Business ethics test one

People's ethical beliefs come from:

Their religious background, family, and education

Reasons for adopting an enlightened self-interest approach are:

-Reasonable short-run costs are incurred, but socially responsible activities are promoted. -The public's attitude toward the company is positive in the long run. -The stockholders' pressures for short-run profits are satisfied.

Which of the following companies is being the most socially responsible?

A company trying its best to operate in a way which will help local students get education and jobs.

Scholars have found:

A positive association between social and financial performance.

The reason(s) behind the uncertainty of an ethical or unethical decision is(are) that different people and groups:

AOB Different information, various rights, not same meaning of justice

Failure to understand the beliefs and expectations of stakeholders:

Causes the performance-expectations gap to grow larger

A purchasing agent directing her company's orders to a firm which she received a valuable gift, is an example of:

Conflict of interest

Legal environmental intelligence includes:

Considerations of patents, copyrights, or trademarks

The costs of corporate social responsibility may ultimately be passed on to the:

Consumer through high prices

When working well, the issue management process:

Continuously cycles back to the beginning and repeats

Modern corporations should be socially responsible because they:

Create jobs, influencing the lives of employees

Which of the following is the result of an inseparable relationship between business and society? A. all business decisions have a social impact B. the vitality of business depends on society's actions and attitudes C. the survival of business is independent of society D. Both A and B, not C

D. Both A and B, not C

Customer environmental intelligence includes:

Demographic factors

The issue management process has how many stages?

Five

A stakeholder map is a useful tool because:

It enables mangers to see quickly how stakeholders feel about an issue

When undertaking social initiatives, a company:

May sacrifice short-term profits

An analysis of the stability of a government is an example of scanning the:

Political environment

What kind of power might a local community use to influence a company's decisions?

Publicizing an issue, Lobbying government policy makers for regulations, and Challenging whether a business activity should continue to operate.

A firm subscribing to the ownership theory of the firm would mainly be concerned with providing value for its:

Shareholders

The role of special interest groups is an important element in acquiring intelligence from the:

Social environment

The fiduciary duty of managers benefits a firm's:

Stockholders, Customers, and Employees

Stakeholder groups can include:

Stockholders, the media, and environmental activists

Corporations have a role in establishing their community's:

Tax base, Safety, Economic growth

A conception of right and wrong is:

The definition of ethics

A social enterprise:

Adopts social benefits as its core mission

All of the following are examples of the phases of Corporate Social Responsibility except: A. Corporate/Global Citizenship B. Corporate Charity Principle C. Corporate Social Stewardship D. Corporate/Business Ethics

B. Corporate Charity Principle

Which of the following statements is NOT true about the interactive social system? A. business and society need, as well as influence, each other B. the boundary between business and society is clear and distinct C. business is a part of society, and society penetrates far and often into the business D. business and society are both separate and connected

B. the boundary between business and society is clear and distinct

All of the following values are present in most ethical decisions except:

Be courteous

The iron law of responsibility says that:

In the long run, those who do not use power responsibly will lose it

A number of European countries require public companies to include employee members on their boards of directors, so:

That their interests will be explicitly represented.

Utilitarian reasoning primarily considers:

The end results of an action

A bottom-line mentality in business is reflected in which statement?

"We have to beat the others at all cost"

A business becomes increasingly global:

Cross-cultural contradictions will increase

The "greying" of the population is an example of:

Customer environment

Which argument says that stockholder management realistically depicts how companies really work?

Descriptive argument

According to management scholar Karl Albrecht, scanning to acquire environmental intelligence should focus on:

Eight strategic radar screens

Businesses are expected to be ethical in their relationships with:

Employees, Customers, Stockholders, and Competitors

The components of a typical issues management process includes:

Identify issue, Analyze issue, Generate options, Take action, and Evaluate results

When the benefits of an action outweigh its costs, the action is considered ethically preferred according to:

Utilitarian reasoning

The five types of stakeholders' power recognized by most experts are:

Voting, economic, political, legal, and informational power.