business in society

Organizations founded with a core mission to create and sustain social value are called social:

ventures

A conception of right and wrong is

the definition of ethics

The critical component in installing an effective ethics program is

the integration of various ethics safeguards into a comprehensive program

One of the most ethical safeguards a firm can leverage, sometimes called the tone "tone t the top," is

ethical leadership

The iron law of responsibility says that

in the long run, those who do not use power responsibly will lose

The underlying concept behind corporate citizenship is that business are

like individual citizens with real responsibilities to society

The most effective ethics programs use which methods of communications?

all of these answers are correct

What role does social media play in stakeholders engagement?

All of these choices are correct

Why do critics of globalization claim that it creates job insecurity?

Eliminates jobs in developed nations as good-paying manufacturing jobs go abroad to developing countries. Lowers wages in developed nations because jobs that replace lost manufacturing jobs often pay less.

The issue management process consists of these steps in this order:

Identify issue, analyze issue, generate options, take actions, evaluate results

Companies they believe they can make decisions unilaterally, without taking into consideration their impact on the others, are

Inactive

The three strategies of globalization can be summarized using what three words?

Sell, Make, Buy

One factor in determining the moral intensity of an ethical issue is how quickly the consequences take effect, a factor that is known as

Temporal Immediacy

Why are the World Bank, the International Monetary Fund and the World Trade Organization so important to the current global economy?

The World Bank Group (WBG) helps developing countries improve their access to world markets and enhance their participation in the global trading system. Trade is an engine of growth that creates better jobs, reduces poverty, and increases economic opportunity.

Environmental analysis is a method managers use to gather information about external issues and trends.

True

True or False: In a benevolence ethical climate, the interests of the company's employees and external stakeholders most likely would be given high priority.

True

True or False: Globalization directly and indirectly influences the politics, environment, geopolitics, and economics of virtually every country in the world.

True

A high magnitude of consequences that increases the moral intensity of an ethical issue is best exemplified by which of the following?

a food product contaminated with salmonella was distributed to stores

Failure to understand the beliefs and expectations of stakeholders may

cause the performance-expectations gap to grow larger

The blend of ideas, customs, company values, and shared meanings within a firm are referred to as its

coporate culture