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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 91

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A public good is one that everyone gets to enjoy regardless of who pays for it.

A) True
B) False

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Question 92

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A growing number of people feel that an employee's ethics are a personal matter,and have nothing to do with management.

A) True
B) False

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Question 93

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Since it's difficult to measure how green a company is,many organizations develop their own sustainability initiatives.

Ethical behavior covers a ________ range of conduct than legal behavior.

A corporate policy should never make a value statement about the environment or other social and political issues,because it is doubtful the company can live up to the proclamation.

Insider trading involves:

The first step when facing an ethical dilemma is to ask:

Management can create an environment in which unethical behavior can develop.

Top leaders in government and business today are:

"Do what I say,not what I do" can be an effective code of conduct to instill corporate values.

John was recently hired by Backstreet Books,an eclectic bookstore in a large college town.At the beginning of the first day on the job,his store manager handed him a small booklet consisting of company rules.He was asked to read it and sign and submit the last page,before starting work.Among other things,the rules explicitly discussed reprimands for grievous behavior and dismissal if the firm could prove that the employee was stealing product from the store.This booklet represented the ___________ of the store.

Identify the six-step approach to achieve a long-term improvement of business ethics.

When a firm undertakes corporate social initiatives it is:

As a response to the Enron scandal,the federal government now requires social audits of all U.S.businesses.

Identify and discuss the five types of groups that serve as "watchdogs" regarding how well companies enforce their ethical and social responsibility policies.

One problem with conducting a social audit is:

U.S.businesses claim that unethical business practices are common outside the U.S.

Insider trading provides the information needed for the securities markets to operate fairly and efficiently.

Cigarette producers label their products with warnings of potential health hazards.Due to the fact that this is a government mandated disclosure,it is part of the industry's compliance-based ethics.

In order to avoid the costly act of being sued in court,it makes good sense to manage your business ethically.