Management 301 Chapter 5 Review

Under which of the following conditions will codes of ethics be less effective?

if people who violate the codes are not punished

Which of the following statements is true of codes of ethics of an organization's values?

Codes of ethics state the values or behaviors expected and those that will not be tolerated.

Greenwashing occurs when a company tries to portray itself as more ___________ than it actually is.

environmentally minded

Which of the following statements is true of B Lab certification for benefit corporations?

It helps companies avoid unintentional greenwashing.

Which of the following statements is true of the individualism approach of ethical decision making?

It is easily misinterpreted to support immediate self-gain.

In the context of ethics, which of the following sets of parameters constitutes the triple bottom line that is used to measure an organization's sustainability performance?

People, planet, and profit

In the context of ethics, which of the following is a characteristic of managers who are "givers"?

They encourage others to think for themselves.

Which of the following statements is true of individuals at the postconventional level of ethical maturity?

They will disobey rules or laws that violate their internal set of values.

Which of the following stakeholders are primarily concerned with profitability?

investors

People who are in business have a right to make money. It's been that way since the first caveman traded the first woolly mammoth hide. That's an essential human freedom, and no one should be allowed to interfere with it.

moral rights approach

A toll-free confidential ethics hotline allows employees to report questionable behavior, as well as seek guidance concerning ethical dilemmas.

true

Which of the following scenarios represents an ethical dilemma?

Source PX outsourcing production to a third world country where no rules against child labor exist

A popular clothing company decides to source cotton only from farmers who employ environment-friendly farming methods, avoiding the use of chemical pesticides. The company announces this decision through the press and social media. Which of the following is the most likely result of the clothing company's actions?

an increase in sales and customer numbers

B Lab certification is mandatory for companies that wish to incorporate as benefit organizations.

false

Starbucks elected to pay higher prices to coffee growers who meet a list of quality standards that impact social, environmental, and economic standards. Which part of the triple bottom line does this impact?

financial performance

Jessica is a recent graduate. She begins her first job at a publishing house as a trainee editor. Jessica's manager is a highly authoritative person who closely monitors her performance. Jessica believes that if she obeys her manager's instructions, she can avoid harmful personal consequences. In the context of ethics, Jessica is at the _____ of moral development.

preconventional level

In the context of ethics, research has shown that people will work harder and more effectively under _____, in which leaders put others' interests and needs above their own.

servant leadership

I understand that some people who use Facebook would like more privacy, but my company makes money by selling users' information. If the ability to profit from personal information were taken away, how would the company and all our stakeholders be compensated for the service we provide?

Justice approach

Just look at how other social media websites are run. My decisions are completely in line with those of my counterparts at those companies. Facebook is adhering to the industry standard.

Practical approach

A(n)__________ is a for-profit organization that has a stated purpose that includes creating a material positive impact on society; is required to consider the impact of all decisions not only on shareholders but on employees, the community, and the environment; and voluntarily holds itself to high standards of accountability and transparency.

benefit corporation

A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian coffee and a variety of continental cuisines in its cafeteria. In this scenario, the firm's decisions and beliefs pertain to the domain of:

free choice

As one of the top managers at DropLabs, Henry ensures that all his employees are given the right to speak freely with their managers and higher-ups to voice their concerns. He also ensures that employees are not monitored on days they are not at work. Henry believes that employees are most productive when they are allowed to choose the projects they want to work on, provided they have the skill set and the experience to perform the job. In the context of the various ethical decision-making approaches, Henry's beliefs and actions are consistent with those asserted by the:

moral-rights approach.

Which of the following statements are consistent with the findings of Slater and Dixon-Fowler? Check all that apply.

people with MBAs are more likely to lead a sustainable organization than people without MBAs, CEO education is positively related to an organizations sustainability