BUS 101 CH2

Which of the following statements about ethics training is true? The most effective ethics training begin with the techniques for solving ethical dilemmas. Ethics training is formal training to develop an awareness of questionable business behavior and to practice appropriate responses. Ethical training does not have to be boring. Fewer than half of all American companies have some type of ethics training programs. All of the above statements about ethics training are true.

All of the above statements about ethics training are true.

Which of the following statements about social responsibility is true? Companies that exhibit corporate philanthropy are not acting socially responsible. The four components of the social responsibility pyramid are of equal importance. The federal government has written laws that require businesses to act socially responsible. The obligation that a business has to act socially responsible extends beyond the investors in the company to include workers, suppliers, consumers, and communities. All of the above statements about social responsibility are true.

All of the above statements about social responsibility are true.

_____ is a philosophy that focuses on the consequences of an action to determine whether it is right or wrong. This philosophy holds that an action that affects the majority adversely is morally wrong. Distributive justice Preconventional morality Social responsibility Utilitarianism Consumerism

Utilitarianism

Alonzo Dwork will not buy stock in a company that sells bottled water because more than 1.5 million barrels of oil are used annually to make the plastic bottles used for water, and nearly 90 percent of these bottles are disposed of after one use. Dwork is a strong believer in environmental protectionism, and this _____ is his way of expressing that belief. social investing social paternalism strategic giving ethical giving corporate philanthropy

social investing

_____ are all the individuals or groups to whom a business has a responsibility. Stockholders Consumers Lobbying bodies Stakeholders Investors

stakeholders

Seeds of Change manufactures and markets certified organic entrees. Its mission reads, "At Seeds of Change, we're committed to making delicious foods that are healthy for you as well as the planet." In support of this mission, the company donates money to support environmental protection activities. In other words, Seeds of Change engages in: consumerism social investing strategic giving strategic paternalism consumer-based donating

strategic giving

_____ is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates. Social philanthropy Social investing Strategic giving Strategic paternalism Consumer-based donating

strategic giving

Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science. Since Amgen, as an employer would benefit from this philanthropy, it would be characterized as strategic giving. True False

true

An organization's first responsibility is to provide a job to employees. True False

true

Human rights include an individual's right to life, to freedom, and to the pursuit of happiness. True False

true

Social responsibility is a voluntary obligation. True False

true

The distributive process by which the burdens and rewards that society has to offer are shared varies from society to society. True False

true

Which of the following statements about ethics training is true? Ethics training is formal training to develop awareness of inappropriate behavior and to practice appropriate responses. Ethics training is best done informally to allow employees to feel free to admit their mistakes. One of the purposes of ethics training is to get employees to admit when and where they have acted unethically. The most effective ethics training begins with the development of a personal code of ethics. The most effective ethics training involves new recruits; the ethics of long-time employees cannot be changed.

Ethics training is formal training to develop awareness of inappropriate behavior and to practice appropriate responses.

_____ is the concern of businesses for the welfare of society as a whole. Social responsibility Business ethics Consumerism The marketing concept Business morality

Social responsibility

Which of the following statements about utilitarianism is true? Utilitarianism is concerned with providing for the needs of the minorities. The concept of utilitarianism supports affirmative action programs. Utilitarianism holds that an action that affects the majority adversely is morally wrong. Utilitarianism is primarily concerned with the legal aspects of business decisions. None of the above statements about utilitarianism is true.

Utilitarianism holds that an action that affects the majority adversely is morally wrong.

Which of the following would be stakeholders for a manufacturer of agricultural pesticides? the farmers who buy the products EPA representatives who inspect the plant people who live in the community in which the plant is located employees of the plant all of the above

all of the above

Corporate philanthropy: is the practice of limiting investments to companies that behave in accordance with the investors' code of ethics is defined as the corporation's responsibility to satisfy the needs of its investors can be either a cash or a noncash donation is not a way that many companies today express their social responsibilities is defined by none of the above

can be either a cash or a noncash donation

The _____ for the Music Teacher's National Associations establishes a standard of conduct and recommends a set of responsibilities teachers should have toward students, colleagues and the public. These guidelines assist the professional music teacher in gaining the respect of peers and avoiding conflicts and complaints with students and others. It points out to members what are and what are not considered fair, honest and reasonable practice when dealing with students, colleagues and the public, it provides guidance for such aspects as advertising practices, appropriate relationships, and personal and professional integrity. ethical covenant code of ethics moral guidelines ethical oath educational standards

code of ethics

Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to keep the gym bag and its contents for herself or turn it into the mall's lost and found department involves: consumerism ethics the marketing concept cultural awareness social reciprocity

ethics

Corporate philanthropy excludes any noncash donations. True False

false

Enlightened firms are realizing that empowerment puts too much stress on employees and are eliminating empowerment programs. True False

false

Ethical decision making begins in the marketing department. True False

false

If the company wants employees to take ethical training seriously, the training should not include games. True False

false

The only social responsibility that a company has to its investors is an economic responsibility--it must make a profit. True False

false

To be a useful code of ethics, the code should offer broad policies and procedures rather than detailed rules. True False

false

A code of ethics: provides employees with the knowledge of what their firm expects in terms of their responsibilities and behavior toward fellow employees, customers, and suppliers can offer a lengthy and detailed set of guidelines to employees is a summary statement of the firm's goals, policies, and priorities is considered by some to be public relations gimmicks is accurately described by all of the above

is accurately described by all of the above

Social investing: was more popular in the 1960s than it is today has little impact on whether a company chooses to operate with social responsibility is a type of corporate philanthropy is the practice of limiting investments to companies that have ethical policies that match those of the investor is another name for strategic giving

is the practice of limiting investments to companies that have ethical policies that match those of the investor