Chapter 6 Management
What is a linear economy?
One in which products are produced, consumed, and subsequently discarded
According to Jim Fitterling, Dow CEO, what do investors expect?
Profits and environmental sustainability
Dow's approach to social responsibility is best described by which view?
Socioeconomic
At which stage of moral development is morality defined as obeying rules and avoiding negative personal consequences?
Stage 1
Which approach best describes Dow's efforts to promote environmental sustainability?
Stakeholder approach
Which of the following is true for ethical dilemmas?
There are typically no easy answers for ethical dilemmas.
Which of the following is a true statement regarding companies' codes of ethics?
Doing business ethically requires a commitment from managers at all levels, but especially the top level.
Which of the following is true?
Ethical culture starts at the top of the organization.
A person who informs on a person or organization engaged in an illicit or unethical activity is known as a(n) ________.
whistle-blower
According to the "four shades of green" approach to addressing the environment, a company that responds to customers' demands in terms of environmentally friendly products has adopted the ________ approach.
market
Social ________ is when a firm engages in social actions because of its duty to meet certain economic and legal responsibilities.
obligation
Heineken's "Enjoy Heineken Responsibly" campaign is a global initiative to inform and educate consumers about the safe and responsible consumption of alcohol. This is an example of social ________.
responsiveness
Which of the following organizations developed guidelines for promoting environmental sustainability and disseminates the sustainability reports of green companies worldwide?
Global Reporting Initiative
The degree to which people, themselves, believe they can control their own fates or destinies as well as accept responsibility for any consequences is referred to as ________.
internal locus of control
Dow CEO Jim Fitterling mentions a(n) _____ in support of companies' efforts to remove plastic waste from the oceans.
alliance
Managers can encourage employees to be ethical:
by setting an example of ethical behavior.
A formal statement of an organization's values and the ethical rules it expects employees to follow is referred to as a ________.
code of ethics
Social ________ is characterized by an individual or organization who seeks out opportunities to improve society by using practical, innovative, and sustainable approaches.
entrepreneurship
An ethical manager:
fosters an environment of trust, integrity, and transparency.
