Intro to Busn, Ch 2

If you work as a supplier to a corporation, you are a(n) .

organizational stakeholder

is a systematic analysis of a firm's success in using funds earmarked for meeting its social responsibility goals.

A corporate social audit

Which of the following is an example of a government-created agency to regulate environmental issues?

EPA

Which of the following is true of ethics?

Ethics are based on individual beliefs and social concepts and vary from person to person.

Which of the following issues would likely be addressed in an organization's code of ethics?

Gift giving and receiving

What is collusion?

Illegal agreement between two or more companies to commit a wrongful act

Which of the following is the BEST definition of political action committees?

Special organizations created to solicit money and then distribute it to political candidates

Which of the following is the definition of a proactive stance toward social responsibility?

The approach to social responsibility by which a company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment

Which of the following is the definition of regulation?

The establishment of laws and rules that dictate what organizations can and cannot do

Which of the following is the BEST definition of legal compliance?

The extent to which the organization conforms to local, state, federal, and international laws

Which of the following is the BEST definition of lobbying?

The use of persons or groups to formally represent an organization or group of organizations before political bodies

A political action committee is .

a means through which organizations legally contribute to campaign funds in order to influence the government

Sam was at home reading his email when he realized his supervisor had accidentally included him on a private work email about one of his colleagues. Sam immediately contacted his supervisor and explained that he would keep the information confidential. This is an example of .

business ethics

A group of people who work together to create a Passenger's Bill of Rights that protects airline ticket buyers is an example of _______.

consumerism

The beliefs that it is good to help others and wrong to steal, for example, are known as .

ethics

An organization that conducts business in a way that treats employees respectfully, complies with proper accounting procedures, and stands behind the quality of its products or services.

is socially responsible

As the owner of a store that sells high-quality accessories, Drew supports her local community's women's shelter through donations of cash as well as items such as leather handbags, a kind of social responsibility known as ________ .

philanthropic giving

Moving factory production to an area with low wages and few health regulations may not be illegal, but it would mostly likely be considered .

unethical behavior

Which of the following is the BEST definition of managerial ethics?

Standards of behavior that guide individual managers in their work

Which of the following defines a defensive stance toward social responsibility?

The approach to social responsibility by which a company meets only minimum legal requirements in its commitments to groups and individuals in its social environment

Which of the following defines an accommodative stance toward social responsibility?

The approach to social responsibility by which a company, if specifically asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment

Which of the following is the BEST definition of ethical compliance?

The extent to which the members of the organization follow basic ethical and legal standards of behavior

Companies cannot legally donate to political campaigns but they can influence government through .

political action committees

Which of the following statements best defines the term "whistleblower"?

A person who discovers and tries to put an end to a company's unethical, illegal, or socially irresponsible actions by publicizing them

Which of the following scenarios is an example of whistleblowing?

Ida contacts the Food and Drug Administration to report contamination problems at the pharmaceutical company where she works.

Which of the following is TRUE of ethics?

Includes beliefs that it is good to help others and wrong to steal, for example

What is the term for the illegal practice of using special knowledge about a firm for profit or gain?

Insider trading

Which of the following statements BEST describes ethical behavior?

It means that individuals act in a manner that follows their beliefs and social norms about what is right and good.

Which of the following is TRUE concerning a code of ethics?

It should be specific to lead the employees, but also should allow some freedom of judgment.

Which of the following is the approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up violations?

Obstructionist stance

Which of the following is a company exhibiting when they have the highest degree of social responsibility?

Proactive stance