Quiz 4

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​________ is a document that describes the values and expectations that guide the decisions of all employees in a firm.

A code of ethics

Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. This is an example of​ ________

Unethical Behavior

According to the​ ________ approach, the best ethical action is the one that produces the greatest balance of good over harm.

Utilitarian

What practice is NOT a good example of​ sustainability?

Deregulating fossil fuel usage

A U.S. firm does not send female managers to a country where women are expected to be subservient to men. Which of the following is being illustrated by the​ firm?

A relativistic ethical perspective

Nations that score well on the Corruption Perceptions Index tend to​ ________.

Attract global investors

Which of the following is the result of good corporate​ governance?

Attracting committed employees

Which of the following would most likely be a social interest of a sustainable​ business?

Avoiding the use of sweatshops

Which of the following situations illustrates​ sustainability?

BMW introduces electric cars with​ carbon-fiber bodies to save fuel.

What is the most notable form of corruption in international​ business?

Bribery

What is a proactive approach to ethical behavior in which firms seek not only to maximize​ profits, but also to benefit society and the​ environment?

Corporate Social Responsibility

​Coca-Cola demonstrates social responsibility by doing which of the​ following?

Developing a global plan to protect water resources

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

Ethics

______ are small payments made to​ low-level government officials to perform routine duties more efficiently.

Grease payments

According to the​ five-step framework for ethical decision​ making, which question is most relevant when examining the​ facts?

Have all the groups affected been​ consulted?

What is intellectual property?

Ideas or works created by individuals or firms

The first step in the​ five-step framework for ethical decision making is to​ ________.

Identify the problem

A​ company's plan for corporate social responsibility​ (CSR) is to rely solely on local suppliers for its operations. What effect will this most likely​ have?

Increase the​ company's positive economic impact

Global sourcing most likely raises concerns about _____.

Operating factories that generate pollution

Corporate social responsibility​ (CSR) is best illustrated by an organization​ ________.

Powering a certain percentage of its operations with green energy

____ is defined as meeting​ humanity's needs without harming future generations.

Sustainability

A company has an ethical challenge in that its overseas supplier is employing laborers to work in harsh conditions for next to nothing. How would a fairness approach to ethics differ from a common good approach to this​ challenge?

The fairness approach would promote paying all of the laborers an equal​ wage, whereas the common good approach would promote lobbying the government to pass laws requiring equal wages.

A firm has an issue with its overseas plant employing children as​ laborers, and the​ firm's top manager is using the​ five-step ethical framework to address the problem. The firm is considering the idea of educating the children several days each week in an​ on-site classroom. Based on the​ five-step ethical​ framework, which statement illustrates the manager implementing a course of​ action?

The manager follows up on the​ firm's education initiative.

What is meant by the term corporate governance​?

The system of procedures and processes by which corporations are​ managed, directed, and controlled

A company that decides to come forward with the truth about its unethical practices is practicing the​ ________ approach to ethical standards.

Virtue


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