MAN3600: Chapter 5

Scholars examining ethics from the perspective of relativism hold that ethical truths are absolute

False

Standards of ethical behavior are uniform worldwide

False

Sean, a senior manager in Freedom, adheres to the relativist view regarding ethical standards, He goes by the rule " When in Rome, do as the Romans do." Sean is most likely to agree strongly with which of the following views?

Freedom should passively accept the practices that prevail in countries where it does business

Piracy is equivalent to counterfeiting

True

The five approaches to analyzing ethical dilemmas often lead to similar solutions

True

Widespread corruption hinders economic development

True

_______ is the top market for counterfeit and pirated goods

US

The ________ is a policy platform and practical framework for companies committed to sustainability and responsible business practices. It is the world's largest voluntary corporate citizenship initiative, representing thousands of businesses in more than 135 countries

United Nations Global Compact

Which of the following can extend legal protection to Hudson's propriety software used in its toys?

a copyright

Firms with a strong social interest

aim to optimize work conditions and diversity in hiring

Sustainable firms

avoid emitting toxic wastes

In the five-step framework for making ethical decisions, implementing a course of action implies

creating new rules, processes, or procedures, and putting these into effect

According to the framework for arriving at ethical decisions, a course of action must be identified as soon s the ethical problem is detected

false

Creating alternatives is the last step of the framework for arriving at ethical decisions

false

Improper ethical behavior is unlikely to result when bad means are justified by good ends

false

In countries with questionable ethical norms, it is usually ill-advised to maintain ethical standards superior to what is required by local laws and values

false

The five approaches to analyzing ethical problems rarely conflict with each other

false

The utilitarian approach is based on the belief that, regardless of how one deals with an ethical dilemma, human dignity must be preserved

false

In countries with minimal corruption

financial and accounting information is transparent

_________ is the procurement of products or services from suppliers located abroad

global sourcing

In order to be effective, a corporate code of conduct should be designed to function like a

moral compass

_______ means meeting humanity's needs without harming future generations

sustainability

Which of the following behaviors of a firm can be called unethical

tolerating sweatshop conditions

Which of the following approaches to ethical standards for corporate governance reflects the view that the best ethical action is the one that provides the most good or the least harm

utilitarian approach

In the five-step framework for making ethical decisions, which of the following approaches to evaluating actions is being used by a manager who questions whether a proposed action embodies character strengths he/she values

virtue approach

Which of the following countries have the LEAST corruption

Denmark

Which of the following, if true, implies that Freedom has a strong social interest?

Despite the overseas vendor's effectiveness, Freedom decides not to enter into a contract with it because according to Freedom, tolerating sweatshop conditions is unethical

A corporate culture that advocates profit over sustainability and human welfare cannot lead to employee abuse

False

Which of the following grants protections to the creators of art, music, books, software, movies, and TV shows?

copyright

_________ refers to the system of procedures and processes by which corporations are managed, directed, and controlled

corporate governance

Sustainable practices lead to

cost savings from more efficient production

The process of reproducing assets without compensating those who originally created them is known as

counterfeiting

Easy accessibility of the Internet has led to a perceptible decline in deceptive marketing

False

Ethical behavior represents the base of the pyramid of ethical behavior

False

In helping identify ethical problems, the firm's code of conduct should be tailored to match the norms of each individual region from which the firm operates

False

Intellectual property rights law enacted in one country are enforceable worldwide

False

______ represents the apex of the pyramid of ethical behavior

Corporate social responsibility

Which of the following is true with regard to corruption?

Corruption harms the poorest in societies

An international human rights organization recommends that its member countries review their human right policies on a periodic basis to ensure that their governments are upholding ethical standards for the treatment of prisoners. Which of the following represents the most effective reasoning in support of the organizations recommendation?

Ethical standards change over time, so national policies should be updated as necessary

________ are moral principles and values that govern the behavior of people,firms, and governments regarding right and wrong

Ethics

________ refers to ideas or works created by individuals or firms and includes a variety of proprietary, intangible assets: discoveries and inventions, artistic, musical, and literary works; and words, phrases, symbols, and designs

Intellectual property

the managers discuss various ethical problems commonly encountered in their local territories. Which of the following representatives is most likely to label counterfeiting of goods as the biggest challenge in his/her country

Jang

Who among the following managers is most likely to raise concern over the ban on advertising directed at children in his/her country

Luis

______ is most likely to point to a controversial practice in his/her country in which the compensation of top executives is far greater than that of low-ranking subordinates

Marta

________ confer the exclusive right to manufacture, use, and sell products or processes

Patents

Corruption is defined as

The abuse of power to achieve illegitimate personal gain

Firms with strong environmental interests are most likely to

minimize pollutants in manufacturing

CSR improves employee perceptions of a company, which in turn enhances their loyalty and focus on company goals

True

Ethical behavior is critical to business success

True

Ethics and appropriate behavior transcend all international business activities and figure prominently in management decisions about financial performance and competitive advantage

True

Failure to adopt CSR behaviors can have high detrimental effects on a company

True

Grease payments intended to expedite transactions are both accepted and legal in many countries

True

In terms of CSR and sustainability, going wide implies

a continuous effort to understand how CSR and sustainability affect every aspect of the firm's operations worldwide

When making decisions regarding ethical business actions, managers should

balance their obligation to shareholders with explicit contributions to the broader public good

_______ refers to offering, giving, receiving, or soliciting anything of value to influence the actions of a government official or a corporate manager

bribery

Which of the following is true with regard to bribery

bribery promotes a culture of dishonesty and immorality

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action emphasizes the welfare of the entire community or nation

common good approach

_______ represents the base of the pyramid of ethical behavior

complying the laws and regulations

In terms of CSR and sustainability, going ______ means institutionalizing appropriate behavior into the organization's culture so it becomes part and parcel of strategy

deep

In a world ever sensitive to social and environmental issues, more and more firms are embracing CSR and sustainability. Such firms are more likely than not to

develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions

Which of the following refers to a typical CSR value

engaging in philanthropy

According to relativists

ethical truths differ from group to group

When using the five-step framework for making ethical decisions, which of the following steps involves investigating which individual have a stake in the outcome

examining the facts

Which of the following approaches to ethical standards for corporate governance reflects the view that the best action treats everyone equally and in a just manner

fairness approach

The software program embedded in Hudson's signature toy, the Witty Parakeet, is an example of

intellectual property

Trademarks, copyrights, and patents are examples of

intellectual property rights

Which of the following is true of a good code of conduct

it guides employee behavior in all situations

Which of the following is true with regard to the rights approach

it is based on the belief that, regardless of how you deal with an ethical dilemma, human dignity must be preserved

Which of the following would most likely be considered an appropriate action for a multinational company in meeting in global corporate social responsibility obligations

promoting rights for people with disabilities

When applying the five-step framework for making ethical decisions, managers should, at first,

recognize the ethical problems

Which of the following acts make it illegal for US firms to offer bribes to foreign parties in order to secure or retain business?

the US Foreign Corrupt Practices Act

According to the virtue approach

the best action emphasizes moral excellence and rightouesness that provide for the full development of our humanity

Economic interests refer to a firm's economic impact on

the localities where it does business

Hudson uses a distinctive sign to enable its customers to easily identify its products. This distinctive sign that the company also uses to distinguish its offerings from that of its competitors is known as a

trademark

The Nike "Swoosh" is an example of

trademark

Acknowledging the presence of an ethical problem is the first step of the framework for arriving at ethical decisions

true

Corporate codes of conducts emphasize standards related to ethics and social responsibilities

true

Corporate social responsibility represents the apex of the pyramid of ethical behavior

true

Evaluation of results is the last step of the framework for arriving at ethical decisions

true

Experienced managers scan operations in each country and potential partners for the possibility of ethical abuses. Such scanning in an ongoing process because company operations and environments evolve continuously

true

Relying on one's instincts is often the best way to identify an ethical problem

true

The Global Reporting Initiative pioneered the development of the most widely used sustainability reporting framework

true

The most advanced companies monitor suppliers to ensure that they use sustainable practices

true

When it comes to ensuring ethical behavior, experienced managers follow a systematic process

true

An individual who believes in ethical normativism is most likely to view ethical behavioral standards as

universal