Quiz 4 Questions

Which of the following would most likely be a social interest of a sustainable​ business? A. Avoiding the use of sweatshops B. Maximizing waste water C. Offshoring D. Importing raw materials E. Establishing tax flows

A. avoiding the use of sweatshops

What is the most notable form of corruption in international​ business? A. Bribery B. Theft C. Blackmail D. Fraud E. Money laundering

A. bribery

What practice is NOT a good example of​ sustainability? A. Deregulating fossil fuel usage B. Rotating crops C. Minimizing waste D. Recycling used water E. Using​ cost-effective solar energy

A. deregulating fossil fuel usage

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? A. Increase the​ company's positive economic impact B. Hasten cultural change C. Add to the​ company's negative social impact D. Eliminate ethical dilemmas E. Reduce corruption in the company

A. increase the company's positive economic impact

Which of the following situations illustrates​ sustainability? A. Nokia phases in toxic materials for its cell phones. B. BMW introduces electric cars with​ carbon-fiber bodies to save fuel. C. Unilever defunds a global handwashing campaign that aims to reduce disease in Africa. D. GAP markets a line of​ children's wear even though the supplier used child labor. E. ​Coca-Cola increasingly seeks ways to use scarce water supplies.

B. BMW introduces electric cars with carbon-fiber bodies to save fuel

According to the​ five-step framework for ethical decision​ making, which question is most relevant when examining the​ facts? A. Will any personnel be​ harmed? B. Have all the groups affected been​ consulted? C. What should have been done​ differently? D. Is an ethical dilemma​ present? E. What can the company do to increase market share and maximize​ profits?

B. Have all the groups affected been consulted?

​________ are small payments made to​ low-level government officials to perform routine duties more efficiently. A. Blackmail payments B. Grease payments C. Extortions D. Counterfeit items E. Falsified contracts

B. grease payments

According to the​ ________ approach, the best ethical action is the one that produces the greatest balance of good over harm. A. fairness B. utilitarian C. common good D. rights E. virtue

B. utilitarian

Corporate social responsibility​ (CSR) is best illustrated by an organization​ ________. A. procuring products or services from suppliers located abroad B. charging consumers for recycling outdated electronics C. powering a certain percentage of its operations with green energy D. ignoring the working conditions of its suppliers in Latin America E. selling vaccines to people in developing countries

C. powering a certain percentage of its operations with green energy

​________ is defined as meeting​ humanity's needs without harming future generations. A. Ethics B. Corporate social responsibility C. Sustainability D. Impact E. Corporate governance

C. 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? A. The fairness approach would promote developing the local community of the​ laborers, whereas the common good approach would promote ethical requirements for the supplier. B. The fairness approach would promote punishing the​ supplier, whereas the common good approach would promote encouraging the supplier to be more equitable. C. The fairness approach would promote helping the laborers and the​ supplier, whereas the common good approach would promote helping only the laborers. D. 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. E. The fairness approach would promote changing​ suppliers, whereas the common good approach would promote reforming the supplier.

D. 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.

​_______ are moral principles and values that govern the behavior of​ people, firms, and governments regarding right and wrong. A. Social responsibilities B. Behavioral standards C. Beliefs D. Ethics E. Attitudes

D. ethics

The first step in the​ five-step framework for ethical decision making is to​ ________. A. examine the facts B. create alternatives C. evaluate results D. identify the problem E. implement a course of action

D. identify the problem

Global sourcing most likely raises concerns about​ ________ A. marketing products to children B. providing information to investors and customers C. identifying opinion leaders D. operating factories that generate pollution E. advertising and promoting products and services

D. operating factories that generate pollution

What is meant by the term corporate governance​? A. Meeting​ humanity's needs today without harming future generations B. Moral principles about right and wrong C. Protecting and nurturing a​ company's corporate image D. The system of procedures and processes by which corporations are​ managed, directed, and controlled E. The operation of a business in a way that meets or exceeds the​ ethical, legal, and commercial expectations of its stakeholders

D. the system of procedures and processes by which corporations are managed, directed, and controlled

________ is a document that describes the values and expectations that guide the decisions of all employees in a firm. A. A sustainable practice B. Corporate governance C. A code of conduct D. A global ethical standard E. A code of ethics

E. A code of ethics

Nations that score well on the Corruption Perceptions Index tend to​ ________. A. attract very little investment B. provide unclear financial information C. deceive people to gain assets D. use bribes as part of a business transaction E. attract global investors

E. attract global investors

Which of the following is the result of good corporate​ governance? A. Experiencing more government intervention B. Having a lower growth rate C. Facing increased regulatory scrutiny D. Building an unfavorable brand image E. Attracting committed employees

E. attracting committed employees

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? A. Superior standards B. International ethics C. Sustainability D. Engaging in philanthropy E. Corporate social responsibility

E. corporate social responsibility

What is intellectual​ property? A. Trademarks, copyrights, and patents B. Pirated and counterfeit products C. The legal claim that protects assets D. Unethical management practices E. Ideas or works created by individuals or firms

E. ideas or works created by individuals or firms

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​ ________. A. counterfeiting B. piracy C. unfair compensation practices D. deceptive marketing E. unethical behavior

E. unethical behavior

A company that decides to come forward with the truth about its unethical practices is practicing the​ ________ approach to ethical standards. A. rights B. utilitarian C. common good D. fairness E. virtue

E. virtue