Strategic Management - Ch. 10
The responsibilities of a firm to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups are referred to as ______. A. corporate social responsibility B. ethical responsibilities C. strategic plans D. corporate sustainability E. environmental concerns
A. corporate social responsibility
What report reveals how a firm's operations impact the natural environment? A. A green index tag B. A sustainability report C. An ISO report D. A social policy report E. An annual report
B. A sustainability report
What position should company guidelines and policies take in regards to workplace romance? A. Workplace romance is included under EEOC sexual harassment laws. B. It should be discouraged. C. It should never be permitted. D. It should be ignored since this is a private issue between two adults. E. It should be encouraged.
B. It should be discouraged.
Employees should practice whistle-blowing, and organizations should ______. A. allow whistle-blowing only when it does not cause financial burden to the organization B. have policies that encourage whistle-blowing C. have policies that discourage whistle-blowing D. encourage whistle-blowing but not address it in policies E. allow different departments to set their own whistle-blowing policies
B. have policies that encourage whistle-blowing
The Institute of Business Ethics (IBE) recently conducted a study and concluded that companies displaying a "clear commitment to ethical conduct" ______. A. have less workforce engagement than companies that do not display ethical conduct B. show a long-term, steady decline in profits C. consistently outperform companies that do not display ethical conduct D. show no performance differences from those that do not display ethical conduct E. consistently underperform companies that do not display ethical conduct
C. consistently outperform companies that do not display ethical conduct
According to the ISO 14001 standard, an organization is required to put in place and implement a series of practices and procedures that, when taken together, result in a(n) ______. A. increase in shareholder value B. waste management system C. environmental management system (EMS) D. environmental sustainability report E. recycling program
C. environmental management system (EMS)
Extensive research has revealed which of the following relationships between corporate social responsibility and corporate financial performance? A. An inverse relationship B. No relationship C. A Bell curve D. A U-shaped curve E. A direct relationship
D. A U-shaped curve
In addition to having a clear code of business ethics, managers must also consider the specific details of the code, how it will be implemented, and ______. A. how it will impact profitability B. whether everyone agrees with it C. how many employees will leave the company D. who is exempt from following the code E. how adherence to it will be monitored
E. how adherence to it will be monitored
