Quiz 4
________ is a document that describes the values and expectations that guide the decisions of all employees in a firm.
A code of ethics
Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. This is an example of ________
Unethical Behavior
According to the ________ approach, the best ethical action is the one that produces the greatest balance of good over harm.
Utilitarian
What practice is NOT a good example of sustainability?
Deregulating fossil fuel usage
A U.S. firm does not send female managers to a country where women are expected to be subservient to men. Which of the following is being illustrated by the firm?
A relativistic ethical perspective
Nations that score well on the Corruption Perceptions Index tend to ________.
Attract global investors
Which of the following is the result of good corporate governance?
Attracting committed employees
Which of the following would most likely be a social interest of a sustainable business?
Avoiding the use of sweatshops
Which of the following situations illustrates sustainability?
BMW introduces electric cars with carbon-fiber bodies to save fuel.
What is the most notable form of corruption in international business?
Bribery
What is a proactive approach to ethical behavior in which firms seek not only to maximize profits, but also to benefit society and the environment?
Corporate Social Responsibility
Coca-Cola demonstrates social responsibility by doing which of the following?
Developing a global plan to protect water resources
_____ are moral principles and values that govern the behavior of people, firms, and governments regarding right and wrong.
Ethics
______ are small payments made to low-level government officials to perform routine duties more efficiently.
Grease payments
According to the five-step framework for ethical decision making, which question is most relevant when examining the facts?
Have all the groups affected been consulted?
What is intellectual property?
Ideas or works created by individuals or firms
The first step in the five-step framework for ethical decision making is to ________.
Identify the problem
A company's plan for corporate social responsibility (CSR) is to rely solely on local suppliers for its operations. What effect will this most likely have?
Increase the company's positive economic impact
Global sourcing most likely raises concerns about _____.
Operating factories that generate pollution
Corporate social responsibility (CSR) is best illustrated by an organization ________.
Powering a certain percentage of its operations with green energy
____ is defined as meeting humanity's needs without harming future generations.
Sustainability
A company has an ethical challenge in that its overseas supplier is employing laborers to work in harsh conditions for next to nothing. How would a fairness approach to ethics differ from a common good approach to this challenge?
The fairness approach would promote paying all of the laborers an equal wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages.
A firm has an issue with its overseas plant employing children as laborers, and the firm's top manager is using the five-step ethical framework to address the problem. The firm is considering the idea of educating the children several days each week in an on-site classroom. Based on the five-step ethical framework, which statement illustrates the manager implementing a course of action?
The manager follows up on the firm's education initiative.
What is meant by the term corporate governance?
The system of procedures and processes by which corporations are managed, directed, and controlled
A company that decides to come forward with the truth about its unethical practices is practicing the ________ approach to ethical standards.
Virtue
