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Exam 4: Demanding Ethical and Socially Responsible Behavior

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Question 71

Multiple Choice

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Green washing:

A) is the most popular sub-movement of the green movement.
B) clears the path for a firm to develop products and services that benefit society.
C) is the appearance of being "green",when in fact the business is only making green claims without genuinely demonstrating a commitment to going green.
D) changing one's entire product line to only offering green products.

E) C) and D)
F) A) and B)

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Question 72

Multiple Choice

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Purposefully understating your firm's income to avoid paying higher taxes is an example of:

A) An accepted business practice.
B) Tax accountants doing their job.
C) Illegal behavior.
D) A firm's responsibility to its owners.

E) A) and B)
F) A) and C)

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Question 73

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Using the phrase: "Quality is job #1",as part of a corporate mission statement,can influence the ethical behavior of employees. Firms with strong,effective,and ethical leadership can create a high value system.A corporate mission statement that is socially beneficial can favorably impact the value system of the firm's employees.

Zach spent several months developing a good relationship with a business client.The client is now buying a significant amount of product from Zach's company,resulting in high commissions for Zach,personally.After checking the sales records for the past six months,Ben (a sales colleague of Zach's) started visiting the same client in the hopes of capturing some of the client's business too.Although he considers it "legal and fair game",sales reps in his firm have begun to avoid him because they consider it a violation of:

According to the Reaching Beyond Our Borders box,titled "Ethical Culture Clash",which of the following is true?

People who report illegal or unethical behavior are called whistleblowers.

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

Jake recently invested in a Hottie Potatee franchised business that serves potatoes with all the trimmings.The business needs lots of employees in order to operate effectively.He told you that if he calls the business once each day and tells the employees that he is on his way there,they will be on their best behavior.As he tells it,"It's okay if I really don't make it there,after all,I'm the owner and the business should be able to run without micromanagement." As a recent student of business ethics,you remind Jake that:

A charitable donation contributed by a corporation is an example of corporate philanthropy.

The difference between an organization's positive social contributions and its negative social impacts is called their:

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

An important step in improving U.S.business ethics is for companies to hire whistleblowers. Whistleblowers report illegal or unethical behavior.They are not purposefully hired by firms.However,legislation now protects employees who act as whistleblowers from corporate retaliation in the event that the company is convicted of illegal or harmful activity.

One strategy guaranteed to displease your customers is to:

Given the level of diversity within the United States,agreement on common standards of ethical behavior is unachievable.

A very critical last step in the process of establishing an ethics code is _________.

Olivia is ordering trendy necklaces and earrings made with semi-precious stones from a supplier in Belize,for her city boutique.Due to low paying wages in Belize,the supplier has promised an excellent wholesale price for these goods.You concur with Olivia when she explains to you that international business law is very clear-cut with these dealings.As long as the supplier is not breaking any labor laws in his country,Olivia's social responsibility is covered. The fairness of requiring international suppliers to adhere to U.S.ethical standards is not as clear-cut as we would like it to be.U.S.businesses will be held to a higher standard by their customers and watch-dogs.Particularly,the issue of low wages and child-labor laws in foreign countries is of great concern to socially conscious investors and customers.

________ refers to standards of moral behavior.

Corporate ________ covers issues such as setting minority hiring practices,manufacturing safe products,and minimizing pollution.

The majority of CEOs blame unethical employee conduct on:

Sharon,a CPA for a large firm noticed that the company's accounting records drastically overstated the amount of inventory on hand,which led to overstating the assets of the firm.Initially,she brought it to the attention of her supervisor,but when nothing was done to correct the mistake in a timely manner;she decided the best course of action was to report it to the appropriate government official.Although her actions took her outside the company,she was counting on current law,under the ____________ to protect her against company retaliation.