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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 61

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Which of the following indicates that U.S.businesses are demanding socially responsible behavior from their international suppliers?

A) The establishment of the Equal Opportunity Employment Commission
B) The decision of Wal-Mart to open stores globally
C) The decision of Phillips-Van Heusen to cancel orders from suppliers that violate its ethics code
D) The creation of the North American Free Trade Zone (NAFTA) between the U.S. ,Canada,and Mexico

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Question 62

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Some investors believe it makes financial as well as moral sense to invest in companies whose practices promote sensitivity towards the environment.

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Question 63

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Recently,a large insurance company in the Midwest made a public commitment toward corporate philanthropy when it dedicated 3% of its profits toward the cultural and environmental concerns of the large metropolitan area that houses its corporate headquarters.The CEO stated,"In honor of several hundred employees that come to work here everyday,we want to give something back." In light of the fact that this is only helping one metropolitan area,the donation falls outside the realm of corporate social responsibility.

It can be very difficult to maintain a balance between ethics and goals such as pleasing stakeholders.

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

The Hum-dinger Corporation recently instituted a corporate ethics code.The president of the company realizes that ethical relationships are based on:

Overly ambitious business goals and employee incentives can lead to unethical behavior.

Jake and his college friends frequent a small pub on weekends.Last weekend,after a few beers,one of his friends decided to take the salt and pepper shakers from their table because they needed a set at their apartment.In this situation,this was not a particularly questionable activity because it was a restaurant where one pays for these extras.

Integrity-based ethics codes are based on avoiding legal punishment.

Ethical behavior refers to the standards that are accepted by society as right or wrong.

In recent years,progressive firms have embarked upon ___________,where they will commit company resources and expertise toward helping-out in emergency type situations.

Compliance based ethics codes typically:

When facing an ethical dilemma,it is often helpful to discuss the situation with your supervisor because ethical decisions will always withstand scrutiny.

A society gets into trouble when people consider only what is illegal and not also what is ethical or unethical.

Business behavior determines the ethics of society.We can improve society's moral and ethical behavior by first making a commitment to improving business's moral and ethical behavior.

An ethical manager's decisions are based only on the following questions: "Is it legal?" and "Is it profitable?"

The majority of CEOs believe that employee misconduct results from the failure of organizational leadership to establish ethical standards.

The position a firm takes on issues that affect the corporation as well as society is known as its:

Although college graduates would prefer to work for socially responsible companies,

Relationships between businesses and among nations,