Chapter 10

Total area of fully protected marine habitats in the United States is only about

50 square miles

Bribery involves

Bestowing a gift to influence conduct

What challenge facing all organizations requires managers to formulate strategies that preserve and conserve natural resources and control pollution?

Ecological

What should firms strive to engage in social activities that have?

Economic benefits

________ is a set of standards in fields such as environmental auditing, performance evaluation, and labeling, that is adopted by thousands of firms worldwide to certify to their constituencies that they are conducting business in an environmentally friendly manner.

ISO 14001

All of the following are reasons that workplace romance can be detrimental to workplace morale and productivity EXCEPT

Increased quality and quantity of work

What does a bad sustainability record increase for a firm?

Investor scrutiny

What is the first social responsibility of any business according to the text?

Make enough profit to cover future costs

Which of the following business actions is considered to be unethical?

Misleading labeling

Preserving the environment should be a permanent part of doing business for which of the following reasons?

More lenders are examining the environmental liabilities of businesses seeking loans.

In an effort to manage ecological challenges, many companies are moving environmental affairs from the staff side of the organization to the line side.

Moving environmental affairs from the staff side of the organization to the line side.

Environmental advocacy groups now have ________ Americans as members

Over 20 million

Sustainability refers to the extent that an organization's operations and actions ________ the natural environment.

Protect, preserve, reflect good stewardship of, and mend.

Which is NOT a reason why preserving the environment should be a permanent part of doing business?

Public opinion demanding that firms conduct business in ways that preserve the natural environment has been weakening.

What is Japan's prescription for dealing with problems associated with an aging society?

Reversing the trend of keeping women at home

Jeff Wells of the National Audubon Society asks "Why should we be willing to watch ________ destroyed any more than allowing a great work of art to be destroyed?"

Songbirds

_________ are the individuals primarily responsible for ensuring that high ethical principles are espoused and practiced in an organization.

Strategists such as CEOs and business owners

A document that discloses to shareholders information about a firm's labor practices, product sourcing, energy efficiency, environmental impact, and business ethics practices is known as a sustainability report.

Sustainability report

Which state generates the greatest number of megawatts of wind power?

Texas

What is the importance of a code of ethics?

To ensure ethical behavior in employees.

________ refers to employees reporting any unethical violations they discover or see in the firm.

Whistleblowing

Managers and employees today must be careful not to ignore, conceal, or disregard a pollution problem or they could be demoted, be fired, be held indirectly responsible for their firm's pollution, and be turn on in their firm's quest for leniency.

be demoted. be fired. be held indirectly responsible for their firm's pollution. be turned on in their firm's quest for leniency.

Simply having a code of ethics is insufficient to guarantee that employees behave in an ethical manner.

is insufficient to guarantee that employees behave in an ethical manner.

Social policy can best be defined as

the responsibilities a firm has to employees, consumers, environmentalists, minorities, communities, shareholders, and other groups.

The U.S. Foreign Corrupt Practices Act and a new provision in the Dodd-Frank financial regulation-law allows company employees who bring cases of financial fraud, such as bribery, to the government's attention to receive ________ percent of any sum recovered.

up to 30