ch 2

Which of the following would be stakeholders for a manufacturer of agricultural pesticides?

-employees of the plant -EPA representatives who inspect the plant -the farmers who buy the products -all of the above -people who live in the community in which the plant is located

All businesses approach ethics the same way.

False

_____ is the practice of tying philanthropy closely to the corporate mission or goals and targeting donations to regions where a company operates.

Strategic giving

The highest level of the corporate social responsibility pyramid is:

philanthropic responsibilities

Strategic giving:

refers to the practice of tying philanthropy closely to the corporation's mission or goals

Which of the following is an example of a trend in ethics and social responsibility?

strategic giving

Criticism of South Africa's post-apartheid government contends that the new government has not extended liberties to its black majority population, but has instead concentrated on proving to a white minority that a black-run administration can govern a reasonably sophisticated economy and society. The belief that the new South African government is behaving unethically is an expression of the philosophy associated with:

utilitarianism

Which of the following is an example of an unethical business activity?

-The salesperson allowed the customer to believe that delivery would be within the next week when the salesperson knew that delivery was at least four weeks away. -The employee uses the company computer to check his results in a network auction. -The employee did not report his supervisor for taking several illegal deductions on his income tax report. -The employee told several jokes that demeaned Polish people. All of the above are examples of unethical business activities.

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

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

True

Organizations can be evaluated on two basic dimensions with regard to social responsibility--legality and responsibility.

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.

Utilitarianism

Which of the following statements about utilitarianism is true?

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

The Healing Garden is the manufacturer and marketer of organic beauty aids. Its annual $40,000 donation to The Nature Conservancy in support of the nonprofit organization's pledge to preserve the environment is an example of:

corporate philanthropy

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:

ethics

A homebuilder who disposes of asbestos shingles by burying them on his own property may please the home owner because it is a less expensive means of disposal but will be punished by various legal agencies if any become aware of his crime. At which stage of the social responsibility pyramid is the builder most likely operating?

economic

A company can only be concerned about its _____ responsibilities once it has met its economic and legal responsibilities.

ethical

Corporate philanthropy excludes any noncash donations.

false

Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions:

legality and responsibility

Wal-Mart ran a series of ads in trade journals with the following headline: "We're Looking for Quality Products That Are Guaranteed Not to Last." What Wal-Mart was in fact doing was asking its suppliers to develop more environmentally friendly products and to use material that could be recycled. This concern about the environment is one way that Wal-Mart practices:

social responsibility