Business Ethics Chapter 1

Which of the following refers to acceptable behavior as defined by the company and industry and is a function of many factors, including corporate policies, top management's leadership on ethical issues, the influence of coworkers, and the opportunity for unethical behavior? a. Ethical culture b. Regulation c. Ethical dilemmas d. Corporate social responsibility e. Consumerism

Ethical Culture

Which of the following describes a situation where a person is faced with multiple choices, all of which are undesirable as defined by that person?

Moral dilemma

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

Corporate Social Responsibility (CSR)

Which of the following is defined as the pressure to compromise organizational standards, observed misconduct, reporting of misconduct when observed, and retaliation against reports?

Workplace integrity

Many studies have found a positive relationship between which of the following? a. Apathetic boards of directors and an ethical culture b. High cultural values and low industry competition c. High levels of government regulation and cultural values d. An ethical culture and good business performance e. Unmotivated employees and good business performance

An ethical culture and good business performance

Decreed by President John F. Kennedy in 1962, which of the following outlined four basic consumer rights: the right to safety, the right to be informed, the right to choose, and the right to be heard? a. Sarbanes-Oxley Act b. Defense Industry Initiative on Business Ethics and Conduct c. Dodd-Frank Wall Street Reform and Consumer Protection Act d. Consumers' Bill of Rights e. Federal Sentencing Guidelines for Organizations

Consumer's Bill of Rights

Relating to stakeholder demands for firms to protect the environment, contribute to social causes, and engage in conduct that is responsible and ethical, which of the following is becoming an important initiative in the 2020s? a. Global Compact b. Sarbanes-Oxley Act c. Federal Sentencing Guidelines for Organizations d. Environmental Social Governance (ESG) e. Dodd-Frank Wall Street Reform and Consumer Protection Act

Environmental Social Governance (ESG)

A set of 10 principles concerning human rights, labor, the environment, and anti-corruption, which seeks to create openness and alignment among business, government, society, labor, and the United Nations, is known as the _____.

Global Compact

Which of the following concepts is defined as a person's personal philosophy about what is right or wrong? a. Emotional intelligence b. Morals c. Business ethics d. Values e. Principles

Morals

Human rights, freedom of speech, and the fundamentals of justice are examples of which of the following concepts? a. Morals b. Values c. Emotional intelligence d. Principles e. Business ethics

Principles

The term ethical culture is associated with which of the following? (Select three) a. Openness and alignment among businesses, government, society, labor, and the United Nations b. Maximizing profits and placing shareholder's concerns first c. Workplace confrontation over ethics issues, reports to management of observed misconduct, and the presence of ethics hotlines d. Acceptable behavior as defined by the company and industry e. A culture that creates shared values and support for ethical decisions and is driven by the ethical leadership of top management

c. Workplace confrontation over ethics issues, reports to management of observed misconduct, and the presence of ethics hotlines d. Acceptable behavior as defined by the company and industry e. A culture that creates shared values and support for ethical decisions and is driven by the ethical leadership of top management

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

customers'