Quiz 4 Questions
Which of the following would most likely be a social interest of a sustainable business? A. Avoiding the use of sweatshops B. Maximizing waste water C. Offshoring D. Importing raw materials E. Establishing tax flows
A. avoiding the use of sweatshops
What is the most notable form of corruption in international business? A. Bribery B. Theft C. Blackmail D. Fraud E. Money laundering
A. bribery
What practice is NOT a good example of sustainability? A. Deregulating fossil fuel usage B. Rotating crops C. Minimizing waste D. Recycling used water E. Using cost-effective solar energy
A. deregulating fossil fuel usage
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? A. Increase the company's positive economic impact B. Hasten cultural change C. Add to the company's negative social impact D. Eliminate ethical dilemmas E. Reduce corruption in the company
A. increase the company's positive economic impact
Which of the following situations illustrates sustainability? A. Nokia phases in toxic materials for its cell phones. B. BMW introduces electric cars with carbon-fiber bodies to save fuel. C. Unilever defunds a global handwashing campaign that aims to reduce disease in Africa. D. GAP markets a line of children's wear even though the supplier used child labor. E. Coca-Cola increasingly seeks ways to use scarce water supplies.
B. BMW introduces electric cars with carbon-fiber bodies to save fuel
According to the five-step framework for ethical decision making, which question is most relevant when examining the facts? A. Will any personnel be harmed? B. Have all the groups affected been consulted? C. What should have been done differently? D. Is an ethical dilemma present? E. What can the company do to increase market share and maximize profits?
B. Have all the groups affected been consulted?
________ are small payments made to low-level government officials to perform routine duties more efficiently. A. Blackmail payments B. Grease payments C. Extortions D. Counterfeit items E. Falsified contracts
B. grease payments
According to the ________ approach, the best ethical action is the one that produces the greatest balance of good over harm. A. fairness B. utilitarian C. common good D. rights E. virtue
B. utilitarian
Corporate social responsibility (CSR) is best illustrated by an organization ________. A. procuring products or services from suppliers located abroad B. charging consumers for recycling outdated electronics C. powering a certain percentage of its operations with green energy D. ignoring the working conditions of its suppliers in Latin America E. selling vaccines to people in developing countries
C. powering a certain percentage of its operations with green energy
________ is defined as meeting humanity's needs without harming future generations. A. Ethics B. Corporate social responsibility C. Sustainability D. Impact E. Corporate governance
C. 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? A. The fairness approach would promote developing the local community of the laborers, whereas the common good approach would promote ethical requirements for the supplier. B. The fairness approach would promote punishing the supplier, whereas the common good approach would promote encouraging the supplier to be more equitable. C. The fairness approach would promote helping the laborers and the supplier, whereas the common good approach would promote helping only the laborers. D. 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. E. The fairness approach would promote changing suppliers, whereas the common good approach would promote reforming the supplier.
D. 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.
_______ are moral principles and values that govern the behavior of people, firms, and governments regarding right and wrong. A. Social responsibilities B. Behavioral standards C. Beliefs D. Ethics E. Attitudes
D. ethics
The first step in the five-step framework for ethical decision making is to ________. A. examine the facts B. create alternatives C. evaluate results D. identify the problem E. implement a course of action
D. identify the problem
Global sourcing most likely raises concerns about ________ A. marketing products to children B. providing information to investors and customers C. identifying opinion leaders D. operating factories that generate pollution E. advertising and promoting products and services
D. operating factories that generate pollution
What is meant by the term corporate governance? A. Meeting humanity's needs today without harming future generations B. Moral principles about right and wrong C. Protecting and nurturing a company's corporate image D. The system of procedures and processes by which corporations are managed, directed, and controlled E. The operation of a business in a way that meets or exceeds the ethical, legal, and commercial expectations of its stakeholders
D. the system of procedures and processes by which corporations are managed, directed, and controlled
________ is a document that describes the values and expectations that guide the decisions of all employees in a firm. A. A sustainable practice B. Corporate governance C. A code of conduct D. A global ethical standard E. A code of ethics
E. A code of ethics
Nations that score well on the Corruption Perceptions Index tend to ________. A. attract very little investment B. provide unclear financial information C. deceive people to gain assets D. use bribes as part of a business transaction E. attract global investors
E. attract global investors
Which of the following is the result of good corporate governance? A. Experiencing more government intervention B. Having a lower growth rate C. Facing increased regulatory scrutiny D. Building an unfavorable brand image E. Attracting committed employees
E. attracting committed employees
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? A. Superior standards B. International ethics C. Sustainability D. Engaging in philanthropy E. Corporate social responsibility
E. corporate social responsibility
What is intellectual property? A. Trademarks, copyrights, and patents B. Pirated and counterfeit products C. The legal claim that protects assets D. Unethical management practices E. Ideas or works created by individuals or firms
E. ideas or works created by individuals or firms
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 ________. A. counterfeiting B. piracy C. unfair compensation practices D. deceptive marketing E. unethical behavior
E. unethical behavior
A company that decides to come forward with the truth about its unethical practices is practicing the ________ approach to ethical standards. A. rights B. utilitarian C. common good D. fairness E. virtue
E. virtue