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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 101

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Businesses have a social responsibility to create jobs.

A) True
B) False

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Question 102

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An ethical dilemma refers to a situation where you must:

A) treat someone unfairly.
B) choose between equally unsatisfactory alternatives.
C) choose between a correct and an incorrect option.
D) balance the concerns of profit and legality.

E) C) and D)
F) A) and B)

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Question 103

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In the long run, a firm's loyalty to their employees can pay off financially.

Many businesses have developed internal procedures to enforce their ethical policies. Which of the following is an example of an outside group urging ethical behavior in businesses?

Recent surveys indicate that U.S. customers are willing to pay a little more to purchase garments from companies who promote worker-friendly environments.

Over two-thirds of the American population report never giving any time to the community.

One good reason for managing a business ethically is to help reduce employee turnover.

Corporate values, like personal values, are learned by observing what others do.

In order to do the right thing for all stakeholders, a business should be managed ethically.

Corporate social responsibility describes the firm's:

According to the Legal Briefcase box, "Paying the Price", corporate executives who commit fraud, securities fraud, and other business crimes are sentenced to fines, but not to jail because these acts are not considered to be criminal convictions.

The green movement has turned the heads of very few firms.

Ethical behavior at work is learned by:

Customers learn to trust companies that consistently demonstrate good behavior. Those same companies can lose this position with one, socially irresponsible activity.

A recent study revealed that employee fraud causes 30% of all business failures.

When faced with slow sales and low profits, even managers with strong ethical values may feel pressured to compromise those values.

Many U.S. companies are demanding socially responsible behavior from their international suppliers.

According to the Legal Briefcase box, "Paying the Price", the fate of Arthur Anderson demonstrates that the law will protect your firm from problems due to the wrong-doings of other firms that you do business with.

Which of the following is not a basic right proposed by former President John F. Kennedy?

Considering the potential impact on others prior to making a decision is consistent with behavior.