Strategic Management - Ch. 10

The responsibilities of a firm to​ employees, consumers,​ environmentalists, minorities,​ communities, shareholders, and other groups are referred to as​ ______. A. corporate social responsibility B. ethical responsibilities C. strategic plans D. corporate sustainability E. environmental concerns

A. corporate social responsibility

What report reveals how a​ firm's operations impact the natural​ environment? A. A green index tag B. A sustainability report C. An ISO report D. A social policy report E. An annual report

B. A sustainability report

What position should company guidelines and policies take in regards to workplace​ romance? A. Workplace romance is included under EEOC sexual harassment laws. B. It should be discouraged. C. It should never be permitted. D. It should be ignored since this is a private issue between two adults. E. It should be encouraged.

B. It should be discouraged.

Employees should practice​ whistle-blowing, and organizations should​ ______. A. allow​ whistle-blowing only when it does not cause financial burden to the organization B. have policies that encourage​ whistle-blowing C. have policies that discourage​ whistle-blowing D. encourage​ whistle-blowing but not address it in policies E. allow different departments to set their own​ whistle-blowing policies

B. have policies that encourage​ whistle-blowing

The Institute of Business Ethics​ (IBE) recently conducted a study and concluded that companies displaying a​ "clear commitment to ethical​ conduct" ______. A. have less workforce engagement than companies that do not display ethical conduct B. show a​ long-term, steady decline in profits C. consistently outperform companies that do not display ethical conduct D. show no performance differences from those that do not display ethical conduct E. consistently underperform companies that do not display ethical conduct

C. consistently outperform companies that do not display ethical conduct

According to the ISO 14001​ standard, an organization is required to put in place and implement a series of practices and procedures​ that, when taken​ together, result in​ a(n) ______. A. increase in shareholder value B. waste management system C. environmental management system​ (EMS) D. environmental sustainability report E. recycling program

C. environmental management system​ (EMS)

Extensive research has revealed which of the following relationships between corporate social responsibility and corporate financial​ performance? A. An inverse relationship B. No relationship C. A Bell curve D. A​ U-shaped curve E. A direct relationship

D. A​ U-shaped curve

In addition to having a clear code of business​ ethics, managers must also consider the specific details of the​ code, how it will be​ implemented, and​ ______. A. how it will impact profitability B. whether everyone agrees with it C. how many employees will leave the company D. who is exempt from following the code E. how adherence to it will be monitored

E. how adherence to it will be monitored