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Exam 2: Business Ethics and Social Responsibility

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Question 31

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Unethical behavior complies with individual beliefs and social norms about what's right and good.

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Question 32

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A behavior that does not conform to accepted beliefs and social norms is defined as ________.

A) ethical behavior
B) unethical behavior
C) irresponsibility
D) business ethics

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Question 33

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What will a social audit reveal?

A manager who discriminates against African Americans in hiring exhibits both unethical and illegal behavior.

Which stance do tobacco companies usually take in their marketing efforts?

Which statement is false?

The systematic analysis of an organization's success in using funds earmarked for its social responsibility goals is called a ________.

Short Case Scenario 2-1 MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. -If MKD implements a formal social responsibility program,to what extent will top management be involved?

Top managers demonstrate commitment to ethical business practices with ________.

How can companies promote ethical behavior?

Short Case Scenario 2-1 MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. -Will MKD be able to greenwash their company after this?

A firm's customers,competitors,stockholders,suppliers,dealers,and unions are considered ________.

Short Case Scenario 2-1 MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a credible report that one of their ships is leaking an oily substance off the coast of Belize. If true, some of the world's most beautiful coral reefs could be in danger. On the other hand, the captain of the ship in question has not notified the company of any problem, and cleanup could be very costly. Environmental groups and the government of Belize have demanded that the company admit responsibility and immediately begin cleanup. -Managers at MKD claim to exercise ethical behavior toward their employees.What matters might this behavior cover?

How can a firm demonstrate social responsibility to its customers?

Price gouging occurs when a company sells products below cost.

The ________ was passed in 2002 in response to a number of highly publicized accounting scandals.

A social audit is

What is collusion?

Name the four most common approaches to social responsibility.

The economic turmoil of the ________ led to new laws that described an expanded role for businesses in protecting and enhancing the general welfare of society.