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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 141

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Business is under pressure from society to be more socially responsible.However,even the strongest advocates for corporate responsibility can't seem to agree:

A) on what social responsibility involves.
B) who should be policing business' behavior.
C) if all businesses,large and small,should be held to the same standards.
D) if politicians should be held to the same standards of behavior.

E) None of the above
F) B) and C)

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Question 142

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As a show of corporate responsibility to your customers,your firm may elect to provide more information regarding your product than the law demands.

A) True
B) False

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Question 143

Multiple Choice

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Relationships between businesses and among nations,

Which of the following is an unresolved ethical issue that surrounds global trade?

Many Americans define ethical behavior according to the situation in which they find themselves.This suggests that there may be situations where ________ to cheat,steal,or lie.

Both managers and workers cite low managerial ethics as a major cause of American businesses' competitive woes.

To be effective,an organization's code of ethics needs to be communicated to outsiders such as suppliers,subcontractors,and customers.

Legal behavior and ethical behavior are basically the same.

An ethic of care is based on a sense of responsibility to reduce actual harm or suffering.

Utilizing the phrase "the ends justify the means" as a corporate value system can negatively impact company morale and competitiveness.

People need to make a living.Under this circumstance,one of the best social programs a firm can offer is:

The Green Movement:

When WorldCom used intentional accounting irregularities to make the company look more profitable than it actually was,it:

Fresh Walls Paint Company promotes its products as nontoxic and made from natural,organic substances that are safe for all persons including those with asthma and other lung conditions.In order to live up to customer expectations,it must walk the walk and not just talk the talk! If consumers learn that Fresh Walls' paints do not meet their expectations,their reaction is likely to tarnish the company's image.

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

During the 2010 Gulf Oil Spill,former BP CEO,Tony Hayward,was quoted as saying: "I want my life back!" Although he apologized for this remark in a later statement,the original message remained in the thoughts of many,particularly under the circumstances that 11 persons lost their lives;several communities experienced extreme devastation;many fishing industry businesses lost their livelihood;and dead sea life washed up on the shores of several southern states and Mexico.In terms of corporate social responsibility,which of the following statements would you like to share with Tony Hayward?