When managers disregard ethical concerns, the likely result is...

a general mistrust between workers and management.

Whistleblowers are often protected by U.S. law.

true

Which of the following best defines the term corporate philanthropy?

The dimension of social responsibility that includes charitable donations.

Which of the following best defines the term "corporate social initiatives"?

Those socially responsible efforts that directly relate to the company's competencies. For example, consider the examples of Tom's Shoes, Ben & Jerry's Ice Cream, and TNT.

Your textbook proposed three simple steps for ethical decision making:
1) Is my proposed action legal?

2) Is it balanced?

3) How will it make others feel about me?

false

There is a long history of developing ethical standards for business; however, one of the oldest of the issues in this are involves responsibility to customers. Your text offers specific areas of responsibility to consumers as proposed by a former U.S. president. Which of the following does not reflect these responsibilities.

Consumers should have a right to ensure there are no problems with their purchases.

Corporate values are...

learned by observing the actions of others in the organization.

Ethical behavior will result in which of the following?

improved self-esteem -- makes us feel good about our decision

The danger in writing new laws to correct behavior is that:

People may begin to think that any behavior that is legal is acceptable.

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

wider

International issues of social responsibility and ethical behavior are:

difficult and not as clear-cut as U.S. firms would like them to be.

Which of the following best defines the term corporate policy as it relates to social responsibility?

This is the position a firm takes on social or political issues. It involves words but not actions.

In the video featuring Brooke Deterline (if you didn't see this in class, you can see it in the Chapter Four folder under the Chapter Content Folders tab), she makes an important point about ethical behavior. There are several critical components to being ready to make an ethical decision. Which of the following is not true concerning Deterline's critical components?

Well-established values and morals will seldom allow someone to make unethical decisions. Whether it's a matter of doing the wrong thing directly or simply letting others do the wrong thing, having a well-established ethical system normally keeps people from doing the wrong thing. That's a problem only for those who are weak.

Your textbook proposed three simple steps for ethical decision making. Which of the following is not included in that list?

How will it make others feel about me?

One factor causing businesses to vigorously enforce ethical standards is the...

...fear of negative publicity.

Which of the following is not true about the development of ethical behavior in individuals?

...

A very critical last step in the process of establishing an ethics code is __________.

enforcement

Leaders must set the moral standard and articulate the ethical system for their organization.

true

An ethical dilemma refers to a situation where you must...

...

Laws are the lowest level of ethics at their best. As the video featuring Mel Fugate noted,"Legal liability is a test of smarts. Moral liability is a test of character."

true

Unethical leadership breeds unethical cultures.

true

Corporate social responsibility may be defined as a business's concern for the welfare of society, though many argue that this isn't the role of business.

true

U.S. law ensures that no whistleblowers will suffer repercussions for telling the truth.

false

The terms ethics, values, and morals are used interchangeably, but they actually mean different things. Select the answer that is not true concerning the definitions of these words.

...

Which of the following best defines the term corporate responsibility?

This is putting into practice what are considered legal and ethical standards such as making safe products, safe work environments, fair hiring practices, etc.

When it comes to social responsibility, some people feel that "before you can do good, you must do well." This reflects a firm's primary responsibility to its ______________.

investors

A recent study revealed that Americans have few moral absolutes. This is a frightening situation for businesses, governments, and other social institutions, because it means that people are increasingly less trustworthy and are more likely to do whatever it takes to get what they want. Depending upon the situation, many individuals decide whether it is right to steal, lie, cheat, or even drink and drive. They believe that each person should work out what is right or wrong for him/herself. This kind of thinking has led to recent scandals in government and business.

This means that Americans are increasingly more likely to find situations where _______________ to cheat, steal, or lie.

it may be OK