CH. 3: Self Test

which of the following strategies is NOT designed to help a company recover from an ethical lapse? a. ensuring that the whistle-blowers faces legal concequences b. working to find a leader who will set an example of the new ethical image of the company c. restructuring internal operations to empower all employees to consider ethical implications of decisions and allowing them to feel free to speak up when they have concerns d. resigning internal rewards for example restructuring the incentive package for a sales department so that there is a financial reward for building a relationship with a client rather than just closing a sale

a. ensuring that the whistle-blowers faces legal concequences

The practice of corporate philanthropy a. is only a marketing strategy b. can build stronger relationships with employees and the community at large c. states that success can be found by competing fiercely to provide lowest price d. is a strategy that works only in certain segments of industry where there is a lot of media attention

b. can build stronger relationships with employees and the community at large

CSR can be measured by a. a company rate of growth b. organizations that monitor and rank performance on social issues c. the happiness level of employees in a company d. businesses that have a high profit margin and gross sales

b. organizations that monitor and rank performance on social issues

ethics are based on: a. the current popular culture b. religious, cultural, or ethnic systems c. society legal systems d. each situations and the moral consequence of an action

b. religious, cultural, or ethnic systems

personal ethics collide with business ethics a. whenever there is a claim of sexual harassment b. when a business owner tries to control employees behavior outside of work c. if employees try to dictate corporate policies d. none of the above

b. when a business owner tries to control employees behavior outside of work

ethical sourcing means that a. people should make ethical decision based on particular situation b. there is one accepted source for guiding ethical decision c. a company follows accepted conduct when acquiring raw materials from suppliers d. companies will not work with international suppliers

c. a company follows accepted conduct when acquiring raw materials from suppliers

a business is in legal compliance if a. it follows all the laws of which it is aware b. it cannot be proven Quilty of violating any laws c. it meets all local state and federal regulations d. if hires only employees who do not have criminal records

c. it meets all local state and federal regulations

a corporation can behave in a socially responsible way by a. having strong policies in place to help the community b. acting to reduce the negative impact a company has on the environment c. being truthful with consumers in its market d. all of the above

d. all of the above

a social audit a. defines the marketing direction for a business b. is a set of principles that defines how to measure the success of a business c. indicates how well a company is doing at keeping good relationships with its neighbors d. is a study of how well a company is meeting its social responsibilities

d. is a study of how well a company is meeting its social responsibilities

a companys ethics can be examined by a. following its stock price b. interviewing employees c. checking documents filed when it was incorporated d. reviewing its code of ethics and mission statement

d. reviewing its code of ethics and mission statement

a mission statement details the plans of how a company will achieve profitably

false

employee morale is the responsibility of only individual employees

false

minimizing a companys carbon footprint is part of a plan to increase corporate philanthropy

false

when a company follows a strong CSR program it will restrict opportunities for growth

false

ethics is the study of the general nature of morals and the specific moral choices a person makes

true