MANA 5F50 CH 2-2

When Wendy began a new job, included in her packet of information was a set of guidelines for how to act in accordance with the firm's values. These guidelines are the firm's _____. strategic plan code of ethics business code economic policy

code of ethics

Sam is the supplies purchaser for his office. Pelcon Supplies offers a competitive price on the copier paper Sam needs to buy, so Sam did not look for a less expensive supplier. Sam's brother is a sales rep at Pelcon, and receives a commission on Sam's account. What can occur in this scenario? violation of organizational culture conflict of interest act of incitement security breach

conflict of interest

In light of recent ethical standards in which the boards of major companies have approved loans or bonuses to CEOs or board members, increased attention has been paid to _____. corporate governance legal compliance whistleblowing philanthropic giving

corporate governance

If a company creates a committee to review its guidelines concerning selection and promotion, it is attempting to manage social responsibility through what? legal compliance ethical compliance philanthropic giving whistleblowing

ethical compliance

_____ is the extent to which an organization follows basic standards of moral behavior. Legal compliance Whistleblowing Social responsibility Ethical compliance

ethical compliance

_____ is an individual's personal beliefs about whether a behavior, action, or decision is right or wrong. Ethical behavior Ethics Unethical behavior Managerial ethics

ethics

The Sarbanes-Oxley Act of 2002: imposes tough measures to deter corporate and accounting fraud. allows a company to terminate an employee without advance warning. protects the rights of employees to engage in collective bargaining. controls the activities of labor unions.

imposes tough measures to deter corporate and accounting fraud

Rights to privacy has become an area of concern involving ethics and _____. legal compliance corporate governance whistleblowing information technology

information technology

Since the company's founding, the executives at Pollack Food Services have provided a consistent message to employees that customers, employees, communities where the company did business, and shareholders were all important. This is an example of what type of informal organization dimension of managing social responsibility? legal compliance leadership practices whistleblowing philanthropic giving

leadership practices

Terrence's responsibility at Pollack Food Services is to make sure that the company complies with all local, state, and federal laws in all areas—from the way the business is run to food handling regulations. Terrence is responsible for Pollack's _____. social responsibility risk management legal compliance ethical compliance

legal compliance

What is an informal organization dimension of managing social responsibility? legal compliance philanthropic giving ethical compliance organizational culture

organizational culture

Pollack Food Services donates food to the city's public library, which provides free lunch to children in the summer. Pollack is attempting to manage social responsibility through what? legal compliance ethical compliance philanthropic giving whistleblowing

philanthropic giving

Tricon Oil is a major division of a global energy company with an oil exploration unit, a distribution unit, and a retail gas station unit. CEO Gary Jacobs has just conducted a situational analysis and developed a five-year strategic plan. The process revealed many demands that an increasingly sophisticated and educated public are making on oil companies. In response to these heightened expectations, he has decided to create a fund to restore environmental conditions in retired oil fields. This action is an example of _____. corporate governance philanthropic giving legal compliance ethical compliance

philanthropic giving

Which of the following is a formal dimension of managing social responsibility for organizations? philanthropic giving whistleblowing leadership practices organizational culture

philanthropic giving

Organizations relate to their environments in ways that often involve ethical dilemmas and decisions. These situations are generally viewed within the context of the organization's _____ responsibility. ethical legal social financial

social

Tricon Oil is a major division of a global energy company with an oil exploration unit, a distribution unit, and a retail gas station unit. In order to demonstrate his commitment to _____, CEO Gary Jacobs serves on a task force dedicated to reducing carbon emissions by 50% before the year 2020. emerging ethical issues legal compliance corporate governance social responsibility

social responsibility

Roberto is a strong believer in social responsibility, and wants his company to become more socially responsible. One of the arguments he makes is that the company has surplus revenues that could be used to solve social problems. the company lacks the expertise to understand how to assess and make decisions about worthy social programs. there is a potential for conflicts of interest among businesses. it will detract from the basic mission of the company to earn profits.

the company has surplus revenues that could be used to solve social problems

An argument against social responsibility in organizations is that: businesses are a partner in our society, along with the government. there is potential for conflicts of interest. businesses have the resources necessary to solve problems. corporations are citizens in our society.

there is potential for conflicts of interest

Employees at Pollack Food Services are expected to report any suspected illegal or unethical conduct by members of the organization. This is a policy that encourages _____. legal compliance risk management philanthropic giving whistleblowing

whistleblowing

Theo works for a data mining company. He recently discovered a co-worker who has knowingly breached the company's online privacy policy to complete an important project for his manager. If Theo decides to report this breach, his actions will be considered _____. corporate governance legal compliance philanthropic whistleblowing

whistleblowing