Chapter 2 Quiz

Which of the following statements about ethics training is true?

All of the above statements about ethics training are true.

_____ contributes to an employee's self-worth, which, in turn increases productivity and reduces absenteeism.

Empowerment

One of the keys to ethical business behavior is:

how the company's top management conducts themselves

Which of the following statements about ethics training is true?

The most effective ethics training begins with the development of a personal code of ethics.

_____ is the set of moral standards for judging whether something is right or wrong.

ethics

Kraft Foods Inc. joined with the National Latino Children's Institute to announce Salsa, Sabor y Salud - a first-of-its-kind healthy lifestyles educational program designed by Latinos for Latinos. The program was created by NLCI in partnership with Kraft to support Hispanic families, a population particularly at risk for obesity and accompanying health problems. Kraft donated $2 million to the program's startup. This donation is an example of:

strategic giving

Seeds of Change manufactures and markets certified organic entrees. Its mission reads, "At Seeds of Change, we're committed to making delicious foods that are healthy for you as well as the planet." In support of this mission, the company donates money to support environmental protection activities. In other words, Seeds of Change engages in:

strategic giving

_____ is a philosophy that focuses on the consequences of an action to determine whether it is right or wrong. This philosophy holds that an action that affects the majority adversely is morally wrong.

Utilitarianism

Which of the following statements about utilitarianism is true?

Utilitarianism is designed to create both winners and losers.

Social responsibility should extend beyond the shareholders to include:

all of the above

Corporate philanthropy:

can be either a cash or noncash donation

In the chocolate market, Green & Black is acting at the _____ responsibilities level of the pyramid of corporate social responsibility when it makes a profit, does so by abiding by the laws, and helps cocoa farmers by agreeing to pay above-market prices for cocoa.

ethical

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall's lost and found department involves:

ethics

A code of ethics:

is accurately described by all of the above

A company has achieved the level of _____ responsibilities when it has met its ethical, legal, and economic responsibilities.

philanthropic

Strategic giving:

refers to the practice of tying philanthropy closely to the corporation's mission or goals

_____ is the practice of limiting investments to securities in companies that behave in accordance with the investor's beliefs about ethical and social responsibility.

social investing

Wal-Mart has announced that it will only sell fresh and frozen fish that come from environmentally sound sources and bear the label of the Marine Stewardship Council. Wal-Mart's size gives it a unique opportunity to improve the fishing industry. This concern for _____ is one of many initiatives Wal-Mart is introducing to improve our environment.

social responsibility

Which of the following is an example of a trend in ethics and social responsibility?

strategic giving

_____ are all the individuals or groups to whom a business has a responsibility.

Stakeholders