SageVantage MARK3330 Business Ethics Chapter 13 Test

Why is it beneficial to donate specifically to 501(c)(3) organizations?

A 501(c)(3) organization is officially listed as tax exempt by the IRS, and donations made to these organizations are tax deductible.

In which of the following situations would ISCT most clearly hold that the macrosocial can overrule the microsocial?

A company threatens to close all of its factories in a country where minors are encouraged to work factory jobs unless no minors are allowed to work there, because the company argues that employing minors for factory work is a human rights violation.

What relationship is there between bribery and macrosocial ethical contracts?

Bribery serves to entrench poverty and damages free governance, therefore it violates macrosocial contracts and is disallowed.

Businesses that spend time and resources on community involvement typically are at a competitive disadvantage compared to firms that spend that money more efficiently.

False

Fair wages do little to combat child labor.

False

Companies should encourage their employees to put in as much work as they can feasibly manage to increase productivity.

False

Fair trade threatens to worsen climate change because companies are forced to cut costs in other areas to afford to pay their workers.

False

Urgency in Ronald Mitchel, Bradley Agle, and Donna Wood's typology has to do with how committed the stakeholder is to the company granting their request.

False

How does paying adults a living wage work to combat the root causes of child labor?

Generally children only work in a family if the family needs them to in order to survive, so if adults are paid a living wage children do not need to work.

How can companies gain a tangible benefit from being a good corporate citizen?

It essentially buys your business advertising, as conscientious people and organizations will promote your company on their own.

Drawing on the experience of McKinsey & Company in South Africa, if your company is considering doing business with an organization in a country where there is widespread government corruption, what should you keep in mind before doing so?

Pleading ignorance, even if factually true, often does not save your company's reputation from being damaged.

Bottom of the pyramid business ventures seek to provide for the neediest people in the world in a fashion that is profitable for the business providing for them.

True

The U.S. pharmaceutical industry's experience in India teaches us that ______.

an attempt to change cultural norms in a host country may be perceived as intolerant

Imagine that you work at a medical supply company. Of the following options, which would be the most effective example of an in-kind donation that your company could make?

donating surgical masks to a non-profit hospital that helps treat children in poor countries

It is important to complete the first-agreement phase before moving onto the second-agreement phase because the first-agreement phase involves ______.

reaching an agreed understanding of the problem