Question 1

Considering the potential impact on others prior to making a decision is consistent with ________ behavior.

Accepted Answer

A)   legal
B)   anti-social
C)   ethical
D)   self-motivated

Question 2

Employers should proceed cautiously when designing an employee incentive program that rewards employees strictly on increased sales.

Accepted Answer

A) True 
 B)False

Question 3

A firm's net social contribution is a company report that measures the difference between its positive social contributions and its negative social impact.

Accepted Answer

A) True 
 B)False

Question 4

According to the Reaching Beyond Our Borders box, which of the following is true?

Accepted Answer

A)   Corporate ethics are intended to be consistent with cultural ethics.
B)   Corporate ethics have priority over corporate profit.
C)   Corporate profits have priority over corporate ethics.
D)   Corporate ethics can clash with cultural ethics.

Question 5

Which of the following terms describes someone who reports illegal or unethical behavior?

Accepted Answer

A)   whistleblower
B)   horn blower
C)   watch tower sentinel
D)   integrity watchdog

Question 6

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

Accepted Answer

A) True 
 B)False

Question 7

Insider trading occurs when employees of publicly traded companies use private company information to profit in the stock market.

Accepted Answer

A) True 
 B)False

Question 8

Determining what is involved for a firm to be socially responsible:

Accepted Answer

A)   is easy.
B)   varies even among those who are interested in corporate responsibility.
C)   helps government officials develop appropriate legislation.
D)   varies from industry to industry due to different laws.

Question 9

Often it is the threat of negative publicity that pressures businesses to enforce their corporate code of ethics.

Accepted Answer

A) True 
 B)False

Question 10

Compliance-based ethics codes typically:

Accepted Answer

A)   rely on laws and regulations outside the firm for guidance.
B)   have a strong affinity for shared accountability among employees.
C)   promote a "do-it-right" climate.
D)   enable responsible employee conduct.

Question 11

Getting even is one of the most powerful incentives for good people to do bad things.

Accepted Answer

A) True 
 B)False

Question 12

Obeying the law is ________ ethical behavior.

Accepted Answer

A)   essentially the same as
B)   the first step toward
C)   the opposite of
D)   unlikely to lead to

Question 13

An important source of public scrutiny is "watchdogs." These are:

Accepted Answer

A)   the efforts of a firm's competitors, including how often the competitors attack the firm's strategies.
B)   taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets.
C)   companies designated by the government to only produce products that support the government defense program.
D)   socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.

Question 14

Business issues such as minority hiring practices and pollution control fall under the umbrella of corporate responsibility.

Accepted Answer

A) True 
 B)False

Question 15

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage. In keeping within the legal limits of the law, the employees are within their compliance-based ethics rights.

Accepted Answer

A) True 
 B)False

Question 16

As a manager, you have a responsibility for the unethical behavior of your employees.

Accepted Answer

A) True 
 B)False

Question 17

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

Accepted Answer

A)   people may begin to think that any behavior that is legal is acceptable.
B)   people will see the difference between ethics and legality.
C)   legal behavior will reflect the totality of people's relations with one another.
D)   there will not be enough jails to house those who break the law.

Question 18

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.

Accepted Answer

A)   it is absolutely wrong
B)   it might be okay
C)   business people are expected
D)   capitalism forces people

Question 19

Some critics of corporate social responsibility view spending money on CSR as:

Accepted Answer

A)   a necessary evil.
B)   stealing from investors.
C)   important for America.
D)   moving toward capitalism.

Question 20

Ethical behavior requires more than following the law.

Accepted Answer

A) True 
 B)False

Exam 4: Demanding Ethical and Socially Responsible Behavior

An important source of public scrutiny is "watchdogs." These are:

Correct AnswerverifiedShow Answer

Some critics of corporate social responsibility view spending money on CSR as:

Correct AnswerverifiedShow Answer

Getting even is one of the most powerful incentives for good people to do bad things.

Correct AnswerverifiedShow Answer

Ethical behavior requires more than following the law.

Correct AnswerverifiedShow Answer

Insider trading occurs when employees of publicly traded companies use private company information to profit in the stock market.

Correct AnswerverifiedShow Answer

Employers should proceed cautiously when designing an employee incentive program that rewards employees strictly on increased sales.

Correct AnswerverifiedShow Answer

Obeying the law is ________ ethical behavior.

Correct AnswerverifiedShow Answer

Which of the following terms describes someone who reports illegal or unethical behavior?

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Considering the potential impact on others prior to making a decision is consistent with ________ behavior.

Correct AnswerverifiedShow Answer

A firm's net social contribution is a company report that measures the difference between its positive social contributions and its negative social impact.

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

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.

Correct AnswerverifiedShow Answer

Dewy Cheatum encourages his employees to create and use legal loopholes to gain a competitive advantage. In keeping within the legal limits of the law, the employees are within their compliance-based ethics rights.

Correct AnswerverifiedShow Answer

Determining what is involved for a firm to be socially responsible:

Correct AnswerverifiedShow Answer

Business issues such as minority hiring practices and pollution control fall under the umbrella of corporate responsibility.

Correct AnswerverifiedShow Answer

Often it is the threat of negative publicity that pressures businesses to enforce their corporate code of ethics.

Correct AnswerverifiedShow Answer

Compliance-based ethics codes typically:

Correct AnswerverifiedShow Answer

According to the Reaching Beyond Our Borders box, which of the following is true?

Correct AnswerverifiedShow Answer

As a manager, you have a responsibility for the unethical behavior of your employees.

Correct AnswerverifiedShow Answer

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