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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 1

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In the discussion of corporate social responsibility, stakeholders and stockholders refer to the same group.

A) True
B) False

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False

Question 2

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We describe charitable donations by corporations to nonprofit organizations as ________.

A) corporate philanthropy
B) corporate responsibility
C) corporate strategy
D) structural commitment

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

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Question 3

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Recently, Bob was trying to choose among three mutual fund investments for his retirement account. As a socially conscious investor, he will prefer to invest in funds that hold the stocks of oil and coal companies, as opposed to wind-turbine and renewable energy companies.

A payoff for socially conscious behavior is

Punishing business leaders who have broken the law may help restore trust in the free-market system and leaders in general.

When discussing moral and ethical issues, it is helpful to remember that ethical behavior begins with

A U.S. senator has just told you that for a generous contribution to her reelection fund, she would ignore your company's apparent violation of several antipollution laws. Which of the following "ethics check questions" would you consider first?

People should look at each situation individually and decide for themselves if it is right or wrong.

"Fair disclosure" refers to a Securities and Exchange Commission rule that states when a publicly traded firm discloses information, it must share it with everyone.

The objective of the Inter-American Convention Against Corruption document formulated and signed by the Organization of American States is to identify common global ethics.

The Irish Plastering Corporation recently instituted a corporate ethics code. The president of the company, Seamus McHale, realized that ethical relationships are based on

Since most ethics violations are small and rather insignificant in nature, employees need to understand that addressing these issues is secondary to making profits. CEOs may be justified in ignoring these small problems and waiting for more convenient moments to address them.

Legal behavior is directly related to our relationships with others, while ethical behavior is not.

Due to their significant economic power, large multinational firms can ignore the ethical standards of a society without consequences.

When working with international firms, U.S. businesses

An accurate statement regarding this chapter is: "Business law establishes ethical behavior."

According to the Reaching Beyond Our Borders box, which of the following is true?

U.S. businesses consider the Foreign Corrupt Practices Act as legislation that has helped increase their profits abroad.

According to the Reaching Beyond Our Borders box, corporate ethics can clash with cultural ethics, especially in global business.

"Hear no evil, see no evil, speak no evil" is the best policy for U.S. firms to follow in their dealings with corrupt foreign suppliers.