( negative externalities ) not compensated for by other parties .
False
Free trade occurs when a country sells products at a price that is unfairly low , such that others cannot compete .
False
Fundamental to the concept of sustainability is time - how long it takes to implement environmentally - friendly practices .
False
Global warming is the long - term change in the average weather patterns around the world .
False
Health care inequality refers to when one group or population experiences much worse health than another .
False
Health care inequality refers to when one group or population experiences much worse health than another ..
False
In purpose - driven organizations , the purpose is primarily profit .
False
Income inequality refers to the differences in achieved outcomes ( e.g. , income , education , and health status ) and individuals ' perceived access to education and health care , which are critical to achieve other valuable outcomes in the future .
False
It is not possible for a business to both be profitable and make a socially positive impact .
False
Minimum wage earners are high above the poverty level in the United States .
False
National cultures are the processes related to how people and resources are governed .
False
Nationality refers to something people acquire , learn , or share with others such as where they live or their culture and religion .
False
Politically stable countries have changes that are not orderly , predictable , lawful , and fair , and corruption , terrorism , and conflicts with other countries are frequent .
False
Proportional taxes take a larger percentage of income from high - income groups than from low income groups and are based on the ability to pay .
False
Sources of renewable energy include solar , biomass , wind , and natural gas .
False
TACTILE stands for the conscious capitalism commitment , transparency , individualism , legality , equality . values of trust , advantages ,
False
The Dodd - Frank law helps make penalties consistent across organizations due to the misconduct of employees .
False
The Gini Index cannot be used to measure income distribution within a country , only between countries
False
The Gini Index cannot be used to measure income distribution within a country , only between countries .
False
The Gini Index refers to the differences in how income is distributed among individuals , groups , populations , social classes , or countries .
False
The Montreal Protocol of 1987 aimed to reduce emissions contributing to global warming
False
The Paris Climate Agreement of 2015 regulates substances that deplete the ozone layer that protects the Earth from solar radiation , known to cause skin cancer and cataracts , reduce agricultural productivity , and damage marine ecosystems .
False
The WTO's policy principles are : competition , minimize barriers , transparency and predictability , fairness , and environmental protection .
False
The combined gross income ( before taxes ) of all members of a household who are fifteen years or older makes up a household's profit .
False
The global business value of universal order means control over others .
False
The income required to meet basic needs , be independent of financial assistance , and maintain housing and food security is called the minimum wage .
False
The power of culture comes from the fact that it is unique to each organization member .
False
The three layers of organizational culture are : artifacts , ethics norms , and management .
False
The value of the Gini Index is between 0 ( perfectly inequality ) and 1 ( perfectly equal incomes ) .
False
Which item helps make penalties consistent across organizations due to the misconduct of employees ?
Federal Sentencing Guidelines for Organizations ( FSGO )
The act that forbids using bribes to obtain or retain business when doing business Internationally is the
Foreign Corrupt Practices Act ( FCPA )
Multinational businesses implement___________________ which are sets of guidelines for business practice that establish ethical standards for business and employee conduct .
Global codes of conduct
Discrimination is against a while harassment is against an
Group / individual
Any negative or unwanted act against an individual based on their protected class is defined as
Harassment
Which term refers to when one group or population experiences meaningful disparities in availability and access to quality care ?
Health care inequality
Any harmful behavior of an individual or group toward another that violates a norm of respect is
Incivility
is a key determinant in the quality of life and access to healthcare , education , and housing
Income
The differences in how income is distributed among individuals , groups , populations . social classes , or countries is called____________________
Income inequality
A culture in which individuals are expected to make choices and decisions for themselves is known as
Individualistic
The collection of local and state statutes that maintained segregation , some of which were created and implemented immediately following the Civil War and continued until 1968 , are called
Jim Crow laws
Which of these is the major international agreement focused on reducing greenhouse gas emissions ?
Kyoto Protocol of 1997
Which term refers to the items that describe which conduct is appropriate as determined by the legislative process of the federal , state , or local government ?
Laws
The income required to meet basic needs , be independent of financial assistance , and maintain housing and food security is called the
Living wage
Which of the following is not a primary cause for income inequality as determined by the World Economic Forum ?
Location
Political increases inequalities , as those in power generally seek to serve their own interests more than unite , cooperate , or improve the station of others .
O Polarization
A system of shared values , norms , and artifacts among members of a group or organization is a ( n )
Organizational culture
Which term refers to beliefs shared by members about what an organization deems important , which thus serve to guide behaviors , policies , and practices ?
Organizational values
When creating a compelling purpose , companies must determine benefits to their stakeholders , but not :
Particular products and services
A country is when its changes are orderly , predictable , lawful , and fair , and corruption , terrorism , and conflicts with other countries are rare .
Politically stable
The term refers to the accepted degree of inequality between superiors and subordinates .
Power distance
The term term refers to the accepted degree of inequality between superiors and subordinates .
Power distance
Which term refers to environments in which employees feel comfortable taking ( interpersonal ) risks without concerns of being punished for doing so ?
Psychological safety
describe expected conduct typically created by government agencies to enforce laws .
Regulations
The quote " When in Rome , do as the Romans do " is an example of
Relativism
The law that protects investors from fraudulent financial behavior by requiring stricter reporting , accountability , and penalties for executives , their organizations , and accountants is called
Sarbanes - Oxley
Government policies in the US that have contributed to income inequality .
Skew tax benefits toward the wealthy
Which view asserts that everyone deserves equal rights , opportunities , and treatment in economic , governmental , and social spheres ?
Social justice
Values , norms , and artifacts are the fundamental elements of organizational culture , which exist on the backdrop of the morals of
Society
What is the second tenet of conscious capitalism ?
Stakeholder interdependence
Ain ) is a monetary investment , typically a cash grant or tax break , made by a government to lower the costs of doing business and increase competitiveness for particular industries .
Subsidy
Which of the following is not a way for governments to motivate companies to be more environmentally sustainable ?
Taking over the company
Which term is defined as a tax applied to foreign products to make them more . expensive to local customers , which in turn enables domestic competitors to charge . higher prices ?
Tarriff
expensive to local customers , which in turn enables domestic competitors to charge Which term is defined as a tax applied to foreign products to make them more higher prices ?
Tarriff
What is the name of a global network of business leaders who are committed to creating a fair , free , and transparent society using a common set of ethical principles ?
The Caux Round Table ( CRT )
Of the G7 countries , an informal bloc of some industrialized countries , which country has the greatest inequality ?
The US
accounts for 20 percent of all global oil consumption .
The United States
When discussing ESG , what does " governance " refer to ?
The policies , practices , and procedures used to manage an organization
A fundamental goal of social justice in business is to ensure that the benefits created by business are shared more widely .
True
A higher Gini Index for a country means that high - income individuals receive a greater share of the total income .
True
B - Corporations are defined as those that make a legally binding commitment to explicitly generate public benefits , in addition to financial returns , and consider the impact of their actions on a broad group of stakeholders
True
B - Corporations are for - profit organizations and not charities .
True
Brain drain is the migration of people with valuable skills to another region ( or country ) .
True
Business transparency is defined as open business and government practices well distributed political power , high levels of trustworthiness , and low levels of perceived corruption .
True
Collectivist cultures are characterized by people knowing and accepting their places . within society .
True
Conscious capitalism believes that business has innate potential to make a positive impact on the world .
True
Corporations are defined as those that make a legally binding commitment to explicitly generate public benefits , in addition to financial returns , and consider the impact of their actions on a broad group of stakeholders .
True
Corporations that have facilities or other assets in at least one country other than their home countries are known as multinational corporations .
True
ESG creates value by increasing sales , because consumers are attracted to companies with ESG values .
True
Expected conduct typically created by government agencies to enforce laws is described by regulations
True
In the US , those who were already the wealthiest have gained the most financially since the Great Recession .
True
Inequality is accelerating faster within countries than between countries .
True
Integrating the nonfinancial factors of environmental , social , and governance ( ESG ) into an organization's strategy and operations produces superior performance , including financial , compared to organizations that don't
True
Integrating the nonfinancial factors of environmental , social , and governance ( ESG ) produces superior performance , into an organization's strategy and operations including financial , compared to organizations that don't .
True
No laws currently exist that forbid workplace bullying in the United States , meaning solutions lie within your company .
True
Organizational ethical norms are the shared views in an organization of what is right and wrong in terms of behavior , policies and practices .
True
Organizational guidelines or instructions for doing something correctly that do not necessarily have a legal foundation , although often do have consequences of noncompliance are called rules .
True
Slavery prevented Black families from accumulating wealth in the US and thus contributes to the racial wealth gap today .
True
The Federal Sentencing Guidelines for Organizations ( FSGO ) helps make penalties consistent across organizations due to the misconduct of employees .
True
The Jim Crow laws were a collection of local and state statutes that maintained i segregation , some of which were created and implemented immediately following . the Civil War and continued until 1968 .
True
The World Trade Organization ( WTO ) creates and governs rules of trade to ensure smooth , predictable , and free trade between countries .
True
The belief that everyone deserves equal rights , opportunities , and treatment in economic , governmental , and social spheres is known as social justice .
True
The ethical imperialist who believes that one set of enduring standards is applicable at all times in all contexts .
True
The global business value of ethical achievement means succeeding by proper means .
True
The more intensely the values and norms of a group are shared between its members , the stronger the culture .
True
The negative externality of the oil industry is pollution that is generated from start to finish in the processes of extracting , refining and selling oil .
True
The opposite test on your purpose involves stating your purpose in the opposite to ensure that it is not too obvious and is compelling .
True
Treaties and protocols are formal , binding written agreements typically between two or more countries or international organizations .
True
By passing externalities on to stakeholders , companies avoid the of their businesses .
True costs
Which term refers to an organization's desirable future destination ?
Vision
Which of these questions does not pertain to a creating a company vision ?
Which products should we highlight ?