BA 310 Ch. 12
____________ was one of the first companies to develop the first corporate code of ethics.
JC Penny
Which of the following is NOT one of the three major global codes of ethics as indicated in the text?
Kyoto Treaty
Which of the following are recommendations made by governments for multinational enterprises to adopt into their own codes of ethics?
The Organization of Economic Co-operation and Development guidelines for multinational guidelines.
The ___________ was based on a challenge by former Secretary-General of the United Nations Kofi Annan for businesses to adopt universal environmental and social principles.
The United Nations Global Impact
Firms that adopt a Total Responsibility Management system are able to learn from the implementation of the system since the cycle is continuous.
True
It is important to put a code of ethics into writing regardless of the size of the business because it helps stakeholders know which behaviors are acceptable and which are not.
True
Kyosei is defined as the ability to live and work together for the common good that allows for mutual prosperity through cooperation.
True
Section 406 of the Sarbanes-Oxley Act of 2002 requires that companies that are publicly traded disclose whether or not they have a code of ethics.
True
The UN Global Impact was established in January 1999 based on a challenge by former Secretary-General of the United Nations Kofi Annan for businesses to adopt universal environmental and social principles.
True
The code of ethics of a firm represents the identification and interpretation of what the firm considers acceptable behavior.
True
Total Responsibility Management starts with the premise that the vision of the firm drives the development of the code of ethics
True
Vision setting is based on the identification of the unique relationship each firm has with its competitive advantage, its stakeholders, and its historical development.
True
Which of the following values is described as incorporating within the code of ethics values and actions that will do the greatest good for the greatest number of people?
Utility
All of the following are mentioned in the text as types of statements that a corporation may adopt to communicate the corporation's view of the subject of ethics EXCEPT:
a corporate contingency plan
All of the following are critical components of a code of conduct for financial institutions EXCEPT
all selections are critical components of a code of conduct for financial institutions
A(n) _____________ can be defined as a written document that explicitly states what acceptable and unacceptable behaviors are for all of the employees in an organization.
code of ethics
Which of the following is NOT one of the three major stages of the Total Responsibility Management process?
commercialization process
The Organization of Economic-Co-operation and Development Guidelines for Multinational Enterprises is an international network of business leaders who are committed to promoting the concept of moral capitalism.
False
The four ethical values that firms should consider when developing and/or modifying a code of ethics are reciprocity, commitment, reliability, and governance.
False
The three major stages of the TRM system are unfreezing, moving, and refreezing.
False
During the _____________, a firm identifies the establishment of its ethical leadership commitment as well as establishes the vision-setting process.
Inspiration Process
Which of the following values is described as presenting ideals in the code of ethics that highlight the attributes of honesty, sincerity, and transparency?
Integrity
It is important to put a code of ethics into writing for which of the following size of organizations?
5,001+ employees
Which of the following is a statement that sets forth a company's beliefs and responsibilities to stakeholders?
A corporate credo
A(n) ______________ is a succinct document that is intended to set out the guiding principles of a company.
A values statement
In the opening case "How We're Fixing Up Tyco," which of the following individuals was the senior vice president of corporate governance at Tyco who had the responsibility of repairing the tarnished image of the diversified conglomerate?
Eric Pillmore
Firms that implement a Total Responsibility Management system are not able to generate the relevant information of interest for internal and external stakeholders due to the complexity of the system.
False
Most codes of ethics also include sanctions sections.
False
One of the first corporate codes of ethics was developed by Dell Computers.
False
The duties and capabilities of a firm to execute its ethical vision is called __________.
Competence
Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.
Sarbanes Oxley
_____________ is an extension to Deming's Total Quality management approach to firms.
Total Responsibility Management
A corporate credo is a statement that sets forth the company's beliefs and responsibilities to stakeholders.
True
The _____________ involves top management integrating the ethical vision, value, and leadership into the strategic decision-making process.
integration process
Presenting the firm's commitment to unbiased and good-faith interactions with its stakeholders is called ____________.
justice
Which of the following is NOT mentioned in the text as a reason a code of ethics might be adopted?
product standardization in the marketplace
According to the text, all of following will occur if a code of ethics is in place and that code is enforced EXCEPT:
questionable behavior increases
All of the following are ethical values a firm should consider when developing and/or modifying a code of ethics EXCEPT:
reciprocity
The _____________ is an international network of business leaders who are committed to promoting the concept of moral capitalism.
the Caux Round Table Principles
All of the following are considered critical elements of a good ethics program EXCEPT:
the assignment of financial resources