Business ethics test one
People's ethical beliefs come from:
Their religious background, family, and education
Reasons for adopting an enlightened self-interest approach are:
-Reasonable short-run costs are incurred, but socially responsible activities are promoted. -The public's attitude toward the company is positive in the long run. -The stockholders' pressures for short-run profits are satisfied.
Which of the following companies is being the most socially responsible?
A company trying its best to operate in a way which will help local students get education and jobs.
Scholars have found:
A positive association between social and financial performance.
The reason(s) behind the uncertainty of an ethical or unethical decision is(are) that different people and groups:
AOB Different information, various rights, not same meaning of justice
Failure to understand the beliefs and expectations of stakeholders:
Causes the performance-expectations gap to grow larger
A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of:
Conflict of interest
Legal environmental intelligence includes:
Considerations of patents, copyrights, or trademarks
The costs of corporate social responsibility may ultimately be passed on to the:
Consumer through high prices
When working well, the issue management process:
Continuously cycles back to the beginning and repeats
Modern corporations should be socially responsible because they:
Create jobs, influencing the lives of employees
Which of the following is the result of an inseparable relationship between business and society? A. all business decisions have a social impact B. the vitality of business depends on society's actions and attitudes C. the survival of business is independent of society D. Both A and B, not C
D. Both A and B, not C
Customer environmental intelligence includes:
Demographic factors
The issue management process has how many stages?
Five
A stakeholder map is a useful tool because:
It enables mangers to see quickly how stakeholders feel about an issue
When undertaking social initiatives, a company:
May sacrifice short-term profits
An analysis of the stability of a government is an example of scanning the:
Political environment
What kind of power might a local community use to influence a company's decisions?
Publicizing an issue, Lobbying government policy makers for regulations, and Challenging whether a business activity should continue to operate.
A firm subscribing to the ownership theory of the firm would mainly be concerned with providing value for its:
Shareholders
The role of special interest groups is an important element in acquiring intelligence from the:
Social environment
The fiduciary duty of managers benefits a firm's:
Stockholders, Customers, and Employees
Stakeholder groups can include:
Stockholders, the media, and environmental activists
Corporations have a role in establishing their community's:
Tax base, Safety, Economic growth
A conception of right and wrong is:
The definition of ethics
A social enterprise:
Adopts social benefits as its core mission
All of the following are examples of the phases of Corporate Social Responsibility except: A. Corporate/Global Citizenship B. Corporate Charity Principle C. Corporate Social Stewardship D. Corporate/Business Ethics
B. Corporate Charity Principle
Which of the following statements is NOT true about the interactive social system? A. business and society need, as well as influence, each other B. the boundary between business and society is clear and distinct C. business is a part of society, and society penetrates far and often into the business D. business and society are both separate and connected
B. the boundary between business and society is clear and distinct
All of the following values are present in most ethical decisions except:
Be courteous
The iron law of responsibility says that:
In the long run, those who do not use power responsibly will lose it
A number of European countries require public companies to include employee members on their boards of directors, so:
That their interests will be explicitly represented.
Utilitarian reasoning primarily considers:
The end results of an action
A bottom-line mentality in business is reflected in which statement?
"We have to beat the others at all cost"
A business becomes increasingly global:
Cross-cultural contradictions will increase
The "greying" of the population is an example of:
Customer environment
Which argument says that stockholder management realistically depicts how companies really work?
Descriptive argument
According to management scholar Karl Albrecht, scanning to acquire environmental intelligence should focus on:
Eight strategic radar screens
Businesses are expected to be ethical in their relationships with:
Employees, Customers, Stockholders, and Competitors
The components of a typical issues management process includes:
Identify issue, Analyze issue, Generate options, Take action, and Evaluate results
When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:
Utilitarian reasoning
The five types of stakeholders' power recognized by most experts are:
Voting, economic, political, legal, and informational power.