Question 1

Which of the following is most likely to be considered unethical?

Accepted Answer

A)  Galaxy Inc. ceased its operations in some developing nations on account of low employment standards in those countries.
B)  Unicorn Inc. sells its medicines at a lower price in less developed nations.
C)  Capricorn Inc., a multinational company operating in developing nations, pays its labor 30 percent more than what the local competitors pay.
D)  Centaur Inc. had to close down a production plant as the local management there had employed child labor.
E)  Orion Inc. sends its waste products for disposal to a developing nation because the pollution control laws in its home country are much more strict than those in the developing nation.F) A) and E)
G) D) and E)

Question 2

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following is a straw man approach to business ethics?

Accepted Answer

A)  The Friedman doctrine
B)  Kantian ethics
C)  Sullivan's principles
D)  Utilitarian philosophy
E)  Just distributionF) A) and B)
G) B) and C)

Question 4

Silver Meteorite Inc. is a multinational company whose home country, Palumbia Republic, considers grease payments as both illegal and unethical. Hence, the company has a zero-tolerance approach toward grease payments irrespective of any of its host nations' perspectives toward such payments. In this context, Silver Meteorite Inc. is following the approach to ethics known as:

Accepted Answer

A)  naive immoralist.
B)  righteous moralist.
C)  cultural pluralist.
D)  cultural relativist.
E)  ethnocentric.F) A) and B)
G) A) and C)

Question 5

Who falls into the category of external stakeholders of an organization?

Accepted Answer

A)  Employees
B)  Customers
C)  Trustees
D)  Board of directors
E)  StockholdersF) C) and E)
G) A) and E)

Question 6

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions:

Accepted Answer

A)  makes it mandatory for companies to adhere to the pollution control standards of their home country in all the nations in which they do business.
B)  does not consider facilitating payments a criminal offense.
C)  makes grease payments mandatory in order to obtain exclusive preferential treatment in a host nation.
D)  considers payment of speed money to be moral, but illegal.
E)  makes it obligatory for companies to adopt a zero-tolerance approach toward grease payments.F) A) and E)
G) B) and C)

Question 7

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

Accepted Answer

A) True 
 B)False

Question 8

The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Accepted Answer

A) True 
 B)False

Question 9

According to John Rawls's difference principle, wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Accepted Answer

A) True 
 B)False

Question 10

Which of the following statements is true of facilitating payments?

Accepted Answer

A)  According to the Foreign Corrupt Practices Act, "facilitating payments" are as illegal as bribes.
B)  Facilitating payments are payments to secure contracts that otherwise would not be secured.
C)  It is ethical to have a zero-tolerance approach toward facilitating payments.
D)  Companies are allowed to make facilitating payments only in developing countries.
E)  The concept of facilitating payments was introduced by the UN to put U.S. firms at a competitive disadvantage.F) B) and C)
G) A) and E)

Question 11

Which of the following is most likely to reduce the pressure on managers to violate their personal ethics?

Accepted Answer

A)  Making managers work away from their ordinary social context and supporting culture
B)  Keeping managers psychologically and geographically close to the parent company
C)  Pressuring managers to meet unrealistic business goals
D)  Adopting an organizational culture which emphasizes that all decisions should be purely economic
E)  Pressuring managers to shun the concept of noblesse obligeF) A) and B)
G) D) and E)

Question 12

Discuss John Rawls's principles of justice.

Accepted Answer

According to John Rawls, valid principle...

Question 13

Which of the following is most likely to be a function of ethics officers in firms?

Accepted Answer

A)  Auditing decisions to make sure they are consistent with the company's moral principles
B)  Identifying the ethical principles followed by competing companies
C)  Ensuring that the economic interests of stakeholders is given prime importance
D)  Training managers to avoid moral imagination and veil of ignorance
E)  Informing external stakeholders about the moral intent of a decisionF) None of the above
G) A) and D)

Question 14

Discuss the concept of an ethical dilemma.

Accepted Answer

An ethical dilemma is a situation in whi...

Question 15

Which of the following philosophies of ethics holds that people should be treated as ends and never purely as means to the ends of others?

Accepted Answer

A)  Kantian ethics
B)  The Friedman doctrine
C)  Cultural relativism
D)  Righteous moralism
E)  Naive immoralismF) None of the above
G) A) and B)

Question 16

Enterprises headquartered in a country which scores high on masculinity and power distance measures are more likely to behave ethically than enterprises headquartered in a culture where individualism and uncertainty avoidance are strong.

Accepted Answer

A) True 
 B)False

Question 17

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to:

Accepted Answer

A)  restrict its employees from joining a trade union.
B)  set unrealistic performance goals for its employees.
C)  promote employees on the sole basis of their particular characteristics such as race, sex, nationality, and class.
D)  make its employees work under unfavorable working conditions.
E)  respect the dignity of an individual and the right of employees to freedom of association.F) A) and E)
G) B) and E)

Question 18

Which of the following steps in ethical decision making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics?

Accepted Answer

A)  Judging the ethics of the proposed decision
B)  Auditing past decisions
C)  Establishing a moral intent
D)  Involving in moral imagination
E)  Identifying the concerned stakeholdersF) B) and C)
G) None of the above

Question 19

Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees.

Accepted Answer

A) True 
 B)False

Question 20

The term global commons refers to:

Accepted Answer

A)  social norms and values that are common across the globe.
B)  a group of nations that share similar ideologies on globalization.
C)  natural resources from which everyone benefits but for which no one is specifically responsible.
D)  common laws to be obeyed by companies involved in international business.
E)  arrangements, like common currencies, between countries to simplify international trading.F) All of the above
G) D) and E)

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees.

Correct Answer
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Correct Answer
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The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Correct Answer
verified

Which of the following philosophies of ethics holds that people should be treated as ends and never purely as means to the ends of others?

Correct Answer
verified

Which of the following is a straw man approach to business ethics?

Correct Answer
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Discuss John Rawls's principles of justice.

Correct Answer
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According to John Rawls, valid principle...
View Answer

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

Correct Answer
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Which of the following is most likely to be a function of ethics officers in firms?

Correct Answer
verified

Which of the following is most likely to be considered unethical?

Correct Answer
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Who falls into the category of external stakeholders of an organization?

Correct Answer
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The term global commons refers to:

Correct Answer
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Discuss the concept of an ethical dilemma.

Correct Answer
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An ethical dilemma is a situation in whi...
View Answer

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Correct Answer
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Which of the following steps in ethical decision making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics?

Correct Answer
verified

Enterprises headquartered in a country which scores high on masculinity and power distance measures are more likely to behave ethically than enterprises headquartered in a culture where individualism and uncertainty avoidance are strong.

Correct Answer
verified

Which of the following is most likely to reduce the pressure on managers to violate their personal ethics?

Correct Answer
verified

Which of the following statements is true of facilitating payments?

Correct Answer
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The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions:

Correct Answer
verified

According to John Rawls's difference principle, wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Correct Answer
verified

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to:

Correct Answer
verified

Exam 5: Ethics, Corporate Social Responsibility, and Sustainability

Ethics officers act as an internal ombudsperson with responsibility for handling confidential inquiries from employees.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

The concept of corporate social responsibility (CSR) refers to the idea that businesspeople should consider the social consequences of economic actions when making business decisions.

Correct AnswerverifiedShow Answer

Which of the following philosophies of ethics holds that people should be treated as ends and never purely as means to the ends of others?

Correct AnswerverifiedShow Answer

Which of the following is a straw man approach to business ethics?

Correct AnswerverifiedShow Answer

Discuss John Rawls's principles of justice.

Correct AnswerverifiedAccording to John Rawls, valid principle...View AnswerShow Answer

The term ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization.

Correct AnswerverifiedShow Answer

Which of the following is most likely to be a function of ethics officers in firms?

Correct AnswerverifiedShow Answer

Which of the following is most likely to be considered unethical?

Correct AnswerverifiedShow Answer

Who falls into the category of external stakeholders of an organization?

Correct AnswerverifiedShow Answer

The term global commons refers to:

Correct AnswerverifiedShow Answer

Discuss the concept of an ethical dilemma.

Correct AnswerverifiedAn ethical dilemma is a situation in whi...View AnswerShow Answer

The first step in an ethical algorithm is to identify those common resources that are not owned by anyone in particular but are used by everybody.

Correct AnswerverifiedShow Answer

Which of the following steps in ethical decision making is most likely to help businesspeople know if their decision process is working and if changes should be made to ensure greater compliance with a code of ethics?

Correct AnswerverifiedShow Answer

Enterprises headquartered in a country which scores high on masculinity and power distance measures are more likely to behave ethically than enterprises headquartered in a culture where individualism and uncertainty avoidance are strong.

Correct AnswerverifiedShow Answer

Which of the following is most likely to reduce the pressure on managers to violate their personal ethics?

Correct AnswerverifiedShow Answer

Which of the following statements is true of facilitating payments?

Correct AnswerverifiedShow Answer

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions:

Correct AnswerverifiedShow Answer

According to John Rawls's difference principle, wide variations in income and wealth can be considered just if the market-based system that produces this unequal distribution also benefits the least-advantaged members of society.

Correct AnswerverifiedShow Answer

The code of ethics of a company draws heavily upon documents such as the UN Universal Declaration of Human Rights, which itself is grounded in Kantian and rights-based theories of moral philosophy. In the context of this information, this company is most likely to:

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
verified
According to John Rawls, valid principle...
View Answer

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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An ethical dilemma is a situation in whi...
View Answer

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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